The European Non-Ferrous Metal Trade Balance Share in 2024 shows Germany leading with 23.37 thousand metric tons, followed by Spain at 15.7. Germany, despite a slight decline of -2.16% from 2023, remains the largest contributor. Spain saw a decrease of -1.67%, while Ireland's trade balance grew by 1.82%. Smaller economies like Macedonia (+9.61%), Czech Republic (+4.23%), and Luxembourg (+13.79%) demonstrated significant growth, while larger economies like Belgium (-5.25%) and Austria (-1.15%) faced declines. Notably, Greece, Sweden, Portugal, and Albania have negative trade balances, with Albania being the lowest at -2.26 thousand metric tons.
In future trends, watch for diversification in production sources and shifts due to geopolitical factors, especially considering the economic policies and sustainability goals of the European Union. Technological advancements in non-ferrous metal recycling and increased environmental regulations could also impact the trade balance dynamics significantly. Expect developing economies within Europe to take larger shares, countering declines in traditional powerhouses.
Top countries in Non-Ferrous Metal Trade Balance Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.37 | 2023 | -1.7% | -2.16% | View data |
| 2 | 2 Spain | 15.7 | 2023 | +0.17% | -1.67% | View data |
| 3 | 3 Ireland | 8.27 | 2023 | +2.07% | +1.82% | View data |
| 4 | 4 Norway | 7.68 | 2023 | +3.76% | +0.27% | View data |
| 5 | 5 Italy | 7.45 | 2023 | +2.44% | -1.19% | View data |
| 6 | 6 France | 6.7 | 2023 | +0.88% | -0.34% | View data |
| 7 | 7 Romania | 4.95 | 2023 | +11.08% | -1.43% | View data |
| 8 | 8 Macedonia | 3.88 | 2023 | +1.57% | +9.61% | View data |
| 9 | 9 Czech Republic | 3.55 | 2023 | +10.35% | +4.23% | View data |
| 10 | 10 Poland | 2.55 | 2023 | +4.55% | View data |