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2022
Destination $1.18M France
2021 - 2022
FASTEST GROWING MARKET $1.18MGermany
2022
PRODUCT COMPLEXITY IN Dairy Machinery0.92Rnk 201 / 1025
2022
ImportsfalseWorld Rnk 12 / 183
Flag Rnk 635 / 1214
2022
Origin $1.02M Denmark
2021 - 2022
FASTEST GROWING ORIGIN $1.02MLuxembourg
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported N/A in Dairy Machinery, making it the 16th largest exporter of Dairy Machinery in the world. At the same year, Dairy Machinery was the 717th most exported product in Belgium. The main destination of Dairy Machinery exports from Belgium are: France ($5.81M), Germany ($3.02M), Netherlands ($2.11M), United Kingdom ($1.86M), and Denmark ($1.59M).

The fastest growing export markets for Dairy Machinery of Belgium between 2021 and 2022 were Germany ($1.18M), Hungary ($810k), and Indonesia ($556k).

Imports In 2022, Belgium imported $56.2M in Dairy Machinery, becoming the 12th largest importer of Dairy Machinery in the world. At the same year, Dairy Machinery was the 635th most imported product in Belgium. Belgium imports Dairy Machinery primarily from: Denmark ($19.4M), Netherlands ($16.8M), Luxembourg ($4.04M), Germany ($3.61M), and Israel ($3.02M).

The fastest growing import markets in Dairy Machinery for Belgium between 2021 and 2022 were Luxembourg ($1.02M), Israel ($582k), and Sweden ($364k).

COMPANIES In 2023, leading companies such as CNH Industrial (173), HP Inc (1), and Robert Bosch (1) were at the forefront of shipping Dairy Machinery from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Dairy Machinery exports accounted up to €544k and imports accounted up to €726k, resulting in a negative trade balance of €181k. Between August 2023 and August 2024 the exports of Belgium's   Dairy Machinery have decreased by €-284k (-34.3%) from €828k to €544k, while imports decreased by €-2.22M (-75.3%) from €2.94M to €726k.

Destinations In August 2024, Dairy Machinery were exported mostly to Netherlands (€290k), Germany (€57.5k), United Kingdom (€54.3k), Denmark (€37.2k), and France (€17.4k), and were imported mostly from Netherlands (€323k), Germany (€152k), India (€117k), Sweden (€53.2k), and Czechia (€36.9k).

Growth In August 2024, the decrease in Dairy Machinery's year-by-year exports was explained primarily by a decrease in exports to Czechia (€-36.9k or -80.6%), France (€-27.8k or -80.5%), and Denmark (€-17.9k or -37.2%). In August 2024, the decrease in Dairy Machinery's year-by-year imports was explained primarily by a decrease in imports from Denmark (€-173k or -59.2%), Italy (€-44.9k or -87.3%), and Sweden (€-19.6k or -47.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-284k(-34.3%)
IMPORT GROWTH (August 2023 - August 2024)€-2.22M(-75.3%)
MAIN DESTINATION (August 2024)Netherlands€290k

This section shows Dairy Machinery'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 Dairy Machinery over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$56.2M

In N/A, Belgium exported N/A in Dairy Machinery. The main destinations of Belgium exports on Dairy Machinery were France ($5.81M), Germany ($3.02M), Netherlands ($2.11M), United Kingdom ($1.86M), and Denmark ($1.59M).

In 2022, Belgium imported $56.2M in Dairy Machinery, mainly from Denmark ($19.4M), Netherlands ($16.8M), Luxembourg ($4.04M), Germany ($3.61M), and Israel ($3.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Dairy Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$1.18M (63.8%)
Hungary$810k (182%)
Indonesia$556k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Dairy Machinery BY Belgium WERE (2021 - 2022):
Netherlands-$1.57M (-42.8%)
France-$1.25M (-17.7%)
Denmark-$877k (-35.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belgium's main exporting competitors in Dairy Machinery were:
Netherlands $426M
Germany $247M
Sweden $206M
In 2022, Belgium's main importing competitors in Dairy Machinery were:
Germany $211M
United States $137M
France $127M

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Trade Value of Dairy Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.35M
TOP IMPORT POTENTIALGermany+ $3.18M

Dairy Machinery’s highest export potential is Germany. With an export gap of $2.35M.   Dairy Machinery’s highest import potential is Germany with an import gap of $3.18M.

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