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2022
Exports $70.4MWorld Rnk 21 / 174
Flag Rnk 506 / 1213
2022
Destination $2.09M France
2021 - 2022
FASTEST GROWING MARKET $2.09MRussia
2022
PRODUCT COMPLEXITY IN Woodworking machines1.28Rnk 96 / 1025
2022
Imports $174MWorld Rnk 14 / 218
Flag Rnk 377 / 1214
2022
Origin $1.72M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.72MSlovakia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $70.4M in Woodworking machines, making it the 21st largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 506th most exported product in Belgium. The main destination of Woodworking machines exports from Belgium are: France ($14.8M), Netherlands ($10.4M), Germany ($7.83M), Poland ($7.27M), and Italy ($3.2M).

The fastest growing export markets for Woodworking machines of Belgium between 2021 and 2022 were Russia ($2.09M), United States ($715k), and Romania ($695k).

Imports In 2022, Belgium imported $174M in Woodworking machines, becoming the 14th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 377th most imported product in Belgium. Belgium imports Woodworking machines primarily from: Germany ($59.1M), Italy ($40.6M), China ($20.8M), Netherlands ($15.5M), and Austria ($10.9M).

The fastest growing import markets in Woodworking machines for Belgium between 2021 and 2022 were Slovakia ($1.72M), Spain ($679k), and United States ($633k).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (2) and John Deere (1) were at the forefront of shipping Woodworking machines from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Woodworking machines exports accounted up to €3.95M and imports accounted up to €6.88M, resulting in a negative trade balance of €2.93M. Between July 2023 and July 2024 the exports of Belgium's   Woodworking machines have decreased by €-698k (-15%) from €4.65M to €3.95M, while imports decreased by €-4.47M (-39.4%) from €11.4M to €6.88M.

Destinations In July 2024, Woodworking machines were exported mostly to Poland (€820k), Netherlands (€623k), Germany (€386k), Canada (€310k), and France (€260k), and were imported mostly from Germany (€2.19M), Italy (€1.83M), China (€894k), Netherlands (€500k), and Austria (€434k).

Growth In July 2024, the decrease in Woodworking machines's year-by-year exports was explained primarily by a decrease in exports to Poland (€-662k or -66.4%), Spain (€-75.9k or -53.7%), and Greece (€-45.3k or -64.4%). In July 2024, the decrease in Woodworking machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-1.4M or -99.4%), China (€-1.38M or -53.4%), and Spain (€-267k or -90.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-698k(-15%)
IMPORT GROWTH (July 2023 - July 2024)€-4.47M(-39.4%)
MAIN DESTINATION (July 2024)Poland€820k

This section shows Woodworking 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 Woodworking machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$70.4M
IMPORTS (2022)$174M
NET TRADE (2022)-$104M

In 2022, Belgium exported $70.4M in Woodworking machines. The main destinations of Belgium exports on Woodworking machines were France ($14.8M), Netherlands ($10.4M), Germany ($7.83M), Poland ($7.27M), and Italy ($3.2M).

In 2022, Belgium imported $174M in Woodworking machines, mainly from Germany ($59.1M), Italy ($40.6M), China ($20.8M), Netherlands ($15.5M), and Austria ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Russia$2.09M (385%)
United States$715k (60.4%)
Romania$695k (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Belgium WERE (2021 - 2022):
Netherlands-$4.06M (-28%)
Poland-$3.19M (-30.5%)
Indonesia-$1.72M (-88.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Belgium's main importing competitors in Woodworking machines were:
United States $1.74B
Germany $700M
France $424M

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.98M
TOP IMPORT POTENTIALGermany+ $19.1M

Woodworking machines’s highest export potential is Germany. With an export gap of $5.98M.   Woodworking machines’s highest import potential is Germany with an import gap of $19.1M.

See methodology.

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