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2023
Exports $524MWorld Rnk 2 / 92
Flag Rnk 145 / 1216
2023
Destination $34.2M Turkey
2022 - 2023
FASTEST GROWING MARKET $34.2MIndia
2023
PRODUCT COMPLEXITY IN Looms0.87Rnk 221 / 1025
2023
Imports $3.68MWorld Rnk 43 / 155
Flag Rnk 1037 / 1213
2023
Origin $1.24M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.24MGermany
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $524M in Looms, making it the 2nd largest exporter of Looms in the world. At the same year, Looms was the 145th most exported product in Belgium. The main destination of Looms exports from Belgium are: Turkey ($138M), India ($114M), Iran ($65.1M), China ($65M), and Russia ($18.3M).

The fastest growing export markets for Looms of Belgium between 2022 and 2023 were India ($34.2M), Russia ($16.9M), and Italy ($5.33M).

Imports In 2023, Belgium imported $3.68M in Looms, becoming the 43rd largest importer of Looms in the world. At the same year, Looms was the 1037th most imported product in Belgium. Belgium imports Looms primarily from: Germany ($2.31M), Morocco ($384k), Japan ($360k), France ($206k), and Portugal ($112k).

The fastest growing import markets in Looms for Belgium between 2022 and 2023 were Germany ($1.24M), Morocco ($384k), and France ($157k).

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

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Looms exports accounted up to €38M and imports accounted up to €116k, resulting in a positive trade balance of €37.9M. Between October 2023 and October 2024 the exports of Belgium's   Looms have increased by €10.4M (37.5%) from €27.6M to €38M, while imports increased by €18.9k (19.4%) from €97.2k to €116k.

Destinations In October 2024, Looms were exported mostly to Turkey (€6.55M), China (€6.55M), Pakistan (€4.34M), India (€3.94M), and Uzbekistan (€3.1M), and were imported mostly from Netherlands (€110k), United States (€6.15k), France (€83), China (€52), and Germany (€0).

Growth In October 2024, the increase in Looms's year-by-year exports was explained primarily by an increase in exports to Iran (€3.75M or 60.2%), India (€2.01M or 32.8%), and Turkey (€1.99M or 15.9%). In October 2024, the increase in Looms's year-by-year imports was explained primarily by an increase in imports from China (€309 or 1.47k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€10.4M(37.5%)
IMPORT GROWTH (October 2023 - October 2024)€18.9k(19.4%)
MAIN DESTINATION (October 2024)Turkey€6.55M

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 (2023)$524M
IMPORTS (2023)$3.68M
NET TRADE (2023)$520M

In 2023, Belgium exported $524M in Looms. The main destinations of Belgium exports on Looms were Turkey ($138M), India ($114M), Iran ($65.1M), China ($65M), and Russia ($18.3M).

In 2023, Belgium imported $3.68M in Looms, mainly from Germany ($2.31M), Morocco ($384k), Japan ($360k), France ($206k), and Portugal ($112k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
India$34.2M (43.1%)
Russia$16.9M (1.18k%)
Italy$5.33M (41.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY Belgium WERE (2022 - 2023):
Pakistan-$54.8M (-96.7%)
Turkey-$52.9M (-27.8%)
Bangladesh-$29.7M (-97.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Looms were:
China $558M
Japan $419M
In 2023, Belgium's main importing competitors in Looms were:
India $760M
China $254M
Turkey $217M

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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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