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2023
Exports $75.1MWorld Rnk 16 / 145
Flag Rnk 504 / 1216
2023
Destination $8.16M Germany
2022 - 2023
FASTEST GROWING MARKET $8.16MGermany
2023
PRODUCT COMPLEXITY IN Other Stainless Steel Bars1.41Rnk 62 / 1025
2023
Imports $57MWorld Rnk 30 / 217
Flag Rnk 580 / 1213
2023
Origin $645k Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $645kUnited States
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $75.1M in Other Stainless Steel Bars, making it the 16th largest exporter of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 504th most exported product in Belgium. The main destination of Other Stainless Steel Bars exports from Belgium are: Germany ($33.8M), France ($18.8M), Netherlands ($5.78M), United Kingdom ($3.1M), and Italy ($1.51M).

The fastest growing export markets for Other Stainless Steel Bars of Belgium between 2022 and 2023 were Germany ($8.16M), Netherlands ($2.53M), and France ($2.2M).

Imports In 2023, Belgium imported $57M in Other Stainless Steel Bars, becoming the 30th largest importer of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 580th most imported product in Belgium. Belgium imports Other Stainless Steel Bars primarily from: Netherlands ($15.8M), Germany ($11.4M), India ($10.9M), United States ($4.98M), and France ($2.64M).

The fastest growing import markets in Other Stainless Steel Bars for Belgium between 2022 and 2023 were United States ($645k), Austria ($288k), and Portugal ($144k).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Other Stainless Steel Bars exports accounted up to €2.11M and imports accounted up to €3.29M, resulting in a negative trade balance of €1.19M. Between November 2023 and November 2024 the exports of Belgium's   Other Stainless Steel Bars have increased by €621k (41.9%) from €1.48M to €2.11M, while imports increased by €754k (29.7%) from €2.54M to €3.29M.

Destinations In November 2024, Other Stainless Steel Bars were exported mostly to France (€1.12M), Germany (€411k), India (€157k), Netherlands (€137k), and Chinese Taipei (€75k), and were imported mostly from Netherlands (€1.21M), United States (€824k), Germany (€667k), France (€179k), and Italy (€94.9k).

Growth In November 2024, the increase in Other Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to Poland (€341k or 928%), France (€174k or 24.4%), and Netherlands (€83.8k or 95.4%). In November 2024, the increase in Other Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from Netherlands (€468k or 36.7%), Denmark (€230k or 261%), and Luxembourg (€35.9k or 62.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€621k(41.9%)
IMPORT GROWTH (November 2023 - November 2024)€754k(29.7%)
MAIN DESTINATION (November 2024)France€1.12M

This section shows Other Stainless Steel Bars'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 Other Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$75.1M
IMPORTS (2023)$57M
NET TRADE (2023)$18.2M

In 2023, Belgium exported $75.1M in Other Stainless Steel Bars. The main destinations of Belgium exports on Other Stainless Steel Bars were Germany ($33.8M), France ($18.8M), Netherlands ($5.78M), United Kingdom ($3.1M), and Italy ($1.51M).

In 2023, Belgium imported $57M in Other Stainless Steel Bars, mainly from Netherlands ($15.8M), Germany ($11.4M), India ($10.9M), United States ($4.98M), and France ($2.64M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Stainless Steel Bars EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Germany$8.16M (31.9%)
Netherlands$2.53M (77.7%)
France$2.2M (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Stainless Steel Bars BY Belgium WERE (2022 - 2023):
India-$4.38M (-98.5%)
Israel-$4.37M (-98.3%)
United Kingdom-$784k (-20.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Other Stainless Steel Bars were:
Italy $1.41B
India $1.21B
Germany $925M
In 2023, Belgium's main importing competitors in Other Stainless Steel Bars were:
Germany $1.21B
United States $861M
Italy $473M

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Trade Value of Other Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.8M
TOP IMPORT POTENTIALGermany+ $12.2M

Other Stainless Steel Bars’s highest export potential is Germany. With an export gap of $13.8M.   Other Stainless Steel Bars’s highest import potential is Germany with an import gap of $12.2M.

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