Navigation Equipment in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $136M in Navigation Equipment, making it the 29th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 384th most exported product in Belgium. The main destination of Navigation Equipment exports from Belgium are: Germany ($28.1M), Netherlands ($16.2M), France ($12.1M), United States ($11.4M), and Japan ($9.78M).

The fastest growing export markets for Navigation Equipment of Belgium between 2021 and 2022 were Italy ($3.55M), Malaysia ($1.62M), and Netherlands ($1.37M).

Imports In 2022, Belgium imported $288M in Navigation Equipment, becoming the 19th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 287th most imported product in Belgium. Belgium imports Navigation Equipment primarily from: Germany ($58.7M), Portugal ($48.4M), Netherlands ($32.8M), Japan ($24.4M), and Vietnam ($18M).

The fastest growing import markets in Navigation Equipment for Belgium between 2021 and 2022 were Portugal ($37.2M), Vietnam ($13.3M), and Austria ($4.79M).

COMPANIES In 2023, leading companies such as ZF FRIEDRICHSHAFEN AG (96), ABB MOTORS AND MECHANICAL INC (24), and YAMAHA CORPORATION OF AMERICA (2) were at the forefront of shipping Navigation Equipment from Belgium to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Belgium's Navigation Equipment exports accounted up to €11.6M and imports accounted up to €17.1M, resulting in a negative trade balance of €5.48M. Between January 2023 and January 2024 the exports of Belgium's Navigation Equipment have decreased by €-233k (-1.96%) from €11.9M to €11.6M, while imports decreased by €-2.49M (-12.7%) from €19.6M to €17.1M.

Destinations In January 2024, Navigation Equipment were exported mostly to Germany (€1.94M), United Kingdom (€1.48M), United States (€1.31M), Luxembourg (€1.1M), and Netherlands (€887k), and were imported mostly from Portugal (€6.19M), China (€2.51M), Germany (€1.84M), France (€1.68M), and Netherlands (€1.15M).

Growth In January 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-68.6k or -21.8%), Denmark (€-18.5k or -20.3%), and China (€-17.7k or -62.3%). In January 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan (€-2.3M or -59.7%), Singapore (€-1.79M or -64.5%), and Germany (€-888k or -30.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-233k(-1.96%)

IMPORT GROWTH (January 2023 - January 2024)€-2.49M(-12.7%)

MAIN DESTINATION (January 2024)Germany€1.94M

This section shows Navigation Equipment'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 Navigation Equipment over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$136M

IMPORTS (2022)$288M

NET TRADE (2022)-$152M

In 2022, Belgium exported $136M in Navigation Equipment. The main destinations of Belgium exports on Navigation Equipment were Germany ($28.1M), Netherlands ($16.2M), France ($12.1M), United States ($11.4M), and Japan ($9.78M).

In 2022, Belgium imported $288M in Navigation Equipment, mainly from Germany ($58.7M), Portugal ($48.4M), Netherlands ($32.8M), Japan ($24.4M), and Vietnam ($18M).

Explore Visualizations