In 2023, Belgium was the leading European exporter of electronic components, with impressive growth of 359.15% year-on-year. Portugal also saw significant growth with a 147.33% increase. In contrast, Germany and France experienced declines of 1.44% and 2.04%, respectively. Over the last five years, trends reveal consistent growth in smaller markets like Croatia and Latvia, indicating a diversification of export sources. Variability exists, highlighting the dynamic nature of the electronic components market.
Future trends to watch include the potential rise in exports from emerging players like Romania and Finland, which showed positive growth in 2023. Additionally, the ongoing technological advancements and digitalization across Europe may stimulate further growth in this sector as countries invest more in expanding their export capabilities. Monitoring geopolitical factors and global supply chain issues will also be crucial for future performance assessments.
Top countries in Export of Electronic Components by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 1,478,700,000 | 2023 | +20.18% | +359.15% | View data |
| 2 | 2 Germany | 902,500,000 | 2023 | +5.49% | -1.44% | View data |
| 3 | 3 France | 569,840,000 | 2023 | +9% | -2.04% | View data |
| 4 | 4 Netherlands | 266,520,000 | 2023 | +1.55% | +1.31% | View data |
| 5 | 5 United Kingdom | 67,962,000 | 2023 | -6.42% | -7.42% | View data |
| 6 | 6 Portugal | 29,187,000 | 2023 | +122.47% | +147.33% | View data |
| 7 | 7 Czechia | 19,617,000 | 2023 | |||
| 8 | 8 Spain | 15,496,000 | 2023 | +13.52% | -7.72% | View data |
| 9 | 9 Italy | 12,738,000 | 2023 | +76.03% | +36.33% | View data |
| 10 | 10 Hungary | 11,856,000 | 2023 | -2.11% | +1.33% | View data |
