Electrical machinery and electronics in Belgium | The Observatory of Economic Complexity

About

Exports In 2023, Belgium exported $13.5B in Electrical machinery and electronics, making it the 34th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 9th most exported product in Belgium. The main destination of Electrical machinery and electronics exports from Belgium are: Netherlands ($2.33B), France ($2.3B), Germany ($1.15B), Italy ($1.04B), and Mexico ($649M).

The fastest growing export markets for Electrical machinery and electronics of Belgium between 2022 and 2023 were Mexico ($314M), Netherlands ($243M), and Sweden ($240M).

Imports In 2023, Belgium imported $29.3B in Electrical machinery and electronics, becoming the 25th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 5th most imported product in Belgium. Belgium imports Electrical machinery and electronics primarily from: Netherlands ($5.58B), France ($5.11B), China ($3.81B), Germany ($3.36B), and Hungary ($1.93B).

The fastest growing import markets in Electrical machinery and electronics for Belgium between 2022 and 2023 were France ($1.07B), Netherlands ($469M), and Hungary ($436M).

COMPANIES In 2023, leading companies such as Volvo (359), ZF Friedrichshafen (289), and TE Connectivity (150) were at the forefront of shipping Electrical machinery and electronics from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Electrical machinery and electronics exports accounted up to €1.12B and imports accounted up to €1.66B, resulting in a negative trade balance of €546M. Between November 2023 and November 2024 the exports of Belgium's Electrical machinery and electronics have increased by €241M (27.6%) from €876M to €1.12B, while imports decreased by €-250M (-13.1%) from €1.91B to €1.66B.

Destinations In November 2024, Electrical machinery and electronics were exported mostly to Netherlands (€156M), Germany (€156M), United Kingdom (€111M), France (€89.1M), and United States (€54.5M), and were imported mostly from Netherlands (€449M), Germany (€208M), China (€196M), France (€109M), and Ireland (€89.2M).

Growth In November 2024, the increase in Electrical machinery and electronics's year-by-year exports was explained primarily by an increase in exports to Netherlands (€94.7M or 117%), Mexico (€68.1M or 1.08k%), and Germany (€42.1M or 27.2%). In November 2024, the decrease in Electrical machinery and electronics's year-by-year imports was explained primarily by a decrease in imports from Japan (€-4.8M or -9.95%), Romania (€-3.04M or -8.37%), and Philippines (€-2.8M or -31.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€241M(27.6%)

IMPORT GROWTH (November 2023 - November 2024)€-250M(-13.1%)

MAIN DESTINATION (November 2024)Netherlands€156M

This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.

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