2022
Exports
$15.4MWorld Rnk 17 / 160
Flag Rnk 793 / 1213
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$24.1MWorld Rnk 22 / 212
Flag Rnk 802 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

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 John Deere (128) and Stanley Black & Decker (2) were at the forefront of shipping Metalworking Machines from Belgium to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-63.5k(-15.8%)
IMPORT GROWTH (June 2023 - June 2024)€-407k(-44.5%)
MAIN DESTINATION (June 2024)Greece€150k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.4M
IMPORTS (2022)$24.1M
NET TRADE (2022)-$8.7M

In 2022, Belgium exported $15.4M in Metalworking Machines. The main destinations of Belgium exports on Metalworking Machines were Denmark ($5.68M), Costa Rica ($2.62M), India ($1.37M), Netherlands ($1.11M), and Brazil ($808k).

In 2022, Belgium imported $24.1M in Metalworking Machines, mainly from Germany ($7.68M), Netherlands ($2.81M), China ($2.77M), Italy ($1.97M), and Chinese Taipei ($1.93M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Costa Rica$2.62M (1%)
Denmark$616k (12.2%)
Sweden$222k (872%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Belgium WERE (2021 - 2022):
India-$492k (-26.4%)
China-$266k (-90.8%)
Cyprus-$107k (-96.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Metalworking Machines were:
In 2022, Belgium's main importing competitors in Metalworking Machines were:

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $725k
TOP IMPORT POTENTIALGermany+ $4.04M

Metalworking Machines’s highest export potential is Germany. With an export gap of $725k.   Metalworking Machines’s highest import potential is Germany with an import gap of $4.04M.

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