Metalworking Machines in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $15.4M in Metalworking Machines, making it the 17th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 793rd most exported product in Belgium. The main destination of Metalworking Machines exports from Belgium are: Denmark ($5.68M), Costa Rica ($2.62M), India ($1.37M), Netherlands ($1.11M), and Brazil ($808k).

The fastest growing export markets for Metalworking Machines of Belgium between 2021 and 2022 were Costa Rica ($2.62M), Denmark ($616k), and Sweden ($222k).

Imports In 2022, Belgium imported $24.1M in Metalworking Machines, becoming the 22nd largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 802nd most imported product in Belgium. Belgium imports Metalworking Machines primarily from: Germany ($7.68M), Netherlands ($2.81M), China ($2.77M), Italy ($1.97M), and Chinese Taipei ($1.93M).

The fastest growing import markets in Metalworking Machines for Belgium between 2021 and 2022 were Germany ($1.94M), United States ($1.02M), and Chinese Taipei ($458k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Metalworking Machines from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Metalworking Machines exports accounted up to €372k and imports accounted up to €1.47M, resulting in a negative trade balance of €1.1M. Between December 2022 and December 2023 the exports of Belgium's Metalworking Machines have increased by €42.1k (12.8%) from €330k to €372k, while imports decreased by €-445k (-23.2%) from €1.92M to €1.47M.

Destinations In December 2023, Metalworking Machines were exported mostly to Bulgaria (€147k), China (€63.9k), France (€33k), Austria (€22.2k), and Greece (€21.1k), and were imported mostly from Netherlands (€719k), Germany (€494k), Italy (€124k), Denmark (€55.8k), and Chinese Taipei (€25.1k).

Growth In December 2023, the increase in Metalworking Machines's year-by-year exports was explained primarily by an increase in exports to Spain (€34.4k or 1.26k%), France (€7.97k or 30.1%), and Italy (€2.9k or 1.07k%). In December 2023, the decrease in Metalworking Machines's year-by-year imports was explained primarily by a decrease in imports from India (€-79.9k or -63.1%), France (€-7.26k or -39.4%), and Turkey (€-3.58k or -14.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€42.1k(12.8%)

IMPORT GROWTH (December 2022 - December 2023)€-445k(-23.2%)

MAIN DESTINATION (December 2023)Bulgaria€147k

This section shows Metalworking 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 Metalworking Machines over time.

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