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Pricing

2022
Exports $93.1MWorld Rnk 8 / 78
Flag Rnk 452 / 1213
2022
Destination $32.5M Indonesia
2021 - 2022
FASTEST GROWING MARKET $32.5MIndonesia
2022
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.46Rnk 688 / 1025
2022
Imports $103MWorld Rnk 10 / 130
Flag Rnk 506 / 1214
2022
Origin $15.9M France
2021 - 2022
FASTEST GROWING ORIGIN $15.9MFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $93.1M in Tanks and Armored vehicles, making it the 8th largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 452nd most exported product in Belgium. The main destination of Tanks and Armored vehicles exports from Belgium are: Indonesia ($35M), Ukraine ($21.1M), Switzerland ($14.4M), Canada ($6.36M), and United States ($3.37M).

The fastest growing export markets for Tanks and Armored vehicles of Belgium between 2021 and 2022 were Indonesia ($32.5M), Ukraine ($21.1M), and Netherlands ($2.66M).

Imports In 2022, Belgium imported $103M in Tanks and Armored vehicles, becoming the 10th largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 506th most imported product in Belgium. Belgium imports Tanks and Armored vehicles primarily from: France ($34.8M), Switzerland ($21.8M), Senegal ($13.6M), United Kingdom ($12.6M), and Canada ($8.91M).

The fastest growing import markets in Tanks and Armored vehicles for Belgium between 2021 and 2022 were France ($15.9M), Senegal ($13.4M), and United Kingdom ($8.23M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Tanks and Armored vehicles exports accounted up to €1.33M and imports accounted up to €6.1M, resulting in a negative trade balance of €4.78M. Between August 2023 and August 2024 the exports of Belgium's   Tanks and Armored vehicles have decreased by €-4.53M (-77.4%) from €5.86M to €1.33M, while imports increased by €2.69M (78.5%) from €3.42M to €6.1M.

Destinations In August 2024, Tanks and Armored vehicles were exported mostly to United States (€1.04M), United Kingdom (€214k), Netherlands (€46.4k), Germany (€12.5k), and Spain (€10.8k), and were imported mostly from Switzerland (€3.16M), United States (€2.43M), United Kingdom (€282k), Austria (€159k), and Germany (€66.5k).

Growth In August 2024, the decrease in Tanks and Armored vehicles's year-by-year exports was explained primarily by a decrease in exports to United States (€-290k or -97.7%) and United Kingdom (€-123k or -42.8%). In August 2024, the increase in Tanks and Armored vehicles's year-by-year imports was explained primarily by an increase in imports from Switzerland (€398k or 410%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-4.53M(-77.4%)
IMPORT GROWTH (August 2023 - August 2024)€2.69M(78.5%)
MAIN DESTINATION (August 2024)United States€1.04M

This section shows Tanks and Armored vehicles'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 Tanks and Armored vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$93.1M
IMPORTS (2022)$103M
NET TRADE (2022)-$10.4M

In 2022, Belgium exported $93.1M in Tanks and Armored vehicles. The main destinations of Belgium exports on Tanks and Armored vehicles were Indonesia ($35M), Ukraine ($21.1M), Switzerland ($14.4M), Canada ($6.36M), and United States ($3.37M).

In 2022, Belgium imported $103M in Tanks and Armored vehicles, mainly from France ($34.8M), Switzerland ($21.8M), Senegal ($13.6M), United Kingdom ($12.6M), and Canada ($8.91M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Indonesia$32.5M (1.34k%)
Ukraine$21.1M (1%)
Netherlands$2.66M (464%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY Belgium WERE (2021 - 2022):
Canada-$692M (-99.1%)
Switzerland-$10M (-41%)
Finland-$1.29M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Tanks and Armored vehicles were:
United States $954M
Canada $954M
Germany $377M
In 2022, Belgium's main importing competitors in Tanks and Armored vehicles were:
Saudi Arabia $674M
United States $379M
Kuwait $304M

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $2.1M
TOP IMPORT POTENTIALGermany+ $3.18M

Tanks and Armored vehicles’s highest export potential is Netherlands. With an export gap of $2.1M.   Tanks and Armored vehicles’s highest import potential is Germany with an import gap of $3.18M.

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