Machinery, mechanical appliances, & parts in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $24.8B in Machinery, mechanical appliances, & parts, making it the 23rd largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 5th most exported product in Belgium. The main destination of Machinery, mechanical appliances, & parts exports from Belgium are: France ($3.58B), Netherlands ($2.96B), Germany ($2.52B), United States ($1.96B), and Italy ($1.67B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Belgium between 2021 and 2022 were Italy ($116M), Austria ($66M), and Australia ($52.1M).

Imports In 2022, Belgium imported $34.6B in Machinery, mechanical appliances, & parts, becoming the 21st largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most imported product in Belgium. Belgium imports Machinery, mechanical appliances, & parts primarily from: Germany ($6.28B), Netherlands ($4.67B), China ($3.85B), United States ($2.73B), and France ($2.58B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Belgium between 2021 and 2022 were China ($599M), United States ($142M), and Poland ($92.4M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (1.71k), John Deere (844), and Schindler Elevators (690) were at the forefront of shipping Machinery, mechanical appliances, & parts from Belgium to the United States.

Latest Trends

July 2024

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Overview In July 2024 Belgium's Machinery, mechanical appliances, & parts exports accounted up to €1.84B and imports accounted up to €2.04B, resulting in a negative trade balance of €201M. Between July 2023 and July 2024 the exports of Belgium's Machinery, mechanical appliances, & parts have increased by €46.2M (2.57%) from €1.79B to €1.84B, while imports increased by €133M (6.98%) from €1.91B to €2.04B.

Destinations In July 2024, Machinery, mechanical appliances, & parts were exported mostly to France (€255M), Netherlands (€201M), United States (€172M), Germany (€168M), and United Kingdom (€94.7M), and were imported mostly from Netherlands (€371M), Germany (€348M), United States (€245M), France (€159M), and China (€153M).

Growth In July 2024, the increase in Machinery, mechanical appliances, & parts's year-by-year exports was explained primarily by an increase in exports to United States (€43.3M or 33.4%), France (€34.2M or 13.4%), and Turkey (€31.3M or 95.9%). In July 2024, the increase in Machinery, mechanical appliances, & parts's year-by-year imports was explained primarily by an increase in imports from Poland (€23.9M or 60.9%), Germany (€22.8M or 6.5%), and Sweden (€15.7M or 13.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)€46.2M(2.57%)

IMPORT GROWTH (July 2023 - July 2024)€133M(6.98%)

MAIN DESTINATION (July 2024)France€255M

This section shows Machinery, mechanical appliances, & 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 Machinery, mechanical appliances, & parts over time.

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