In 2023, Belgium emerged as a leader in Europe's export of electronic components with substantial growth of over 359%, overtaking Germany, France, and the Netherlands. Germany and France experienced slight declines in their shares, while Portugal showed an impressive increase of 147%. Italy and Sweden reported notable gains, while the UK's substantial drop stood out. Smaller markets like Latvia, Croatia, and Luxembourg exhibited significant growth.
Future trends to watch include potential stabilization in Belgium's share, continued exploration of high-growth markets such as Portugal and emerging Eastern European countries, and watchful monitoring of Germany and France’s strategies to counteract share declines.
Top countries in Export of Electronic Components Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 42.49 | 2023 | +20.18% | +359.15% | View data |
| 2 | 2 Germany | 25.93 | 2023 | +5.49% | -1.44% | View data |
| 3 | 3 France | 16.37 | 2023 | +9% | -2.04% | View data |
| 4 | 4 Netherlands | 7.66 | 2023 | +1.55% | +1.31% | View data |
| 5 | 5 United Kingdom | 1.95 | 2023 | -6.42% | -7.42% | View data |
| 6 | 6 Portugal | 0.84 | 2023 | +122.47% | +147.33% | View data |
| 7 | 7 Czechia | 0.56 | 2023 | |||
| 8 | 8 Spain | 0.45 | 2023 | +13.52% | -7.72% | View data |
| 9 | 9 Italy | 0.37 | 2023 | +76.03% | +36.33% | View data |
| 10 | 10 Hungary | 0.34 | 2023 | -2.11% | +1.33% | View data |
