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2022
Exports $186MWorld Rnk 9 / 93
Flag Rnk 317 / 1213
falsefalse Italy
2022
PRODUCT COMPLEXITY IN Metalworking Transfer Machines2.21Rnk 2 / 1025
2022
Imports $237MWorld Rnk 9 / 169
Flag Rnk 323 / 1214
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).

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

July 2024

About

Overview In July 2024 Belgium's Metalworking Transfer Machines exports accounted up to €8.74M and imports accounted up to €11.5M, resulting in a negative trade balance of €2.78M. Between July 2023 and July 2024 the exports of Belgium's   Metalworking Transfer Machines have increased by €873k (11.1%) from €7.87M to €8.74M, while imports increased by €2.28M (24.7%) from €9.24M to €11.5M.

Destinations In July 2024, Metalworking Transfer Machines were exported mostly to France (€1.51M), Poland (€1.13M), Italy (€1.06M), Germany (€892k), and Spain (€601k), and were imported mostly from United States (€9.93M), Germany (€1.12M), Switzerland (€226k), Turkey (€80.5k), and Chinese Taipei (€62.9k).

Growth In July 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 July 2024, the increase in Metalworking Transfer Machines's year-by-year imports was explained primarily by an increase in imports from Japan (€270k or 959%) and Chinese Taipei (€816 or 8.86%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€873k(11.1%)
IMPORT GROWTH (July 2023 - July 2024)€2.28M(24.7%)
MAIN DESTINATION (July 2024)France€1.51M

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
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Change in Exports by Market (2021 - 2022)

Market Concentration

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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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