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2022
Exports $132MWorld Rnk 13 / 160
Flag Rnk 390 / 1213
2022
Destination $4.55M Germany
2021 - 2022
FASTEST GROWING MARKET $4.55MIndia
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories1.56Rnk 40 / 1025
2022
Imports $264MWorld Rnk 5 / 202
Flag Rnk 302 / 1214
2022
Origin $7.64M France
2021 - 2022
FASTEST GROWING ORIGIN $7.64MChina
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $132M in Knitting Machine Accessories, making it the 13th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 390th most exported product in Belgium. The main destination of Knitting Machine Accessories exports from Belgium are: Germany ($18.3M), India ($17.1M), China ($16.2M), Turkey ($9.81M), and United States ($8.95M).

The fastest growing export markets for Knitting Machine Accessories of Belgium between 2021 and 2022 were India ($4.55M), Egypt ($3.45M), and Italy ($1.53M).

Imports In 2022, Belgium imported $264M in Knitting Machine Accessories, becoming the 5th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 302nd most imported product in Belgium. Belgium imports Knitting Machine Accessories primarily from: France ($83.4M), China ($46.1M), Germany ($37.8M), Sweden ($22.9M), and Italy ($18.6M).

The fastest growing import markets in Knitting Machine Accessories for Belgium between 2021 and 2022 were China ($7.64M), United States ($4.3M), and Czechia ($1.57M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Knitting Machine Accessories exports accounted up to €5.39M and imports accounted up to €7.57M, resulting in a negative trade balance of €2.18M. Between August 2023 and August 2024 the exports of Belgium's   Knitting Machine Accessories have decreased by €-1.15M (-17.6%) from €6.54M to €5.39M, while imports decreased by €-1.89M (-20%) from €9.46M to €7.57M.

Destinations In August 2024, Knitting Machine Accessories were exported mostly to Egypt (€777k), China (€675k), Germany (€667k), Iran (€406k), and Turkey (€403k), and were imported mostly from Germany (€2.22M), China (€1.41M), Netherlands (€690k), France (€677k), and Italy (€558k).

Growth In August 2024, the decrease in Knitting Machine Accessories's year-by-year exports was explained primarily by a decrease in exports to Turkey (€-668k or -59.5%), Egypt (€-200k or -38.7%), and Bangladesh (€-128k or -40.8%). In August 2024, the decrease in Knitting Machine Accessories's year-by-year imports was explained primarily by a decrease in imports from France (€-6.71M or -79.7%), Germany (€-620k or -20.1%), and Italy (€-556k or -31.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.15M(-17.6%)
IMPORT GROWTH (August 2023 - August 2024)€-1.89M(-20%)
MAIN DESTINATION (August 2024)Egypt€777k

This section shows Knitting Machine Accessories'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 Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2022)$264M
NET TRADE (2022)-$132M

In 2022, Belgium exported $132M in Knitting Machine Accessories. The main destinations of Belgium exports on Knitting Machine Accessories were Germany ($18.3M), India ($17.1M), China ($16.2M), Turkey ($9.81M), and United States ($8.95M).

In 2022, Belgium imported $264M in Knitting Machine Accessories, mainly from France ($83.4M), China ($46.1M), Germany ($37.8M), Sweden ($22.9M), and Italy ($18.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
India$4.55M (36.3%)
Egypt$3.45M (84.1%)
Italy$1.53M (33.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Belgium WERE (2021 - 2022):
China-$6.09M (-27.3%)
Pakistan-$2.78M (-44.5%)
Turkey-$2.63M (-21.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Knitting Machine Accessories were:
China $956M
Germany $952M
Italy $391M
In 2022, Belgium's main importing competitors in Knitting Machine Accessories were:
China $856M
India $548M
Germany $490M

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.7M
TOP IMPORT POTENTIALGermany+ $17.3M

Knitting Machine Accessories’s highest export potential is Germany. With an export gap of $10.7M.   Knitting Machine Accessories’s highest import potential is Germany with an import gap of $17.3M.

See methodology.

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