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2022
Exports $4.35BWorld Rnk 14 / 218
Flag Rnk 17 / 96
2022
Destination $159M Germany
2021 - 2022
FASTEST GROWING MARKET $159MFrance
2022
PRODUCT COMPLEXITY IN Copper articles1.39Rnk 71 / 1025
2022
Imports $3.77BWorld Rnk 15 / 225
Flag Rnk 24 / 96
2022
Origin $120M Germany
2021 - 2022
FASTEST GROWING ORIGIN $120MUnited States
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $4.35B in Copper articles, making it the 14th largest exporter of Copper articles in the world. At the same year, Copper articles was the 17th most exported product in Belgium. The main destination of Copper articles exports from Belgium are: Germany ($1.28B), France ($643M), United Kingdom ($420M), Morocco ($378M), and Netherlands ($281M).

The fastest growing export markets for Copper articles of Belgium between 2021 and 2022 were France ($159M), Morocco ($141M), and Portugal ($38.7M).

Imports In 2022, Belgium imported $3.77B in Copper articles, becoming the 15th largest importer of Copper articles in the world. At the same year, Copper articles was the 24th most imported product in Belgium. Belgium imports Copper articles primarily from: Germany ($748M), France ($616M), Bulgaria ($574M), United States ($334M), and Spain ($298M).

The fastest growing import markets in Copper articles for Belgium between 2021 and 2022 were United States ($120M), Brazil ($74.4M), and Zambia ($42.8M).

COMPANIES In 2023, leading companies such as TE Connectivity (11), Goodyear Tire and Rubber (7), and ABB Motors and Mechanical (1) were at the forefront of shipping Copper articles from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Copper articles exports accounted up to €15.8M and imports accounted up to €12.4M, resulting in a positive trade balance of €3.37M. Between May 2023 and May 2024 the exports of Belgium's   Copper articles have decreased by €-322M (-95.3%) from €337M to €15.8M, while imports decreased by €-304M (-96.1%) from €316M to €12.4M.

Destinations In May 2024, Copper articles were exported mostly to China (€7.5M), Switzerland (€5.2M), Austria (€1.04M), Cote d'Ivoire (€1.03M), and Australia (€494k), and were imported mostly from Bulgaria (€3.14M), Czechia (€1.8M), Canada (€1.48M), Austria (€1.46M), and China (€1.43M).

Growth In May 2024, the decrease in Copper articles's year-by-year exports was explained primarily by a decrease in exports to China (€-58M or -91.5%), Germany (€-47.2M or -38.7%), and Netherlands (€-9.23M or -34.4%). In May 2024, the decrease in Copper articles's year-by-year imports was explained primarily by a decrease in imports from Germany (€-46M or -38.7%), Italy (€-12M or -64%), and Paraguay (€-3.42M or -86.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-322M(-95.3%)
IMPORT GROWTH (May 2023 - May 2024)€-304M(-96.1%)
MAIN DESTINATION (May 2024)China€7.5M

This section shows Copper articles'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 Copper articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.35B
IMPORTS (2022)$3.77B
NET TRADE (2022)$574M

In 2022, Belgium exported $4.35B in Copper articles. The main destinations of Belgium exports on Copper articles were Germany ($1.28B), France ($643M), United Kingdom ($420M), Morocco ($378M), and Netherlands ($281M).

In 2022, Belgium imported $3.77B in Copper articles, mainly from Germany ($748M), France ($616M), Bulgaria ($574M), United States ($334M), and Spain ($298M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper articles EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$159M (32.7%)
Morocco$141M (59.2%)
Portugal$38.7M (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper articles BY Belgium WERE (2021 - 2022):
Italy-$243M (-61.1%)
China-$120M (-40.4%)
United Kingdom-$65.4M (-13.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Copper articles were:
Chile $22B
Democratic Republic of the Congo $17.9B
Germany $16B
In 2022, Belgium's main importing competitors in Copper articles were:
China $58B
Germany $15.2B
United States $14.7B

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Trade Value of Copper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $252M
TOP IMPORT POTENTIALGermany+ $160M

Copper articles’s highest export potential is Germany. With an export gap of $252M.   Copper articles’s highest import potential is Germany with an import gap of $160M.

See methodology.

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