2022
Exports
$203MWorld Rnk 27 / 219
Flag Rnk 297 / 1213
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$707MWorld Rnk 13 / 220
Flag Rnk 137 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $203M in Ball Bearings, making it the 27th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 297th most exported product in Belgium. The main destination of Ball Bearings exports from Belgium are: Italy ($32.4M), Germany ($32M), France ($21.8M), Sweden ($9.84M), and Japan ($9.79M).

The fastest growing export markets for Ball Bearings of Belgium between 2021 and 2022 were Germany ($9.36M), Austria ($6M), and Malaysia ($5.79M).

Imports In 2022, Belgium imported $707M in Ball Bearings, becoming the 13th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 137th most imported product in Belgium. Belgium imports Ball Bearings primarily from: Germany ($187M), Sweden ($102M), France ($92M), Italy ($80.3M), and United Kingdom ($72.9M).

The fastest growing import markets in Ball Bearings for Belgium between 2021 and 2022 were United Kingdom ($49.4M), Malaysia ($12.3M), and Romania ($6.2M).

COMPANIES In 2023, leading companies such as SKF Group (37), Konecranes (6), and Rolls-Royce (2) were at the forefront of shipping Ball Bearings from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€3.32M(37.7%)
IMPORT GROWTH (August 2023 - August 2024)€-1.6M(-9.36%)
MAIN DESTINATION (August 2024)Germany€2M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$203M
IMPORTS (2022)$707M
NET TRADE (2022)-$504M

In 2022, Belgium exported $203M in Ball Bearings. The main destinations of Belgium exports on Ball Bearings were Italy ($32.4M), Germany ($32M), France ($21.8M), Sweden ($9.84M), and Japan ($9.79M).

In 2022, Belgium imported $707M in Ball Bearings, mainly from Germany ($187M), Sweden ($102M), France ($92M), Italy ($80.3M), and United Kingdom ($72.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$9.36M (41.3%)
Austria$6M (461%)
Malaysia$5.79M (826%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Belgium WERE (2021 - 2022):
United Kingdom-$5.99M (-60.1%)
Russia-$1.67M (-73.6%)
Brazil-$1.65M (-39%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Belgium's main importing competitors in Ball Bearings were:

Explore Visualizations

Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $37.3M
TOP IMPORT POTENTIALGermany+ $63.9M

Ball Bearings’s highest export potential is Germany. With an export gap of $37.3M.   Ball Bearings’s highest import potential is Germany with an import gap of $63.9M.

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