Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Belgium | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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The value of exports of commodity group 72 "Iron and steel" from Belgium totalled $ 15.4 billion in 2023. Sales of commodity group 72 from Belgium decreased by 13.6% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 2.43 billion (cumulative exports of commodity group 72 from Belgium amounted $17.8 billion in 2022)

Exports of commodity group 72 "Iron and steel" amounted to 3.92% of total exports from Belgium (cumulative merchandise exports from Belgium totalled $ 393 billion in 2023). The share of commodity group 72 in total exports from Belgium increased by 0.071 p.p. compared to 2022 (it was 3.85% in 2022 and cumulative exports from Belgium were equal to $ 463 billion).

Where does Belgium export Iron and steel?

Top export destinations of "Iron and steel" from Belgium in 2023:

  • France with a share of 24% (3.77 billion US$)
  • Germany with a share of 21% (3.37 billion US$)
  • Netherlands with a share of 11.4% (1.76 billion US$)
  • Italy with a share of 6.14% (947 million US$)
  • Turkey with a share of 4.88% (754 million US$)
  • Poland with a share of 4.14% (640 million US$)
  • United Kingdom with a share of 3.38% (521 million US$)
  • Spain with a share of 2.72% (420 million US$)
  • Egypt with a share of 2.51% (388 million US$)
  • USA with a share of 1.96% (303 million US$)

Exports structure of 72 - Iron and steel - from Belgium in 2023 represented by the following main commodity groups:

  • 24% (3.74 billion US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
  • 17% (2.62 billion US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
  • 14.3% (2.21 billion US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
  • 13.8% (2.14 billion US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
  • 9.46% (1.46 billion US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
  • 5.43% (838 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
  • 3.21% (495 million US$): 7202 - Ferro-alloys.
  • 1.89% (292 million US$): 7212 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated
  • 1.84% (285 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
  • 1.33% (206 million US$): 7220 - Flat-rolled products of stainless steel, of a width of less than 600 mm.

The value of imports of commodity group 72 "Iron and steel" to Belgium totalled $ 9.72 billion in 2023. Sales of commodity group 72 to Belgium decreased by 18% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 2.13 billion (the value of imports of commodity group 72 to Belgium was equal to $11.8 billion in 2022)

Imports of commodity group 72 "Iron and steel" accounted for 2.34% of total import flow to Belgium (in 2023, total imports to Belgium amounted to $ 415 billion). The share of commodity group 72 in total imports to Belgium decreased by 0.212 p.p. compared to 2022 (it was 2.55% in 2022 and cumulative imports to Belgium were equal to $ 464 billion).

Where does Belgium import Iron and steel from?

Top trading partners (import of "Iron and steel") of Belgium in 2023:

  • Netherlands with a share of 19.8% (1.92 billion US$)
  • Germany with a share of 19.4% (1.88 billion US$)
  • France with a share of 19% (1.85 billion US$)
  • Russia with a share of 8.36% (813 million US$)
  • United Kingdom with a share of 4.33% (421 million US$)
  • Other Asia, nes with a share of 2.72% (265 million US$)
  • Korea with a share of 2.42% (235 million US$)
  • Brazil with a share of 2.38% (232 million US$)
  • Spain with a share of 2.38% (232 million US$)
  • China with a share of 2.07% (201 million US$)

Imports structure of 72 - Iron and steel - to Belgium in 2023 represented by the following main commodity groups:

  • 25% (2.44 billion US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
  • 10.7% (1.04 billion US$): 7207 - Semi-finished products of iron or non-alloy steel
  • 10.1% (983 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
  • 9.93% (965 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
  • 6.5% (632 million US$): 7202 - Ferro-alloys.
  • 5.97% (581 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
  • 5.59% (543 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
  • 4.67% (455 million US$): 7218 - Stainless steel in ingots or other primary forms; semi-finished products of stainless steel
  • 3.47% (337 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
  • 2.95% (287 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more

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Belgium | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023