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2022
Exports $526MWorld Rnk 17 / 144
Flag Rnk 136 / 1213
2022
Destination $23.3M Germany
2021 - 2022
FASTEST GROWING MARKET $23.3MGermany
2022
PRODUCT COMPLEXITY IN Silver-0.98Rnk 832 / 1025
2022
Imports $88.2MWorld Rnk 26 / 182
Flag Rnk 542 / 1214
2022
Origin $4.08M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $4.08MUnited States
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $526M in Silver, making it the 17th largest exporter of Silver in the world. At the same year, Silver was the 136th most exported product in Belgium. The main destination of Silver exports from Belgium are: Germany ($434M), Canada ($19.5M), United States ($17.2M), Netherlands ($13.9M), and France ($7.54M).

The fastest growing export markets for Silver of Belgium between 2021 and 2022 were Germany ($23.3M), Canada ($18M), and Netherlands ($9.36M).

Imports In 2022, Belgium imported $88.2M in Silver, becoming the 26th largest importer of Silver in the world. At the same year, Silver was the 542nd most imported product in Belgium. Belgium imports Silver primarily from: United Kingdom ($49.8M), Netherlands ($10.9M), United States ($10.4M), Japan ($4.33M), and Germany ($4.14M).

The fastest growing import markets in Silver for Belgium between 2021 and 2022 were United States ($4.08M), Netherlands ($4.02M), and Japan ($3.04M).

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Silver exports accounted up to €47M and imports accounted up to €2.59M, resulting in a positive trade balance of €44.4M. Between September 2023 and September 2024 the exports of Belgium's   Silver have increased by €24.9M (113%) from €22.1M to €47M, while imports decreased by €-1.29M (-33.4%) from €3.88M to €2.59M.

Destinations In September 2024, Silver were exported mostly to Germany (€40.9M), France (€3.16M), Netherlands (€2.07M), Israel (€698k), and Switzerland (€109k), and were imported mostly from Germany (€1.66M), Japan (€420k), Italy (€312k), Portugal (€101k), and France (€72.3k).

Growth In September 2024, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to Israel (€325k or 102%), Luxembourg (€42.4k or 408%), and Italy (€7.6k or 161%). In September 2024, the decrease in Silver's year-by-year imports was explained primarily by a decrease in imports from United States (€-124k or -69.9%) and Italy (€-1.9k or -50.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€24.9M(113%)
IMPORT GROWTH (September 2023 - September 2024)€-1.29M(-33.4%)
MAIN DESTINATION (September 2024)Germany€40.9M

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$526M
IMPORTS (2022)$88.2M
NET TRADE (2022)$438M

In 2022, Belgium exported $526M in Silver. The main destinations of Belgium exports on Silver were Germany ($434M), Canada ($19.5M), United States ($17.2M), Netherlands ($13.9M), and France ($7.54M).

In 2022, Belgium imported $88.2M in Silver, mainly from United Kingdom ($49.8M), Netherlands ($10.9M), United States ($10.4M), Japan ($4.33M), and Germany ($4.14M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$23.3M (5.69%)
Canada$18M (1.24k%)
Netherlands$9.36M (206%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Belgium WERE (2021 - 2022):
Thailand-$98.6M (-93.4%)
Turkey-$13.8M (-80.2%)
India-$10.2M (-61.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Silver were:
China $3.75B
United Kingdom $3.2B
Mexico $2.49B
In 2022, Belgium's main importing competitors in Silver were:
United States $5.81B
Canada $3.77B
Hong Kong $2.95B

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24M
TOP IMPORT POTENTIALGermany+ $6.31M

Silver’s highest export potential is United States. With an export gap of $24M.   Silver’s highest import potential is Germany with an import gap of $6.31M.

See methodology.

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