2023
Exports
$189MWorld Rnk 22 / 212
Flag Rnk 326 / 1216
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.77Rnk 16 / 1025
2023
Imports
$245MWorld Rnk 27 / 223
Flag Rnk 272 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $189M in Interchangeable Tool Parts, making it the 22nd largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 326th most exported product in Belgium. The main destination of Interchangeable Tool Parts exports from Belgium are: France ($29.4M), Netherlands ($27.1M), Italy ($21.4M), Spain ($13.6M), and Germany ($13.2M).

The fastest growing export markets for Interchangeable Tool Parts of Belgium between 2022 and 2023 were France ($4.6M), Italy ($4.58M), and United States ($2.37M).

Imports In 2023, Belgium imported $245M in Interchangeable Tool Parts, becoming the 27th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 272nd most imported product in Belgium. Belgium imports Interchangeable Tool Parts primarily from: Germany ($81.3M), Netherlands ($47M), China ($20M), Japan ($19.9M), and Italy ($17.6M).

The fastest growing import markets in Interchangeable Tool Parts for Belgium between 2022 and 2023 were Germany ($5.76M), France ($1.42M), and Netherlands ($1.34M).

COMPANIES In 2023, leading companies such as Volvo (7), John Deere (6), and Robert Bosch (2) were at the forefront of shipping Interchangeable Tool Parts from Belgium to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€391k(2.66%)
IMPORT GROWTH (October 2023 - October 2024)€-629k(-3.25%)
MAIN DESTINATION (October 2024)France€1.86M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$189M
IMPORTS (2023)$245M
NET TRADE (2023)-$56.5M

In 2023, Belgium exported $189M in Interchangeable Tool Parts. The main destinations of Belgium exports on Interchangeable Tool Parts were France ($29.4M), Netherlands ($27.1M), Italy ($21.4M), Spain ($13.6M), and Germany ($13.2M).

In 2023, Belgium imported $245M in Interchangeable Tool Parts, mainly from Germany ($81.3M), Netherlands ($47M), China ($20M), Japan ($19.9M), and Italy ($17.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$4.6M (18.6%)
Italy$4.58M (27.3%)
United States$2.37M (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Belgium WERE (2022 - 2023):
India-$2.47M (-69.4%)
Russia-$956k (-73.9%)
Portugal-$818k (-5.84%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Interchangeable Tool Parts were:
In 2023, Belgium's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $19.4M
TOP IMPORT POTENTIALGermany+ $41.1M

Interchangeable Tool Parts’s highest export potential is Germany. With an export gap of $19.4M.   Interchangeable Tool Parts’s highest import potential is Germany with an import gap of $41.1M.

See methodology.

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