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2022
Exports $14MWorld Rnk 24 / 126
Flag Rnk 821 / 1213
2022
Destination $640k China
2021 - 2022
FASTEST GROWING MARKET $640kChina
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire1.38Rnk 74 / 1025
2022
Imports $42.9MWorld Rnk 23 / 202
Flag Rnk 691 / 1214
2022
Origin $3.2M China
2021 - 2022
FASTEST GROWING ORIGIN $3.2MIndia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $14M in Stainless Steel Wire, making it the 24th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 821st most exported product in Belgium. The main destination of Stainless Steel Wire exports from Belgium are: China ($8.14M), Japan ($2.04M), France ($1.08M), United States ($951k), and Netherlands ($468k).

The fastest growing export markets for Stainless Steel Wire of Belgium between 2021 and 2022 were China ($640k), Germany ($111k), and France ($101k).

Imports In 2022, Belgium imported $42.9M in Stainless Steel Wire, becoming the 23rd largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 691st most imported product in Belgium. Belgium imports Stainless Steel Wire primarily from: China ($9.63M), Netherlands ($9.11M), India ($4.86M), Germany ($4.06M), and Philippines ($3.65M).

The fastest growing import markets in Stainless Steel Wire for Belgium between 2021 and 2022 were India ($3.2M), Philippines ($2.56M), and China ($1.96M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Stainless Steel Wire exports accounted up to €508k and imports accounted up to €251k, resulting in a positive trade balance of €257k. Between May 2023 and May 2024 the exports of Belgium's   Stainless Steel Wire have decreased by €-1.23M (-70.7%) from €1.73M to €508k, while imports decreased by €-1.59M (-86.4%) from €1.84M to €251k.

Destinations In May 2024, Stainless Steel Wire were exported mostly to China (€507k), Bosnia and Herzegovina (€375), United Arab Emirates (€305), Austria (€31), and Switzerland (€15), and were imported mostly from China (€238k) and Switzerland (€12.5k).

Growth In May 2024, the decrease in Stainless Steel Wire's year-by-year exports was explained primarily by a decrease in exports to China (€-301k or -37.4%), Japan (€-179k or -90.4%), and United States (€-135k or -84.4%). In May 2024, the decrease in Stainless Steel Wire's year-by-year imports was explained primarily by a decrease in imports from China (€-1.3M or -93.5%), Germany (€-291k or -50%), and France (€-186k or -96.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-1.23M(-70.7%)
IMPORT GROWTH (May 2023 - May 2024)€-1.59M(-86.4%)
MAIN DESTINATION (May 2024)China€507k

This section shows Stainless Steel Wire'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 Stainless Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14M
IMPORTS (2022)$42.9M
NET TRADE (2022)-$28.9M

In 2022, Belgium exported $14M in Stainless Steel Wire. The main destinations of Belgium exports on Stainless Steel Wire were China ($8.14M), Japan ($2.04M), France ($1.08M), United States ($951k), and Netherlands ($468k).

In 2022, Belgium imported $42.9M in Stainless Steel Wire, mainly from China ($9.63M), Netherlands ($9.11M), India ($4.86M), Germany ($4.06M), and Philippines ($3.65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
China$640k (8.54%)
Germany$111k (197%)
France$101k (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY Belgium WERE (2021 - 2022):
Sri Lanka-$915k (-100%)
Netherlands-$897k (-65.7%)
Japan-$723k (-26.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Stainless Steel Wire were:
India $526M
China $429M
South Korea $291M
In 2022, Belgium's main importing competitors in Stainless Steel Wire were:
Germany $435M
United States $345M
Italy $226M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.41M
TOP IMPORT POTENTIALGermany+ $2.89M

Stainless Steel Wire’s highest export potential is France. With an export gap of $1.41M.   Stainless Steel Wire’s highest import potential is Germany with an import gap of $2.89M.

See methodology.

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