2023
Exports
$3.63MWorld Rnk 16 / 83
Flag Rnk 992 / 1216
2023
PRODUCT COMPLEXITY IN Felt Machinery
1.1Rnk 146 / 1025
2023
Imports
$1.84MWorld Rnk 46 / 146
Flag Rnk 1098 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $3.63M in Felt Machinery, making it the 16th largest exporter of Felt Machinery in the world. At the same year, Felt Machinery was the 992nd most exported product in Belgium. The main destination of Felt Machinery exports from Belgium are: China ($1.87M), United States ($1.13M), France ($353k), Turkey ($144k), and Germany ($35.7k).

The fastest growing export markets for Felt Machinery of Belgium between 2022 and 2023 were China ($1.87M), United States ($1M), and Turkey ($144k).

Imports In 2023, Belgium imported $1.84M in Felt Machinery, becoming the 46th largest importer of Felt Machinery in the world. At the same year, Felt Machinery was the 1098th most imported product in Belgium. Belgium imports Felt Machinery primarily from: Germany ($1.54M), Austria ($74.7k), Italy ($40.1k), China ($37.7k), and Portugal ($27.9k).

The fastest growing import markets in Felt Machinery for Belgium between 2022 and 2023 were Portugal ($27.9k), Italy ($26.8k), and Netherlands ($20.3k).

COMPANIES In 2023, leading companies such as Electrolux (2) were at the forefront of shipping Felt Machinery from Belgium to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - October 2024)€-21.7k(-99.7%)
IMPORT GROWTH (October 2023 - October 2024)€105k(113%)
MAIN DESTINATION (October 2024)Hong Kong€55

This section shows Felt Machinery'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 Felt Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.63M
IMPORTS (2023)$1.84M
NET TRADE (2023)$1.8M

In 2023, Belgium exported $3.63M in Felt Machinery. The main destinations of Belgium exports on Felt Machinery were China ($1.87M), United States ($1.13M), France ($353k), Turkey ($144k), and Germany ($35.7k).

In 2023, Belgium imported $1.84M in Felt Machinery, mainly from Germany ($1.54M), Austria ($74.7k), Italy ($40.1k), China ($37.7k), and Portugal ($27.9k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt Machinery EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
China$1.87M (1%)
United States$1M (757%)
Turkey$144k (164k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Machinery BY Belgium WERE (2022 - 2023):
Mexico-$5.17M (-100%)
India-$1.61M (-98.4%)
Peru-$1.21M (-99.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Felt Machinery were:
China $202M
Italy $73.8M
In 2023, Belgium's main importing competitors in Felt Machinery were:

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Trade Value of Felt Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $471k
TOP IMPORT POTENTIALGermany+ $1.25M

Felt Machinery’s highest export potential is France. With an export gap of $471k.   Felt Machinery’s highest import potential is Germany with an import gap of $1.25M.

See methodology.

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