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2022
Exports $186MWorld Rnk 9 / 93
Flag Rnk 317 / 1213
2022
Destination $16.2M Italy
2021 - 2022
FASTEST GROWING MARKET $16.2MItaly
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.21Rnk 2 / 1025
2022
Imports $237MWorld Rnk 9 / 169
Flag Rnk 323 / 1214
2022
Origin $16.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $16.7MJapan
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $186M in Metalworking Transfer Machines, making it the 9th largest exporter of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 317th most exported product in Belgium. The main destination of Metalworking Transfer Machines exports from Belgium are: Italy ($59.4M), France ($25.9M), Poland ($17.1M), Germany ($13.6M), and Netherlands ($7.49M).

The fastest growing export markets for Metalworking Transfer Machines of Belgium between 2021 and 2022 were Italy ($16.2M), France ($14.3M), and Germany ($3.78M).

Imports In 2022, Belgium imported $237M in Metalworking Transfer Machines, becoming the 9th largest importer of Metalworking Transfer Machines in the world. At the same year, Metalworking Transfer Machines was the 323rd most imported product in Belgium. Belgium imports Metalworking Transfer Machines primarily from: United States ($106M), United Kingdom ($58.3M), Japan ($34.1M), Germany ($8.26M), and Chinese Taipei ($6.77M).

The fastest growing import markets in Metalworking Transfer Machines for Belgium between 2021 and 2022 were Japan ($16.7M), United Kingdom ($5.33M), and Switzerland ($3.25M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Metalworking Transfer Machines exports accounted up to €9.43M and imports accounted up to €7.58M, resulting in a positive trade balance of €1.85M. Between August 2023 and August 2024 the exports of Belgium's   Metalworking Transfer Machines have increased by €1.85M (24.4%) from €7.58M to €9.43M, while imports decreased by €-2.6M (-25.5%) from €10.2M to €7.58M.

Destinations In August 2024, Metalworking Transfer Machines were exported mostly to Chinese Taipei (€3.35M), France (€1.26M), Germany (€978k), Sweden (€532k), and Poland (€394k), and were imported mostly from United States (€6.63M), Italy (€766k), Germany (€119k), China (€46.9k), and Japan (€14k).

Growth In August 2024, the increase in Metalworking Transfer Machines's year-by-year exports was explained primarily by an increase in exports to Croatia (€400k or 285%), Czechia (€337k or 89.4%), and Portugal (€194k or 122%). In August 2024, the decrease in Metalworking Transfer Machines's year-by-year imports was explained primarily by a decrease in imports from United States (€-1.62M or -18%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€1.85M(24.4%)
IMPORT GROWTH (August 2023 - August 2024)€-2.6M(-25.5%)
MAIN DESTINATION (August 2024)Chinese Taipei€3.35M

This section shows Metalworking Transfer 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 Transfer Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$186M
IMPORTS (2022)$237M
NET TRADE (2022)-$51.2M

In 2022, Belgium exported $186M in Metalworking Transfer Machines. The main destinations of Belgium exports on Metalworking Transfer Machines were Italy ($59.4M), France ($25.9M), Poland ($17.1M), Germany ($13.6M), and Netherlands ($7.49M).

In 2022, Belgium imported $237M in Metalworking Transfer Machines, mainly from United States ($106M), United Kingdom ($58.3M), Japan ($34.1M), Germany ($8.26M), and Chinese Taipei ($6.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Transfer Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$16.2M (37.4%)
France$14.3M (122%)
Germany$3.78M (38.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Transfer Machines BY Belgium WERE (2021 - 2022):
United Kingdom-$3.53M (-92.6%)
United States-$1.21M (-88%)
Spain-$978k (-15.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Metalworking Transfer Machines were:
Japan $2.84B
Germany $1.79B
Chinese Taipei $1.13B
In 2022, Belgium's main importing competitors in Metalworking Transfer Machines were:
China $1.85B
United States $1.5B
Germany $559M

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Trade Value of Metalworking Transfer Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $8.84M
TOP IMPORT POTENTIALGermany+ $11.1M

Metalworking Transfer Machines’s highest export potential is Germany. With an export gap of $8.84M.   Metalworking Transfer Machines’s highest import potential is Germany with an import gap of $11.1M.

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