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2022
Exports $279MWorld Rnk 24 / 184
Flag Rnk 240 / 1213
2022
Destination $10.1M France
2021 - 2022
FASTEST GROWING MARKET $10.1MItaly
2022
PRODUCT COMPLEXITY IN Lifting Machinery1.12Rnk 128 / 1025
2022
Imports $610MWorld Rnk 15 / 219
Flag Rnk 155 / 1214
2022
Origin $12.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $12.5MAustria
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $279M in Lifting Machinery, making it the 24th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 240th most exported product in Belgium. The main destination of Lifting Machinery exports from Belgium are: France ($30.7M), United States ($30.1M), Italy ($26.7M), Germany ($24.9M), and Netherlands ($22.6M).

The fastest growing export markets for Lifting Machinery of Belgium between 2021 and 2022 were Italy ($10.1M), Bangladesh ($6.01M), and United Kingdom ($4.2M).

Imports In 2022, Belgium imported $610M in Lifting Machinery, becoming the 15th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 155th most imported product in Belgium. Belgium imports Lifting Machinery primarily from: Germany ($146M), Netherlands ($97.5M), Italy ($70.1M), France ($57.4M), and Spain ($26.4M).

The fastest growing import markets in Lifting Machinery for Belgium between 2021 and 2022 were Austria ($12.5M), Japan ($11.1M), and China ($9.94M).

COMPANIES In 2023, leading companies such as Lineage Cold Storage (2), Goodyear Tire and Rubber (1), and Dow Chemical (1) were at the forefront of shipping Lifting Machinery from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Lifting Machinery exports accounted up to €17M and imports accounted up to €16.9M, resulting in a positive trade balance of €131k. Between August 2023 and August 2024 the exports of Belgium's   Lifting Machinery have decreased by €-6.28M (-27%) from €23.3M to €17M, while imports decreased by €-3.05M (-15.3%) from €19.9M to €16.9M.

Destinations In August 2024, Lifting Machinery were exported mostly to United States (€3.21M), Poland (€1.74M), Denmark (€1.72M), Netherlands (€1.67M), and Germany (€1.45M), and were imported mostly from Germany (€6.62M), Netherlands (€3.72M), Italy (€1.18M), United States (€782k), and Poland (€764k).

Growth In August 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to Gabon (€-227k or -94.2%), Spain (€-212k or -42.5%), and Australia (€-140k or -32%). In August 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Slovenia (€-2.15M or -100%), France (€-1.45M or -43%), and Netherlands (€-888k or -14.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-6.28M(-27%)
IMPORT GROWTH (August 2023 - August 2024)€-3.05M(-15.3%)
MAIN DESTINATION (August 2024)United States€3.21M

This section shows Lifting 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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$279M
IMPORTS (2022)$610M
NET TRADE (2022)-$331M

In 2022, Belgium exported $279M in Lifting Machinery. The main destinations of Belgium exports on Lifting Machinery were France ($30.7M), United States ($30.1M), Italy ($26.7M), Germany ($24.9M), and Netherlands ($22.6M).

In 2022, Belgium imported $610M in Lifting Machinery, mainly from Germany ($146M), Netherlands ($97.5M), Italy ($70.1M), France ($57.4M), and Spain ($26.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$10.1M (60.6%)
Bangladesh$6.01M (3.36k%)
United Kingdom$4.2M (82.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Belgium WERE (2021 - 2022):
Netherlands-$21.2M (-48.4%)
Iran-$10.7M (-38.2%)
South Africa-$7.01M (-94.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Belgium's main importing competitors in Lifting Machinery were:
United States $5.58B
Germany $2.32B
United Kingdom $1.44B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $34.6M
TOP IMPORT POTENTIALGermany+ $76M

Lifting Machinery’s highest export potential is Germany. With an export gap of $34.6M.   Lifting Machinery’s highest import potential is Germany with an import gap of $76M.

See methodology.

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