Metal Finishing Machines in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $9.85M in Metal Finishing Machines, making it the 26th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 873rd most exported product in Belgium. The main destination of Metal Finishing Machines exports from Belgium are: India ($2.77M), China ($2.35M), France ($826k), Hungary ($506k), and Germany ($470k).

The fastest growing export markets for Metal Finishing Machines of Belgium between 2021 and 2022 were China ($2.05M), India ($1.79M), and Hungary ($267k).

Imports In 2022, Belgium imported $23.6M in Metal Finishing Machines, becoming the 33rd largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 808th most imported product in Belgium. Belgium imports Metal Finishing Machines primarily from: Germany ($8.96M), Japan ($4.06M), China ($2.16M), United Kingdom ($1.46M), and France ($1.39M).

The fastest growing import markets in Metal Finishing Machines for Belgium between 2021 and 2022 were Germany ($1.03M), France ($637k), and United Kingdom ($581k).

Latest Trends

January 2024

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Overview In January 2024 Belgium's Metal Finishing Machines exports accounted up to €130k and imports accounted up to €443k, resulting in a negative trade balance of €313k. Between January 2023 and January 2024 the exports of Belgium's Metal Finishing Machines have decreased by €-1.01M (-88.6%) from €1.14M to €130k, while imports increased by €288k (185%) from €156k to €443k.

Destinations In January 2024, Metal Finishing Machines were exported mostly to Netherlands (€51.1k), Germany (€24.9k), United States (€18.4k), France (€8.64k), and Cameroon (€6.5k), and were imported mostly from Germany (€128k), France (€100k), Switzerland (€94.7k), Netherlands (€44.5k), and Italy (€31.8k).

Growth In January 2024, the decrease in Metal Finishing Machines's year-by-year exports was explained primarily by a decrease in exports to Hungary (€-69.4k or -100%), France (€-21.3k or -43%), and Australia (€-15.9k or -79.8%). In January 2024, the increase in Metal Finishing Machines's year-by-year imports was explained primarily by an increase in imports from Netherlands (€9.44k or 56.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-1.01M(-88.6%)

IMPORT GROWTH (January 2023 - January 2024)€288k(185%)

MAIN DESTINATION (January 2024)Netherlands€51.1k

This section shows Metal Finishing Machines'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 Metal Finishing Machines over time.

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