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2022
Exports $331MWorld Rnk 16 / 199
Flag Rnk 202 / 1213
2022
Destination $11.7M France
2021 - 2022
FASTEST GROWING MARKET $11.7MIndia
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.64Rnk 34 / 1025
2022
Imports $354MWorld Rnk 16 / 220
Flag Rnk 243 / 1214
2022
Origin $6.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.7MJapan
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $331M in Metalworking Machine Parts, making it the 16th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 202nd most exported product in Belgium. The main destination of Metalworking Machine Parts exports from Belgium are: France ($65M), Netherlands ($39.2M), Italy ($36.3M), Germany ($34.3M), and India ($18.3M).

The fastest growing export markets for Metalworking Machine Parts of Belgium between 2021 and 2022 were India ($11.7M), Netherlands ($11.4M), and France ($9.36M).

Imports In 2022, Belgium imported $354M in Metalworking Machine Parts, becoming the 16th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 243rd most imported product in Belgium. Belgium imports Metalworking Machine Parts primarily from: United States ($65.6M), Germany ($49.6M), Netherlands ($29.2M), Italy ($27.5M), and Slovakia ($26.2M).

The fastest growing import markets in Metalworking Machine Parts for Belgium between 2021 and 2022 were Japan ($6.7M), Slovakia ($3.96M), and Poland ($2M).

COMPANIES In 2023, leading companies such as BOEING (1) were at the forefront of shipping Metalworking Machine Parts from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Metalworking Machine Parts exports accounted up to €18.1M and imports accounted up to €19.1M, resulting in a negative trade balance of €1.02M. Between August 2023 and August 2024 the exports of Belgium's   Metalworking Machine Parts have increased by €1.11M (6.55%) from €17M to €18.1M, while imports increased by €312k (1.66%) from €18.8M to €19.1M.

Destinations In August 2024, Metalworking Machine Parts were exported mostly to Germany (€2.81M), France (€2.03M), Chinese Taipei (€1.55M), Netherlands (€1.26M), and United Kingdom (€1.05M), and were imported mostly from Germany (€3.5M), United Kingdom (€2.91M), Netherlands (€2.15M), France (€1.65M), and Poland (€1.36M).

Growth In August 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Slovakia (€307k or 26.5%), Brazil (€236k or 245%), and Japan (€215k or 497%). In August 2024, the increase in Metalworking Machine Parts's year-by-year imports was explained primarily by an increase in imports from Luxembourg (€806k or 4.33k%), Poland (€771k or 95.5%), and United Kingdom (€421k or 31.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€1.11M(6.55%)
IMPORT GROWTH (August 2023 - August 2024)€312k(1.66%)
MAIN DESTINATION (August 2024)Germany€2.81M

This section shows Metalworking Machine 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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$331M
IMPORTS (2022)$354M
NET TRADE (2022)-$22.3M

In 2022, Belgium exported $331M in Metalworking Machine Parts. The main destinations of Belgium exports on Metalworking Machine Parts were France ($65M), Netherlands ($39.2M), Italy ($36.3M), Germany ($34.3M), and India ($18.3M).

In 2022, Belgium imported $354M in Metalworking Machine Parts, mainly from United States ($65.6M), Germany ($49.6M), Netherlands ($29.2M), Italy ($27.5M), and Slovakia ($26.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
India$11.7M (177%)
Netherlands$11.4M (40.8%)
France$9.36M (16.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Belgium WERE (2021 - 2022):
Italy-$14.9M (-29%)
Germany-$12.3M (-26.3%)
Sweden-$10.3M (-59%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Metalworking Machine Parts were:
Germany $3.59B
China $2.15B
United States $2.04B
In 2022, Belgium's main importing competitors in Metalworking Machine Parts were:
United States $2.91B
Germany $2.12B
China $1.94B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $31M
TOP IMPORT POTENTIALGermany+ $39.4M

Metalworking Machine Parts’s highest export potential is Germany. With an export gap of $31M.   Metalworking Machine Parts’s highest import potential is Germany with an import gap of $39.4M.

See methodology.

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