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2022
Exports $15MWorld Rnk 48 / 128
Flag Rnk 802 / 1213
2022
Destination $7.84M Spain
2021 - 2022
FASTEST GROWING MARKET $7.84MSpain
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $683MWorld Rnk 22 / 130
Flag Rnk 141 / 1214
2022
Origin $76.8M Canada
2021 - 2022
FASTEST GROWING ORIGIN $76.8MCanada
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $15M in Iron Ore, making it the 48th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 802nd most exported product in Belgium. The main destination of Iron Ore exports from Belgium are: Spain ($7.86M), France ($4.93M), Germany ($1.93M), Netherlands ($150k), and Portugal ($52.6k).

The fastest growing export markets for Iron Ore of Belgium between 2021 and 2022 were Spain ($7.84M), Germany ($1.93M), and Portugal ($17.5k).

Imports In 2022, Belgium imported $683M in Iron Ore, becoming the 22nd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 141st most imported product in Belgium. Belgium imports Iron Ore primarily from: Canada ($269M), Brazil ($232M), Sweden ($146M), Liberia ($14.4M), and United States ($9.25M).

The fastest growing import markets in Iron Ore for Belgium between 2021 and 2022 were Canada ($76.8M), Netherlands ($1.88M), and Liberia ($1.6M).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Iron Ore exports accounted up to €2.8k and imports accounted up to €95.3M, resulting in a negative trade balance of €95.2M. Between July 2023 and July 2024 the exports of Belgium's   Iron Ore have decreased by €-6.38k (-69.5%) from €9.18k to €2.8k, while imports increased by €23M (31.9%) from €72.2M to €95.3M.

Destinations In July 2024, Iron Ore were exported mostly to Spain (€2.8k), and were imported mostly from Brazil (€38.9M), Canada (€34.3M), Sweden (€21.4M), Norway (€384k), and Netherlands (€79.9k).

Growth In July 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to Spain (€-2.51k or -87.3%). In July 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Canada (€29.4M or 135%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-6.38k(-69.5%)
IMPORT GROWTH (July 2023 - July 2024)€23M(31.9%)
MAIN DESTINATION (July 2024)Spain€2.8k

This section shows Iron Ore'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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15M
IMPORTS (2022)$683M
NET TRADE (2022)-$668M

In 2022, Belgium exported $15M in Iron Ore. The main destinations of Belgium exports on Iron Ore were Spain ($7.86M), France ($4.93M), Germany ($1.93M), Netherlands ($150k), and Portugal ($52.6k).

In 2022, Belgium imported $683M in Iron Ore, mainly from Canada ($269M), Brazil ($232M), Sweden ($146M), Liberia ($14.4M), and United States ($9.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Spain$7.84M (37.5k%)
Germany$1.93M (71.6k%)
Portugal$17.5k (50%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Belgium WERE (2021 - 2022):
France-$633k (-11.4%)
Netherlands-$364k (-70.8%)
Switzerland-$6.8k (-25.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Belgium's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.03M
TOP IMPORT POTENTIALBrazil+ $19.2M

Iron Ore’s highest export potential is France. With an export gap of $4.03M.   Iron Ore’s highest import potential is Brazil with an import gap of $19.2M.

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