Belgium’s import of Aluminium pipes and tubes fittings remain volatile during 2017-20
Belgium has a free-enterprise economy, with the majority of the gross domestic product (GDP) generated by the service sector. Despite its small size, Belgium’s economy has consistently placed among the top 20 economies of the world and remains strong. The kingdom’s exports have given it an account surplus that is the sixth-largest among the highly developed economies of the world.
The Western European nation’s import of aluminium pipes/tubes fittings remained volatile during 2017-19, as the import volume recorded was 2270.53 tonnes with the expenditure occurred stood at $22.17 million. The import for 2020 has been analysed at 734.25 tonnes and the expenditure to outreach at $8.82 million. When the import volume and expenditure gets assorted with the preceding three years it stands at 3004.78 tonnes and $30.99 million respectively.
Belgium’s import of aluminium pipes/tubes fittings in 2017 remained at 550.40 million and expenditures stood at $4.39 million, while in 2018 the import picked up to 951.83 tonnes, reflecting a growth of 72.93% and expenditures also climbed to $9.17 million.
The importation in 2019 exhibited downfall by 19.28%, as the import volume stood at 768.30 tonnes and expenditures dropped at $8.61 million.
Belgium’s import for 2020 has been also analysed with de-growth by 4.43%, as the import volume to remain at 734.25 tonnes, whereas expenditures to stand high at $8.82 million.
The major trading nations for Belgium’s import of aluminium tube/pipes fittings are China, Finland, Germany, Ireland, Italy, Netherlands, Switzerland, Turkey, UK, etc.