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2022
Exports $13BWorld Rnk 34 / 226
Flag Rnk 9 / 96
2022
Destination $287M Germany
2021 - 2022
FASTEST GROWING MARKET $287MMexico
2022
PRODUCT COMPLEXITY IN Electrical machinery and electronics1.96Rnk 7 / 1025
2022
Imports $27.4BWorld Rnk 27 / 226
Flag Rnk 6 / 96
2022
Origin $1.1B China
2021 - 2022
FASTEST GROWING ORIGIN $1.1BFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $13B in Electrical machinery and electronics, making it the 34th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 9th most exported product in Belgium. The main destination of Electrical machinery and electronics exports from Belgium are: Germany ($1.98B), Netherlands ($1.83B), France ($1.81B), Italy ($876M), and United States ($471M).

The fastest growing export markets for Electrical machinery and electronics of Belgium between 2021 and 2022 were Mexico ($287M), Italy ($210M), and Germany ($172M).

Imports In 2022, Belgium imported $27.4B in Electrical machinery and electronics, becoming the 27th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 6th most imported product in Belgium. Belgium imports Electrical machinery and electronics primarily from: China ($4.76B), Netherlands ($4.68B), France ($4.16B), Germany ($3.37B), and Hungary ($1.4B).

The fastest growing import markets in Electrical machinery and electronics for Belgium between 2021 and 2022 were France ($1.1B), China ($635M), and Hungary ($339M).

COMPANIES In 2023, leading companies such as Volvo (359), ZF Friedrichshafen (289), and TE Connectivity (150) were at the forefront of shipping Electrical machinery and electronics from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Electrical machinery and electronics exports accounted up to €950M and imports accounted up to €1.62B, resulting in a negative trade balance of €667M. Between July 2023 and July 2024 the exports of Belgium's   Electrical machinery and electronics have increased by €67.5M (7.65%) from €882M to €950M, while imports decreased by €-202M (-11.1%) from €1.82B to €1.62B.

Destinations In July 2024, Electrical machinery and electronics were exported mostly to Germany (€158M), Netherlands (€127M), France (€89.3M), United States (€57.3M), and United Kingdom (€52.4M), and were imported mostly from Netherlands (€364M), France (€355M), China (€175M), Germany (€167M), and Chinese Taipei (€51.2M).

Growth In July 2024, the increase in Electrical machinery and electronics's year-by-year exports was explained primarily by an increase in exports to Netherlands (€94.7M or 117%), Mexico (€68.1M or 1.08k%), and Germany (€42.1M or 27.2%). In July 2024, the decrease in Electrical machinery and electronics's year-by-year imports was explained primarily by a decrease in imports from Japan (€-4.8M or -9.95%), Romania (€-3.04M or -8.37%), and Philippines (€-2.8M or -31.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€67.5M(7.65%)
IMPORT GROWTH (July 2023 - July 2024)€-202M(-11.1%)
MAIN DESTINATION (July 2024)Germany€158M

This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13B
IMPORTS (2022)$27.4B
NET TRADE (2022)-$14.3B

In 2022, Belgium exported $13B in Electrical machinery and electronics. The main destinations of Belgium exports on Electrical machinery and electronics were Germany ($1.98B), Netherlands ($1.83B), France ($1.81B), Italy ($876M), and United States ($471M).

In 2022, Belgium imported $27.4B in Electrical machinery and electronics, mainly from China ($4.76B), Netherlands ($4.68B), France ($4.16B), Germany ($3.37B), and Hungary ($1.4B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Mexico$287M (430%)
Italy$210M (31.5%)
Germany$172M (9.49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Belgium WERE (2021 - 2022):
United Kingdom-$268M (-38.4%)
Russia-$119M (-77%)
France-$85.6M (-4.52%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Electrical machinery and electronics were:
China $1.1T
Chinese Taipei $293B
South Korea $217B
In 2022, Belgium's main importing competitors in Electrical machinery and electronics were:
United States $449B
China $412B
Hong Kong $348B

Explore Visualizations

Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.32B
TOP IMPORT POTENTIALGermany+ $2.1B

Electrical machinery and electronics’s highest export potential is Germany. With an export gap of $1.32B.   Electrical machinery and electronics’s highest import potential is Germany with an import gap of $2.1B.

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