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2022
Exports $497kWorld Rnk 28 / 71
Flag Rnk 1137 / 1213
2022
Destination $239k South Africa
2021 - 2022
FASTEST GROWING MARKET $239kSouth Africa
2022
PRODUCT COMPLEXITY IN Nickel Ore-1.62Rnk 962 / 1025
2022
Imports $18MWorld Rnk 9 / 67
Flag Rnk 849 / 1214
2022
Origin $17.4M Canada
2021 - 2022
FASTEST GROWING ORIGIN $17.4MCanada
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $497k in Nickel Ore, making it the 28th largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 1137th most exported product in Belgium. The main destination of Nickel Ore exports from Belgium are: South Africa ($239k), South Korea ($200k), Thailand ($31.3k), Germany ($13.1k), and Vietnam ($10.7k).

The fastest growing export markets for Nickel Ore of Belgium between 2021 and 2022 were South Africa ($239k), South Korea ($200k), and Germany ($13.1k).

Imports In 2022, Belgium imported $18M in Nickel Ore, becoming the 9th largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 849th most imported product in Belgium. Belgium imports Nickel Ore primarily from: Canada ($17.4M), Turkey ($409k), South Africa ($185k), United Kingdom ($40.5k), and United States ($6.15k).

The fastest growing import markets in Nickel Ore for Belgium between 2021 and 2022 were Canada ($17.4M), Turkey ($230k), and South Africa ($62.6k).

Latest Trends

January 2024

About

Overview In January 2024 Belgium's Nickel Ore exports accounted up to €18 and imports accounted up to €4.32k, resulting in a negative trade balance of €4.31k. Between April 2019 and January 2024 the exports of Belgium's   Nickel Ore have decreased by €-210k (-100%) from €210k to €18, while imports decreased by €-53.2k (-92.5%) from €57.6k to €4.32k.

Destinations In January 2024, Nickel Ore were exported mostly to , and were imported mostly from United States (€4.08k) and South Africa (€239).

Growth In January 2024, the decrease in Nickel Ore's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Nickel Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2019 - January 2024)€-210k(-100%)
IMPORT GROWTH (July 2023 - July 2024)€-53.2k(-92.5%)
MAIN DESTINATION (January 2024)

This section shows Nickel 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 Nickel Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$497k
IMPORTS (2022)$18M
NET TRADE (2022)-$17.5M

In 2022, Belgium exported $497k in Nickel Ore. The main destinations of Belgium exports on Nickel Ore were South Africa ($239k), South Korea ($200k), Thailand ($31.3k), Germany ($13.1k), and Vietnam ($10.7k).

In 2022, Belgium imported $18M in Nickel Ore, mainly from Canada ($17.4M), Turkey ($409k), South Africa ($185k), United Kingdom ($40.5k), and United States ($6.15k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
South Africa$239k (1%)
South Korea$200k (1%)
Germany$13.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY Belgium WERE (2021 - 2022):
Thailand-$32.7k (-51.1%)
Luxembourg-$279 (-100%)
Canada-$244 (-100%)
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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 Ore were:
Philippines $1.29B
New Caledonia $825M
Russia $411M
In 2022, Belgium's main importing competitors in Nickel Ore were:
China $2.96B
Canada $527M
South Korea $339M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $25k
TOP IMPORT POTENTIALSouth Africa+ $134k

Nickel Ore’s highest export potential is Germany. With an export gap of $25k.   Nickel Ore’s highest import potential is South Africa with an import gap of $134k.

See methodology.

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