Electricity in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $6.35B in Electricity, making it the 5th largest exporter of Electricity in the world. At the same year, Electricity was the 8th most exported product in Belgium. The main destination of Electricity exports from Belgium are: France ($3.21B), Netherlands ($1.24B), United Kingdom ($810M), Germany ($550M), and Luxembourg ($485M).

The fastest growing export markets for Electricity of Belgium between 2021 and 2022 were France ($2.13B), Netherlands ($676M), and Luxembourg ($350M).

Imports In 2022, Belgium imported $4.11B in Electricity, becoming the 8th largest importer of Electricity in the world. At the same year, Electricity was the 15th most imported product in Belgium. Belgium imports Electricity primarily from: Netherlands ($2.08B), Germany ($831M), United Kingdom ($608M), France ($504M), and Ukraine ($60.8M).

The fastest growing import markets in Electricity for Belgium between 2021 and 2022 were Netherlands ($1.09B), United Kingdom ($578M), and Germany ($449M).

Latest Trends

January 2024

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Overview In January 2024 Belgium's Electricity exports accounted up to €115M and imports accounted up to €150M, resulting in a negative trade balance of €35.4M. Between January 2023 and January 2024 the exports of Belgium's Electricity have decreased by €-190M (-62.3%) from €304M to €115M, while imports decreased by €-41.8M (-21.8%) from €192M to €150M.

Destinations In January 2024, Electricity were exported mostly to France (€31.1M), Netherlands (€26.9M), United Kingdom (€26.7M), Germany (€18.6M), and Luxembourg (€11.6M), and were imported mostly from Netherlands (€74.1M), France (€45M), Germany (€22.3M), United Kingdom (€8.01M), and Luxembourg (€826k).

Growth In January 2024, the decrease in Electricity's year-by-year exports was explained primarily by a decrease in exports to France (€-92.7M or -36.7%), United Kingdom (€-37.9M or -42.6%), and Germany (€-7.16M or -41.9%). In January 2024, the decrease in Electricity's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-85.3M or -46%), Germany (€-11.2M or -18.6%), and Luxembourg (€-4.01M or -97%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-190M(-62.3%)

IMPORT GROWTH (January 2023 - January 2024)€-41.8M(-21.8%)

MAIN DESTINATION (January 2024)France€31.1M

This section shows Electricity'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 Electricity over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.35B

IMPORTS (2022)$4.11B

NET TRADE (2022)$2.23B

In 2022, Belgium exported $6.35B in Electricity. The main destinations of Belgium exports on Electricity were France ($3.21B), Netherlands ($1.24B), United Kingdom ($810M), Germany ($550M), and Luxembourg ($485M).

In 2022, Belgium imported $4.11B in Electricity, mainly from Netherlands ($2.08B), Germany ($831M), United Kingdom ($608M), France ($504M), and Ukraine ($60.8M).

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