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2022
Exports $1.57BWorld Rnk 17 / 140
Flag Rnk 44 / 1213
2022
Destination $85.4M Germany
2021 - 2022
FASTEST GROWING MARKET $85.4MFrance
2022
PRODUCT COMPLEXITY IN Refined Copper-1.43Rnk 938 / 1025
2022
Imports $163MWorld Rnk 34 / 184
Flag Rnk 400 / 1214
2022
Origin $45.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $45.5MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

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).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Refined Copper exports accounted up to €141M and imports accounted up to €38.7M, resulting in a positive trade balance of €103M. Between August 2023 and August 2024 the exports of Belgium's   Refined Copper have increased by €25.6M (22.1%) from €116M to €141M, while imports increased by €1.45M (3.88%) from €37.3M to €38.7M.

Destinations In August 2024, Refined Copper were exported mostly to Germany (€99.7M), France (€24.9M), United Kingdom (€9.64M), Greece (€2.37M), and Spain (€1.36M), and were imported mostly from Democratic Republic of the Congo (€31M), Netherlands (€4.55M), South Africa (€1.73M), Germany (€889k), and United States (€403k).

Growth In August 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 August 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 (August 2023 - August 2024)€25.6M(22.1%)
IMPORT GROWTH (August 2023 - August 2024)€1.45M(3.88%)
MAIN DESTINATION (August 2024)Germany€99.7M

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 (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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$85.4M (51.9%)
Germany$24.9M (2.81%)
Finland$15.4M (26.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Belgium WERE (2021 - 2022):
Italy-$179M (-77.3%)
China-$71.1M (-37.6%)
United Kingdom-$26.3M (-16.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Refined Copper were:
Chile $18.4B
Democratic Republic of the Congo $16.3B
Russia $6.58B
In 2022, Belgium's main importing competitors in Refined Copper were:
China $34.7B
United States $6.16B
Germany $5.77B

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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.

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