2023
Exports
$74.6MWorld Rnk 25 / 151
Flag Rnk 508 / 1216
2023
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 247 / 1025
2023
Imports
$199MWorld Rnk 19 / 199
Flag Rnk 321 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $74.6M in Locomotive Parts, making it the 25th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 508th most exported product in Belgium. The main destination of Locomotive Parts exports from Belgium are: France ($22M), Spain ($10.8M), Italy ($6.89M), Germany ($5.94M), and Netherlands ($4.58M).

The fastest growing export markets for Locomotive Parts of Belgium between 2022 and 2023 were France ($6.79M), Spain ($5.84M), and Italy ($2.72M).

Imports In 2023, Belgium imported $199M in Locomotive Parts, becoming the 19th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 321st most imported product in Belgium. Belgium imports Locomotive Parts primarily from: Spain ($59.8M), France ($52.3M), Germany ($20.9M), Italy ($13.9M), and Austria ($10.1M).

The fastest growing import markets in Locomotive Parts for Belgium between 2022 and 2023 were Spain ($33.4M), France ($19.6M), and Austria ($4.53M).

COMPANIES In 2023, leading companies such as Volvo (115) and GE RENEWABLES NORTH AMERICA LLC (12) were at the forefront of shipping Locomotive Parts from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€2.32M(108%)
IMPORT GROWTH (November 2023 - November 2024)€-479k(-2.76%)
MAIN DESTINATION (November 2024)China€1.51M

This section shows Locomotive 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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$74.6M
IMPORTS (2023)$199M
NET TRADE (2023)-$124M

In 2023, Belgium exported $74.6M in Locomotive Parts. The main destinations of Belgium exports on Locomotive Parts were France ($22M), Spain ($10.8M), Italy ($6.89M), Germany ($5.94M), and Netherlands ($4.58M).

In 2023, Belgium imported $199M in Locomotive Parts, mainly from Spain ($59.8M), France ($52.3M), Germany ($20.9M), Italy ($13.9M), and Austria ($10.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$6.79M (44.5%)
Spain$5.84M (117%)
Italy$2.72M (65.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Belgium WERE (2022 - 2023):
India-$2.92M (-94.9%)
Netherlands-$2.29M (-33.3%)
Germany-$1.63M (-21.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.7M
TOP IMPORT POTENTIALGermany+ $16M

Locomotive Parts’s highest export potential is Germany. With an export gap of $7.7M.   Locomotive Parts’s highest import potential is Germany with an import gap of $16M.

See methodology.

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