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 ROBERT BOSCH TOOL CORPORATION (23.2k), BARRY CALLEBAUT USA LLC (8.42k), and AGCO CORPORATION (5.91k) were at the forefront of shipping Cars, tractors, trucks & parts thereof. from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Cars, tractors, trucks & parts thereof. exports accounted up to €3.34B and imports accounted up to €3.47B, resulting in a negative trade balance of €129M. Between December 2022 and December 2023 the exports of Belgium's Cars, tractors, trucks & parts thereof. have decreased by €-259M (-7.18%) from €3.6B to €3.34B, while imports decreased by €-119M (-3.3%) from €3.59B to €3.47B.

Destinations In December 2023, Cars, tractors, trucks & parts thereof. were exported mostly to Germany (€516M), Netherlands (€412M), France (€285M), Sweden (€247M), and United Kingdom (€244M), and were imported mostly from Germany (€622M), Japan (€506M), France (€453M), Netherlands (€378M), and Spain (€188M).

Growth In December 2023, 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 December 2023, the decrease in Cars, tractors, trucks & parts thereof.'s year-by-year imports was explained primarily by a decrease in imports from Japan (€-51.2M or -9.36%), South Africa (€-11.3M or -38.6%), and Bulgaria (€-4.61M or -48.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-259M(-7.18%)

IMPORT GROWTH (December 2022 - December 2023)€-119M(-3.3%)

MAIN DESTINATION (December 2023)Germany€516M

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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