2023
Exports
$260MWorld Rnk 8 / 144
Flag Rnk 260 / 1216
2023
PRODUCT COMPLEXITY IN Tool Plates
1.73Rnk 20 / 1025
2023
Imports
$56.1MWorld Rnk 26 / 191
Flag Rnk 587 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $260M in Tool Plates, making it the 8th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 260th most exported product in Belgium. The main destination of Tool Plates exports from Belgium are: Germany ($78.6M), Italy ($65.6M), France ($25.7M), Netherlands ($14.2M), and Hungary ($11.8M).

The fastest growing export markets for Tool Plates of Belgium between 2022 and 2023 were Brazil ($9.93M), Italy ($6.45M), and Luxembourg ($4.97M).

Imports In 2023, Belgium imported $56.1M in Tool Plates, becoming the 26th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 587th most imported product in Belgium. Belgium imports Tool Plates primarily from: India ($15.4M), Netherlands ($14M), Israel ($9.04M), Japan ($7.02M), and Germany ($4.94M).

The fastest growing import markets in Tool Plates for Belgium between 2022 and 2023 were Netherlands ($1.72M), Luxembourg ($276k), and Hong Kong ($158k).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€2.64M(180%)
IMPORT GROWTH (October 2023 - October 2024)€-582k(-21.9%)
MAIN DESTINATION (October 2024)United Kingdom€2.14M

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$260M
IMPORTS (2023)$56.1M
NET TRADE (2023)$204M

In 2023, Belgium exported $260M in Tool Plates. The main destinations of Belgium exports on Tool Plates were Germany ($78.6M), Italy ($65.6M), France ($25.7M), Netherlands ($14.2M), and Hungary ($11.8M).

In 2023, Belgium imported $56.1M in Tool Plates, mainly from India ($15.4M), Netherlands ($14M), Israel ($9.04M), Japan ($7.02M), and Germany ($4.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Brazil$9.93M (2.12k%)
Italy$6.45M (10.9%)
Luxembourg$4.97M (288%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Belgium WERE (2022 - 2023):
Netherlands-$4.89M (-25.6%)
Sweden-$3.51M (-23.9%)
India-$2.61M (-81.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Tool Plates were:
Germany $1.01B
Japan $874M
China $695M
In 2023, Belgium's main importing competitors in Tool Plates were:

Explore Visualizations

Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $16.3M
TOP IMPORT POTENTIALGermany+ $9.02M

Tool Plates’s highest export potential is Germany. With an export gap of $16.3M.   Tool Plates’s highest import potential is Germany with an import gap of $9.02M.

See methodology.

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