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2023
Exports $1.47BWorld Rnk 14 / 224
Flag Rnk 47 / 1216
2023
Destination $22.8M France
2022 - 2023
FASTEST GROWING MARKET $22.8MSouth Korea
2023
PRODUCT COMPLEXITY IN Centrifuges1.22Rnk 101 / 1025
2023
Imports $2.21BWorld Rnk 9 / 225
Flag Rnk 21 / 1213
2023
Origin $108M Germany
2022 - 2023
FASTEST GROWING ORIGIN $108MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $1.47B in Centrifuges, making it the 14th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 47th most exported product in Belgium. The main destination of Centrifuges exports from Belgium are: France ($279M), Germany ($159M), Netherlands ($155M), Italy ($140M), and Sweden ($64.5M).

The fastest growing export markets for Centrifuges of Belgium between 2022 and 2023 were South Korea ($22.8M), Spain ($14.3M), and United Kingdom ($11M).

Imports In 2023, Belgium imported $2.21B in Centrifuges, becoming the 9th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 21st most imported product in Belgium. Belgium imports Centrifuges primarily from: Germany ($741M), France ($239M), United Kingdom ($203M), Netherlands ($161M), and Japan ($155M).

The fastest growing import markets in Centrifuges for Belgium between 2022 and 2023 were United Kingdom ($108M), France ($49.7M), and Germany ($21.2M).

COMPANIES In 2023, leading companies such as Rolls-Royce (12), Intercontinental Packaging (2), and PACCAR Engine (1) were at the forefront of shipping Centrifuges from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Centrifuges exports accounted up to €220M and imports accounted up to €158M, resulting in a positive trade balance of €62M. Between November 2023 and November 2024 the exports of Belgium's   Centrifuges have increased by €65.2M (42%) from €155M to €220M, while imports increased by €41.9M (36%) from €117M to €158M.

Destinations In November 2024, Centrifuges were exported mostly to Germany (€21.9M), France (€19.2M), United Kingdom (€17.4M), United States (€13M), and China (€11M), and were imported mostly from Germany (€32.5M), United Kingdom (€25.3M), Japan (€14.8M), Czechia (€13.5M), and Netherlands (€12.7M).

Growth In November 2024, the increase in Centrifuges's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€2.22M or 38.5%), Turkey (€2.19M or 71.5%), and Saudi Arabia (€1.26M or 198%). In November 2024, the increase in Centrifuges's year-by-year imports was explained primarily by an increase in imports from Japan (€6.08M or 47.8%), Switzerland (€3.6M or 1.17k%), and Poland (€3.18M or 81.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€65.2M(42%)
IMPORT GROWTH (November 2023 - November 2024)€41.9M(36%)
MAIN DESTINATION (November 2024)Germany€21.9M

This section shows Centrifuges'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 Centrifuges over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.47B
IMPORTS (2023)$2.21B
NET TRADE (2023)-$740M

In 2023, Belgium exported $1.47B in Centrifuges. The main destinations of Belgium exports on Centrifuges were France ($279M), Germany ($159M), Netherlands ($155M), Italy ($140M), and Sweden ($64.5M).

In 2023, Belgium imported $2.21B in Centrifuges, mainly from Germany ($741M), France ($239M), United Kingdom ($203M), Netherlands ($161M), and Japan ($155M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
South Korea$22.8M (465%)
Spain$14.3M (30%)
United Kingdom$11M (50.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Belgium WERE (2022 - 2023):
Germany-$46.2M (-22.6%)
Israel-$14.7M (-73.9%)
Russia-$11.4M (-85.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Centrifuges were:
Germany $14.1B
United States $12.4B
China $11.8B
In 2023, Belgium's main importing competitors in Centrifuges were:
United States $14.1B
Germany $7.79B
China $5.08B

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $154M
TOP IMPORT POTENTIALGermany+ $272M

Centrifuges’s highest export potential is Germany. With an export gap of $154M.   Centrifuges’s highest import potential is Germany with an import gap of $272M.

See methodology.

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