2022
Exports
$48.7MWorld Rnk 10 / 119
Flag Rnk 561 / 1213
2022
PRODUCT COMPLEXITY IN Textile Fiber Machinery
1.53Rnk 47 / 1025
2022
Imports
$4.58MWorld Rnk 52 / 178
Flag Rnk 1045 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $48.7M in Textile Fiber Machinery, making it the 10th largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 561st most exported product in Belgium. The main destination of Textile Fiber Machinery exports from Belgium are: India ($24.2M), France ($10.4M), China ($3.8M), United States ($2.57M), and Nicaragua ($1.46M).

The fastest growing export markets for Textile Fiber Machinery of Belgium between 2021 and 2022 were India ($15.2M), United States ($2.1M), and Nicaragua ($1.46M).

Imports In 2022, Belgium imported $4.58M in Textile Fiber Machinery, becoming the 52nd largest importer of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 1045th most imported product in Belgium. Belgium imports Textile Fiber Machinery primarily from: Germany ($1.99M), Italy ($844k), Spain ($519k), France ($220k), and China ($162k).

The fastest growing import markets in Textile Fiber Machinery for Belgium between 2021 and 2022 were Germany ($1.31M), Spain ($405k), and Italy ($223k).

COMPANIES In 2023, leading companies such as Design Within Reach (1) were at the forefront of shipping Textile Fiber Machinery from Belgium to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-2.57M(-64.9%)
IMPORT GROWTH (July 2023 - July 2024)€66.2k(293%)
MAIN DESTINATION (July 2024)United States€349k

This section shows Textile Fiber Machinery'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 Textile Fiber Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$48.7M
IMPORTS (2022)$4.58M
NET TRADE (2022)$44.1M

In 2022, Belgium exported $48.7M in Textile Fiber Machinery. The main destinations of Belgium exports on Textile Fiber Machinery were India ($24.2M), France ($10.4M), China ($3.8M), United States ($2.57M), and Nicaragua ($1.46M).

In 2022, Belgium imported $4.58M in Textile Fiber Machinery, mainly from Germany ($1.99M), Italy ($844k), Spain ($519k), France ($220k), and China ($162k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
India$15.2M (168%)
United States$2.1M (443%)
Nicaragua$1.46M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY Belgium WERE (2021 - 2022):
Egypt-$2.85M (-97.9%)
Turkey-$2.47M (-84.7%)
Lithuania-$1.23M (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Textile Fiber Machinery were:
China $1.08B
Japan $807M
In 2022, Belgium's main importing competitors in Textile Fiber Machinery were:
China $687M
India $547M

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Trade Value of Textile Fiber Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.4M
TOP IMPORT POTENTIALGermany+ $1.51M

Textile Fiber Machinery’s highest export potential is China. With an export gap of $2.4M.   Textile Fiber Machinery’s highest import potential is Germany with an import gap of $1.51M.

See methodology.

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