HS Icon Looms in  Flag Belgium

2019
Exports | Imports
: $421M | $2.86M, World Rnk 2 / 98
Flag Rnk 183 / 1215 | World Rnk 48 / 154
Flag Rnk 1090 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $12M | $225k, India |  China

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

2019
PRODUCT COMPLEXITY  IN Looms
: 0.52, Rnk 362 / 1029

Exports In 2019, Belgium exported $421M in Looms, making it the 2nd largest exporter of Looms in the world. At the same year, Looms was the 183rd most exported product in Belgium. The main destination of Looms exports from Belgium are: India ($75.4M), Turkey ($69.2M), China ($64.3M), Uzbekistan ($27M), and Pakistan ($23.2M).

The fastest growing export markets for Looms of Belgium between 2018 and 2019 were India ($12M), Saudi Arabia ($11M), and United States ($7.84M).

Imports In 2019, Belgium imported $2.86M in Looms, becoming the 48th largest importer of Looms in the world. At the same year, Looms was the 1090th most imported product in Belgium. Belgium imports Looms primarily from: Germany ($1.39M), Italy ($524k), China ($294k), Turkey ($125k), and France ($120k).

The fastest growing import markets in Looms for Belgium between 2018 and 2019 were China ($225k), Turkey ($125k), and Chinese Taipei ($103k).

Tariffs In 2017, the average tariff for Belgium in Looms was 0.5%. The countries with the highest import tariffs for Looms were Western Sahara (Most Favoured Nation duty rate treatement, 1.7%), Gabon (Most Favoured Nation duty rate treatement, 1.7%), Libya (Most Favoured Nation duty rate treatement, 1.7%), Mayotte (Most Favoured Nation duty rate treatement, 1.7%), and Reunion (Most Favoured Nation duty rate treatement, 1.7%).

Historical Data

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EXPORTS (2019): $421M

IMPORTS (2019): $2.86M

NET TRADE (2019): $418M

In 2019, Belgium exported $421M in Looms. The main destinations of Belgium exports on Looms were India ($75.4M), Turkey ($69.2M), China ($64.3M), Uzbekistan ($27M), and Pakistan ($23.2M).

In 2019, Belgium imported $2.86M in Looms, mainly from Germany ($1.39M), Italy ($524k), China ($294k), Turkey ($125k), and France ($120k).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Looms WITH:

Flow

THE FASTEST GROWING Looms EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY Belgium WERE (2018 - 2019):

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Market Concentration

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In 2019, Belgium's main exporting competitors in Looms were:

In 2019, Belgium's main importing competitors in Looms were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Looms was 0.5%.

The countries with the highest tariffs for Looms in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 1.7%), Gabon (Most Favoured Nation duty rate treatement, 1.7%), Libya (Most Favoured Nation duty rate treatement, 1.7%), Mayotte (Most Favoured Nation duty rate treatement, 1.7%), and Reunion (Most Favoured Nation duty rate treatement, 1.7%).