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2023
Exports $178MWorld Rnk 9 / 104
Flag Rnk 332 / 1216
2023
Destination $6.26M Italy
2022 - 2023
FASTEST GROWING MARKET $6.26MHungary
2023
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.12Rnk 2 / 1025
2023
Imports $170MWorld Rnk 12 / 169
Flag Rnk 352 / 1213
2023
Origin $11.2M United States
2022 - 2023
FASTEST GROWING ORIGIN $11.2MGermany
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $178M in Metalworking Transfer Machines, making it the 9th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 332nd most exported product in Belgium. The main destination of Metalworking Transfer Machines exports from Belgium are: Italy ($67.5M), France ($36.1M), Poland ($11.1M), Netherlands ($9.8M), and Hungary ($8.45M).

The fastest growing export markets for Metalworking Transfer Machines of Belgium between 2022 and 2023 were Hungary ($6.26M), France ($4.14M), and China ($3.22M).

Imports In 2023, Belgium imported $170M in Metalworking Transfer Machines, becoming the 12th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 352nd most imported product in Belgium. Belgium imports Metalworking Transfer Machines primarily from: United States ($109M), Germany ($22.1M), United Kingdom ($9M), Netherlands ($7.95M), and Japan ($6.08M).

The fastest growing import markets in Metalworking Transfer Machines for Belgium between 2022 and 2023 were Germany ($11.2M), Netherlands ($5.2M), and Japan ($1.77M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Metalworking Transfer Machines exports accounted up to €22.7M and imports accounted up to €12.2M, resulting in a positive trade balance of €10.6M. Between October 2023 and October 2024 the exports of Belgium's   Metalworking Transfer Machines have increased by €15.9M (233%) from €6.82M to €22.7M, while imports increased by €1.4M (13%) from €10.8M to €12.2M.

Destinations In October 2024, Metalworking Transfer Machines were exported mostly to Chinese Taipei (€14.6M), France (€1.11M), Poland (€960k), Germany (€786k), and Spain (€762k), and were imported mostly from United States (€9.69M), Netherlands (€1.31M), Czechia (€800k), Germany (€198k), and Japan (€146k).

Growth In October 2024, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to Croatia (€400k or 285%), Czechia (€337k or 89.4%), and Portugal (€194k or 122%). In October 2024, the increase in Metalworking Transfer Machines's year-by-year imports was explained primarily by an increase in imports from Japan (€270k or 959%) and Chinese Taipei (€816 or 8.86%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€15.9M(233%)
IMPORT GROWTH (October 2023 - October 2024)€1.4M(13%)
MAIN DESTINATION (October 2024)Chinese Taipei€14.6M

This section shows Metalworking Transfer Machines'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 Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$178M
IMPORTS (2023)$170M
NET TRADE (2023)$8.35M

In 2023, Belgium exported $178M in Metalworking Transfer Machines. The main destinations of Belgium exports on Metalworking Transfer Machines were Italy ($67.5M), France ($36.1M), Poland ($11.1M), Netherlands ($9.8M), and Hungary ($8.45M).

In 2023, Belgium imported $170M in Metalworking Transfer Machines, mainly from United States ($109M), Germany ($22.1M), United Kingdom ($9M), Netherlands ($7.95M), and Japan ($6.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Hungary$6.26M (286%)
France$4.14M (13%)
China$3.22M (462%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Belgium WERE (2022 - 2023):
Italy-$10.5M (-13.5%)
Czechia-$2.67M (-39.5%)
Denmark-$2.3M (-35.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Metalworking Transfer Machines were:
Japan $2.78B
Germany $2.04B
Chinese Taipei $960M
In 2023, Belgium's main importing competitors in Metalworking Transfer Machines were:
China $1.78B
United States $1.61B
Turkey $670M

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $8.84M
TOP IMPORT POTENTIALGermany+ $11.1M

Metalworking Transfer Machines’s highest export potential is Germany. With an export gap of $8.84M.   Metalworking Transfer Machines’s highest import potential is Germany with an import gap of $11.1M.

See methodology.

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