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2022
Exports $449MWorld Rnk 8 / 207
Flag Rnk 158 / 1213
2022
Destination $71.3M France
2021 - 2022
FASTEST GROWING MARKET $71.3MFrance
2022
PRODUCT COMPLEXITY IN Knit Men's Suits-1.32Rnk 915 / 1025
2022
Imports $405MWorld Rnk 11 / 221
Flag Rnk 214 / 1214
2022
Origin $40.3M Cambodia
2021 - 2022
FASTEST GROWING ORIGIN $40.3MCambodia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $449M in Knit Men's Suits, making it the 8th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 158th most exported product in Belgium. The main destination of Knit Men's Suits exports from Belgium are: France ($118M), Germany ($65.6M), Italy ($59.8M), Netherlands ($58M), and Spain ($24.5M).

The fastest growing export markets for Knit Men's Suits of Belgium between 2021 and 2022 were France ($71.3M), Germany ($58.1M), and Netherlands ($41.6M).

Imports In 2022, Belgium imported $405M in Knit Men's Suits, becoming the 11th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 214th most imported product in Belgium. Belgium imports Knit Men's Suits primarily from: Cambodia ($116M), China ($52.2M), Vietnam ($39.7M), Turkey ($38.4M), and Netherlands ($23.5M).

The fastest growing import markets in Knit Men's Suits for Belgium between 2021 and 2022 were Cambodia ($40.3M), Vietnam ($14.5M), and Sri Lanka ($13M).

COMPANIES In 2023, leading companies such as Volkswagen (1) were at the forefront of shipping Knit Men's Suits from Belgium to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Knit Men's Suits exports accounted up to €2.1M and imports accounted up to €5.04M, resulting in a negative trade balance of €2.94M. Between September 2023 and September 2024 the exports of Belgium's   Knit Men's Suits have decreased by €-1.77M (-45.8%) from €3.87M to €2.1M, while imports decreased by €-434k (-7.93%) from €5.47M to €5.04M.

Destinations In September 2024, Knit Men's Suits were exported mostly to Netherlands (€557k), France (€408k), Germany (€263k), United Kingdom (€231k), and Italy (€114k), and were imported mostly from Netherlands (€1.17M), Germany (€810k), China (€605k), Spain (€428k), and France (€410k).

Growth In September 2024, the decrease in Knit Men's Suits's year-by-year exports was explained primarily by a decrease in exports to Canada (€-179k or -55.2%), United States (€-11.5k or -41.6%), and Luxembourg (€-9.93k or -11.5%). In September 2024, the decrease in Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from Bangladesh (€-771k or -63.3%), Tunisia (€-549k or -91.1%), and Pakistan (€-353k or -66.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-1.77M(-45.8%)
IMPORT GROWTH (September 2023 - September 2024)€-434k(-7.93%)
MAIN DESTINATION (September 2024)Netherlands€557k

This section shows Knit Men's Suits'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 Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$449M
IMPORTS (2022)$405M
NET TRADE (2022)$43.9M

In 2022, Belgium exported $449M in Knit Men's Suits. The main destinations of Belgium exports on Knit Men's Suits were France ($118M), Germany ($65.6M), Italy ($59.8M), Netherlands ($58M), and Spain ($24.5M).

In 2022, Belgium imported $405M in Knit Men's Suits, mainly from Cambodia ($116M), China ($52.2M), Vietnam ($39.7M), Turkey ($38.4M), and Netherlands ($23.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$71.3M (153%)
Germany$58.1M (773%)
Netherlands$41.6M (253%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Belgium WERE (2021 - 2022):
United Kingdom-$6.41M (-72.6%)
Canada-$457k (-16.9%)
Saudi Arabia-$169k (-95.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Knit Men's Suits were:
China $4.9B
Bangladesh $1.43B
Vietnam $1.42B
In 2022, Belgium's main importing competitors in Knit Men's Suits were:
United States $3.65B
Germany $921M
United Kingdom $799M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $26.9M
TOP IMPORT POTENTIALChina+ $12.4M

Knit Men's Suits’s highest export potential is Germany. With an export gap of $26.9M.   Knit Men's Suits’s highest import potential is China with an import gap of $12.4M.

See methodology.

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