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2023
Exports $3.65MWorld Rnk 36 / 90
Flag Rnk 991 / 1216
2023
Destination $525k Italy
2022 - 2023
FASTEST GROWING MARKET $525kLithuania
2023
PRODUCT COMPLEXITY IN Steel Bars0.38Rnk 420 / 1025
2023
Imports $17MWorld Rnk 37 / 166
Flag Rnk 826 / 1213
2023
Origin $355k United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $355kFrance
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $3.65M in Steel Bars, making it the 36th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 991st most exported product in Belgium. The main destination of Steel Bars exports from Belgium are: Italy ($1.37M), Netherlands ($915k), Lithuania ($525k), Germany ($327k), and Senegal ($151k).

The fastest growing export markets for Steel Bars of Belgium between 2022 and 2023 were Lithuania ($525k), Senegal ($151k), and Gabon ($108k).

Imports In 2023, Belgium imported $17M in Steel Bars, becoming the 37th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 826th most imported product in Belgium. Belgium imports Steel Bars primarily from: United Kingdom ($6.71M), Germany ($4.79M), Poland ($2.11M), Japan ($2.09M), and France ($1.22M).

The fastest growing import markets in Steel Bars for Belgium between 2022 and 2023 were France ($355k), Switzerland ($27.3k), and Italy ($16.7k).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Steel Bars exports accounted up to €17.8k and imports accounted up to €881k, resulting in a negative trade balance of €864k. Between October 2023 and October 2024 the exports of Belgium's   Steel Bars have decreased by €-128k (-87.8%) from €146k to €17.8k, while imports increased by €297k (50.8%) from €585k to €881k.

Destinations In October 2024, Steel Bars were exported mostly to , and were imported mostly from United Kingdom (€552k), Poland (€181k), Germany (€149k), and Italy (€101).

Growth In October 2024, the decrease in Steel Bars's year-by-year exports was explained primarily by a decrease in exports to France (€-18.8k or -92.3%). In November 2024, the increase in Steel Bars's year-by-year imports was explained primarily by an increase in imports from Germany (€940k or 461%), Poland (€310k or 122%), and Japan (€141k or 16.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-128k(-87.8%)
IMPORT GROWTH (November 2023 - November 2024)€297k(50.8%)
MAIN DESTINATION (October 2024)

This section shows Steel Bars'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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.65M
IMPORTS (2023)$17M
NET TRADE (2023)-$13.4M

In 2023, Belgium exported $3.65M in Steel Bars. The main destinations of Belgium exports on Steel Bars were Italy ($1.37M), Netherlands ($915k), Lithuania ($525k), Germany ($327k), and Senegal ($151k).

In 2023, Belgium imported $17M in Steel Bars, mainly from United Kingdom ($6.71M), Germany ($4.79M), Poland ($2.11M), Japan ($2.09M), and France ($1.22M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Lithuania$525k (1%)
Senegal$151k (1%)
Gabon$108k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Belgium WERE (2022 - 2023):
Slovakia-$12.5M (-99.5%)
France-$3.5M (-99.1%)
Italy-$1.4M (-50.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Steel Bars were:
China $852M
Japan $646M
Germany $440M
In 2023, Belgium's main importing competitors in Steel Bars were:
United States $583M
Thailand $378M
Germany $368M

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.43M
TOP IMPORT POTENTIALGermany+ $2.04M

Steel Bars’s highest export potential is France. With an export gap of $2.43M.   Steel Bars’s highest import potential is Germany with an import gap of $2.04M.

See methodology.

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