Forging Machines in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $173M in Forging Machines, making it the 13th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 338th most exported product in Belgium. The main destination of Forging Machines exports from Belgium are: Germany ($22.9M), France ($22.2M), Italy ($20.3M), Netherlands ($17.1M), and United Kingdom ($14.5M).

The fastest growing export markets for Forging Machines of Belgium between 2021 and 2022 were Italy ($4M), Turkey ($2.8M), and United States ($2.8M).

Imports In 2022, Belgium imported $117M in Forging Machines, becoming the 24th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 473rd most imported product in Belgium. Belgium imports Forging Machines primarily from: Italy ($21.9M), Japan ($16.9M), China ($13.7M), Germany ($13.1M), and Slovakia ($8.07M).

The fastest growing import markets in Forging Machines for Belgium between 2021 and 2022 were China ($5.89M), Italy ($5.66M), and Switzerland ($2.99M).

COMPANIES In 2023, leading companies such as VICTAULIC COMPANY (24) were at the forefront of shipping Forging Machines from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Forging Machines exports accounted up to €15.6M and imports accounted up to €10.1M, resulting in a positive trade balance of €5.48M. Between December 2022 and December 2023 the exports of Belgium's Forging Machines have decreased by €-2.65M (-14.5%) from €18.3M to €15.6M, while imports increased by €3.22M (46.5%) from €6.91M to €10.1M.

Destinations In December 2023, Forging Machines were exported mostly to Italy (€3.05M), France (€3.02M), South Africa (€2M), Germany (€1.9M), and Poland (€1.65M), and were imported mostly from Japan (€3.11M), Switzerland (€2.92M), Germany (€1.7M), Slovakia (€519k), and Turkey (€478k).

Growth In December 2023, the decrease in Forging Machines's year-by-year exports was explained primarily by a decrease in exports to Austria (€-573k or -97.2%), Germany (€-386k or -13.4%), and Egypt (€-20.1k or -80.4%). In December 2023, the increase in Forging Machines's year-by-year imports was explained primarily by an increase in imports from Austria (€455k or 316%), China (€255k or 59.8%), and Switzerland (€60.1k or 1.19k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-2.65M(-14.5%)

IMPORT GROWTH (December 2022 - December 2023)€3.22M(46.5%)

MAIN DESTINATION (December 2023)Italy€3.05M

This section shows Forging 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 Forging Machines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$173M

IMPORTS (2022)$117M

NET TRADE (2022)$56.3M

In 2022, Belgium exported $173M in Forging Machines. The main destinations of Belgium exports on Forging Machines were Germany ($22.9M), France ($22.2M), Italy ($20.3M), Netherlands ($17.1M), and United Kingdom ($14.5M).

In 2022, Belgium imported $117M in Forging Machines, mainly from Italy ($21.9M), Japan ($16.9M), China ($13.7M), Germany ($13.1M), and Slovakia ($8.07M).

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