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2022
Exports $169MWorld Rnk 11 / 206
Flag Rnk 343 / 1213
2022
Destination $3.09M France
2021 - 2022
FASTEST GROWING MARKET $3.09MHong Kong
2022
PRODUCT COMPLEXITY IN Motor-working Tools1.33Rnk 88 / 1025
2022
Imports $236MWorld Rnk 11 / 224
Flag Rnk 324 / 1214
2022
Origin $2.06M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.06MCanada
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $169M in Motor-working Tools, making it the 11th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 343rd most exported product in Belgium. The main destination of Motor-working Tools exports from Belgium are: France ($29.9M), Netherlands ($26.4M), Germany ($20.1M), Italy ($13.1M), and Poland ($9.37M).

The fastest growing export markets for Motor-working Tools of Belgium between 2021 and 2022 were Hong Kong ($3.09M), Netherlands ($1.59M), and Democratic Republic of the Congo ($1.14M).

Imports In 2022, Belgium imported $236M in Motor-working Tools, becoming the 11th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 324th most imported product in Belgium. Belgium imports Motor-working Tools primarily from: Germany ($44.1M), Sweden ($33.4M), Hungary ($30.6M), China ($27.6M), and Chinese Taipei ($22M).

The fastest growing import markets in Motor-working Tools for Belgium between 2021 and 2022 were Canada ($2.06M), France ($2.01M), and United States ($1.44M).

COMPANIES In 2023, leading companies such as Stihl (21), Volvo (2), and Stanley Black & Decker (2) were at the forefront of shipping Motor-working Tools from Belgium to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Belgium's Motor-working Tools exports accounted up to €54.6M and imports accounted up to €94.9M, resulting in a negative trade balance of €40.2M. Between June 2023 and June 2024 the exports of Belgium's   Motor-working Tools have decreased by €-11.9M (-17.9%) from €66.5M to €54.6M, while imports increased by €34M (55.8%) from €60.9M to €94.9M.

Destinations In June 2024, Motor-working Tools were exported mostly to Germany (€9M), Netherlands (€6.24M), Poland (€5.94M), France (€4.21M), and United Kingdom (€3.57M), and were imported mostly from Sweden (€44.4M), China (€15.7M), Germany (€11.3M), Czechia (€3.9M), and Netherlands (€3.36M).

Growth In June 2024, the decrease in Motor-working Tools's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-599k or -18.4%), Luxembourg (€-268k or -17.8%), and Japan (€-233k or -57.7%). In June 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from Germany (€4.2M or 59.9%), France (€1.24M or 50.9%), and Canada (€753k or 2.67k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-11.9M(-17.9%)
IMPORT GROWTH (June 2023 - June 2024)€34M(55.8%)
MAIN DESTINATION (June 2024)Germany€9M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$169M
IMPORTS (2022)$236M
NET TRADE (2022)-$66.6M

In 2022, Belgium exported $169M in Motor-working Tools. The main destinations of Belgium exports on Motor-working Tools were France ($29.9M), Netherlands ($26.4M), Germany ($20.1M), Italy ($13.1M), and Poland ($9.37M).

In 2022, Belgium imported $236M in Motor-working Tools, mainly from Germany ($44.1M), Sweden ($33.4M), Hungary ($30.6M), China ($27.6M), and Chinese Taipei ($22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Hong Kong$3.09M (1.44k%)
Netherlands$1.59M (6.4%)
Democratic Republic of the Congo$1.14M (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Belgium WERE (2021 - 2022):
Germany-$6.46M (-24.4%)
United Kingdom-$5.99M (-64.4%)
Denmark-$1.57M (-54.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Motor-working Tools were:
China $3.37B
Germany $1.3B
Chinese Taipei $897M
In 2022, Belgium's main importing competitors in Motor-working Tools were:
United States $1.76B
Germany $581M
France $454M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $47.5M
TOP IMPORT POTENTIALGermany+ $62M

Motor-working Tools’s highest export potential is Germany. With an export gap of $47.5M.   Motor-working Tools’s highest import potential is Germany with an import gap of $62M.

See methodology.

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