2023
Exports
$9.18MWorld Rnk 28 / 118
Flag Rnk 874 / 1216
2023
PRODUCT COMPLEXITY IN Casting Machines
0.64Rnk 309 / 1025
2023
Imports
$20.3MWorld Rnk 34 / 184
Flag Rnk 794 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $9.18M in Casting Machines, making it the 28th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 874th most exported product in Belgium. The main destination of Casting Machines exports from Belgium are: Italy ($3.42M), United States ($987k), China ($749k), Spain ($470k), and India ($439k).

The fastest growing export markets for Casting Machines of Belgium between 2022 and 2023 were Italy ($1.85M), United States ($913k), and Romania ($303k).

Imports In 2023, Belgium imported $20.3M in Casting Machines, becoming the 34th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 794th most imported product in Belgium. Belgium imports Casting Machines primarily from: China ($5.08M), Germany ($2.56M), Italy ($2.54M), Austria ($2.48M), and Poland ($1.35M).

The fastest growing import markets in Casting Machines for Belgium between 2022 and 2023 were Austria ($1.9M), Poland ($1.14M), and Germany ($1.05M).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€590k(367%)
IMPORT GROWTH (October 2023 - October 2024)€637k(88.1%)
MAIN DESTINATION (October 2024)Germany€340k

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 (2023)$9.18M
IMPORTS (2023)$20.3M
NET TRADE (2023)-$11.1M

In 2023, Belgium exported $9.18M in Casting Machines. The main destinations of Belgium exports on Casting Machines were Italy ($3.42M), United States ($987k), China ($749k), Spain ($470k), and India ($439k).

In 2023, Belgium imported $20.3M in Casting Machines, mainly from China ($5.08M), Germany ($2.56M), Italy ($2.54M), Austria ($2.48M), and Poland ($1.35M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$1.85M (118%)
United States$913k (1.24k%)
Romania$303k (8.26k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Belgium WERE (2022 - 2023):
India-$1.37M (-75.7%)
Morocco-$413k (-68.9%)
Zambia-$144k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Casting Machines were:
China $1.22B
Italy $396M
In 2023, Belgium's main importing competitors in Casting Machines were:

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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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