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2022
Exports $214MWorld Rnk 26 / 162
Flag Rnk 287 / 1213
2022
Destination $33.1M Netherlands
2021 - 2022
FASTEST GROWING MARKET $33.1MNetherlands
2022
PRODUCT COMPLEXITY IN Raw Iron Bars-1.3Rnk 911 / 1025
2022
Imports $513MWorld Rnk 11 / 217
Flag Rnk 185 / 1214
2022
Origin $52.5M France
2021 - 2022
FASTEST GROWING ORIGIN $52.5MChina
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $214M in Raw Iron Bars, making it the 26th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 287th most exported product in Belgium. The main destination of Raw Iron Bars exports from Belgium are: Netherlands ($97.8M), Germany ($46.7M), France ($35.5M), Italy ($13.4M), and Austria ($2.5M).

The fastest growing export markets for Raw Iron Bars of Belgium between 2021 and 2022 were Netherlands ($33.1M), Germany ($11.5M), and Italy ($8.57M).

Imports In 2022, Belgium imported $513M in Raw Iron Bars, becoming the 11th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 185th most imported product in Belgium. Belgium imports Raw Iron Bars primarily from: France ($159M), China ($89.9M), Algeria ($66.2M), Russia ($28.8M), and Germany ($27.7M).

The fastest growing import markets in Raw Iron Bars for Belgium between 2021 and 2022 were China ($52.5M), Algeria ($50.8M), and France ($28.5M).

COMPANIES In 2023, leading companies such as Danfoss (1) were at the forefront of shipping Raw Iron Bars from Belgium to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Raw Iron Bars exports accounted up to €2.65M and imports accounted up to €9.07M, resulting in a negative trade balance of €6.42M. Between September 2023 and September 2024 the exports of Belgium's   Raw Iron Bars have decreased by €-9.34M (-77.9%) from €12M to €2.65M, while imports decreased by €-12.4M (-57.8%) from €21.5M to €9.07M.

Destinations In September 2024, Raw Iron Bars were exported mostly to France (€1.48M), Germany (€634k), United Kingdom (€177k), Czechia (€76.8k), and Finland (€54.8k), and were imported mostly from France (€4.84M), Germany (€1.75M), China (€1.73M), Italy (€531k), and Spain (€194k).

Growth In September 2024, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-2.32M or -32.5%), United Kingdom (€-246k or -72.6%), and Austria (€-167k or -84.1%). In September 2024, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from France (€-7.13M or -59.6%), China (€-3.15M or -73.1%), and India (€-603k or -99.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-9.34M(-77.9%)
IMPORT GROWTH (September 2023 - September 2024)€-12.4M(-57.8%)
MAIN DESTINATION (September 2024)France€1.48M

This section shows Raw Iron 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 Raw Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$214M
IMPORTS (2022)$513M
NET TRADE (2022)-$298M

In 2022, Belgium exported $214M in Raw Iron Bars. The main destinations of Belgium exports on Raw Iron Bars were Netherlands ($97.8M), Germany ($46.7M), France ($35.5M), Italy ($13.4M), and Austria ($2.5M).

In 2022, Belgium imported $513M in Raw Iron Bars, mainly from France ($159M), China ($89.9M), Algeria ($66.2M), Russia ($28.8M), and Germany ($27.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$33.1M (51.1%)
Germany$11.5M (32.5%)
Italy$8.57M (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Belgium WERE (2021 - 2022):
United Kingdom-$2.41M (-65.6%)
Benin-$1.13M (-69%)
Egypt-$728k (-78.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Malaysia $1.83B
Italy $1.71B
In 2022, Belgium's main importing competitors in Raw Iron Bars were:
Hong Kong $1.93B
Germany $1.72B
United States $1.58B

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $30.5M
TOP IMPORT POTENTIALGermany+ $19.8M

Raw Iron Bars’s highest export potential is Germany. With an export gap of $30.5M.   Raw Iron Bars’s highest import potential is Germany with an import gap of $19.8M.

See methodology.

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