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2022
Exports $10.8MWorld Rnk 10 / 92
Flag Rnk 860 / 1213
2022
Destination $3.34M India
2021 - 2022
FASTEST GROWING MARKET $3.34MIndia
2022
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.99Rnk 5 / 1025
2022
Imports $7.86MWorld Rnk 21 / 168
Flag Rnk 982 / 1214
2022
Origin $2.86M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.86MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $10.8M in Artificial Textile Machinery, making it the 10th largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 860th most exported product in Belgium. The main destination of Artificial Textile Machinery exports from Belgium are: India ($6.34M), United States ($1.98M), Mexico ($690k), Morocco ($319k), and Honduras ($294k).

The fastest growing export markets for Artificial Textile Machinery of Belgium between 2021 and 2022 were India ($3.34M), United States ($1.23M), and Mexico ($670k).

Imports In 2022, Belgium imported $7.86M in Artificial Textile Machinery, becoming the 21st largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 982nd most imported product in Belgium. Belgium imports Artificial Textile Machinery primarily from: Germany ($2.95M), Italy ($2.9M), Japan ($859k), Canada ($844k), and United Kingdom ($111k).

The fastest growing import markets in Artificial Textile Machinery for Belgium between 2021 and 2022 were Germany ($2.86M), Italy ($2.63M), and Canada ($844k).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Artificial Textile Machinery exports accounted up to €185k and imports accounted up to €2.48k, resulting in a positive trade balance of €182k. Between July 2023 and August 2024 the exports of Belgium's   Artificial Textile Machinery have decreased by €-83.5k (-31.1%) from €268k to €185k, while imports decreased by €-6.22k (-71.5%) from €8.71k to €2.48k.

Destinations In August 2024, Artificial Textile Machinery were exported mostly to Greece (€171k), Norway (€11.7k), and Chinese Taipei (€2.13k), and were imported mostly from Switzerland (€1.04k), United States (€786), Netherlands (€369), Romania (€283), and China (€1).

Growth In August 2024, the decrease in Artificial Textile Machinery's year-by-year exports was explained primarily by a decrease in exports to United States (€-116k or -46.8%). In August 2024, the decrease in Artificial Textile Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany (€-13k or -34%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)€-83.5k(-31.1%)
IMPORT GROWTH (August 2023 - August 2024)€-6.22k(-71.5%)
MAIN DESTINATION (August 2024)Greece€171k

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 (2022)$10.8M
IMPORTS (2022)$7.86M
NET TRADE (2022)$2.95M

In 2022, Belgium exported $10.8M in Artificial Textile Machinery. The main destinations of Belgium exports on Artificial Textile Machinery were India ($6.34M), United States ($1.98M), Mexico ($690k), Morocco ($319k), and Honduras ($294k).

In 2022, Belgium imported $7.86M in Artificial Textile Machinery, mainly from Germany ($2.95M), Italy ($2.9M), Japan ($859k), Canada ($844k), and United Kingdom ($111k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
India$3.34M (112%)
United States$1.23M (164%)
Mexico$670k (3.27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Belgium WERE (2021 - 2022):
Hungary-$3.25M (-100%)
Saudi Arabia-$1.96M (-99.9%)
Netherlands-$910k (-91.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Artificial Textile Machinery were:
Germany $678M
China $325M
Japan $159M
In 2022, Belgium's main importing competitors in Artificial Textile Machinery were:
China $489M
Turkey $190M
India $161M

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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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