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2022
Exports $45.5MWorld Rnk 23 / 144
Flag Rnk 574 / 1213
2022
Destination $3.53M Germany
2021 - 2022
FASTEST GROWING MARKET $3.53MFrance
2022
PRODUCT COMPLEXITY IN Other Stainless Steel Bars1.42Rnk 67 / 1025
2022
Imports $169MWorld Rnk 14 / 219
Flag Rnk 388 / 1214
2022
Origin $31.1M India
2021 - 2022
FASTEST GROWING ORIGIN $31.1MIndia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $45.5M in Other Stainless Steel Bars, making it the 23rd largest exporter of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 574th most exported product in Belgium. The main destination of Other Stainless Steel Bars exports from Belgium are: Germany ($14.9M), France ($12.2M), Netherlands ($2.78M), Israel ($1.78M), and United Kingdom ($1.65M).

The fastest growing export markets for Other Stainless Steel Bars of Belgium between 2021 and 2022 were France ($3.53M), Germany ($2.45M), and India ($1.25M).

Imports In 2022, Belgium imported $169M in Other Stainless Steel Bars, becoming the 14th largest importer of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 388th most imported product in Belgium. Belgium imports Other Stainless Steel Bars primarily from: India ($97M), Netherlands ($19.8M), Germany ($14.6M), United States ($7.87M), and Chinese Taipei ($5.59M).

The fastest growing import markets in Other Stainless Steel Bars for Belgium between 2021 and 2022 were India ($31.1M), Spain ($1.79M), and China ($1.69M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Other Stainless Steel Bars exports accounted up to €209k and imports accounted up to €56.7k, resulting in a positive trade balance of €152k. Between May 2023 and May 2024 the exports of Belgium's   Other Stainless Steel Bars have decreased by €-2.59M (-92.5%) from €2.8M to €209k, while imports decreased by €-4.37M (-98.7%) from €4.42M to €56.7k.

Destinations In May 2024, Other Stainless Steel Bars were exported mostly to Switzerland (€159k), China (€28.3k), Cote d'Ivoire (€6.29k), Republic of the Congo (€4.3k), and United Arab Emirates (€4.2k), and were imported mostly from China (€28.3k), Austria (€24.7k), Czechia (€2.3k), and Switzerland (€1.41k).

Growth In May 2024, the decrease in Other Stainless Steel Bars's year-by-year exports was explained primarily by a decrease in exports to Germany (€-403k or -41.7%), Italy (€-218k or -87.4%), and India (€-64k or -97.2%). In May 2024, the decrease in Other Stainless Steel Bars's year-by-year imports was explained primarily by a decrease in imports from India (€-520k or -27%), Italy (€-292k or -77.4%), and Germany (€-230k or -23.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-2.59M(-92.5%)
IMPORT GROWTH (May 2023 - May 2024)€-4.37M(-98.7%)
MAIN DESTINATION (May 2024)Switzerland€159k

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 (2022)$45.5M
IMPORTS (2022)$169M
NET TRADE (2022)-$124M

In 2022, Belgium exported $45.5M in Other Stainless Steel Bars. The main destinations of Belgium exports on Other Stainless Steel Bars were Germany ($14.9M), France ($12.2M), Netherlands ($2.78M), Israel ($1.78M), and United Kingdom ($1.65M).

In 2022, Belgium imported $169M in Other Stainless Steel Bars, mainly from India ($97M), Netherlands ($19.8M), Germany ($14.6M), United States ($7.87M), and Chinese Taipei ($5.59M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Stainless Steel Bars EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$3.53M (40.7%)
Germany$2.45M (19.7%)
India$1.25M (1.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Stainless Steel Bars BY Belgium WERE (2021 - 2022):
Sweden-$1.07M (-64.1%)
Singapore-$832k (-99.4%)
Austria-$546k (-63.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Other Stainless Steel Bars were:
Italy $1.61B
India $1.23B
Germany $1.02B
In 2022, Belgium's main importing competitors in Other Stainless Steel Bars were:
Germany $1.44B
United States $830M
Italy $500M

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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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