2022
Exports
$14.8MWorld Rnk 19 / 156
Flag Rnk 807 / 1213
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2022
Imports
$39.6MWorld Rnk 22 / 210
Flag Rnk 712 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $14.8M in Drilling Machines, making it the 19th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 807th most exported product in Belgium. The main destination of Drilling Machines exports from Belgium are: Netherlands ($2.05M), France ($2M), Estonia ($1.01M), Germany ($965k), and Mexico ($854k).

The fastest growing export markets for Drilling Machines of Belgium between 2021 and 2022 were Estonia ($1.01M), France ($929k), and New Zealand ($576k).

Imports In 2022, Belgium imported $39.6M in Drilling Machines, becoming the 22nd largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 712th most imported product in Belgium. Belgium imports Drilling Machines primarily from: Germany ($12.4M), Netherlands ($7.59M), Spain ($5.08M), Italy ($3.65M), and United States ($3.49M).

The fastest growing import markets in Drilling Machines for Belgium between 2021 and 2022 were Germany ($5.4M), Italy ($1.81M), and China ($1.12M).

COMPANIES In 2023, leading companies such as BOEING (3), John Deere (2), and Dow Chemical (1) were at the forefront of shipping Drilling Machines from Belgium to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€717k(49.5%)
IMPORT GROWTH (June 2023 - June 2024)€-197k(-29.5%)
MAIN DESTINATION (June 2024)Luxembourg€1.02M

This section shows Drilling 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 Drilling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.8M
IMPORTS (2022)$39.6M
NET TRADE (2022)-$24.7M

In 2022, Belgium exported $14.8M in Drilling Machines. The main destinations of Belgium exports on Drilling Machines were Netherlands ($2.05M), France ($2M), Estonia ($1.01M), Germany ($965k), and Mexico ($854k).

In 2022, Belgium imported $39.6M in Drilling Machines, mainly from Germany ($12.4M), Netherlands ($7.59M), Spain ($5.08M), Italy ($3.65M), and United States ($3.49M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Estonia$1.01M (1%)
France$929k (87%)
New Zealand$576k (677%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Belgium WERE (2021 - 2022):
Portugal-$1.69M (-89.4%)
Mexico-$663k (-43.7%)
United Kingdom-$492k (-48.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Drilling Machines were:
In 2022, Belgium's main importing competitors in Drilling Machines were:

Explore Visualizations

Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.31M
TOP IMPORT POTENTIALGermany+ $4.79M

Drilling Machines’s highest export potential is Germany. With an export gap of $1.31M.   Drilling Machines’s highest import potential is Germany with an import gap of $4.79M.

See methodology.

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