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2022
Exports $366MWorld Rnk 28 / 215
Flag Rnk 186 / 1213
2022
Destination $5.92M France
2021 - 2022
FASTEST GROWING MARKET $5.92MFrance
2022
PRODUCT COMPLEXITY IN Electric Heaters0.46Rnk 379 / 1025
2022
Imports $1.09BWorld Rnk 15 / 224
Flag Rnk 75 / 1214
2022
Origin $16.8M China
2021 - 2022
FASTEST GROWING ORIGIN $16.8MFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $366M in Electric Heaters, making it the 28th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 186th most exported product in Belgium. The main destination of Electric Heaters exports from Belgium are: France ($191M), Netherlands ($40.1M), Germany ($23.6M), Italy ($19.1M), and Spain ($12.3M).

The fastest growing export markets for Electric Heaters of Belgium between 2021 and 2022 were France ($5.92M), Netherlands ($4.73M), and Germany ($2.21M).

Imports In 2022, Belgium imported $1.09B in Electric Heaters, becoming the 15th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 75th most imported product in Belgium. Belgium imports Electric Heaters primarily from: China ($251M), Germany ($188M), Netherlands ($171M), France ($160M), and Romania ($76.8M).

The fastest growing import markets in Electric Heaters for Belgium between 2021 and 2022 were France ($16.8M), Germany ($12.8M), and Japan ($5.2M).

COMPANIES In 2023, leading companies such as Groupe SEB (4), Arhaus (1), and Kubota (1) were at the forefront of shipping Electric Heaters from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Electric Heaters exports accounted up to €14.9M and imports accounted up to €42.9M, resulting in a negative trade balance of €27.9M. Between August 2023 and August 2024 the exports of Belgium's   Electric Heaters have increased by €922k (6.58%) from €14M to €14.9M, while imports decreased by €-1.47M (-3.31%) from €44.3M to €42.9M.

Destinations In August 2024, Electric Heaters were exported mostly to France (€6.31M), Netherlands (€2.17M), Germany (€1.96M), Poland (€392k), and United Kingdom (€354k), and were imported mostly from Netherlands (€10.9M), Germany (€7.96M), France (€6.53M), China (€5.6M), and Japan (€2.79M).

Growth In August 2024, the increase in Electric Heaters's year-by-year exports was explained primarily by an increase in exports to France (€1.37M or 15.9%), Netherlands (€510k or 19.6%), and Saudi Arabia (€244k or 641k%). In August 2024, the decrease in Electric Heaters's year-by-year imports was explained primarily by a decrease in imports from Romania (€-9.29M or -94.8%), China (€-7.75M or -54.3%), and Italy (€-1.86M or -42.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€922k(6.58%)
IMPORT GROWTH (August 2023 - August 2024)€-1.47M(-3.31%)
MAIN DESTINATION (August 2024)France€6.31M

This section shows Electric Heaters'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 Electric Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$366M
IMPORTS (2022)$1.09B
NET TRADE (2022)-$724M

In 2022, Belgium exported $366M in Electric Heaters. The main destinations of Belgium exports on Electric Heaters were France ($191M), Netherlands ($40.1M), Germany ($23.6M), Italy ($19.1M), and Spain ($12.3M).

In 2022, Belgium imported $1.09B in Electric Heaters, mainly from China ($251M), Germany ($188M), Netherlands ($171M), France ($160M), and Romania ($76.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$5.92M (3.2%)
Netherlands$4.73M (13.4%)
Germany$2.21M (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Belgium WERE (2021 - 2022):
United Kingdom-$5.22M (-44.8%)
China-$2.98M (-79.2%)
United States-$2.21M (-64.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Electric Heaters were:
China $31.5B
Germany $5.3B
Italy $2.96B
In 2022, Belgium's main importing competitors in Electric Heaters were:
United States $12.8B
Germany $6.24B
France $3.15B

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $34.5M
TOP IMPORT POTENTIALGermany+ $92.3M

Electric Heaters’s highest export potential is Germany. With an export gap of $34.5M.   Electric Heaters’s highest import potential is Germany with an import gap of $92.3M.

See methodology.

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