2022
Exports
$24.8BWorld Rnk 23 / 226
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$34.6BWorld Rnk 21 / 226
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $24.8B in Machinery, mechanical appliances, & parts, making it the 23rd 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 ($3.58B), Netherlands ($2.96B), Germany ($2.52B), United States ($1.96B), and Italy ($1.67B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Belgium between 2021 and 2022 were Italy ($116M), Austria ($66M), and Australia ($52.1M).

Imports In 2022, Belgium imported $34.6B in Machinery, mechanical appliances, & parts, becoming the 21st 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 ($6.28B), Netherlands ($4.67B), China ($3.85B), United States ($2.73B), and France ($2.58B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Belgium between 2021 and 2022 were China ($599M), United States ($142M), and Poland ($92.4M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (1.71k), 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

March 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-489M(-19.8%)
IMPORT GROWTH (March 2023 - March 2024)€-377M(-14.8%)
MAIN DESTINATION (March 2024)France€259M

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 (2022)$24.8B
IMPORTS (2022)$34.6B
NET TRADE (2022)-$9.8B

In 2022, Belgium exported $24.8B in Machinery, mechanical appliances, & parts. The main destinations of Belgium exports on Machinery, mechanical appliances, & parts were France ($3.58B), Netherlands ($2.96B), Germany ($2.52B), United States ($1.96B), and Italy ($1.67B).

In 2022, Belgium imported $34.6B in Machinery, mechanical appliances, & parts, mainly from Germany ($6.28B), Netherlands ($4.67B), China ($3.85B), United States ($2.73B), and France ($2.58B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$116M (7.45%)
Austria$66M (17.6%)
Australia$52.1M (24.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Belgium WERE (2021 - 2022):
United Kingdom-$215M (-19.1%)
China-$210M (-25.8%)
Russia-$195M (-66.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2022, Belgium's main importing competitors in Machinery, mechanical appliances, & parts were:

Explore Visualizations

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

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