2023
Exports
$17.7MWorld Rnk 20 / 164
Flag Rnk 782 / 1216
2023
PRODUCT COMPLEXITY IN Drilling Machines
1.11Rnk 139 / 1025
2023
Imports
$28.3MWorld Rnk 29 / 213
Flag Rnk 727 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $17.7M in Drilling Machines, making it the 20th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 782nd most exported product in Belgium. The main destination of Drilling Machines exports from Belgium are: Netherlands ($3.34M), Brazil ($1.94M), France ($1.56M), Germany ($1.42M), and Luxembourg ($1.22M).

The fastest growing export markets for Drilling Machines of Belgium between 2022 and 2023 were Brazil ($1.94M), Netherlands ($954k), and Germany ($633k).

Imports In 2023, Belgium imported $28.3M in Drilling Machines, becoming the 29th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 727th most imported product in Belgium. Belgium imports Drilling Machines primarily from: Italy ($7.03M), Germany ($5.57M), Spain ($5.26M), Netherlands ($5.04M), and United States ($1.36M).

The fastest growing import markets in Drilling Machines for Belgium between 2022 and 2023 were Italy ($5.18M), Spain ($2.09M), and Netherlands ($823k).

COMPANIES In 2023, leading companies such as BOEING (3), John Deere (2), and Dow Chemical (1) were at the forefront of shipping Drilling Machines from Belgium to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-11.6k(-1.96%)
IMPORT GROWTH (October 2023 - October 2024)€-965k(-59.1%)
MAIN DESTINATION (October 2024)France€85.6k

This section shows Drilling Machines'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 Drilling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.7M
IMPORTS (2023)$28.3M
NET TRADE (2023)-$10.6M

In 2023, Belgium exported $17.7M in Drilling Machines. The main destinations of Belgium exports on Drilling Machines were Netherlands ($3.34M), Brazil ($1.94M), France ($1.56M), Germany ($1.42M), and Luxembourg ($1.22M).

In 2023, Belgium imported $28.3M in Drilling Machines, mainly from Italy ($7.03M), Germany ($5.57M), Spain ($5.26M), Netherlands ($5.04M), and United States ($1.36M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Brazil$1.94M (476k%)
Netherlands$954k (39.9%)
Germany$633k (80.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Belgium WERE (2022 - 2023):
France-$1.18M (-43%)
Estonia-$1M (-99.2%)
Mexico-$854k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Drilling Machines were:
In 2023, Belgium's main importing competitors in Drilling Machines were:

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.31M
TOP IMPORT POTENTIALGermany+ $4.79M

Drilling Machines’s highest export potential is Germany. With an export gap of $1.31M.   Drilling Machines’s highest import potential is Germany with an import gap of $4.79M.

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