Cars, tractors, trucks & parts thereof. in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $37.3B in Cars, tractors, trucks & parts thereof., making it the 13th largest exporter of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 3rd most exported product in Belgium. The main destination of Cars, tractors, trucks & parts thereof. exports from Belgium are: Germany ($5.11B), France ($4.72B), Netherlands ($4.21B), Sweden ($2.96B), and United Kingdom ($2.46B).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Belgium between 2021 and 2022 were United States ($812M), Sweden ($259M), and Israel ($257M).

Imports In 2022, Belgium imported $47.5B in Cars, tractors, trucks & parts thereof., becoming the 8th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 2nd most imported product in Belgium. Belgium imports Cars, tractors, trucks & parts thereof. primarily from: Germany ($8.79B), China ($6.29B), France ($5.48B), Netherlands ($3.05B), and Japan ($2.9B).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Belgium between 2021 and 2022 were China ($2.54B), Germany ($1.23B), and France ($590M).

COMPANIES In 2023, leading companies such as Volvo (909), Barry Callebaut (329), and AGCO (61) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from Belgium to the United States.

Latest Trends

July 2024

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Overview In July 2024 Belgium's Cars, tractors, trucks & parts thereof. exports accounted up to €2.85B and imports accounted up to €3.28B, resulting in a negative trade balance of €426M. Between July 2023 and July 2024 the exports of Belgium's Cars, tractors, trucks & parts thereof. have decreased by €-74.7M (-2.55%) from €2.93B to €2.85B, while imports increased by €5.99M (0.18%) from €3.27B to €3.28B.

Destinations In July 2024, Cars, tractors, trucks & parts thereof. were exported mostly to Germany (€395M), Netherlands (€358M), France (€341M), United Kingdom (€264M), and Poland (€179M), and were imported mostly from Germany (€634M), France (€477M), Japan (€357M), China (€314M), and Netherlands (€313M).

Growth In July 2024, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by a decrease in exports to Japan (€-28.5M or -54.9%), Russia (€-17.4M or -97.2%), and South Korea (€-9.46M or -50.5%). In July 2024, the increase in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by an increase in imports from Germany (€217M or 45.5%), Netherlands (€124M or 62.4%), and France (€110M or 31.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)€-74.7M(-2.55%)

IMPORT GROWTH (July 2023 - July 2024)€5.99M(0.18%)

MAIN DESTINATION (July 2024)Germany€395M

This section shows Cars, tractors, trucks & parts thereof.'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 Cars, tractors, trucks & parts thereof. over time.

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