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2022
Exports $1.67BWorld Rnk 5 / 194
Flag Rnk 40 / 1213
2022
Destination $72.4M France
2021 - 2022
FASTEST GROWING MARKET $72.4MUnited States
2022
PRODUCT COMPLEXITY IN Harvesting Machinery0.77Rnk 257 / 1025
2022
Imports $939MWorld Rnk 7 / 222
Flag Rnk 99 / 1214
2022
Origin $79.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $79.5MUnited States
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $1.67B in Harvesting Machinery, making it the 5th largest exporter of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 40th most exported product in Belgium. The main destination of Harvesting Machinery exports from Belgium are: France ($265M), United States ($264M), Germany ($127M), Austria ($110M), and Netherlands ($101M).

The fastest growing export markets for Harvesting Machinery of Belgium between 2021 and 2022 were United States ($72.4M), Bulgaria ($26.8M), and Australia ($23.2M).

Imports In 2022, Belgium imported $939M in Harvesting Machinery, becoming the 7th largest importer of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 99th most imported product in Belgium. Belgium imports Harvesting Machinery primarily from: United States ($233M), France ($157M), Germany ($133M), Netherlands ($115M), and Italy ($89.4M).

The fastest growing import markets in Harvesting Machinery for Belgium between 2021 and 2022 were United States ($79.5M), France ($62.7M), and Netherlands ($9.59M).

COMPANIES In 2023, leading companies such as John Deere (130), CLAAS (79), and Kubota (16) were at the forefront of shipping Harvesting Machinery from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Harvesting Machinery exports accounted up to €50.4M and imports accounted up to €27.9M, resulting in a positive trade balance of €22.6M. Between August 2023 and August 2024 the exports of Belgium's   Harvesting Machinery have decreased by €-13.6M (-21.3%) from €64.1M to €50.4M, while imports decreased by €-25.8M (-48.1%) from €53.6M to €27.9M.

Destinations In August 2024, Harvesting Machinery were exported mostly to Austria (€10.5M), France (€10.2M), Netherlands (€6.38M), Germany (€4.45M), and Ukraine (€3.81M), and were imported mostly from Germany (€8.31M), Netherlands (€3.4M), Italy (€3.29M), Brazil (€2.9M), and United States (€2.85M).

Growth In August 2024, the decrease in Harvesting Machinery's year-by-year exports was explained primarily by a decrease in exports to Spain (€-2.08M or -85.6%), Bulgaria (€-1.98M or -66.5%), and Denmark (€-1.69M or -72.6%). In August 2024, the decrease in Harvesting Machinery's year-by-year imports was explained primarily by a decrease in imports from Italy (€-6.74M or -31%), Germany (€-3.58M or -26.4%), and France (€-3.14M or -18.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-13.6M(-21.3%)
IMPORT GROWTH (August 2023 - August 2024)€-25.8M(-48.1%)
MAIN DESTINATION (August 2024)Austria€10.5M

This section shows Harvesting Machinery'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 Harvesting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.67B
IMPORTS (2022)$939M
NET TRADE (2022)$733M

In 2022, Belgium exported $1.67B in Harvesting Machinery. The main destinations of Belgium exports on Harvesting Machinery were France ($265M), United States ($264M), Germany ($127M), Austria ($110M), and Netherlands ($101M).

In 2022, Belgium imported $939M in Harvesting Machinery, mainly from United States ($233M), France ($157M), Germany ($133M), Netherlands ($115M), and Italy ($89.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Harvesting Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$72.4M (37.8%)
Bulgaria$26.8M (258%)
Australia$23.2M (34.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Harvesting Machinery BY Belgium WERE (2021 - 2022):
Ukraine-$31.9M (-57.3%)
Russia-$29.8M (-87.1%)
United Kingdom-$6M (-9.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Harvesting Machinery were:
Germany $5.01B
United States $4.73B
China $4.04B
In 2022, Belgium's main importing competitors in Harvesting Machinery were:
United States $4.28B
Germany $2.68B
France $2.34B

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Trade Value of Harvesting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $95.3M
TOP IMPORT POTENTIALGermany+ $81.5M

Harvesting Machinery’s highest export potential is Germany. With an export gap of $95.3M.   Harvesting Machinery’s highest import potential is Germany with an import gap of $81.5M.

See methodology.

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