2023
Exports
$30.6MWorld Rnk 15 / 196
Flag Rnk 674 / 1216
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$55.9MWorld Rnk 15 / 221
Flag Rnk 589 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $30.6M in Wrenches, making it the 15th largest exporter of Wrenches in the world. At the same year, Wrenches was the 674th most exported product in Belgium. The main destination of Wrenches exports from Belgium are: France ($12.2M), Netherlands ($3.37M), Italy ($3.01M), Democratic Republic of the Congo ($1.69M), and Sweden ($1.4M).

The fastest growing export markets for Wrenches of Belgium between 2022 and 2023 were France ($1.91M), Italy ($987k), and South Korea ($322k).

Imports In 2023, Belgium imported $55.9M in Wrenches, becoming the 15th largest importer of Wrenches in the world. At the same year, Wrenches was the 589th most imported product in Belgium. Belgium imports Wrenches primarily from: Netherlands ($9.77M), Germany ($8.99M), France ($8.15M), China ($6.58M), and Sweden ($6.53M).

The fastest growing import markets in Wrenches for Belgium between 2022 and 2023 were Netherlands ($2.2M), France ($1.63M), and Sweden ($1.57M).

COMPANIES In 2023, leading companies such as Mercedes-Benz (9), Konecranes (9), and GE RENEWABLES NORTH AMERICA LLC (6) were at the forefront of shipping Wrenches from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€337k(12.6%)
IMPORT GROWTH (November 2023 - November 2024)€207k(6.46%)
MAIN DESTINATION (November 2024)Germany€415k

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$30.6M
IMPORTS (2023)$55.9M
NET TRADE (2023)-$25.2M

In 2023, Belgium exported $30.6M in Wrenches. The main destinations of Belgium exports on Wrenches were France ($12.2M), Netherlands ($3.37M), Italy ($3.01M), Democratic Republic of the Congo ($1.69M), and Sweden ($1.4M).

In 2023, Belgium imported $55.9M in Wrenches, mainly from Netherlands ($9.77M), Germany ($8.99M), France ($8.15M), China ($6.58M), and Sweden ($6.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$1.91M (18.5%)
Italy$987k (48.8%)
South Korea$322k (4.01k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Belgium WERE (2022 - 2023):
India-$1.28M (-86.9%)
Sweden-$693k (-33%)
Israel-$401k (-95.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Wrenches were:
In 2023, Belgium's main importing competitors in Wrenches were:

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.57M
TOP IMPORT POTENTIALGermany+ $4.38M

Wrenches’s highest export potential is Germany. With an export gap of $2.57M.   Wrenches’s highest import potential is Germany with an import gap of $4.38M.

See methodology.

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