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Enhanced global steel trade monitoring
Steel Exports Report: Belgium
Background
Belgium was the world’s sixth-largest steel exporter in 2017. In 2018, Belgium exported 18.1 million metric tons of steel, a 1 percent increase from 17.9 million metric tons in 2017. Belgium’s exports represented about 4 percent of all steel exported globally in 2017. The volume of Belgium’s 2018 steel exports was approximately 1/3 the size of the world’s largest exporter, China, and more than 1/2 that of the largest exporter in the EU, Germany. In value terms, steel represented just 3.9 percent of the total amount of goods Belgium exported in 2018.
Belgium exports steel to more than 170 countries and territories. The 10 countries labeled in the map below represent the top markets for Belgium’s exports of steel, and each received more than 200 thousand metric tons. The top 10 countries accounted for 86 percent of Belgium’s steel exports in 2018.
Over the past 13 years, Belgium’s steel imports and exports have moved roughly in tandem, with exports consistently outpacing imports. After a sharp decline in 2009, Belgium’s steel exports have mostly recovered, growing 44 percent from 2009 to 2018. During the same time period, imports grew 60 percent. After increasing annually between 2015 and 2017 to reach a surplus of 3.9 million metric tons in 2017, the steel trade surplus decreased 21 percent in 2018, falling to 3.1 million metric tons.
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