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2022
Exports $52.4MWorld Rnk 22 / 176
Flag Rnk 550 / 1213
2022
Destination $4.32M Netherlands
2021 - 2022
FASTEST GROWING MARKET $4.32MNetherlands
2022
PRODUCT COMPLEXITY IN Textile Processing Machines1.32Rnk 91 / 1025
2022
Imports $115MWorld Rnk 23 / 216
Flag Rnk 478 / 1214
2022
Origin $1.89M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.89MItaly
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $52.4M in Textile Processing Machines, making it the 22nd largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 550th most exported product in Belgium. The main destination of Textile Processing Machines exports from Belgium are: Netherlands ($13.3M), France ($9.94M), Germany ($3.35M), Czechia ($2.77M), and United States ($2.41M).

The fastest growing export markets for Textile Processing Machines of Belgium between 2021 and 2022 were Netherlands ($4.32M), Colombia ($1.47M), and Germany ($1.37M).

Imports In 2022, Belgium imported $115M in Textile Processing Machines, becoming the 23rd largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 478th most imported product in Belgium. Belgium imports Textile Processing Machines primarily from: Germany ($34.8M), Netherlands ($25.5M), Turkey ($16.9M), France ($6.53M), and China ($5.72M).

The fastest growing import markets in Textile Processing Machines for Belgium between 2021 and 2022 were Italy ($1.89M), Czechia ($1.44M), and United States ($1.34M).

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Textile Processing Machines exports accounted up to €2.42M and imports accounted up to €3.8M, resulting in a negative trade balance of €1.37M. Between September 2023 and September 2024 the exports of Belgium's   Textile Processing Machines have decreased by €-2.97M (-55.1%) from €5.39M to €2.42M, while imports decreased by €-2.46M (-39.3%) from €6.26M to €3.8M.

Destinations In September 2024, Textile Processing Machines were exported mostly to India (€434k), France (€429k), Germany (€405k), Sweden (€273k), and Switzerland (€129k), and were imported mostly from Germany (€1.84M), China (€584k), Denmark (€497k), France (€489k), and Romania (€121k).

Growth In September 2024, the decrease in Textile Processing Machines's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-164k or -95.7%), United States (€-44.2k or -30.2%), and Estonia (€-17.1k or -97.6%). In September 2024, the decrease in Textile Processing Machines's year-by-year imports was explained primarily by a decrease in imports from United States (€-114k or -55.8%), Czechia (€-107k or -63.4%), and China (€-106k or -24.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-2.97M(-55.1%)
IMPORT GROWTH (September 2023 - September 2024)€-2.46M(-39.3%)
MAIN DESTINATION (September 2024)India€434k

This section shows Textile Processing Machines'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 Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52.4M
IMPORTS (2022)$115M
NET TRADE (2022)-$62.8M

In 2022, Belgium exported $52.4M in Textile Processing Machines. The main destinations of Belgium exports on Textile Processing Machines were Netherlands ($13.3M), France ($9.94M), Germany ($3.35M), Czechia ($2.77M), and United States ($2.41M).

In 2022, Belgium imported $115M in Textile Processing Machines, mainly from Germany ($34.8M), Netherlands ($25.5M), Turkey ($16.9M), France ($6.53M), and China ($5.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$4.32M (48.1%)
Colombia$1.47M (1%)
Germany$1.37M (68.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY Belgium WERE (2021 - 2022):
Italy-$819k (-56.9%)
Canada-$660k (-94.4%)
United Kingdom-$625k (-49.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Textile Processing Machines were:
China $1.79B
South Korea $1.01B
Poland $976M
In 2022, Belgium's main importing competitors in Textile Processing Machines were:
United States $1.83B
Germany $801M
China $419M

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.95M
TOP IMPORT POTENTIALGermany+ $11.6M

Textile Processing Machines’s highest export potential is Germany. With an export gap of $4.95M.   Textile Processing Machines’s highest import potential is Germany with an import gap of $11.6M.

See methodology.

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