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2023
Exports $99MWorld Rnk 14 / 205
Flag Rnk 442 / 1216
2023
Destination $7.38M Netherlands
2022 - 2023
FASTEST GROWING MARKET $7.38MNetherlands
2023
PRODUCT COMPLEXITY IN Gaskets1.46Rnk 51 / 1025
2023
Imports $71MWorld Rnk 25 / 224
Flag Rnk 543 / 1213
2023
Origin $4.99M Germany
2022 - 2023
FASTEST GROWING ORIGIN $4.99MNetherlands
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $99M in Gaskets, making it the 14th largest exporter of Gaskets in the world. At the same year, Gaskets was the 442nd most exported product in Belgium. The main destination of Gaskets exports from Belgium are: Netherlands ($15.7M), France ($15.3M), Germany ($7.97M), Italy ($7.46M), and Sweden ($4.7M).

The fastest growing export markets for Gaskets of Belgium between 2022 and 2023 were Netherlands ($7.38M), United States ($1.62M), and Italy ($1.45M).

Imports In 2023, Belgium imported $71M in Gaskets, becoming the 25th largest importer of Gaskets in the world. At the same year, Gaskets was the 543rd most imported product in Belgium. Belgium imports Gaskets primarily from: Germany ($17.9M), Netherlands ($12.5M), France ($10.9M), United States ($6.49M), and China ($3.58M).

The fastest growing import markets in Gaskets for Belgium between 2022 and 2023 were Netherlands ($4.99M), Germany ($875k), and France ($545k).

COMPANIES In 2023, leading companies such as Rolls-Royce (3) were at the forefront of shipping Gaskets from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Gaskets exports accounted up to €10.2M and imports accounted up to €7.05M, resulting in a positive trade balance of €3.16M. Between October 2023 and October 2024 the exports of Belgium's   Gaskets have decreased by €-1.9M (-15.7%) from €12.1M to €10.2M, while imports decreased by €-660k (-8.56%) from €7.71M to €7.05M.

Destinations In October 2024, Gaskets were exported mostly to France (€881k), Netherlands (€770k), Germany (€736k), United Kingdom (€689k), and Italy (€676k), and were imported mostly from Germany (€1.82M), France (€1.04M), Netherlands (€994k), United States (€647k), and Italy (€537k).

Growth In October 2024, the decrease in Gaskets's year-by-year exports was explained primarily by a decrease in exports to Norway (€-145k or -70.6%), Argentina (€-102k or -95.1%), and Hungary (€-51.4k or -34.5%). In October 2024, the decrease in Gaskets's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-380k or -42%), United States (€-364k or -40.2%), and Hungary (€-123k or -92.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-1.9M(-15.7%)
IMPORT GROWTH (October 2023 - October 2024)€-660k(-8.56%)
MAIN DESTINATION (October 2024)France€881k

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$99M
IMPORTS (2023)$71M
NET TRADE (2023)$28.1M

In 2023, Belgium exported $99M in Gaskets. The main destinations of Belgium exports on Gaskets were Netherlands ($15.7M), France ($15.3M), Germany ($7.97M), Italy ($7.46M), and Sweden ($4.7M).

In 2023, Belgium imported $71M in Gaskets, mainly from Germany ($17.9M), Netherlands ($12.5M), France ($10.9M), United States ($6.49M), and China ($3.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$7.38M (88.8%)
United States$1.62M (91.7%)
Italy$1.45M (24%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Belgium WERE (2022 - 2023):
Germany-$1.22M (-13.3%)
Singapore-$892k (-45.8%)
Austria-$885k (-60.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Gaskets were:
United States $933M
Germany $929M
China $516M
In 2023, Belgium's main importing competitors in Gaskets were:
United States $500M
Germany $317M
China $299M

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.57M
TOP IMPORT POTENTIALGermany+ $15M

Gaskets’s highest export potential is Germany. With an export gap of $9.57M.   Gaskets’s highest import potential is Germany with an import gap of $15M.

See methodology.

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