Buses in Belgium | The Observatory of Economic Complexity

About

Exports In 2023, Belgium exported $234M in Buses, making it the 16th largest exporter of Buses in the world. At the same year, Buses was the 280th most exported product in Belgium. The main destination of Buses exports from Belgium are: France ($49.8M), Netherlands ($39.1M), Italy ($30.5M), Ghana ($14.7M), and Sweden ($9.33M).

The fastest growing export markets for Buses of Belgium between 2022 and 2023 were Ghana ($13M), France ($7.67M), and Italy ($7.57M).

Imports In 2023, Belgium imported $323M in Buses, becoming the 15th largest importer of Buses in the world. At the same year, Buses was the 222nd most imported product in Belgium. Belgium imports Buses primarily from: North Macedonia ($108M), Germany ($44.7M), Poland ($37.7M), France ($22.1M), and Turkey ($16.8M).

The fastest growing import markets in Buses for Belgium between 2022 and 2023 were North Macedonia ($27.8M), Germany ($19.9M), and United Arab Emirates ($11.5M).

COMPANIES In 2023, leading companies such as Volvo (62) were at the forefront of shipping Buses from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Buses exports accounted up to €54.8M and imports accounted up to €59.2M, resulting in a negative trade balance of €4.39M. Between November 2023 and November 2024 the exports of Belgium's Buses have increased by €41.2M (303%) from €13.6M to €54.8M, while imports increased by €46.9M (381%) from €12.3M to €59.2M.

Destinations In November 2024, Buses were exported mostly to Netherlands (€37.1M), France (€4.72M), United Kingdom (€4.52M), Poland (€1.53M), and North Macedonia (€1.38M), and were imported mostly from Czechia (€21.7M), Germany (€12.2M), France (€10.1M), North Macedonia (€4.86M), and China (€3.6M).

Growth In November 2024, the increase in Buses's year-by-year exports was explained primarily by an increase in exports to United States (€846k or 7.06%), France (€639k or 113%), and Spain (€273k or 492%). In November 2024, the increase in Buses's year-by-year imports was explained primarily by an increase in imports from North Macedonia (€10.6M or 514%), China (€2.76M or 1.09k%), and France (€751k or 90.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€41.2M(303%)

IMPORT GROWTH (November 2023 - November 2024)€46.9M(381%)

MAIN DESTINATION (November 2024)Netherlands€37.1M

This section shows Buses'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 Buses over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

EXPORTS (2023)$234M

IMPORTS (2023)$323M

NET TRADE (2023)-$88.9M

In 2023, Belgium exported $234M in Buses. The main destinations of Belgium exports on Buses were France ($49.8M), Netherlands ($39.1M), Italy ($30.5M), Ghana ($14.7M), and Sweden ($9.33M).

In 2023, Belgium imported $323M in Buses, mainly from North Macedonia ($108M), Germany ($44.7M), Poland ($37.7M), France ($22.1M), and Turkey ($16.8M).

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