2022
Exports
$22.7MWorld Rnk 25 / 91
Flag Rnk 719 / 1213
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$46.6MWorld Rnk 19 / 163
Flag Rnk 674 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $22.7M in Steel Ingots, making it the 25th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 719th most exported product in Belgium. The main destination of Steel Ingots exports from Belgium are: France ($15.8M), Germany ($4.78M), Italy ($984k), Egypt ($242k), and Spain ($206k).

The fastest growing export markets for Steel Ingots of Belgium between 2021 and 2022 were Germany ($4.13M), France ($2.46M), and Italy ($641k).

Imports In 2022, Belgium imported $46.6M in Steel Ingots, becoming the 19th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 674th most imported product in Belgium. Belgium imports Steel Ingots primarily from: Russia ($13M), Germany ($9.89M), France ($6.6M), Turkey ($3.18M), and Czechia ($2.53M).

The fastest growing import markets in Steel Ingots for Belgium between 2021 and 2022 were Germany ($4.83M), Czechia ($1.44M), and Brazil ($1.22M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Steel Ingots. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.7M
IMPORTS (2022)$46.6M
NET TRADE (2022)-$23.9M

In 2022, Belgium exported $22.7M in Steel Ingots. The main destinations of Belgium exports on Steel Ingots were France ($15.8M), Germany ($4.78M), Italy ($984k), Egypt ($242k), and Spain ($206k).

In 2022, Belgium imported $46.6M in Steel Ingots, mainly from Russia ($13M), Germany ($9.89M), France ($6.6M), Turkey ($3.18M), and Czechia ($2.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$4.13M (633%)
France$2.46M (18.4%)
Italy$641k (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Belgium WERE (2021 - 2022):
China-$619k (-100%)
India-$474k (-74.8%)
Netherlands-$260k (-91.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belgium's main exporting competitors in Steel Ingots were:
In 2022, Belgium's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.53M
TOP IMPORT POTENTIALGermany+ $4.53M

Steel Ingots’s highest export potential is Germany. With an export gap of $5.53M.   Steel Ingots’s highest import potential is Germany with an import gap of $4.53M.

See methodology.

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