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2023
Exports $1.6BWorld Rnk 16 / 147
Flag Rnk 44 / 1216
2023
Destination $94.4M Germany
2022 - 2023
FASTEST GROWING MARKET $94.4MFinland
2023
PRODUCT COMPLEXITY IN Refined Copper-1.41Rnk 931 / 1025
2023
Imports $436MWorld Rnk 25 / 184
Flag Rnk 170 / 1213
2023
Origin $156M Germany
2022 - 2023
FASTEST GROWING ORIGIN $156MNamibia
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $1.6B in Refined Copper, making it the 16th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 44th most exported product in Belgium. The main destination of Refined Copper exports from Belgium are: Germany ($765M), France ($306M), Finland ($173M), United Kingdom ($116M), and Italy ($54.5M).

The fastest growing export markets for Refined Copper of Belgium between 2022 and 2023 were Finland ($94.4M), Spain ($42M), and Saudi Arabia ($25.3M).

Imports In 2023, Belgium imported $436M in Refined Copper, becoming the 25th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 170th most imported product in Belgium. Belgium imports Refined Copper primarily from: Germany ($191M), Namibia ($156M), Netherlands ($29.5M), Democratic Republic of the Congo ($12M), and France ($11.7M).

The fastest growing import markets in Refined Copper for Belgium between 2022 and 2023 were Namibia ($156M), Democratic Republic of the Congo ($12M), and South Africa ($4.16M).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Refined Copper exports accounted up to €88.1M and imports accounted up to €22.2M, resulting in a positive trade balance of €66M. Between November 2023 and November 2024 the exports of Belgium's   Refined Copper have increased by €60M (214%) from €28.1M to €88.1M, while imports increased by €16.4M (288%) from €5.71M to €22.2M.

Destinations In November 2024, Refined Copper were exported mostly to Germany (€45.5M), France (€16.9M), Finland (€8.15M), United Kingdom (€7.73M), and China (€4.5M), and were imported mostly from Netherlands (€12.4M), Germany (€3.22M), Democratic Republic of the Congo (€2.53M), Poland (€1.73M), and United States (€478k).

Growth In November 2024, the increase in Refined Copper's year-by-year exports was explained primarily by an increase in exports to France (€20.6M or 505%), Italy (€7.28M or 461%), and Spain (€50.1k or 218k%). In November 2024, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from United States (€1.68M or 8.25k%), Finland (€237k or 91.3%), and Poland (€154k or 145%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€60M(214%)
IMPORT GROWTH (November 2023 - November 2024)€16.4M(288%)
MAIN DESTINATION (November 2024)Germany€45.5M

This section shows Refined Copper'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 Refined Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.6B
IMPORTS (2023)$436M
NET TRADE (2023)$1.17B

In 2023, Belgium exported $1.6B in Refined Copper. The main destinations of Belgium exports on Refined Copper were Germany ($765M), France ($306M), Finland ($173M), United Kingdom ($116M), and Italy ($54.5M).

In 2023, Belgium imported $436M in Refined Copper, mainly from Germany ($191M), Namibia ($156M), Netherlands ($29.5M), Democratic Republic of the Congo ($12M), and France ($11.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Finland$94.4M (120%)
Spain$42M (3.39k%)
Saudi Arabia$25.3M (155k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Belgium WERE (2022 - 2023):
Germany-$163M (-17.6%)
China-$93.7M (-65.7%)
United Kingdom-$15.4M (-11.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Refined Copper were:
Chile $17.1B
Democratic Republic of the Congo $11.8B
Japan $6.42B
In 2023, Belgium's main importing competitors in Refined Copper were:
China $32B
United States $6.91B
Italy $5.3B

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $99.1M
TOP IMPORT POTENTIALGermany+ $16.7M

Refined Copper’s highest export potential is China. With an export gap of $99.1M.   Refined Copper’s highest import potential is Germany with an import gap of $16.7M.

See methodology.

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