2023
Exports
$39.6MWorld Rnk 20 / 168
Flag Rnk 615 / 1216
2023
PRODUCT COMPLEXITY IN Iron Nails
-0.52Rnk 709 / 1025
2023
Imports
$35.3MWorld Rnk 16 / 220
Flag Rnk 682 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $39.6M in Iron Nails, making it the 20th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 615th most exported product in Belgium. The main destination of Iron Nails exports from Belgium are: France ($18.3M), Italy ($6.91M), Netherlands ($5.26M), United Kingdom ($2.11M), and Germany ($1.81M).

The fastest growing export markets for Iron Nails of Belgium between 2022 and 2023 were Italy ($3.15M), Netherlands ($1.1M), and Sweden ($111k).

Imports In 2023, Belgium imported $35.3M in Iron Nails, becoming the 16th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 682nd most imported product in Belgium. Belgium imports Iron Nails primarily from: Poland ($11.9M), Netherlands ($8.27M), Germany ($4.34M), China ($3.54M), and France ($2.45M).

The fastest growing import markets in Iron Nails for Belgium between 2022 and 2023 were France ($333k), Ukraine ($280k), and United States ($66.6k).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (2) were at the forefront of shipping Iron Nails from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€147k(5.84%)
IMPORT GROWTH (November 2023 - November 2024)€879k(42.2%)
MAIN DESTINATION (November 2024)France€1.03M

This section shows Iron Nails's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$39.6M
IMPORTS (2023)$35.3M
NET TRADE (2023)$4.24M

In 2023, Belgium exported $39.6M in Iron Nails. The main destinations of Belgium exports on Iron Nails were France ($18.3M), Italy ($6.91M), Netherlands ($5.26M), United Kingdom ($2.11M), and Germany ($1.81M).

In 2023, Belgium imported $35.3M in Iron Nails, mainly from Poland ($11.9M), Netherlands ($8.27M), Germany ($4.34M), China ($3.54M), and France ($2.45M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$3.15M (84.1%)
Netherlands$1.1M (26.3%)
Sweden$111k (27.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Belgium WERE (2022 - 2023):
France-$3.15M (-14.6%)
Spain-$508k (-51.6%)
Germany-$501k (-21.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Iron Nails were:
China $1.33B
In 2023, Belgium's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.2M
TOP IMPORT POTENTIALChina+ $3.07M

Iron Nails’s highest export potential is Germany. With an export gap of $2.2M.   Iron Nails’s highest import potential is China with an import gap of $3.07M.

See methodology.

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