Clocks, watches, & parts in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $146M in Clocks, watches, & parts, making it the 25th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 81st most exported product in Belgium. The main destination of Clocks, watches, & parts exports from Belgium are: France ($27.7M), Luxembourg ($16.3M), Netherlands ($14.3M), Hong Kong ($13M), and Switzerland ($11.3M).

The fastest growing export markets for Clocks, watches, & parts of Belgium between 2021 and 2022 were Netherlands ($6.21M), Lithuania ($2.02M), and Lebanon ($1.93M).

Imports In 2022, Belgium imported $304M in Clocks, watches, & parts, becoming the 30th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 72nd most imported product in Belgium. Belgium imports Clocks, watches, & parts primarily from: Switzerland ($140M), France ($46.8M), China ($31.4M), Germany ($26.3M), and Netherlands ($25.1M).

The fastest growing import markets in Clocks, watches, & parts for Belgium between 2021 and 2022 were Switzerland ($16.9M), France ($5.17M), and Sweden ($2.27M).

COMPANIES In 2023, leading companies such as ZF TRANSMISSIONS GRAY COURT, LLC (28) and LOREAL USA (21) were at the forefront of shipping Clocks, watches, & parts from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Clocks, watches, & parts exports accounted up to €11.3M and imports accounted up to €23.2M, resulting in a negative trade balance of €12M. Between December 2022 and December 2023 the exports of Belgium's Clocks, watches, & parts have decreased by €-2.39M (-17.5%) from €13.6M to €11.3M, while imports increased by €3.59M (18.3%) from €19.7M to €23.2M.

Destinations In December 2023, Clocks, watches, & parts were exported mostly to Luxembourg (€3.07M), France (€1.55M), Germany (€970k), United States (€889k), and Spain (€687k), and were imported mostly from Switzerland (€13.7M), France (€3.58M), China (€1.91M), Germany (€1.35M), and Netherlands (€1.24M).

Growth In December 2023, the decrease in Clocks, watches, & parts's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (€-960k or -56.4%), United Arab Emirates (€-468k or -81.3%), and Switzerland (€-229k or -9.18%). In December 2023, the increase in Clocks, watches, & parts's year-by-year imports was explained primarily by an increase in imports from Switzerland (€2.49M or 32.1%), France (€1.54M or 104%), and Netherlands (€321k or 28.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-2.39M(-17.5%)

IMPORT GROWTH (December 2022 - December 2023)€3.59M(18.3%)

MAIN DESTINATION (December 2023)Luxembourg€3.07M

This section shows Clocks, watches, & parts's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Clocks, watches, & parts over time.

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