2022
Exports
$22.6BWorld Rnk 12 / 210
Flag Rnk 5 / 1213
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$28.2BWorld Rnk 7 / 224
Flag Rnk 3 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $22.6B in Cars, making it the 12th largest exporter of Cars in the world. At the same year, Cars was the 5th most exported product in Belgium. The main destination of Cars exports from Belgium are: Germany ($3.45B), Sweden ($2.48B), France ($1.93B), United States ($1.92B), and Netherlands ($1.74B).

The fastest growing export markets for Cars of Belgium between 2021 and 2022 were United States ($730M), Spain ($241M), and Norway ($233M).

Imports In 2022, Belgium imported $28.2B in Cars, becoming the 7th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Belgium. Belgium imports Cars primarily from: Germany ($5.93B), China ($5.47B), France ($3.39B), Spain ($1.68B), and United States ($1.45B).

The fastest growing import markets in Cars for Belgium between 2021 and 2022 were China ($2.44B), Germany ($1.21B), and France ($564M).

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

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-386M(-18.6%)
IMPORT GROWTH (August 2023 - August 2024)€-193M(-9.4%)
MAIN DESTINATION (August 2024)Germany€233M

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 (2022)$22.6B
IMPORTS (2022)$28.2B
NET TRADE (2022)-$5.61B

In 2022, Belgium exported $22.6B in Cars. The main destinations of Belgium exports on Cars were Germany ($3.45B), Sweden ($2.48B), France ($1.93B), United States ($1.92B), and Netherlands ($1.74B).

In 2022, Belgium imported $28.2B in Cars, mainly from Germany ($5.93B), China ($5.47B), France ($3.39B), Spain ($1.68B), and United States ($1.45B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$730M (61.4%)
Spain$241M (51.4%)
Norway$233M (42.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Belgium WERE (2021 - 2022):
Germany-$1.46B (-29.7%)
United Kingdom-$742M (-35.3%)
France-$566M (-22.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Cars were:
In 2022, 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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