2023
Exports
$25.7BWorld Rnk 25 / 226
Flag Rnk 5 / 96
2023
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.12Rnk 2 / 1025
2023
Imports
$30.7BWorld Rnk 25 / 226
Flag Rnk 4 / 96
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $25.7B in Machinery, mechanical appliances, & parts, making it the 25th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 5th most exported product in Belgium. The main destination of Machinery, mechanical appliances, & parts exports from Belgium are: France ($4.35B), Netherlands ($3.38B), Germany ($2.29B), Italy ($2.03B), and United States ($1.87B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Belgium between 2022 and 2023 were France ($513M), United States ($276M), and Hong Kong ($170M).

Imports In 2023, Belgium imported $30.7B in Machinery, mechanical appliances, & parts, becoming the 25th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most imported product in Belgium. Belgium imports Machinery, mechanical appliances, & parts primarily from: Germany ($6.09B), Netherlands ($4.64B), France ($2.78B), United States ($2.23B), and China ($2.21B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Belgium between 2022 and 2023 were France ($397M), Sweden ($333M), and United Kingdom ($186M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (1.74k), John Deere (844), and Schindler Elevators (690) were at the forefront of shipping Machinery, mechanical appliances, & parts from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€279M(15.6%)
IMPORT GROWTH (November 2023 - November 2024)€460M(26.2%)
MAIN DESTINATION (November 2024)Netherlands€223M

This section shows Machinery, mechanical appliances, & parts'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 Machinery, mechanical appliances, & parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$25.7B
IMPORTS (2023)$30.7B
NET TRADE (2023)-$4.95B

In 2023, Belgium exported $25.7B in Machinery, mechanical appliances, & parts. The main destinations of Belgium exports on Machinery, mechanical appliances, & parts were France ($4.35B), Netherlands ($3.38B), Germany ($2.29B), Italy ($2.03B), and United States ($1.87B).

In 2023, Belgium imported $30.7B in Machinery, mechanical appliances, & parts, mainly from Germany ($6.09B), Netherlands ($4.64B), France ($2.78B), United States ($2.23B), and China ($2.21B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$513M (13.4%)
United States$276M (17.3%)
Hong Kong$170M (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Belgium WERE (2022 - 2023):
India-$405M (-51.7%)
Israel-$70.6M (-49.4%)
Pakistan-$59.3M (-74.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2023, Belgium's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.98B
TOP IMPORT POTENTIALGermany+ $3.16B

Machinery, mechanical appliances, & parts’s highest export potential is Germany. With an export gap of $1.98B.   Machinery, mechanical appliances, & parts’s highest import potential is Germany with an import gap of $3.16B.

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