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2023
Exports $35.2MWorld Rnk 13 / 196
Flag Rnk 638 / 1216
2023
Destination $2.17M France
2022 - 2023
FASTEST GROWING MARKET $2.17MFrance
2023
PRODUCT COMPLEXITY IN Hand Tools0.76Rnk 262 / 1025
2023
Imports $55.5MWorld Rnk 14 / 220
Flag Rnk 593 / 1213
2023
Origin $4.28M Germany
2022 - 2023
FASTEST GROWING ORIGIN $4.28MChina
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $35.2M in Hand Tools, making it the 13th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 638th most exported product in Belgium. The main destination of Hand Tools exports from Belgium are: France ($16.3M), Netherlands ($5.6M), Italy ($3.53M), Germany ($842k), and Sweden ($811k).

The fastest growing export markets for Hand Tools of Belgium between 2022 and 2023 were France ($2.17M), Italy ($870k), and Israel ($328k).

Imports In 2023, Belgium imported $55.5M in Hand Tools, becoming the 14th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 593rd most imported product in Belgium. Belgium imports Hand Tools primarily from: Germany ($13.9M), China ($13.6M), Netherlands ($7.93M), France ($7.1M), and Chinese Taipei ($4.75M).

The fastest growing import markets in Hand Tools for Belgium between 2022 and 2023 were China ($4.28M), Netherlands ($2.16M), and Switzerland ($1.53M).

COMPANIES In 2023, leading companies such as Dana Incorporated (5) and John Deere (1) were at the forefront of shipping Hand Tools from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Hand Tools exports accounted up to €2.38M and imports accounted up to €3.63M, resulting in a negative trade balance of €1.24M. Between November 2023 and November 2024 the exports of Belgium's   Hand Tools have decreased by €-573k (-19.4%) from €2.96M to €2.38M, while imports increased by €1.16M (47.2%) from €2.46M to €3.63M.

Destinations In November 2024, Hand Tools were exported mostly to Netherlands (€527k), France (€415k), Germany (€230k), Poland (€209k), and Spain (€162k), and were imported mostly from Germany (€1.08M), France (€765k), China (€503k), Netherlands (€377k), and Chinese Taipei (€364k).

Growth In November 2024, the decrease in Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Poland (€-54.4k or -18.4%), Spain (€-28.6k or -13.8%), and Nigeria (€-20.1k or -96.2%). In November 2024, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Germany (€143k or 16.1%), Netherlands (€101k or 20.5%), and Switzerland (€97k or 359%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-573k(-19.4%)
IMPORT GROWTH (November 2023 - November 2024)€1.16M(47.2%)
MAIN DESTINATION (November 2024)Netherlands€527k

This section shows Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$35.2M
IMPORTS (2023)$55.5M
NET TRADE (2023)-$20.3M

In 2023, Belgium exported $35.2M in Hand Tools. The main destinations of Belgium exports on Hand Tools were France ($16.3M), Netherlands ($5.6M), Italy ($3.53M), Germany ($842k), and Sweden ($811k).

In 2023, Belgium imported $55.5M in Hand Tools, mainly from Germany ($13.9M), China ($13.6M), Netherlands ($7.93M), France ($7.1M), and Chinese Taipei ($4.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$2.17M (15.4%)
Italy$870k (32.7%)
Israel$328k (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Belgium WERE (2022 - 2023):
Singapore-$973k (-98.3%)
Netherlands-$402k (-6.7%)
Romania-$298k (-28.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Hand Tools were:
China $997M
Germany $448M
Chinese Taipei $235M
In 2023, Belgium's main importing competitors in Hand Tools were:
United States $479M
Germany $204M
France $135M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.18M
TOP IMPORT POTENTIALGermany+ $4.67M

Hand Tools’s highest export potential is Germany. With an export gap of $2.18M.   Hand Tools’s highest import potential is Germany with an import gap of $4.67M.

See methodology.

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