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2022
Exports $111MWorld Rnk 12 / 79
Flag Rnk 419 / 1213
2022
Destination $50M Germany
2021 - 2022
FASTEST GROWING MARKET $50MGermany
2022
PRODUCT COMPLEXITY IN Titanium Ore-1.88Rnk 987 / 1025
2022
Imports $306MWorld Rnk 4 / 93
Flag Rnk 276 / 1214
2022
Origin $86.6M South Africa
2021 - 2022
FASTEST GROWING ORIGIN $86.6MSouth Africa
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $111M in Titanium Ore, making it the 12th largest exporter of Titanium Ore in the world. At the same year, Titanium Ore was the 419th most exported product in Belgium. The main destination of Titanium Ore exports from Belgium are: Germany ($83.2M), Canada ($16.2M), Netherlands ($9.19M), United States ($2.18M), and India ($149k).

The fastest growing export markets for Titanium Ore of Belgium between 2021 and 2022 were Germany ($50M), Netherlands ($8.34M), and Canada ($7.76M).

Imports In 2018, Belgium imported $306M in Titanium Ore, becoming the 4th largest importer of Titanium Ore in the world. At the same year, Titanium Ore was the 276th most imported product in Belgium. Belgium imports Titanium Ore primarily from: South Africa ($120M), Sierra Leone ($96.1M), Norway ($33.6M), Kenya ($28.6M), and Australia ($13.2M).

The fastest growing import markets in Titanium Ore for Belgium between 2021 and 2022 were South Africa ($86.6M), Kenya ($27.1M), and Norway ($23.6M).

Latest Trends

March 2024

About

Overview In March 2024 Belgium's Titanium Ore exports accounted up to €568 and imports accounted up to €5.16M, resulting in a negative trade balance of €5.16M. Between July 2022 and March 2024 the exports of Belgium's   Titanium Ore have decreased by €-9.99M (-100%) from €9.99M to €568, while imports increased by €1.34M (35%) from €3.83M to €5.16M.

Destinations In March 2024, Titanium Ore were exported mostly to , and were imported mostly from Australia (€5.16M).

Growth In March 2024, the decrease in Titanium Ore's year-by-year exports was explained primarily by a decrease in exports to . In May 2024, the increase in Titanium Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2022 - March 2024)€-9.99M(-100%)
IMPORT GROWTH (April 2023 - May 2024)€1.34M(35%)
MAIN DESTINATION (March 2024)

This section shows Titanium Ore'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 Titanium Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$111M
IMPORTS (2022)$306M
NET TRADE (2022)-$195M

In 2022, Belgium exported $111M in Titanium Ore. The main destinations of Belgium exports on Titanium Ore were Germany ($83.2M), Canada ($16.2M), Netherlands ($9.19M), United States ($2.18M), and India ($149k).

In 2022, Belgium imported $306M in Titanium Ore, mainly from South Africa ($120M), Sierra Leone ($96.1M), Norway ($33.6M), Kenya ($28.6M), and Australia ($13.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Titanium Ore EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$50M (151%)
Netherlands$8.34M (985%)
Canada$7.76M (91.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Titanium Ore BY Belgium WERE (2021 - 2022):
Austria-$35.6k (-100%)
Italy-$8.72k (-100%)
Brazil-$4.32k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Titanium Ore were:
South Africa $656M
Mozambique $368M
Kenya $290M
In 2022, Belgium's main importing competitors in Titanium Ore were:
China $557M
United States $525M
Japan $388M

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Trade Value of Titanium Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $3.32M
TOP IMPORT POTENTIALUnited States+ $938k

Titanium Ore’s highest export potential is Netherlands. With an export gap of $3.32M.   Titanium Ore’s highest import potential is United States with an import gap of $938k.

See methodology.

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