Metalworking Machine Parts in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $331M in Metalworking Machine Parts, making it the 16th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 202nd most exported product in Belgium. The main destination of Metalworking Machine Parts exports from Belgium are: France ($65M), Netherlands ($39.2M), Italy ($36.3M), Germany ($34.3M), and India ($18.3M).

The fastest growing export markets for Metalworking Machine Parts of Belgium between 2021 and 2022 were India ($11.7M), Netherlands ($11.4M), and France ($9.36M).

Imports In 2022, Belgium imported $354M in Metalworking Machine Parts, becoming the 16th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 243rd most imported product in Belgium. Belgium imports Metalworking Machine Parts primarily from: United States ($65.6M), Germany ($49.6M), Netherlands ($29.2M), Italy ($27.5M), and Slovakia ($26.2M).

The fastest growing import markets in Metalworking Machine Parts for Belgium between 2021 and 2022 were Japan ($6.7M), Slovakia ($3.96M), and Poland ($2M).

COMPANIES In 2023, leading companies such as BOEING (1) were at the forefront of shipping Metalworking Machine Parts from Belgium to the United States.

Latest Trends

January 2024

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Overview In January 2024 Belgium's Metalworking Machine Parts exports accounted up to €17.8M and imports accounted up to €18.2M, resulting in a negative trade balance of €385k. Between January 2023 and January 2024 the exports of Belgium's Metalworking Machine Parts have decreased by €-2.83M (-13.7%) from €20.6M to €17.8M, while imports decreased by €-5.17M (-22.2%) from €23.4M to €18.2M.

Destinations In January 2024, Metalworking Machine Parts were exported mostly to Germany (€2.68M), France (€2.34M), United States (€1.79M), Italy (€1.32M), and Netherlands (€1.26M), and were imported mostly from Germany (€3.2M), Netherlands (€2.42M), Slovakia (€1.8M), United Kingdom (€1.75M), and United States (€1.4M).

Growth In January 2024, the decrease in Metalworking Machine Parts's year-by-year exports was explained primarily by a decrease in exports to India (€-2.61M or -85.1%), France (€-2.59M or -50.5%), and Netherlands (€-1.18M or -51%). In January 2024, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from France (€-2.84M or -69.1%), Italy (€-1.17M or -41%), and Sweden (€-1.14M or -85.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-2.83M(-13.7%)

IMPORT GROWTH (January 2023 - January 2024)€-5.17M(-22.2%)

MAIN DESTINATION (January 2024)Germany€2.68M

This section shows Metalworking Machine 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 Metalworking Machine Parts over time.

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