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2022
Exports $9.85MWorld Rnk 26 / 161
Flag Rnk 873 / 1213
2022
Destination $2.05M India
2021 - 2022
FASTEST GROWING MARKET $2.05MChina
2022
PRODUCT COMPLEXITY IN Metal Finishing Machines1.51Rnk 48 / 1025
2022
Imports $23.6MWorld Rnk 33 / 210
Flag Rnk 808 / 1214
2022
Origin $1.03M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.03MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

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

June 2024

About

Overview In June 2024 Belgium's Metal Finishing Machines exports accounted up to €85.9k and imports accounted up to €827k, resulting in a negative trade balance of €741k. Between June 2023 and June 2024 the exports of Belgium's   Metal Finishing Machines have decreased by €-46.6k (-35.2%) from €133k to €85.9k, while imports increased by €191k (30.1%) from €636k to €827k.

Destinations In June 2024, Metal Finishing Machines were exported mostly to China (€26.6k), Netherlands (€18.9k), India (€8.82k), Germany (€6.51k), and United States (€5.41k), and were imported mostly from Italy (€443k), Spain (€230k), France (€59.6k), China (€42.1k), and Netherlands (€37.8k).

Growth In June 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 June 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
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-46.6k(-35.2%)
IMPORT GROWTH (June 2023 - June 2024)€191k(30.1%)
MAIN DESTINATION (June 2024)China€26.6k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.85M
IMPORTS (2022)$23.6M
NET TRADE (2022)-$13.7M

In 2022, Belgium exported $9.85M in Metal Finishing Machines. The main destinations of Belgium exports on Metal Finishing Machines were India ($2.77M), China ($2.35M), France ($826k), Hungary ($506k), and Germany ($470k).

In 2022, Belgium imported $23.6M in Metal Finishing Machines, mainly from Germany ($8.96M), Japan ($4.06M), China ($2.16M), United Kingdom ($1.46M), and France ($1.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
China$2.05M (698%)
India$1.79M (183%)
Hungary$267k (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY Belgium WERE (2021 - 2022):
Switzerland-$2.11M (-99.3%)
Netherlands-$1.68M (-85.2%)
Germany-$560k (-54.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Metal Finishing Machines were:
Germany $779M
Switzerland $601M
Japan $534M
In 2022, Belgium's main importing competitors in Metal Finishing Machines were:
China $836M
United States $544M
Germany $295M

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.39M
TOP IMPORT POTENTIALGermany+ $4.55M

Metal Finishing Machines’s highest export potential is China. With an export gap of $1.39M.   Metal Finishing Machines’s highest import potential is Germany with an import gap of $4.55M.

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