Refined Copper in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $1.57B in Refined Copper, making it the 17th 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 ($908M), France ($250M), United Kingdom ($131M), China ($118M), and Finland ($72.8M).

The fastest growing export markets for Refined Copper of Belgium between 2021 and 2022 were France ($85.4M), Germany ($24.9M), and Finland ($15.4M).

Imports In 2022, Belgium imported $163M in Refined Copper, becoming the 34th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 400th most imported product in Belgium. Belgium imports Refined Copper primarily from: Germany ($62.6M), Netherlands ($55M), France ($9.13M), Sweden ($5.15M), and India ($4.34M).

The fastest growing import markets in Refined Copper for Belgium between 2021 and 2022 were Netherlands ($45.5M), India ($3.7M), and Poland ($2.78M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Copper from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Refined Copper exports accounted up to €92.2M and imports accounted up to €16.1M, resulting in a positive trade balance of €76.1M. Between December 2022 and December 2023 the exports of Belgium's Refined Copper have increased by €25.7M (38.7%) from €66.5M to €92.2M, while imports decreased by €-53.8M (-77%) from €69.9M to €16.1M.

Destinations In December 2023, Refined Copper were exported mostly to Germany (€56M), France (€16.5M), Finland (€13.8M), United Kingdom (€4.13M), and Sweden (€852k), and were imported mostly from Germany (€8.69M), Democratic Republic of the Congo (€3.95M), Kazakhstan (€1.46M), France (€824k), and United States (€525k).

Growth In December 2023, 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 December 2023, the decrease in Refined Copper's year-by-year imports was explained primarily by a decrease in imports from Germany (€-33.1M or -94.9%), South Africa (€-433k or -53.6%), and Netherlands (€-260k or -83.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€25.7M(38.7%)

IMPORT GROWTH (December 2022 - December 2023)€-53.8M(-77%)

MAIN DESTINATION (December 2023)Germany€56M

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.57B

IMPORTS (2022)$163M

NET TRADE (2022)$1.41B

In 2022, Belgium exported $1.57B in Refined Copper. The main destinations of Belgium exports on Refined Copper were Germany ($908M), France ($250M), United Kingdom ($131M), China ($118M), and Finland ($72.8M).

In 2022, Belgium imported $163M in Refined Copper, mainly from Germany ($62.6M), Netherlands ($55M), France ($9.13M), Sweden ($5.15M), and India ($4.34M).

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