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2022
Exports $952MWorld Rnk 7 / 177
Flag Rnk 79 / 1213
falsefalse Germany
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $1.02BWorld Rnk 9 / 118
Flag Rnk 82 / 1214
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $952M in Precious Metal Scraps, making it the 7th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 79th most exported product in Belgium. The main destination of Precious Metal Scraps exports from Belgium are: Germany ($650M), Switzerland ($134M), Italy ($116M), United Kingdom ($15.4M), and United Arab Emirates ($10.3M).

Imports In 2022, Belgium imported $1.02B in Precious Metal Scraps, becoming the 9th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 82nd most imported product in Belgium. Belgium imports Precious Metal Scraps primarily from: United States ($226M), South Africa ($218M), Germany ($175M), Turkey ($51.6M), and Spain ($45.2M).

The fastest growing import markets in Precious Metal Scraps for Belgium between 2021 and 2022 were Malaysia ($23.4M), Italy ($21.3M), and Spain ($19.8M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Precious Metal Scraps exports accounted up to €3.97M and imports accounted up to €27.1M, resulting in a negative trade balance of €23.1M. Between May 2023 and May 2024 the exports of Belgium's   Precious Metal Scraps have decreased by €-95.3M (-96%) from €99.2M to €3.97M, while imports decreased by €-98.7M (-78.4%) from €126M to €27.1M.

Destinations In May 2024, Precious Metal Scraps were exported mostly to Switzerland (€3.88M), Australia (€54.6k), Canada (€41.2k), and Colombia (€10), and were imported mostly from Switzerland (€10.4M), Argentina (€7.48M), Australia (€1.95M), China (€1.74M), and Canada (€1.39M).

Growth In May 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to United States (€-1.98M or -100%) and United Kingdom (€-1.45M or -39.3%). In May 2024, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from Germany (€-62.8M or -92.8%), Chinese Taipei (€-24M or -96.3%), and South Africa (€-23.1M or -35.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-95.3M(-96%)
IMPORT GROWTH (May 2023 - May 2024)€-98.7M(-78.4%)
MAIN DESTINATION (May 2024)Switzerland€3.88M

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 (2022)$952M
IMPORTS (2022)$1.02B
NET TRADE (2022)-$72.2M

In 2022, Belgium exported $952M in Precious Metal Scraps. The main destinations of Belgium exports on Precious Metal Scraps were Germany ($650M), Switzerland ($134M), Italy ($116M), United Kingdom ($15.4M), and United Arab Emirates ($10.3M).

In 2022, Belgium imported $1.02B in Precious Metal Scraps, mainly from United States ($226M), South Africa ($218M), Germany ($175M), Turkey ($51.6M), and Spain ($45.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belgium's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, Belgium's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Canada $3.02B
Japan $2.87B

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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.

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