HS Icon Metalworking Transfer Machines in  Flag Belgium

2019
Exports | Imports
: $294M | $336M, World Rnk 8 / 95
Flag Rnk 239 / 1215 | World Rnk 7 / 172
Flag Rnk 228 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.6M | $1.71M, Austria |  Spain

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Metalworking Transfer Machines
: 2.25, Rnk 2 / 1029

Exports In 2019, Belgium exported $294M in Metalworking Transfer Machines, making it the 8th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 239th most exported product in Belgium. The main destination of Metalworking Transfer Machines exports from Belgium are: Italy ($75.5M), Germany ($39.3M), France ($39.1M), Poland ($20.9M), and United Kingdom ($14.6M).

The fastest growing export markets for Metalworking Transfer Machines of Belgium between 2018 and 2019 were Austria ($2.6M), Mexico ($1.71M), and Hungary ($1.53M).

Imports In 2019, Belgium imported $336M in Metalworking Transfer Machines, becoming the 7th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 228th most imported product in Belgium. Belgium imports Metalworking Transfer Machines primarily from: United States ($121M), Japan ($99.5M), United Kingdom ($61.3M), Germany ($19M), and Chinese Taipei ($14.7M).

The fastest growing import markets in Metalworking Transfer Machines for Belgium between 2018 and 2019 were Spain ($1.71M), France ($1.17M), and Chinese Taipei ($1.09M).

Tariffs In 2017, the average tariff for Belgium in Metalworking Transfer Machines was 0.8%. The countries with the highest import tariffs for Metalworking Transfer Machines were Western Sahara (Most Favoured Nation duty rate treatement, 2.7%), Gabon (Most Favoured Nation duty rate treatement, 2.7%), Libya (Most Favoured Nation duty rate treatement, 2.7%), Mayotte (Most Favoured Nation duty rate treatement, 2.7%), and Reunion (Most Favoured Nation duty rate treatement, 2.7%).

Historical Data

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EXPORTS (2019): $294M

IMPORTS (2019): $336M

NET TRADE (2019): -$41.3M

In 2019, Belgium exported $294M in Metalworking Transfer Machines. The main destinations of Belgium exports on Metalworking Transfer Machines were Italy ($75.5M), Germany ($39.3M), France ($39.1M), Poland ($20.9M), and United Kingdom ($14.6M).

In 2019, Belgium imported $336M in Metalworking Transfer Machines, mainly from United States ($121M), Japan ($99.5M), United Kingdom ($61.3M), Germany ($19M), and Chinese Taipei ($14.7M).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Metalworking Transfer Machines WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Metalworking Transfer Machines WITH:

Flow

THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Belgium WERE (2018 - 2019):

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Market Concentration

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In 2019, Belgium's main exporting competitors in Metalworking Transfer Machines were:

In 2019, Belgium's main importing competitors in Metalworking Transfer Machines were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Metalworking Transfer Machines was 0.8%.

The countries with the highest tariffs for Metalworking Transfer Machines in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 2.7%), Gabon (Most Favoured Nation duty rate treatement, 2.7%), Libya (Most Favoured Nation duty rate treatement, 2.7%), Mayotte (Most Favoured Nation duty rate treatement, 2.7%), and Reunion (Most Favoured Nation duty rate treatement, 2.7%).