HS Icon Electrical machinery and equipment in  Flag Belgium

2019
Exports | Imports
: $13.9B | $21.6B, World Rnk 28 / 225
Flag Rnk 9 / 96 | World Rnk 28 / 225
Flag Rnk 6 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $120M | $746M, Malaysia |  France

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Electrical machinery and equipment
: 1.29, Rnk 10 / 96

Exports In 2019, Belgium exported $13.9B in Electrical machinery and equipment, making it the 28th largest exporter of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 9th most exported product in Belgium. The main destination of Electrical machinery and equipment exports from Belgium are: Germany ($2.13B), Netherlands ($1.91B), France ($1.78B), United Kingdom ($1.08B), and Italy ($632M).

The fastest growing export markets for Electrical machinery and equipment of Belgium between 2018 and 2019 were Malaysia ($120M), Italy ($103M), and Netherlands ($66.4M).

Imports In 2019, Belgium imported $21.6B in Electrical machinery and equipment, becoming the 28th largest importer of Electrical machinery and equipment in the world. At the same year, Electrical machinery and equipment was the 6th most imported product in Belgium. Belgium imports Electrical machinery and equipment primarily from: Netherlands ($4.65B), Germany ($3.57B), China ($2.56B), France ($2.39B), and Hungary ($865M).

The fastest growing import markets in Electrical machinery and equipment for Belgium between 2018 and 2019 were France ($746M), Netherlands ($678M), and China ($398M).

Tariffs In 2017, the average tariff for Belgium in Electrical machinery and equipment was 0.78%. The countries with the highest import tariffs for Electrical machinery and equipment were Ukraine (European Union Generalized System of Preference, 6.4%), Western Sahara (Most Favoured Nation duty rate treatement, 2.48%), Gabon (Most Favoured Nation duty rate treatement, 2.48%), Libya (Most Favoured Nation duty rate treatement, 2.48%), and Mayotte (Most Favoured Nation duty rate treatement, 2.48%).

May 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): €119M, (18.3%)

IMPORT GROWTH (May 2020 - May 2021): €440M, (39.6%)

MAIN DESTINATION (May 2021): Germany, €127M

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

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Historical Data

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EXPORTS (2019): $13.9B

IMPORTS (2019): $21.6B

NET TRADE (2019): -$7.78B

In 2019, Belgium exported $13.9B in Electrical machinery and equipment. The main destinations of Belgium exports on Electrical machinery and equipment were Germany ($2.13B), Netherlands ($1.91B), France ($1.78B), United Kingdom ($1.08B), and Italy ($632M).

In 2019, Belgium imported $21.6B in Electrical machinery and equipment, mainly from Netherlands ($4.65B), Germany ($3.57B), China ($2.56B), France ($2.39B), and Hungary ($865M).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Electrical machinery and equipment WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Electrical machinery and equipment WITH:

Flow

THE FASTEST GROWING Electrical machinery and equipment EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and equipment BY Belgium WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, Belgium's main exporting competitors in Electrical machinery and equipment were:

In 2019, Belgium's main importing competitors in Electrical machinery and equipment were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Electrical machinery and equipment was 0.78%.

The countries with the highest tariffs for Electrical machinery and equipment in Belgium were Ukraine (European Union Generalized System of Preference, 6.4%), Western Sahara (Most Favoured Nation duty rate treatement, 2.48%), Gabon (Most Favoured Nation duty rate treatement, 2.48%), Libya (Most Favoured Nation duty rate treatement, 2.48%), and Mayotte (Most Favoured Nation duty rate treatement, 2.48%).