2022
Exports
$146MWorld Rnk 25 / 208
Flag Rnk 81 / 96
2022
PRODUCT COMPLEXITY IN Clocks, watches, & parts
1.76Rnk 17 / 1025
2022
Imports
$304MWorld Rnk 30 / 224
Flag Rnk 72 / 96
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $146M in Clocks, watches, & parts, making it the 25th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 81st most exported product in Belgium. The main destination of Clocks, watches, & parts exports from Belgium are: France ($27.7M), Luxembourg ($16.3M), Netherlands ($14.3M), Hong Kong ($13M), and Switzerland ($11.3M).

The fastest growing export markets for Clocks, watches, & parts of Belgium between 2021 and 2022 were Netherlands ($6.21M), Lithuania ($2.02M), and Lebanon ($1.93M).

Imports In 2022, Belgium imported $304M in Clocks, watches, & parts, becoming the 30th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 72nd most imported product in Belgium. Belgium imports Clocks, watches, & parts primarily from: Switzerland ($140M), France ($46.8M), China ($31.4M), Germany ($26.3M), and Netherlands ($25.1M).

The fastest growing import markets in Clocks, watches, & parts for Belgium between 2021 and 2022 were Switzerland ($16.9M), France ($5.17M), and Sweden ($2.27M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (4) and Volvo (3) were at the forefront of shipping Clocks, watches, & parts from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€484k(6.04%)
IMPORT GROWTH (August 2023 - August 2024)€-364k(-2.03%)
MAIN DESTINATION (August 2024)Luxembourg€2M

This section shows Clocks, watches, & parts'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 Clocks, watches, & parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$146M
IMPORTS (2022)$304M
NET TRADE (2022)-$158M

In 2022, Belgium exported $146M in Clocks, watches, & parts. The main destinations of Belgium exports on Clocks, watches, & parts were France ($27.7M), Luxembourg ($16.3M), Netherlands ($14.3M), Hong Kong ($13M), and Switzerland ($11.3M).

In 2022, Belgium imported $304M in Clocks, watches, & parts, mainly from Switzerland ($140M), France ($46.8M), China ($31.4M), Germany ($26.3M), and Netherlands ($25.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Clocks, watches, & parts EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$6.21M (77.2%)
Lithuania$2.02M (163%)
Lebanon$1.93M (486%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks, watches, & parts BY Belgium WERE (2021 - 2022):
Italy-$10.4M (-69.1%)
Hong Kong-$9.21M (-41.5%)
Luxembourg-$6.49M (-28.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Clocks, watches, & parts were:
In 2022, Belgium's main importing competitors in Clocks, watches, & parts were:

Explore Visualizations

Trade Value of Clocks, watches, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $13.4M
TOP IMPORT POTENTIALFrance+ $20.6M

Clocks, watches, & parts’s highest export potential is France. With an export gap of $13.4M.   Clocks, watches, & parts’s highest import potential is France with an import gap of $20.6M.

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