2022
Exports
$45.3MWorld Rnk 28 / 201
Flag Rnk 576 / 1213
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.96Rnk 7 / 1025
2022
Imports
$147MWorld Rnk 25 / 220
Flag Rnk 422 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $45.3M in Electric Soldering Equipment, making it the 28th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 576th most exported product in Belgium. The main destination of Electric Soldering Equipment exports from Belgium are: Netherlands ($14.5M), Germany ($5.87M), France ($2.98M), Brazil ($2.66M), and Italy ($2.01M).

The fastest growing export markets for Electric Soldering Equipment of Belgium between 2021 and 2022 were Germany ($3.59M), Brazil ($2.2M), and Netherlands ($1.96M).

Imports In 2022, Belgium imported $147M in Electric Soldering Equipment, becoming the 25th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 422nd most imported product in Belgium. Belgium imports Electric Soldering Equipment primarily from: Germany ($33.4M), Netherlands ($29.8M), Japan ($29.3M), China ($11.1M), and Italy ($7.13M).

The fastest growing import markets in Electric Soldering Equipment for Belgium between 2021 and 2022 were Japan ($10.2M), Netherlands ($7.72M), and Canada ($5.32M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (3) and Stihl (1) were at the forefront of shipping Electric Soldering Equipment from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-2.26M(-57%)
IMPORT GROWTH (August 2023 - August 2024)€-1.53M(-29.8%)
MAIN DESTINATION (August 2024)Netherlands€531k

This section shows Electric Soldering Equipment'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 Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.3M
IMPORTS (2022)$147M
NET TRADE (2022)-$101M

In 2022, Belgium exported $45.3M in Electric Soldering Equipment. The main destinations of Belgium exports on Electric Soldering Equipment were Netherlands ($14.5M), Germany ($5.87M), France ($2.98M), Brazil ($2.66M), and Italy ($2.01M).

In 2022, Belgium imported $147M in Electric Soldering Equipment, mainly from Germany ($33.4M), Netherlands ($29.8M), Japan ($29.3M), China ($11.1M), and Italy ($7.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$3.59M (157%)
Brazil$2.2M (482%)
Netherlands$1.96M (15.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Belgium WERE (2021 - 2022):
India-$11.5M (-86.8%)
United Kingdom-$2.04M (-76.8%)
Iran-$1.68M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Electric Soldering Equipment were:
In 2022, Belgium's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.86M
TOP IMPORT POTENTIALGermany+ $19.9M

Electric Soldering Equipment’s highest export potential is Germany. With an export gap of $5.86M.   Electric Soldering Equipment’s highest import potential is Germany with an import gap of $19.9M.

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