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2022
Exports $312MWorld Rnk 25 / 162
Flag Rnk 75 / 96
2022
Destination $35.9M France
2021 - 2022
FASTEST GROWING MARKET $35.9MFrance
2022
PRODUCT COMPLEXITY IN Nickel articles1.47Rnk 61 / 1025
2022
Imports $911MWorld Rnk 15 / 206
Flag Rnk 57 / 96
2022
Origin $198M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $198MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $312M in Nickel articles, making it the 25th largest exporter of Nickel articles in the world. At the same year, Nickel articles was the 75th most exported product in Belgium. The main destination of Nickel articles exports from Belgium are: France ($77.7M), Italy ($42.5M), Austria ($32.5M), United States ($26.9M), and Germany ($22.8M).

The fastest growing export markets for Nickel articles of Belgium between 2021 and 2022 were France ($35.9M), Austria ($31.9M), and Germany ($9.23M).

Imports In 2022, Belgium imported $911M in Nickel articles, becoming the 15th largest importer of Nickel articles in the world. At the same year, Nickel articles was the 57th most imported product in Belgium. Belgium imports Nickel articles primarily from: Netherlands ($336M), Canada ($211M), United Kingdom ($137M), United States ($53.5M), and South Africa ($48.2M).

The fastest growing import markets in Nickel articles for Belgium between 2021 and 2022 were Netherlands ($198M), South Africa ($42.1M), and Canada ($26M).

COMPANIES In 2023, leading companies such as Victaulic (2) were at the forefront of shipping Nickel articles from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Nickel articles exports accounted up to €13M and imports accounted up to €24.6M, resulting in a negative trade balance of €11.6M. Between August 2023 and August 2024 the exports of Belgium's   Nickel articles have decreased by €-1.82M (-12.3%) from €14.8M to €13M, while imports decreased by €-18.3M (-42.6%) from €42.9M to €24.6M.

Destinations In August 2024, Nickel articles were exported mostly to Germany (€3.82M), France (€2.6M), Norway (€1.94M), United Kingdom (€587k), and China (€466k), and were imported mostly from Netherlands (€15.2M), United States (€5.98M), Germany (€796k), France (€691k), and Canada (€425k).

Growth In August 2024, the decrease in Nickel articles's year-by-year exports was explained primarily by a decrease in exports to India (€-1.61M or -96.9%), Italy (€-875k or -63.4%), and United States (€-686k or -36.9%). In August 2024, the decrease in Nickel articles's year-by-year imports was explained primarily by a decrease in imports from Germany (€-826k or -28.1%), United Kingdom (€-443k or -42.5%), and France (€-200k or -28%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.82M(-12.3%)
IMPORT GROWTH (August 2023 - August 2024)€-18.3M(-42.6%)
MAIN DESTINATION (August 2024)Germany€3.82M

This section shows Nickel articles'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 Nickel articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$312M
IMPORTS (2022)$911M
NET TRADE (2022)-$599M

In 2022, Belgium exported $312M in Nickel articles. The main destinations of Belgium exports on Nickel articles were France ($77.7M), Italy ($42.5M), Austria ($32.5M), United States ($26.9M), and Germany ($22.8M).

In 2022, Belgium imported $911M in Nickel articles, mainly from Netherlands ($336M), Canada ($211M), United Kingdom ($137M), United States ($53.5M), and South Africa ($48.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel articles EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$35.9M (86%)
Austria$31.9M (6.11k%)
Germany$9.23M (68.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel articles BY Belgium WERE (2021 - 2022):
Italy-$9.27M (-17.9%)
United Kingdom-$7.36M (-32.8%)
Sweden-$5.67M (-60.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Nickel articles were:
Indonesia $6.3B
Canada $5.49B
Russia $4.87B
In 2022, Belgium's main importing competitors in Nickel articles were:
China $12.8B
United States $4.52B
Japan $4.39B

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Trade Value of Nickel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $29M
TOP IMPORT POTENTIALGermany+ $18.9M

Nickel articles’s highest export potential is Germany. With an export gap of $29M.   Nickel articles’s highest import potential is Germany with an import gap of $18.9M.

See methodology.

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