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2023
Exports $102MWorld Rnk 10 / 113
Flag Rnk 436 / 1216
2023
Destination $2.58M Italy
2022 - 2023
FASTEST GROWING MARKET $2.58MSingapore
2023
PRODUCT COMPLEXITY IN Glass Working Machines1.27Rnk 83 / 1025
2023
Imports $428MWorld Rnk 1 / 180
Flag Rnk 176 / 1213
2023
Origin $42.4M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $42.4MUnited States
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $102M in Glass Working Machines, making it the 10th largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 436th most exported product in Belgium. The main destination of Glass Working Machines exports from Belgium are: Italy ($43.8M), United States ($15.6M), United Kingdom ($8.93M), France ($6.67M), and Germany ($5.97M).

The fastest growing export markets for Glass Working Machines of Belgium between 2022 and 2023 were Singapore ($2.58M), Japan ($2.09M), and United Kingdom ($1.56M).

Imports In 2023, Belgium imported $428M in Glass Working Machines, becoming the 1st largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 176th most imported product in Belgium. Belgium imports Glass Working Machines primarily from: Singapore ($341M), United States ($57.4M), Japan ($12.3M), Germany ($4.9M), and India ($3.5M).

The fastest growing import markets in Glass Working Machines for Belgium between 2022 and 2023 were United States ($42.4M), Japan ($11.8M), and France ($1.06M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Glass Working Machines from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Glass Working Machines exports accounted up to €9.92M and imports accounted up to €18.8M, resulting in a negative trade balance of €8.91M. Between November 2023 and November 2024 the exports of Belgium's   Glass Working Machines have decreased by €-23.8M (-70.6%) from €33.8M to €9.92M, while imports decreased by €-12.5M (-39.9%) from €31.3M to €18.8M.

Destinations In November 2024, Glass Working Machines were exported mostly to Italy (€4.49M), France (€1.96M), United Kingdom (€926k), Germany (€668k), and United States (€492k), and were imported mostly from Singapore (€14.2M), Japan (€1.92M), United States (€1.24M), India (€956k), and China (€190k).

Growth In November 2024, the decrease in Glass Working Machines's year-by-year exports was explained primarily by a decrease in exports to France (€-9.21M or -48.5%), United States (€-2.27M or -8.68%), and United Kingdom (€-842k or -75.3%). In November 2024, the decrease in Glass Working Machines's year-by-year imports was explained primarily by a decrease in imports from Singapore (€-8.06M or -11.9%), United States (€-1.55M or -74.6%), and France (€-258k or -76.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-23.8M(-70.6%)
IMPORT GROWTH (November 2023 - November 2024)€-12.5M(-39.9%)
MAIN DESTINATION (November 2024)Italy€4.49M

This section shows Glass Working 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 Glass Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$102M
IMPORTS (2023)$428M
NET TRADE (2023)-$326M

In 2023, Belgium exported $102M in Glass Working Machines. The main destinations of Belgium exports on Glass Working Machines were Italy ($43.8M), United States ($15.6M), United Kingdom ($8.93M), France ($6.67M), and Germany ($5.97M).

In 2023, Belgium imported $428M in Glass Working Machines, mainly from Singapore ($341M), United States ($57.4M), Japan ($12.3M), Germany ($4.9M), and India ($3.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Singapore$2.58M (3.12k%)
Japan$2.09M (655%)
United Kingdom$1.56M (21.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Belgium WERE (2022 - 2023):
United States-$34.9M (-69.1%)
Italy-$11.9M (-21.4%)
France-$9.44M (-58.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Glass Working Machines were:
Singapore $622M
Germany $579M
United States $502M
In 2023, Belgium's main importing competitors in Glass Working Machines were:
China $418M
Chinese Taipei $312M

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.93M
TOP IMPORT POTENTIALGermany+ $12.5M

Glass Working Machines’s highest export potential is Germany. With an export gap of $5.93M.   Glass Working Machines’s highest import potential is Germany with an import gap of $12.5M.

See methodology.

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