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2022
Exports $8.31MWorld Rnk 27 / 126
Flag Rnk 891 / 1213
2022
Destination $1.46M Italy
2021 - 2022
FASTEST GROWING MARKET $1.46MItaly
2022
PRODUCT COMPLEXITY IN Casting Machines0.63Rnk 304 / 1025
2022
Imports $15.8MWorld Rnk 33 / 183
Flag Rnk 871 / 1214
2022
Origin $2.5M China
2021 - 2022
FASTEST GROWING ORIGIN $2.5MChina
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $8.31M in Casting Machines, making it the 27th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 891st most exported product in Belgium. The main destination of Casting Machines exports from Belgium are: Italy ($1.55M), China ($1.49M), India ($1.48M), Turkey ($1.22M), and Morocco ($600k).

The fastest growing export markets for Casting Machines of Belgium between 2021 and 2022 were Italy ($1.46M), China ($1.36M), and India ($1.01M).

Imports In 2022, Belgium imported $15.8M in Casting Machines, becoming the 33rd largest importer of Casting Machines in the world. At the same year, Casting Machines was the 871st most imported product in Belgium. Belgium imports Casting Machines primarily from: China ($7.03M), Italy ($2.01M), Germany ($1.29M), Austria ($1.11M), and France ($710k).

The fastest growing import markets in Casting Machines for Belgium between 2021 and 2022 were China ($2.5M), Italy ($644k), and Spain ($335k).

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Casting Machines exports accounted up to €1.26M and imports accounted up to €389k, resulting in a positive trade balance of €874k. Between September 2023 and September 2024 the exports of Belgium's   Casting Machines have decreased by €-213k (-14.4%) from €1.48M to €1.26M, while imports decreased by €-909k (-70%) from €1.3M to €389k.

Destinations In September 2024, Casting Machines were exported mostly to Germany (€635k), Argentina (€451k), Brazil (€93k), Austria (€41.6k), and Switzerland (€24.7k), and were imported mostly from Germany (€158k), United Kingdom (€90.6k), China (€84.2k), Portugal (€23.2k), and Italy (€20.1k).

Growth In September 2024, the decrease in Casting Machines's year-by-year exports was explained primarily by a decrease in exports to Italy (€-40.8k or -68%), United States (€-21.4k or -82.7%), and France (€-3.28k or -83.2%). In September 2024, the decrease in Casting Machines's year-by-year imports was explained primarily by a decrease in imports from China (€-581k or -84.7%), Spain (€-70.7k or -62.3%), and Netherlands (€-11.2k or -36.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-213k(-14.4%)
IMPORT GROWTH (September 2023 - September 2024)€-909k(-70%)
MAIN DESTINATION (September 2024)Germany€635k

This section shows Casting Machines'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 Casting Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.31M
IMPORTS (2022)$15.8M
NET TRADE (2022)-$7.49M

In 2022, Belgium exported $8.31M in Casting Machines. The main destinations of Belgium exports on Casting Machines were Italy ($1.55M), China ($1.49M), India ($1.48M), Turkey ($1.22M), and Morocco ($600k).

In 2022, Belgium imported $15.8M in Casting Machines, mainly from China ($7.03M), Italy ($2.01M), Germany ($1.29M), Austria ($1.11M), and France ($710k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$1.46M (1.67k%)
China$1.36M (1.11k%)
India$1.01M (215%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Belgium WERE (2021 - 2022):
United States-$1.24M (-94.4%)
Malaysia-$591k (-100%)
Germany-$165k (-53.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Casting Machines were:
China $862M
Italy $360M
Japan $267M
In 2022, Belgium's main importing competitors in Casting Machines were:
United States $350M
India $239M
China $234M

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $507k
TOP IMPORT POTENTIALGermany+ $1.4M

Casting Machines’s highest export potential is China. With an export gap of $507k.   Casting Machines’s highest import potential is Germany with an import gap of $1.4M.

See methodology.

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