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2022
Exports $34.6MWorld Rnk 14 / 203
Flag Rnk 626 / 1213
2022
Destination $1.45M France
2021 - 2022
FASTEST GROWING MARKET $1.45MFrance
2022
PRODUCT COMPLEXITY IN Hand Tools0.83Rnk 235 / 1025
2022
Imports $56.2MWorld Rnk 12 / 220
Flag Rnk 634 / 1214
2022
Origin $525k Germany
2021 - 2022
FASTEST GROWING ORIGIN $525kChinese Taipei
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $34.6M in Hand Tools, making it the 14th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 626th most exported product in Belgium. The main destination of Hand Tools exports from Belgium are: France ($10.1M), Netherlands ($5.28M), Germany ($2.81M), Poland ($2.49M), and Italy ($2.36M).

The fastest growing export markets for Hand Tools of Belgium between 2021 and 2022 were France ($1.45M), Italy ($485k), and Finland ($165k).

Imports In 2022, Belgium imported $56.2M in Hand Tools, becoming the 12th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 634th most imported product in Belgium. Belgium imports Hand Tools primarily from: Germany ($15.8M), China ($11.2M), France ($6.74M), Netherlands ($6.56M), and Chinese Taipei ($5.16M).

The fastest growing import markets in Hand Tools for Belgium between 2021 and 2022 were Chinese Taipei ($525k), Sweden ($113k), and Mexico ($81.6k).

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

September 2024

About

Overview In September 2024 Belgium's Hand Tools exports accounted up to €2.03M and imports accounted up to €2.55M, resulting in a negative trade balance of €521k. Between September 2023 and September 2024 the exports of Belgium's   Hand Tools have decreased by €-600k (-22.9%) from €2.63M to €2.03M, while imports decreased by €-1.21M (-32.2%) from €3.76M to €2.55M.

Destinations In September 2024, Hand Tools were exported mostly to France (€540k), Germany (€366k), Spain (€228k), Italy (€135k), and Sweden (€127k), and were imported mostly from Germany (€867k), China (€794k), France (€582k), Switzerland (€152k), and Sweden (€42.4k).

Growth In September 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 September 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-84.1k or -25.9%), China (€-69.6k or -5.77%), and France (€-7.76k or -2.49%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-600k(-22.9%)
IMPORT GROWTH (September 2023 - September 2024)€-1.21M(-32.2%)
MAIN DESTINATION (September 2024)France€540k

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 (2022)$34.6M
IMPORTS (2022)$56.2M
NET TRADE (2022)-$21.6M

In 2022, Belgium exported $34.6M in Hand Tools. The main destinations of Belgium exports on Hand Tools were France ($10.1M), Netherlands ($5.28M), Germany ($2.81M), Poland ($2.49M), and Italy ($2.36M).

In 2022, Belgium imported $56.2M in Hand Tools, mainly from Germany ($15.8M), China ($11.2M), France ($6.74M), Netherlands ($6.56M), and Chinese Taipei ($5.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$1.45M (16.7%)
Italy$485k (25.9%)
Finland$165k (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Belgium WERE (2021 - 2022):
Poland-$1.91M (-43.4%)
United Kingdom-$1.32M (-57.2%)
Denmark-$428k (-42%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Hand Tools were:
China $1.12B
Germany $462M
Chinese Taipei $202M
In 2022, Belgium's main importing competitors in Hand Tools were:
United States $552M
Germany $197M
France $121M

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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.

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