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2022
Exports $240MWorld Rnk 15 / 187
Flag Rnk 263 / 1213
2022
Destination $3.6M France
2021 - 2022
FASTEST GROWING MARKET $3.6MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Industrial Food Preperation Machinery0.74Rnk 263 / 1025
2022
Imports $367MWorld Rnk 10 / 221
Flag Rnk 237 / 1214
2022
Origin $12.7M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $12.7MItaly
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $240M in Industrial Food Preperation Machinery, making it the 15th largest exporter of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 263rd most exported product in Belgium. The main destination of Industrial Food Preperation Machinery exports from Belgium are: France ($30.8M), Netherlands ($28.8M), United States ($21.8M), Poland ($13.3M), and United Kingdom ($11.8M).

The fastest growing export markets for Industrial Food Preperation Machinery of Belgium between 2021 and 2022 were United Kingdom ($3.6M), Rwanda ($3.13M), and Cote d'Ivoire ($3.1M).

Imports In 2022, Belgium imported $367M in Industrial Food Preperation Machinery, becoming the 10th largest importer of Industrial Food Preperation Machinery in the world. At the same year, Industrial Food Preperation Machinery was the 237th most imported product in Belgium. Belgium imports Industrial Food Preperation Machinery primarily from: Netherlands ($128M), Italy ($52.3M), Germany ($45.4M), France ($35.5M), and China ($18.3M).

The fastest growing import markets in Industrial Food Preperation Machinery for Belgium between 2021 and 2022 were Italy ($12.7M), United States ($8.53M), and France ($8.28M).

COMPANIES In 2023, leading companies such as Costco Wholesale (5), Barry Callebaut (2), and LG Electronics (1) were at the forefront of shipping Industrial Food Preperation Machinery from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Industrial Food Preperation Machinery exports accounted up to €15.1M and imports accounted up to €26.5M, resulting in a negative trade balance of €11.4M. Between August 2023 and August 2024 the exports of Belgium's   Industrial Food Preperation Machinery have decreased by €-11.3M (-42.9%) from €26.4M to €15.1M, while imports increased by €4.22M (18.9%) from €22.3M to €26.5M.

Destinations In August 2024, Industrial Food Preperation Machinery were exported mostly to France (€2.56M), United States (€2.04M), Spain (€1.08M), Netherlands (€1.03M), and Poland (€1.01M), and were imported mostly from Netherlands (€7.88M), Germany (€5.23M), Sweden (€3.45M), Italy (€2.01M), and Japan (€1.65M).

Growth In August 2024, the decrease in Industrial Food Preperation Machinery's year-by-year exports was explained primarily by a decrease in exports to Israel (€-480k or -84.2%), Turkey (€-275k or -70%), and Austria (€-260k or -77.7%). In August 2024, the increase in Industrial Food Preperation Machinery's year-by-year imports was explained primarily by an increase in imports from Austria (€1.71M or 328%), Spain (€930k or 1.16k%), and Luxembourg (€502k or 1.39k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-11.3M(-42.9%)
IMPORT GROWTH (August 2023 - August 2024)€4.22M(18.9%)
MAIN DESTINATION (August 2024)France€2.56M

This section shows Industrial Food Preperation 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 Industrial Food Preperation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$240M
IMPORTS (2022)$367M
NET TRADE (2022)-$127M

In 2022, Belgium exported $240M in Industrial Food Preperation Machinery. The main destinations of Belgium exports on Industrial Food Preperation Machinery were France ($30.8M), Netherlands ($28.8M), United States ($21.8M), Poland ($13.3M), and United Kingdom ($11.8M).

In 2022, Belgium imported $367M in Industrial Food Preperation Machinery, mainly from Netherlands ($128M), Italy ($52.3M), Germany ($45.4M), France ($35.5M), and China ($18.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Food Preperation Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United Kingdom$3.6M (43.9%)
Rwanda$3.13M (810%)
Cote d'Ivoire$3.1M (1.19k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Food Preperation Machinery BY Belgium WERE (2021 - 2022):
Netherlands-$13.8M (-32.3%)
France-$12.3M (-28.4%)
Angola-$2.95M (-71.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Industrial Food Preperation Machinery were:
Germany $2.49B
Italy $2.15B
Netherlands $1.83B
In 2022, Belgium's main importing competitors in Industrial Food Preperation Machinery were:
United States $2.13B
Germany $706M
France $601M

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Trade Value of Industrial Food Preperation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $14.1M
TOP IMPORT POTENTIALGermany+ $30.6M

Industrial Food Preperation Machinery’s highest export potential is France. With an export gap of $14.1M.   Industrial Food Preperation Machinery’s highest import potential is Germany with an import gap of $30.6M.

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