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

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Exports In 2023, Belgium exported $40.4B in Cars, tractors, trucks & parts thereof., making it the 14th 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: France ($7.31B), Netherlands ($5.75B), Germany ($4B), Sweden ($3.87B), and United States ($2.59B).

The fastest growing export markets for Cars, tractors, trucks & parts thereof. of Belgium between 2022 and 2023 were France ($1.58B), Netherlands ($973M), and United Kingdom ($872M).

Imports In 2023, Belgium imported $50.5B in Cars, tractors, trucks & parts thereof., becoming the 9th largest importer of Cars, tractors, trucks & parts thereof. in the world. At the same year, Cars, tractors, trucks & parts thereof. was the 3rd most imported product in Belgium. Belgium imports Cars, tractors, trucks & parts thereof. primarily from: Germany ($11.3B), France ($6.83B), Japan ($5.92B), Netherlands ($4.95B), and Spain ($2.6B).

The fastest growing import markets in Cars, tractors, trucks & parts thereof. for Belgium between 2022 and 2023 were Germany ($2.67B), France ($1.73B), and Netherlands ($1.46B).

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

November 2024

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Overview In November 2024 Belgium's Cars, tractors, trucks & parts thereof. exports accounted up to €3.65B and imports accounted up to €3.68B, resulting in a negative trade balance of €22.7M. Between November 2023 and November 2024 the exports of Belgium's Cars, tractors, trucks & parts thereof. have increased by €606M (19.9%) from €3.05B to €3.65B, while imports increased by €710M (23.9%) from €2.97B to €3.68B.

Destinations In November 2024, Cars, tractors, trucks & parts thereof. were exported mostly to Germany (€563M), Netherlands (€421M), France (€352M), Poland (€301M), and Sweden (€291M), and were imported mostly from Germany (€781M), Japan (€585M), France (€449M), Netherlands (€342M), and Spain (€259M).

Growth In November 2024, the increase in Cars, tractors, trucks & parts thereof.'s year-by-year exports was explained primarily by an increase in exports to Norway (€90.3M or 685%), United Kingdom (€75.6M or 37.7%), and Germany (€64M or 15.1%). In November 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 (November 2023 - November 2024)€606M(19.9%)

IMPORT GROWTH (November 2023 - November 2024)€710M(23.9%)

MAIN DESTINATION (November 2024)Germany€563M

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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