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2022
Exports $36.8MWorld Rnk 23 / 200
Flag Rnk 89 / 96
2022
Destination $1.34M Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.34MTurkey
2022
PRODUCT COMPLEXITY IN Musical instruments1.43Rnk 66 / 1025
2022
Imports $144MWorld Rnk 14 / 224
Flag Rnk 84 / 96
2022
Origin $7.62M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $7.62MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $36.8M in Musical instruments, making it the 23rd largest exporter of Musical instruments in the world. At the same year, Musical instruments was the 89th most exported product in Belgium. The main destination of Musical instruments exports from Belgium are: Netherlands ($6.6M), France ($5.57M), Italy ($4.05M), Germany ($3.62M), and Portugal ($1.48M).

The fastest growing export markets for Musical instruments of Belgium between 2021 and 2022 were Turkey ($1.34M), Denmark ($1.21M), and Cyprus ($498k).

Imports In 2022, Belgium imported $144M in Musical instruments, becoming the 14th largest importer of Musical instruments in the world. At the same year, Musical instruments was the 84th most imported product in Belgium. Belgium imports Musical instruments primarily from: Malaysia ($40.9M), Germany ($27.1M), China ($23.1M), Netherlands ($19.1M), and United States ($11.5M).

The fastest growing import markets in Musical instruments for Belgium between 2021 and 2022 were Germany ($7.62M), China ($6.5M), and United States ($6.21M).

COMPANIES In 2023, leading companies such as MISA Imports (1) were at the forefront of shipping Musical instruments from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Musical instruments exports accounted up to €1.2M and imports accounted up to €3.24M, resulting in a negative trade balance of €2.05M. Between July 2023 and July 2024 the exports of Belgium's   Musical instruments have increased by €52.7k (4.61%) from €1.14M to €1.2M, while imports increased by €806k (33.1%) from €2.44M to €3.24M.

Destinations In July 2024, Musical instruments were exported mostly to Germany (€343k), France (€209k), Netherlands (€187k), United States (€144k), and United Kingdom (€56.1k), and were imported mostly from Netherlands (€827k), China (€803k), Germany (€579k), Japan (€262k), and France (€255k).

Growth In July 2024, the increase in Musical instruments's year-by-year exports was explained primarily by an increase in exports to France (€115k or 32.3%), Italy (€87k or 289%), and Turkey (€76.8k or 160%). In July 2024, the increase in Musical instruments's year-by-year imports was explained primarily by an increase in imports from Germany (€243k or 359%), Japan (€208k or 161%), and United States (€126k or 51.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€52.7k(4.61%)
IMPORT GROWTH (July 2023 - July 2024)€806k(33.1%)
MAIN DESTINATION (July 2024)Germany€343k

This section shows Musical instruments'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 Musical instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.8M
IMPORTS (2022)$144M
NET TRADE (2022)-$107M

In 2022, Belgium exported $36.8M in Musical instruments. The main destinations of Belgium exports on Musical instruments were Netherlands ($6.6M), France ($5.57M), Italy ($4.05M), Germany ($3.62M), and Portugal ($1.48M).

In 2022, Belgium imported $144M in Musical instruments, mainly from Malaysia ($40.9M), Germany ($27.1M), China ($23.1M), Netherlands ($19.1M), and United States ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical instruments EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Turkey$1.34M (37.3k%)
Denmark$1.21M (2.01k%)
Cyprus$498k (314%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments BY Belgium WERE (2021 - 2022):
France-$2.72M (-32.8%)
Switzerland-$2.45M (-86.9%)
Germany-$1.53M (-29.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Musical instruments were:
China $2.53B
Indonesia $1.08B
Germany $1.01B
In 2022, Belgium's main importing competitors in Musical instruments were:
United States $1.91B
Germany $876M
China $615M

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Trade Value of Musical instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.12M
TOP IMPORT POTENTIALGermany+ $10.1M

Musical instruments’s highest export potential is Germany. With an export gap of $4.12M.   Musical instruments’s highest import potential is Germany with an import gap of $10.1M.

See methodology.

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