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2023
Exports $2.34BWorld Rnk 9 / 223
Flag Rnk 25 / 1216
2023
Destination $90.4M United States
2022 - 2023
FASTEST GROWING MARKET $90.4MUnited States
2023
PRODUCT COMPLEXITY IN Air Pumps1.21Rnk 102 / 1025
2023
Imports $1.3BWorld Rnk 18 / 225
Flag Rnk 43 / 1213
2023
Origin $48.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $48.3MCzechia
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $2.34B in Air Pumps, making it the 9th largest exporter of Air Pumps in the world. At the same year, Air Pumps was the 25th most exported product in Belgium. The main destination of Air Pumps exports from Belgium are: United States ($344M), Germany ($280M), France ($169M), Italy ($143M), and China ($135M).

The fastest growing export markets for Air Pumps of Belgium between 2022 and 2023 were United States ($90.4M), Germany ($47.4M), and China ($40.5M).

Imports In 2023, Belgium imported $1.3B in Air Pumps, becoming the 18th largest importer of Air Pumps in the world. At the same year, Air Pumps was the 43rd most imported product in Belgium. Belgium imports Air Pumps primarily from: Germany ($245M), Italy ($177M), Czechia ($152M), France ($121M), and China ($109M).

The fastest growing import markets in Air Pumps for Belgium between 2022 and 2023 were Czechia ($48.3M), France ($24.1M), and South Korea ($15.6M).

COMPANIES In 2023, leading companies such as Volvo (66), Rolls-Royce (10), and Nissan (1) were at the forefront of shipping Air Pumps from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Air Pumps exports accounted up to €216M and imports accounted up to €102M, resulting in a positive trade balance of €114M. Between October 2023 and October 2024 the exports of Belgium's   Air Pumps have decreased by €-4.09M (-1.86%) from €220M to €216M, while imports increased by €5.23M (5.38%) from €97.2M to €102M.

Destinations In October 2024, Air Pumps were exported mostly to United States (€30M), Germany (€25.3M), France (€14.1M), China (€13.7M), and United Kingdom (€13.3M), and were imported mostly from Germany (€25.4M), Italy (€15.9M), Czechia (€10.7M), France (€8.48M), and China (€7.24M).

Growth In October 2024, the decrease in Air Pumps's year-by-year exports was explained primarily by a decrease in exports to South Korea (€-3.69M or -61.3%), Russia (€-2.81M or -80.4%), and Algeria (€-1.79M or -90.8%). In October 2024, the increase in Air Pumps's year-by-year imports was explained primarily by an increase in imports from France (€4.24M or 82.5%), Germany (€3.18M or 34.8%), and Czechia (€2.62M or 38%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-4.09M(-1.86%)
IMPORT GROWTH (October 2023 - October 2024)€5.23M(5.38%)
MAIN DESTINATION (October 2024)United States€30M

This section shows Air Pumps'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 Air Pumps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.34B
IMPORTS (2023)$1.3B
NET TRADE (2023)$1.04B

In 2023, Belgium exported $2.34B in Air Pumps. The main destinations of Belgium exports on Air Pumps were United States ($344M), Germany ($280M), France ($169M), Italy ($143M), and China ($135M).

In 2023, Belgium imported $1.3B in Air Pumps, mainly from Germany ($245M), Italy ($177M), Czechia ($152M), France ($121M), and China ($109M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Air Pumps EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
United States$90.4M (35.7%)
Germany$47.4M (20.4%)
China$40.5M (42.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Air Pumps BY Belgium WERE (2022 - 2023):
Russia-$22.2M (-94.1%)
India-$11.3M (-27.9%)
Israel-$7.9M (-64.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Air Pumps were:
China $23B
Germany $10.5B
United States $7.77B
In 2023, Belgium's main importing competitors in Air Pumps were:
United States $14.7B
Germany $5.95B
China $5.26B

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Trade Value of Air Pumps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $160M
TOP IMPORT POTENTIALGermany+ $143M

Air Pumps’s highest export potential is Germany. With an export gap of $160M.   Air Pumps’s highest import potential is Germany with an import gap of $143M.

See methodology.

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