2023
Exports
$24.6BWorld Rnk 13 / 210
Flag Rnk 4 / 1216
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$32.2BWorld Rnk 8 / 225
Flag Rnk 1 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $24.6B in Cars, making it the 13th largest exporter of Cars in the world. At the same year, Cars was the 4th most exported product in Belgium. The main destination of Cars exports from Belgium are: France ($4.18B), Sweden ($3.28B), Netherlands ($2.56B), United States ($2.44B), and Germany ($2.4B).

The fastest growing export markets for Cars of Belgium between 2022 and 2023 were France ($1.33B), Netherlands ($709M), and United States ($655M).

Imports In 2023, Belgium imported $32.2B in Cars, becoming the 8th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Belgium. Belgium imports Cars primarily from: Germany ($8B), Japan ($5.38B), France ($4.17B), Netherlands ($2.98B), and Spain ($1.67B).

The fastest growing import markets in Cars for Belgium between 2022 and 2023 were Germany ($2.45B), Netherlands ($1.26B), and Japan ($1.23B).

COMPANIES In 2023, leading companies such as Volvo (120), Heineken (50), and ZF Friedrichshafen (14) were at the forefront of shipping Cars from Belgium to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-147M(-5.73%)
IMPORT GROWTH (October 2023 - October 2024)€-86M(-3.28%)
MAIN DESTINATION (October 2024)Germany€479M

This section shows Cars'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 Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$24.6B
IMPORTS (2023)$32.2B
NET TRADE (2023)-$7.68B

In 2023, Belgium exported $24.6B in Cars. The main destinations of Belgium exports on Cars were France ($4.18B), Sweden ($3.28B), Netherlands ($2.56B), United States ($2.44B), and Germany ($2.4B).

In 2023, Belgium imported $32.2B in Cars, mainly from Germany ($8B), Japan ($5.38B), France ($4.17B), Netherlands ($2.98B), and Spain ($1.67B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$1.33B (46.6%)
Netherlands$709M (38.2%)
United States$655M (36.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Belgium WERE (2022 - 2023):
Germany-$452M (-15.9%)
Israel-$375M (-67.4%)
Norway-$313M (-69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Belgium's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.1B
TOP IMPORT POTENTIALGermany+ $2.91B

Cars’s highest export potential is Germany. With an export gap of $2.1B.   Cars’s highest import potential is Germany with an import gap of $2.91B.

See methodology.

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