Belgium’s import of Aluminium alloy ingot remains to fluctuate marginally during 2017-20

In spite of its small size, Belgium's economy has consistently placed among the top 20 economies of the world and remains strong. The major industries that support the economy of Belgium are Metallurgy, steel, textiles, chemicals, glass, paper, and food processing are the dominant industries. Belgium is one of the world's leading processors of cobalt, radium, copper, zinc, and lead.

The western European nation’s import of aluminium alloy ingot during 2017-20 remains fluctuating, although marginally. The import volume during the phase remained at 476,731 tonnes and the revenue expended stood at $808.02 million. The import for 2020 has been forecasted at 169,663 tonnes and the expenditure might stay at $276.06 million. However, when the analysed import and expenditure of 2020 gets valued with the existing three years, it displays 646,394 tonnes and $1084.08 million respectively.

In 2017, the country’s import of aluminium alloy ingot was recorded at 119,112 tonnes and the revenue expenditure remained at $199.97 million, while in 2018 the import jumped by 55.27%, as the import volume stood at 184,955 tonnes and the expenditure also surged to $318.91 million.

Belgium’s import of aluminium alloy ingot in 2019 reflected de-growth by 6.64%, as the import volume dipped at 172,664 tonnes and expenditure also lower at $289.14 million.

The projected import for 2020 has also been analysed with down-fall by 1.73%, as the import volume might remain at 169,663.

The trading nation for Belgium’s import of aluminium alloy ingot is Austria, France, Germany, India, Luxembourg, Netherlands, Saudi Arabia, Spain, Sweden, Turkey, UAE, UK, USA, etc.