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2023
Exports $1.78BWorld Rnk 3 / 176
Flag Rnk 36 / 1216
2023
Destination $676M Germany
2022 - 2023
FASTEST GROWING MARKET $676MGermany
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.62Rnk 738 / 1025
2023
Imports $789MWorld Rnk 13 / 126
Flag Rnk 88 / 1213
2023
Origin $95.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $95.1MGermany
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $1.78B in Precious Metal Scraps, making it the 3rd largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 36th most exported product in Belgium. The main destination of Precious Metal Scraps exports from Belgium are: Germany ($1.4B), Italy ($302M), United Arab Emirates ($37.9M), Netherlands ($15.3M), and United Kingdom ($8.97M).

The fastest growing export markets for Precious Metal Scraps of Belgium between 2022 and 2023 were Germany ($676M), Italy ($186M), and United Arab Emirates ($36.1M).

Imports In 2018, Belgium imported $789M in Precious Metal Scraps, becoming the 13th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 88th most imported product in Belgium. Belgium imports Precious Metal Scraps primarily from: Germany ($201M), South Africa ($149M), United States ($149M), Ghana ($30.6M), and Turkey ($26M).

The fastest growing import markets in Precious Metal Scraps for Belgium between 2022 and 2023 were Germany ($95.1M), South Africa ($40.7M), and Ghana ($30.4M).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Precious Metal Scraps exports accounted up to €73.4M and imports accounted up to €144M, resulting in a negative trade balance of €70.6M. Between November 2023 and November 2024 the exports of Belgium's   Precious Metal Scraps have increased by €50.6M (223%) from €22.7M to €73.4M, while imports increased by €43.4M (43.1%) from €101M to €144M.

Destinations In November 2024, Precious Metal Scraps were exported mostly to Germany (€46.7M), Switzerland (€16.3M), Singapore (€7.97M), United Kingdom (€1.16M), and United States (€897k), and were imported mostly from South Africa (€34M), Guyana (€26M), United Kingdom (€24.3M), United States (€15.9M), and France (€6.79M).

Growth In November 2024, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Singapore (€3.64M or 14.8%) and Germany (€2.88M or 5.94%). In November 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€16.9M or 50.1%), India (€13.4M or 598%), and Australia (€807k or 59.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€50.6M(223%)
IMPORT GROWTH (November 2023 - November 2024)€43.4M(43.1%)
MAIN DESTINATION (November 2024)Germany€46.7M

This section shows Precious Metal Scraps'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 Precious Metal Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.78B
IMPORTS (2023)$789M
NET TRADE (2023)$996M

In 2023, Belgium exported $1.78B in Precious Metal Scraps. The main destinations of Belgium exports on Precious Metal Scraps were Germany ($1.4B), Italy ($302M), United Arab Emirates ($37.9M), Netherlands ($15.3M), and United Kingdom ($8.97M).

In 2023, Belgium imported $789M in Precious Metal Scraps, mainly from Germany ($201M), South Africa ($149M), United States ($149M), Ghana ($30.6M), and Turkey ($26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Germany$676M (93.9%)
Italy$186M (160%)
United Arab Emirates$36.1M (2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Belgium WERE (2022 - 2023):
Switzerland-$119M (-96.7%)
United Kingdom-$12M (-57.3%)
France-$3.99M (-93%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Precious Metal Scraps were:
United States $5.44B
Indonesia $3.45B
In 2023, Belgium's main importing competitors in Precious Metal Scraps were:
Germany $4.72B
Canada $3.77B
Switzerland $3.16B

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $120M
TOP IMPORT POTENTIALNetherlands+ $41M

Precious Metal Scraps’s highest export potential is Germany. With an export gap of $120M.   Precious Metal Scraps’s highest import potential is Netherlands with an import gap of $41M.

See methodology.

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