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2022
Exports $203MWorld Rnk 27 / 219
Flag Rnk 297 / 1213
2022
Destination $9.36M Italy
2021 - 2022
FASTEST GROWING MARKET $9.36MGermany
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $707MWorld Rnk 13 / 220
Flag Rnk 137 / 1214
2022
Origin $49.4M Germany
2021 - 2022
FASTEST GROWING ORIGIN $49.4MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $203M in Ball Bearings, making it the 27th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 297th most exported product in Belgium. The main destination of Ball Bearings exports from Belgium are: Italy ($32.4M), Germany ($32M), France ($21.8M), Sweden ($9.84M), and Japan ($9.79M).

The fastest growing export markets for Ball Bearings of Belgium between 2021 and 2022 were Germany ($9.36M), Austria ($6M), and Malaysia ($5.79M).

Imports In 2022, Belgium imported $707M in Ball Bearings, becoming the 13th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 137th most imported product in Belgium. Belgium imports Ball Bearings primarily from: Germany ($187M), Sweden ($102M), France ($92M), Italy ($80.3M), and United Kingdom ($72.9M).

The fastest growing import markets in Ball Bearings for Belgium between 2021 and 2022 were United Kingdom ($49.4M), Malaysia ($12.3M), and Romania ($6.2M).

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

July 2024

About

Overview In July 2024 Belgium's Ball Bearings exports accounted up to €12M and imports accounted up to €14.1M, resulting in a negative trade balance of €2.13M. Between July 2023 and July 2024 the exports of Belgium's   Ball Bearings have increased by €2.73M (29.4%) from €9.27M to €12M, while imports decreased by €-5.71M (-28.8%) from €19.8M to €14.1M.

Destinations In July 2024, Ball Bearings were exported mostly to Germany (€1.5M), France (€946k), Italy (€840k), United States (€645k), and Japan (€623k), and were imported mostly from Germany (€4.3M), France (€2.16M), China (€1.06M), Sweden (€963k), and Netherlands (€941k).

Growth In July 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Germany (€423k or 16.5%), United States (€398k or 193%), and France (€354k or 34.8%). In July 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from Austria (€-468k or -61.1%), China (€-407k or -19.5%), and Slovakia (€-272k or -96.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€2.73M(29.4%)
IMPORT GROWTH (July 2023 - July 2024)€-5.71M(-28.8%)
MAIN DESTINATION (July 2024)Germany€1.5M

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 (2022)$203M
IMPORTS (2022)$707M
NET TRADE (2022)-$504M

In 2022, Belgium exported $203M in Ball Bearings. The main destinations of Belgium exports on Ball Bearings were Italy ($32.4M), Germany ($32M), France ($21.8M), Sweden ($9.84M), and Japan ($9.79M).

In 2022, Belgium imported $707M in Ball Bearings, mainly from Germany ($187M), Sweden ($102M), France ($92M), Italy ($80.3M), and United Kingdom ($72.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$9.36M (41.3%)
Austria$6M (461%)
Malaysia$5.79M (826%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Belgium WERE (2021 - 2022):
United Kingdom-$5.99M (-60.1%)
Russia-$1.67M (-73.6%)
Brazil-$1.65M (-39%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Belgium's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B
China $3.34B

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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.

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