2023
Exports
$258MWorld Rnk 22 / 218
Flag Rnk 261 / 1216
2023
PRODUCT COMPLEXITY IN Ball Bearings
1.17Rnk 116 / 1025
2023
Imports
$493MWorld Rnk 22 / 221
Flag Rnk 145 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $258M in Ball Bearings, making it the 22nd largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 261st most exported product in Belgium. The main destination of Ball Bearings exports from Belgium are: Italy ($53.3M), France ($41.6M), Germany ($22.5M), Malaysia ($18.6M), and Sweden ($18.6M).

The fastest growing export markets for Ball Bearings of Belgium between 2022 and 2023 were Sweden ($2.94M), Denmark ($1.96M), and Oman ($1.68M).

Imports In 2023, Belgium imported $493M in Ball Bearings, becoming the 22nd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 145th most imported product in Belgium. Belgium imports Ball Bearings primarily from: Germany ($184M), Italy ($82.6M), France ($62.1M), Austria ($31.8M), and Sweden ($28M).

The fastest growing import markets in Ball Bearings for Belgium between 2022 and 2023 were Germany ($22.5M), Netherlands ($11.7M), and Austria ($10.8M).

COMPANIES In 2023, leading companies such as SKF Group (37), Konecranes (6), and Rolls-Royce (2) were at the forefront of shipping Ball Bearings from Belgium to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€2.47M(19.1%)
IMPORT GROWTH (October 2023 - October 2024)€-2.11M(-10.5%)
MAIN DESTINATION (October 2024)Germany€1.65M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$258M
IMPORTS (2023)$493M
NET TRADE (2023)-$234M

In 2023, Belgium exported $258M in Ball Bearings. The main destinations of Belgium exports on Ball Bearings were Italy ($53.3M), France ($41.6M), Germany ($22.5M), Malaysia ($18.6M), and Sweden ($18.6M).

In 2023, Belgium imported $493M in Ball Bearings, mainly from Germany ($184M), Italy ($82.6M), France ($62.1M), Austria ($31.8M), and Sweden ($28M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Sweden$2.94M (18.8%)
Denmark$1.96M (24.1%)
Oman$1.68M (262%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Belgium WERE (2022 - 2023):
Germany-$9.93M (-30.6%)
Malaysia-$9.81M (-34.6%)
France-$7.42M (-15.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, Belgium's main importing competitors in Ball Bearings were:

Explore Visualizations

Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $37.3M
TOP IMPORT POTENTIALGermany+ $63.9M

Ball Bearings’s highest export potential is Germany. With an export gap of $37.3M.   Ball Bearings’s highest import potential is Germany with an import gap of $63.9M.

See methodology.

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