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2023
Exports $170MWorld Rnk 9 / 131
Flag Rnk 346 / 1216
2023
Destination $13.9M Italy
2022 - 2023
FASTEST GROWING MARKET $13.9MFrance
2023
PRODUCT COMPLEXITY IN Metal Lathes1.73Rnk 21 / 1025
2023
Imports $86.8MWorld Rnk 20 / 190
Flag Rnk 494 / 1213
2023
Origin $20.1M United States
2022 - 2023
FASTEST GROWING ORIGIN $20.1MSingapore
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $170M in Metal Lathes, making it the 9th largest exporter of Metal Lathes in the world. At the same year, Metal Lathes was the 346th most exported product in Belgium. The main destination of Metal Lathes exports from Belgium are: Italy ($71.7M), France ($48.3M), Hungary ($10.3M), Denmark ($5.52M), and Romania ($4.62M).

The fastest growing export markets for Metal Lathes of Belgium between 2022 and 2023 were France ($13.9M), Italy ($13.2M), and Hungary ($6.16M).

Imports In 2023, Belgium imported $86.8M in Metal Lathes, becoming the 20th largest importer of Metal Lathes in the world. At the same year, Metal Lathes was the 494th most imported product in Belgium. Belgium imports Metal Lathes primarily from: United States ($36.3M), Singapore ($20.2M), United Kingdom ($6.48M), Japan ($5.33M), and Germany ($3.83M).

The fastest growing import markets in Metal Lathes for Belgium between 2022 and 2023 were Singapore ($20.1M), Italy ($1.5M), and Netherlands ($1.35M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Metal Lathes exports accounted up to €2.99M and imports accounted up to €5.09M, resulting in a negative trade balance of €2.09M. Between October 2023 and October 2024 the exports of Belgium's   Metal Lathes have increased by €1.27M (74%) from €1.72M to €2.99M, while imports increased by €1.93M (61.4%) from €3.15M to €5.09M.

Destinations In October 2024, Metal Lathes were exported mostly to France (€850k), Germany (€328k), Poland (€271k), Czechia (€264k), and Spain (€251k), and were imported mostly from United States (€3.6M), Germany (€635k), South Korea (€474k), Netherlands (€171k), and Chinese Taipei (€107k).

Growth In October 2024, the increase in Metal Lathes's year-by-year exports was explained primarily by an increase in exports to Germany (€334k or 431%), Finland (€78.6k or 7.86M%), and Portugal (€38.4k or 3.84M%). In October 2024, the increase in Metal Lathes's year-by-year imports was explained primarily by an increase in imports from Germany (€283k or 46.7%), France (€256k or 49.4%), and South Korea (€89.8k or 53%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€1.27M(74%)
IMPORT GROWTH (October 2023 - October 2024)€1.93M(61.4%)
MAIN DESTINATION (October 2024)France€850k

This section shows Metal Lathes'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 Lathes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$170M
IMPORTS (2023)$86.8M
NET TRADE (2023)$82.9M

In 2023, Belgium exported $170M in Metal Lathes. The main destinations of Belgium exports on Metal Lathes were Italy ($71.7M), France ($48.3M), Hungary ($10.3M), Denmark ($5.52M), and Romania ($4.62M).

In 2023, Belgium imported $86.8M in Metal Lathes, mainly from United States ($36.3M), Singapore ($20.2M), United Kingdom ($6.48M), Japan ($5.33M), and Germany ($3.83M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metal Lathes EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$13.9M (40.4%)
Italy$13.2M (22.5%)
Hungary$6.16M (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Lathes BY Belgium WERE (2022 - 2023):
Czechia-$2.38M (-91.5%)
Sweden-$1.14M (-68.6%)
Spain-$951k (-31.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Metal Lathes were:
Japan $1.84B
South Korea $1.02B
China $1.01B
In 2023, Belgium's main importing competitors in Metal Lathes were:
United States $1.22B
China $661M
Germany $590M

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Trade Value of Metal Lathes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.76M
TOP IMPORT POTENTIALGermany+ $5.77M

Metal Lathes’s highest export potential is Germany. With an export gap of $4.76M.   Metal Lathes’s highest import potential is Germany with an import gap of $5.77M.

See methodology.

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