Knitted clothing accesories in Belgium 2021 Exports | Imports : $1.99B | $4.82B, World Rnk 24 / 226 Rnk 35 / 96 | World Rnk 12 / 225 Rnk 16 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $151M | $186M, France | Germany
2021 ECONOMIC COMPLEXITY of Belgium: 1.28, Rnk 18 / 131
2021 PRODUCT COMPLEXITY IN Knitted clothing accesories: -0.78, Rnk 770 / 1029
Exports In 2021, Belgium exported $1.99B in Knitted clothing accesories, making it the 24th largest exporter of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 35th most exported product in Belgium. The main destination of Knitted clothing accesories exports from Belgium are: France ($582M), Italy ($260M), Netherlands ($207M), Germany ($202M), and Spain ($124M).
The fastest growing export markets for Knitted clothing accesories of Belgium between 2020 and 2021 were France ($151M), Germany ($73.7M), and Italy ($60.6M).
Imports In 2021, Belgium imported $4.82B in Knitted clothing accesories, becoming the 12th largest importer of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 16th most imported product in Belgium. Belgium imports Knitted clothing accesories primarily from: China ($818M), Germany ($653M), Netherlands ($453M), France ($402M), and Bangladesh ($351M).
The fastest growing import markets in Knitted clothing accesories for Belgium between 2020 and 2021 were Germany ($186M), China ($169M), and Bangladesh ($112M).
Tariffs In 2019, the average tariff for Belgium in Knitted clothing accesories was 4.26%. The countries with the highest import tariffs for Knitted clothing accesories were Republic of the Congo (Most Favoured Nation duty rate treatment, 11.7%), Western Sahara (Most Favoured Nation duty rate treatment, 11.7%), Gabon (Most Favoured Nation duty rate treatment, 11.7%), Libya (Most Favoured Nation duty rate treatment, 11.7%), and Mayotte (Most Favoured Nation duty rate treatment, 11.7%).
February 2023
Overview In February 2023 Belgium's Knitted clothing accesories exports accounted up to €105M and imports accounted up to €197M, resulting in a negative trade balance of €92.3M. Between February 2022 and February 2023 the exports of Belgium's Knitted clothing accesories have increased by €33.3M (46.6%) from €71.5M to €105M, while imports increased by €2.15M (1.1%) from €195M to €197M.
Destinations In February 2023, Knitted clothing accesories were exported mostly to Germany (€25.4M), France (€20M), Netherlands (€17.5M), Italy (€6.69M), and Spain (€5.85M), and were imported mostly from Netherlands (€33.3M), Bangladesh (€32M), Germany (€28.2M), France (€22.2M), and China (€12.1M).
Growth In February 2023, the increase in Knitted clothing accesories's year-by-year exports was explained primarily by an increase in exports to France (€4.7M or 43.9%), Canada (€4.55M or 1.31k%), and Germany (€4.17M or 33.7%). In February 2023, the increase in Knitted clothing accesories's year-by-year imports was explained primarily by an increase in imports from Bangladesh (€20.2M or 85%), Poland (€5.52M or 813%), and China (€4.8M or 28.6%).
EXPORT GROWTH (February 2022 - February 2023): €33.3M, (46.6%)
IMPORT GROWTH (February 2022 - February 2023): €2.15M, (1.1%)
MAIN DESTINATION (February 2023): Germany, €25.4M
This section shows Knitted clothing accesories'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 Knitted clothing accesories over time.
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EXPORTS (2021): $1.99B
IMPORTS (2021): $4.82B
NET TRADE (2021): -$2.83B
In 2021, Belgium exported $1.99B in Knitted clothing accesories. The main destinations of Belgium exports on Knitted clothing accesories were France ($582M), Italy ($260M), Netherlands ($207M), Germany ($202M), and Spain ($124M).
In 2021, Belgium imported $4.82B in Knitted clothing accesories, mainly from China ($818M), Germany ($653M), Netherlands ($453M), France ($402M), and Bangladesh ($351M).
THE FASTEST GROWING Knitted clothing accesories EXPORT MARKETS FOR Belgium WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted clothing accesories BY Belgium WERE (2020 - 2021):
In 2021, Belgium's main exporting competitors in Knitted clothing accesories were:
In 2021, Belgium's main importing competitors in Knitted clothing accesories were:
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