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2022
Exports $491MWorld Rnk 5 / 108
Flag Rnk 147 / 1213
2022
Destination $145M United States
2021 - 2022
FASTEST GROWING MARKET $145MFrance
2022
PRODUCT COMPLEXITY IN Glass Working Machines1.35Rnk 82 / 1025
2022
Imports $687MWorld Rnk 2 / 182
Flag Rnk 139 / 1214
2022
Origin $2.14M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $2.14MFinland
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $491M in Glass Working Machines, making it the 5th largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 147th most exported product in Belgium. The main destination of Glass Working Machines exports from Belgium are: United States ($247M), France ($151M), Italy ($56M), United Kingdom ($8.15M), and Germany ($8.02M).

The fastest growing export markets for Glass Working Machines of Belgium between 2021 and 2022 were France ($145M), Germany ($1.89M), and Czechia ($1.82M).

Imports In 2022, Belgium imported $687M in Glass Working Machines, becoming the 2nd largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 139th most imported product in Belgium. Belgium imports Glass Working Machines primarily from: Singapore ($651M), United States ($14.9M), Germany ($4.5M), India ($3.19M), and United Kingdom ($2.97M).

The fastest growing import markets in Glass Working Machines for Belgium between 2021 and 2022 were Finland ($2.14M), India ($2.09M), and China ($1.28M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Glass Working Machines from Belgium to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Belgium's Glass Working Machines exports accounted up to €18M and imports accounted up to €16.1M, resulting in a positive trade balance of €1.9M. Between June 2023 and June 2024 the exports of Belgium's   Glass Working Machines have decreased by €-14.6M (-44.7%) from €32.6M to €18M, while imports decreased by €-16.8M (-51.1%) from €33M to €16.1M.

Destinations In June 2024, Glass Working Machines were exported mostly to United States (€7.76M), France (€4.64M), Japan (€2.05M), Italy (€1.43M), and United Kingdom (€706k), and were imported mostly from Singapore (€12.4M), Japan (€2.01M), India (€930k), United States (€475k), and United Kingdom (€89.9k).

Growth In June 2024, the decrease in Glass Working Machines's year-by-year exports was explained primarily by a decrease in exports to France (€-9.21M or -48.5%), United States (€-2.27M or -8.68%), and United Kingdom (€-842k or -75.3%). In June 2024, the decrease in Glass Working Machines's year-by-year imports was explained primarily by a decrease in imports from Singapore (€-8.06M or -11.9%), United States (€-1.55M or -74.6%), and France (€-258k or -76.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-14.6M(-44.7%)
IMPORT GROWTH (June 2023 - June 2024)€-16.8M(-51.1%)
MAIN DESTINATION (June 2024)United States€7.76M

This section shows Glass Working 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 Glass Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$491M
IMPORTS (2022)$687M
NET TRADE (2022)-$197M

In 2022, Belgium exported $491M in Glass Working Machines. The main destinations of Belgium exports on Glass Working Machines were United States ($247M), France ($151M), Italy ($56M), United Kingdom ($8.15M), and Germany ($8.02M).

In 2022, Belgium imported $687M in Glass Working Machines, mainly from Singapore ($651M), United States ($14.9M), Germany ($4.5M), India ($3.19M), and United Kingdom ($2.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$145M (2.42k%)
Germany$1.89M (30.8%)
Czechia$1.82M (89.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Belgium WERE (2021 - 2022):
United States-$93.7M (-27.5%)
Singapore-$55.7M (-99.9%)
Italy-$18.1M (-24.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Glass Working Machines were:
Singapore $1.21B
Germany $879M
Japan $691M
In 2022, Belgium's main importing competitors in Glass Working Machines were:
United States $788M
Chinese Taipei $567M

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.93M
TOP IMPORT POTENTIALGermany+ $12.5M

Glass Working Machines’s highest export potential is Germany. With an export gap of $5.93M.   Glass Working Machines’s highest import potential is Germany with an import gap of $12.5M.

See methodology.

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