HS Icon Tool Plates in  Flag Belgium

2019
Exports | Imports
: $552M | $447M, World Rnk 4 / 140
Flag Rnk 145 / 1215 | World Rnk 5 / 184
Flag Rnk 179 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.06M | $2.79M, United States |  China

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Tool Plates
: 2, Rnk 9 / 1029

Exports In 2019, Belgium exported $552M in Tool Plates, making it the 4th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 145th most exported product in Belgium. The main destination of Tool Plates exports from Belgium are: Germany ($130M), Italy ($79.2M), United States ($59.9M), France ($45.6M), and United Kingdom ($36.1M).

The fastest growing export markets for Tool Plates of Belgium between 2018 and 2019 were United States ($1.06M), Argentina ($837k), and United Kingdom ($343k).

Imports In 2019, Belgium imported $447M in Tool Plates, becoming the 5th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 179th most imported product in Belgium. Belgium imports Tool Plates primarily from: Israel ($186M), Sweden ($114M), South Korea ($33.9M), Japan ($32.7M), and India ($18.8M).

The fastest growing import markets in Tool Plates for Belgium between 2018 and 2019 were China ($2.79M), South Korea ($1.96M), and Japan ($987k).

Tariffs In 2017, the average tariff for Belgium in Tool Plates was 0.8%. The countries with the highest import tariffs for Tool Plates were Western Sahara (Most Favoured Nation duty rate treatement, 2.7%), Gabon (Most Favoured Nation duty rate treatement, 2.7%), Libya (Most Favoured Nation duty rate treatement, 2.7%), Mayotte (Most Favoured Nation duty rate treatement, 2.7%), and Reunion (Most Favoured Nation duty rate treatement, 2.7%).

Historical Data

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EXPORTS (2019): $552M

IMPORTS (2019): $447M

NET TRADE (2019): $106M

In 2019, Belgium exported $552M in Tool Plates. The main destinations of Belgium exports on Tool Plates were Germany ($130M), Italy ($79.2M), United States ($59.9M), France ($45.6M), and United Kingdom ($36.1M).

In 2019, Belgium imported $447M in Tool Plates, mainly from Israel ($186M), Sweden ($114M), South Korea ($33.9M), Japan ($32.7M), and India ($18.8M).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Tool Plates WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Tool Plates WITH:

Flow

THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Belgium WERE (2018 - 2019):

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Market Concentration

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In 2019, Belgium's main exporting competitors in Tool Plates were:

In 2019, Belgium's main importing competitors in Tool Plates were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Tool Plates was 0.8%.

The countries with the highest tariffs for Tool Plates in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 2.7%), Gabon (Most Favoured Nation duty rate treatement, 2.7%), Libya (Most Favoured Nation duty rate treatement, 2.7%), Mayotte (Most Favoured Nation duty rate treatement, 2.7%), and Reunion (Most Favoured Nation duty rate treatement, 2.7%).