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2023
Exports $31.7MWorld Rnk 21 / 185
Flag Rnk 660 / 1216
2023
Destination $477k Netherlands
2022 - 2023
FASTEST GROWING MARKET $477kNetherlands
2023
PRODUCT COMPLEXITY IN Cutting Blades1.39Rnk 64 / 1025
2023
Imports $41.6MWorld Rnk 25 / 221
Flag Rnk 657 / 1213
2023
Origin $661k Germany
2022 - 2023
FASTEST GROWING ORIGIN $661kSpain
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $31.7M in Cutting Blades, making it the 21st largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 660th most exported product in Belgium. The main destination of Cutting Blades exports from Belgium are: Netherlands ($5.92M), France ($5.33M), United States ($3.01M), Germany ($1.9M), and Italy ($1.76M).

The fastest growing export markets for Cutting Blades of Belgium between 2022 and 2023 were Netherlands ($477k), United States ($398k), and Italy ($296k).

Imports In 2023, Belgium imported $41.6M in Cutting Blades, becoming the 25th largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 657th most imported product in Belgium. Belgium imports Cutting Blades primarily from: Germany ($12.8M), Netherlands ($8.83M), France ($4.34M), United States ($2.39M), and Austria ($1.73M).

The fastest growing import markets in Cutting Blades for Belgium between 2022 and 2023 were Spain ($661k), Poland ($375k), and Czechia ($338k).

COMPANIES In 2023, leading companies such as Stihl (2) were at the forefront of shipping Cutting Blades from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Cutting Blades exports accounted up to €2.48M and imports accounted up to €3.35M, resulting in a negative trade balance of €862k. Between October 2023 and October 2024 the exports of Belgium's   Cutting Blades have decreased by €-473k (-16%) from €2.96M to €2.48M, while imports increased by €621k (22.8%) from €2.72M to €3.35M.

Destinations In October 2024, Cutting Blades were exported mostly to United States (€329k), Germany (€299k), Netherlands (€266k), France (€218k), and United Kingdom (€216k), and were imported mostly from Germany (€1.32M), Netherlands (€555k), France (€441k), United States (€275k), and Austria (€151k).

Growth In October 2024, the decrease in Cutting Blades's year-by-year exports was explained primarily by a decrease in exports to Indonesia (€-68.7k or -99.8%), Denmark (€-66k or -83.2%), and Spain (€-64.3k or -32.3%). In October 2024, the increase in Cutting Blades's year-by-year imports was explained primarily by an increase in imports from Netherlands (€326k or 88.9%), Germany (€233k or 37.1%), and Czechia (€151k or 222%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-473k(-16%)
IMPORT GROWTH (October 2023 - October 2024)€621k(22.8%)
MAIN DESTINATION (October 2024)United States€329k

This section shows Cutting Blades'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 Cutting Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$31.7M
IMPORTS (2023)$41.6M
NET TRADE (2023)-$9.84M

In 2023, Belgium exported $31.7M in Cutting Blades. The main destinations of Belgium exports on Cutting Blades were Netherlands ($5.92M), France ($5.33M), United States ($3.01M), Germany ($1.9M), and Italy ($1.76M).

In 2023, Belgium imported $41.6M in Cutting Blades, mainly from Germany ($12.8M), Netherlands ($8.83M), France ($4.34M), United States ($2.39M), and Austria ($1.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$477k (8.76%)
United States$398k (15.2%)
Italy$296k (20.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Belgium WERE (2022 - 2023):
India-$2.75M (-91.9%)
France-$1.11M (-17.2%)
Indonesia-$430k (-76.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Cutting Blades were:
Germany $692M
China $679M
United States $364M
In 2023, Belgium's main importing competitors in Cutting Blades were:
United States $498M
Germany $298M
China $206M

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.1M
TOP IMPORT POTENTIALGermany+ $7.31M

Cutting Blades’s highest export potential is Germany. With an export gap of $3.1M.   Cutting Blades’s highest import potential is Germany with an import gap of $7.31M.

See methodology.

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