2022
Exports
$37.3BWorld Rnk 13 / 226
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Cars, tractors, trucks & parts thereof.
1Rnk 170 / 1025
2022
Imports
$47.5BWorld Rnk 8 / 226
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

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

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-476M(-16%)
IMPORT GROWTH (August 2023 - August 2024)€-599M(-18.9%)
MAIN DESTINATION (August 2024)Netherlands€342M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$37.3B
IMPORTS (2022)$47.5B
NET TRADE (2022)-$10.1B

In 2022, Belgium exported $37.3B in Cars, tractors, trucks & parts thereof.. The main destinations of Belgium exports on Cars, tractors, trucks & parts thereof. were Germany ($5.11B), France ($4.72B), Netherlands ($4.21B), Sweden ($2.96B), and United Kingdom ($2.46B).

In 2022, Belgium imported $47.5B in Cars, tractors, trucks & parts thereof., mainly from Germany ($8.79B), China ($6.29B), France ($5.48B), Netherlands ($3.05B), and Japan ($2.9B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars, tractors, trucks & parts thereof. EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$812M (63%)
Sweden$259M (9.58%)
Israel$257M (83.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars, tractors, trucks & parts thereof. BY Belgium WERE (2021 - 2022):
Germany-$1.71B (-25.1%)
United Kingdom-$860M (-25.9%)
Canada-$602M (-71.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Cars, tractors, trucks & parts thereof. were:
In 2022, Belgium's main importing competitors in Cars, tractors, trucks & parts thereof. were:

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Trade Value of Cars, tractors, trucks & parts thereof. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.38B
TOP IMPORT POTENTIALGermany+ $4.61B

Cars, tractors, trucks & parts thereof.’s highest export potential is Germany. With an export gap of $3.38B.   Cars, tractors, trucks & parts thereof.’s highest import potential is Germany with an import gap of $4.61B.

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