2022
Exports
$706MWorld Rnk 1 / 92
Flag Rnk 104 / 1213
2022
PRODUCT COMPLEXITY IN Looms
0.9Rnk 209 / 1025
2022
Imports
$3.17MWorld Rnk 52 / 159
Flag Rnk 1091 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $706M in Looms, making it the 1st largest exporter of Looms in the world. At the same year, Looms was the 104th most exported product in Belgium. The main destination of Looms exports from Belgium are: Turkey ($187M), China ($91M), Iran ($87M), India ($86.1M), and Pakistan ($56.6M).

The fastest growing export markets for Looms of Belgium between 2021 and 2022 were Iran ($48.4M), India ($43.2M), and Bangladesh ($18.9M).

Imports In 2022, Belgium imported $3.17M in Looms, becoming the 52nd largest importer of Looms in the world. At the same year, Looms was the 1091st most imported product in Belgium. Belgium imports Looms primarily from: Germany ($1.37M), Italy ($489k), Japan ($406k), China ($393k), and Switzerland ($170k).

The fastest growing import markets in Looms for Belgium between 2021 and 2022 were Germany ($714k), Italy ($407k), and Japan ($220k).

COMPANIES In 2023, leading companies such as Hyosung (1) were at the forefront of shipping Looms from Belgium to the United States.

Latest Trends

May 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-35.8M(-87.1%)
IMPORT GROWTH (May 2023 - May 2024)€-38(-84.4%)
MAIN DESTINATION (May 2024)China€3.93M

This section shows Looms'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 Looms over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$706M
IMPORTS (2022)$3.17M
NET TRADE (2022)$702M

In 2022, Belgium exported $706M in Looms. The main destinations of Belgium exports on Looms were Turkey ($187M), China ($91M), Iran ($87M), India ($86.1M), and Pakistan ($56.6M).

In 2022, Belgium imported $3.17M in Looms, mainly from Germany ($1.37M), Italy ($489k), Japan ($406k), China ($393k), and Switzerland ($170k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Iran$48.4M (125%)
India$43.2M (101%)
Bangladesh$18.9M (163%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY Belgium WERE (2021 - 2022):
Pakistan-$95.3M (-62.7%)
Turkey-$46.9M (-20%)
Turkmenistan-$12.2M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Looms were:
China $609M
Japan $358M
In 2022, Belgium's main importing competitors in Looms were:
India $694M
China $284M

Explore Visualizations

Trade Value of Looms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $3.8M
TOP IMPORT POTENTIALGermany+ $474k

Looms’s highest export potential is France. With an export gap of $3.8M.   Looms’s highest import potential is Germany with an import gap of $474k.

See methodology.

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