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2022
Exports $746kWorld Rnk 30 / 65
Flag Rnk 1116 / 1213
2022
Destination $246k Vietnam
2021 - 2022
FASTEST GROWING MARKET $246kChina
2022
Imports $1.61MWorld Rnk 13 / 65
Flag Rnk 1130 / 1214
2022
Origin $415k Rwanda
2021 - 2022
FASTEST GROWING ORIGIN $415kPortugal
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $746k in Tungsten Ore, making it the 30th largest exporter of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1116th most exported product in Belgium. The main destination of Tungsten Ore exports from Belgium are: Vietnam ($285k), China ($246k), India ($208k), Israel ($4.16k), and South Korea ($2.58k).

The fastest growing export markets for Tungsten Ore of Belgium between 2021 and 2022 were China ($246k), India ($189k), and Israel ($4.16k).

Imports In 2022, Belgium imported $1.61M in Tungsten Ore, becoming the 13th largest importer of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1130th most imported product in Belgium. Belgium imports Tungsten Ore primarily from: Rwanda ($1.18M), Portugal ($415k), United States ($10.5k), France ($1.04k), and Netherlands ($199).

The fastest growing import markets in Tungsten Ore for Belgium between 2021 and 2022 were Portugal ($415k), United States ($1.52k), and France ($1.04k).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Tungsten Ore exports accounted up to €156k and imports accounted up to €3.26k, resulting in a positive trade balance of €153k. Between June 2022 and July 2024 the exports of Belgium's   Tungsten Ore have increased by €43k (38.1%) from €113k to €156k, while imports increased by €3.09k (1.9k%) from €163 to €3.26k.

Destinations In July 2024, Tungsten Ore were exported mostly to , and were imported mostly from .

Growth In July 2024, the increase in Tungsten Ore's year-by-year exports was explained primarily by an increase in exports to India (€8.94k or 217%). In July 2024, the increase in Tungsten Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2022 - July 2024)€43k(38.1%)
IMPORT GROWTH (May 2016 - July 2024)€3.09k(1.9k%)
MAIN DESTINATION (July 2024)

This section shows Tungsten 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 Tungsten Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$746k
IMPORTS (2022)$1.61M
NET TRADE (2022)-$861k

In 2022, Belgium exported $746k in Tungsten Ore. The main destinations of Belgium exports on Tungsten Ore were Vietnam ($285k), China ($246k), India ($208k), Israel ($4.16k), and South Korea ($2.58k).

In 2022, Belgium imported $1.61M in Tungsten Ore, mainly from Rwanda ($1.18M), Portugal ($415k), United States ($10.5k), France ($1.04k), and Netherlands ($199).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
China$246k (1%)
India$189k (989%)
Israel$4.16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY Belgium WERE (2021 - 2022):
Vietnam-$324k (-53.2%)
Russia-$169k (-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 Tungsten Ore were:
Rwanda $52.7M
Spain $40.7M
North Korea $30.9M
In 2022, Belgium's main importing competitors in Tungsten Ore were:
China $60.3M
United States $48.2M
Austria $41.4M

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Trade Value of Tungsten Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $89.9k
TOP IMPORT POTENTIALUnited States+ $7.39k

Tungsten Ore’s highest export potential is China. With an export gap of $89.9k.   Tungsten Ore’s highest import potential is United States with an import gap of $7.39k.

See methodology.

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