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2022
Exports $777MWorld Rnk 21 / 226
Flag Rnk 51 / 96
2022
Destination $14M France
2021 - 2022
FASTEST GROWING MARKET $14MNetherlands
2022
PRODUCT COMPLEXITY IN Tools & cutlery1.7Rnk 24 / 1025
2022
Imports $1.28BWorld Rnk 16 / 225
Flag Rnk 49 / 96
2022
Origin $5.94M Germany
2021 - 2022
FASTEST GROWING ORIGIN $5.94MVietnam
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $777M in Tools & cutlery, making it the 21st largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 51st most exported product in Belgium. The main destination of Tools & cutlery exports from Belgium are: France ($173M), Netherlands ($125M), Germany ($82.9M), Italy ($53.3M), and Sweden ($32.7M).

The fastest growing export markets for Tools & cutlery of Belgium between 2021 and 2022 were Netherlands ($14M), India ($7.9M), and Turkey ($3.94M).

Imports In 2022, Belgium imported $1.28B in Tools & cutlery, becoming the 16th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 49th most imported product in Belgium. Belgium imports Tools & cutlery primarily from: Germany ($200M), China ($193M), Netherlands ($193M), Israel ($81.5M), and France ($78.1M).

The fastest growing import markets in Tools & cutlery for Belgium between 2021 and 2022 were Vietnam ($5.94M), Senegal ($4.34M), and Poland ($2.46M).

COMPANIES In 2023, leading companies such as Stihl (48), AGCO (33), and Dow Chemical (25) were at the forefront of shipping Tools & cutlery from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Tools & cutlery exports accounted up to €38.3M and imports accounted up to €55.9M, resulting in a negative trade balance of €17.5M. Between August 2023 and August 2024 the exports of Belgium's   Tools & cutlery have decreased by €-1.83M (-4.55%) from €40.2M to €38.3M, while imports increased by €8.4M (17.7%) from €47.5M to €55.9M.

Destinations In August 2024, Tools & cutlery were exported mostly to Netherlands (€5.2M), France (€4.94M), Germany (€4.25M), United Kingdom (€3.76M), and Poland (€2.96M), and were imported mostly from China (€11.2M), Germany (€11M), Netherlands (€10.6M), France (€3.42M), and Poland (€3.11M).

Growth In August 2024, the decrease in Tools & cutlery's year-by-year exports was explained primarily by a decrease in exports to United States (€-5.25M or -82.6%), India (€-4.9M or -94.3%), and Italy (€-2.14M or -38.8%). In August 2024, the increase in Tools & cutlery's year-by-year imports was explained primarily by an increase in imports from Japan (€3.35M or 172%), Germany (€2.53M or 21.8%), and Canada (€2.24M or 3.17k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.83M(-4.55%)
IMPORT GROWTH (August 2023 - August 2024)€8.4M(17.7%)
MAIN DESTINATION (August 2024)Netherlands€5.2M

This section shows Tools & cutlery'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 Tools & cutlery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$777M
IMPORTS (2022)$1.28B
NET TRADE (2022)-$503M

In 2022, Belgium exported $777M in Tools & cutlery. The main destinations of Belgium exports on Tools & cutlery were France ($173M), Netherlands ($125M), Germany ($82.9M), Italy ($53.3M), and Sweden ($32.7M).

In 2022, Belgium imported $1.28B in Tools & cutlery, mainly from Germany ($200M), China ($193M), Netherlands ($193M), Israel ($81.5M), and France ($78.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$14M (12.6%)
India$7.9M (103%)
Turkey$3.94M (67.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Belgium WERE (2021 - 2022):
Italy-$68.3M (-56.2%)
United States-$51.3M (-72.5%)
United Kingdom-$40.6M (-65.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Tools & cutlery were:
China $23.6B
Germany $9.45B
United States $4.88B
In 2022, Belgium's main importing competitors in Tools & cutlery were:
United States $12.5B
Germany $6.36B
Netherlands $3.05B

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $64.8M
TOP IMPORT POTENTIALGermany+ $102M

Tools & cutlery’s highest export potential is Germany. With an export gap of $64.8M.   Tools & cutlery’s highest import potential is Germany with an import gap of $102M.

See methodology.

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