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2023
Exports $8.4MWorld Rnk 8 / 94
Flag Rnk 892 / 1216
2023
Destination $984k United States
2022 - 2023
FASTEST GROWING MARKET $984kUnited States
2023
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.97Rnk 3 / 1025
2023
Imports $2.26MWorld Rnk 38 / 165
Flag Rnk 1079 / 1213
2023
Origin $223k Italy
2022 - 2023
FASTEST GROWING ORIGIN $223kAustralia
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $8.4M in Artificial Textile Machinery, making it the 8th largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 892nd most exported product in Belgium. The main destination of Artificial Textile Machinery exports from Belgium are: United States ($2.93M), India ($1.79M), Morocco ($998k), Honduras ($585k), and France ($514k).

The fastest growing export markets for Artificial Textile Machinery of Belgium between 2022 and 2023 were United States ($984k), France ($504k), and Poland ($404k).

Imports In 2023, Belgium imported $2.26M in Artificial Textile Machinery, becoming the 38th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1079th most imported product in Belgium. Belgium imports Artificial Textile Machinery primarily from: Italy ($1.61M), Australia ($223k), Netherlands ($133k), France ($112k), and Germany ($93.9k).

The fastest growing import markets in Artificial Textile Machinery for Belgium between 2022 and 2023 were Australia ($223k), France ($93.1k), and Netherlands ($76.1k).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Artificial Textile Machinery exports accounted up to €742k and imports accounted up to €22k, resulting in a positive trade balance of €720k. Between October 2023 and November 2024 the exports of Belgium's   Artificial Textile Machinery have increased by €426k (135%) from €316k to €742k, while imports increased by €13.4k (157%) from €8.53k to €22k.

Destinations In November 2024, Artificial Textile Machinery were exported mostly to France (€483k), United Arab Emirates (€211k), Bulgaria (€48.3k), and United Kingdom (€4), and were imported mostly from United Kingdom (€18.6k), Austria (€1.96k), Romania (€1.05k), Slovakia (€229), and China (€47).

Growth In November 2024, the increase in Artificial Textile Machinery's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Artificial Textile Machinery's year-by-year imports was explained primarily by an increase in imports from Slovakia (€1.68k or 471%) and Romania (€1.17k or 451%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - November 2024)€426k(135%)
IMPORT GROWTH (November 2023 - November 2024)€13.4k(157%)
MAIN DESTINATION (November 2024)France€483k

This section shows Artificial Textile Machinery'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 Artificial Textile Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.4M
IMPORTS (2023)$2.26M
NET TRADE (2023)$6.14M

In 2023, Belgium exported $8.4M in Artificial Textile Machinery. The main destinations of Belgium exports on Artificial Textile Machinery were United States ($2.93M), India ($1.79M), Morocco ($998k), Honduras ($585k), and France ($514k).

In 2023, Belgium imported $2.26M in Artificial Textile Machinery, mainly from Italy ($1.61M), Australia ($223k), Netherlands ($133k), France ($112k), and Germany ($93.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
United States$984k (50.5%)
France$504k (5.41k%)
Poland$404k (384%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Belgium WERE (2022 - 2023):
India-$22.3M (-92.6%)
Mexico-$690k (-100%)
Qatar-$238k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Artificial Textile Machinery were:
Germany $614M
China $274M
Japan $184M
In 2023, Belgium's main importing competitors in Artificial Textile Machinery were:
China $557M
Turkey $193M
India $148M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $839k
TOP IMPORT POTENTIALGermany+ $2.08M

Artificial Textile Machinery’s highest export potential is United States. With an export gap of $839k.   Artificial Textile Machinery’s highest import potential is Germany with an import gap of $2.08M.

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