Tool Plates in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $131M in Tool Plates, making it the 10th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 391st most exported product in Belgium. The main destination of Tool Plates exports from Belgium are: Germany ($32.8M), Netherlands ($21.6M), France ($14M), Sweden ($9.72M), and India ($7.96M).

The fastest growing export markets for Tool Plates of Belgium between 2021 and 2022 were Netherlands ($12M), India ($3.8M), and Brazil ($1.53M).

Imports In 2022, Belgium imported $178M in Tool Plates, becoming the 8th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 374th most imported product in Belgium. Belgium imports Tool Plates primarily from: Israel ($74.8M), Japan ($28.3M), South Korea ($22.5M), India ($22.3M), and Germany ($9.39M).

The fastest growing import markets in Tool Plates for Belgium between 2021 and 2022 were Japan ($4.74M), Netherlands ($2.36M), and Bulgaria ($12.7k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Tool Plates from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Tool Plates exports accounted up to €1.04M and imports accounted up to €1.94M, resulting in a negative trade balance of €891k. Between December 2022 and December 2023 the exports of Belgium's Tool Plates have decreased by €-2.2M (-67.8%) from €3.24M to €1.04M, while imports decreased by €-6.23M (-76.3%) from €8.16M to €1.94M.

Destinations In December 2023, Tool Plates were exported mostly to Brazil (€677k), India (€67.5k), United Kingdom (€64.9k), Netherlands (€48.6k), and Japan (€35.2k), and were imported mostly from Netherlands (€837k), Israel (€379k), Germany (€328k), Japan (€147k), and Switzerland (€82.1k).

Growth In December 2023, the decrease in Tool Plates's year-by-year exports was explained primarily by a decrease in exports to United States (€-4.8M or -100%), India (€-4.31M or -97.5%), and Germany (€-3.45M or -96%). In December 2023, the decrease in Tool Plates's year-by-year imports was explained primarily by a decrease in imports from Sweden (€-4.63M or -100%), France (€-254k or -81.8%), and Italy (€-177k or -93%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-2.2M(-67.8%)

IMPORT GROWTH (December 2022 - December 2023)€-6.23M(-76.3%)

MAIN DESTINATION (December 2023)Brazil€677k

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$131M

IMPORTS (2022)$178M

NET TRADE (2022)-$46.6M

In 2022, Belgium exported $131M in Tool Plates. The main destinations of Belgium exports on Tool Plates were Germany ($32.8M), Netherlands ($21.6M), France ($14M), Sweden ($9.72M), and India ($7.96M).

In 2022, Belgium imported $178M in Tool Plates, mainly from Israel ($74.8M), Japan ($28.3M), South Korea ($22.5M), India ($22.3M), and Germany ($9.39M).

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