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2022
Exports $6.99MWorld Rnk 30 / 153
Flag Rnk 915 / 1213
2022
Destination $434k Netherlands
2021 - 2022
FASTEST GROWING MARKET $434kNetherlands
2022
PRODUCT COMPLEXITY IN Mill Machinery0.2Rnk 485 / 1025
2022
Imports $22.9MWorld Rnk 35 / 202
Flag Rnk 810 / 1214
2022
Origin $4.97M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $4.97MSwitzerland
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $6.99M in Mill Machinery, making it the 30th largest exporter of Mill Machinery in the world. At the same year, Mill Machinery was the 915th most exported product in Belgium. The main destination of Mill Machinery exports from Belgium are: Netherlands ($1.5M), India ($762k), Germany ($593k), Democratic Republic of the Congo ($403k), and United Kingdom ($372k).

The fastest growing export markets for Mill Machinery of Belgium between 2021 and 2022 were Netherlands ($434k), Democratic Republic of the Congo ($394k), and United Kingdom ($337k).

Imports In 2022, Belgium imported $22.9M in Mill Machinery, becoming the 35th largest importer of Mill Machinery in the world. At the same year, Mill Machinery was the 810th most imported product in Belgium. Belgium imports Mill Machinery primarily from: Switzerland ($5.59M), Italy ($4.04M), Germany ($3.57M), Netherlands ($2.88M), and United Kingdom ($1.96M).

The fastest growing import markets in Mill Machinery for Belgium between 2021 and 2022 were Switzerland ($4.97M), Italy ($2.1M), and United Kingdom ($1.21M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Mill Machinery exports accounted up to €40.5k and imports accounted up to €270k, resulting in a negative trade balance of €229k. Between August 2023 and August 2024 the exports of Belgium's   Mill Machinery have decreased by €-113k (-73.5%) from €153k to €40.5k, while imports decreased by €-912k (-77.2%) from €1.18M to €270k.

Destinations In August 2024, Mill Machinery were exported mostly to Democratic Republic of the Congo (€16.9k), United Kingdom (€6.82k), United States (€6.25k), United Arab Emirates (€3.44k), and France (€2.58k), and were imported mostly from Germany (€90.4k), Netherlands (€56k), Denmark (€47.3k), France (€37.4k), and United Kingdom (€19.5k).

Growth In August 2024, the decrease in Mill Machinery's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-328k or -97.4%), United States (€-151k or -88.3%), and Ghana (€-135 or -80.4%). In August 2024, the decrease in Mill Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany (€-562k or -81.9%), Turkey (€-77k or -98.9%), and France (€-27.5k or -72.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-113k(-73.5%)
IMPORT GROWTH (August 2023 - August 2024)€-912k(-77.2%)
MAIN DESTINATION (August 2024)Democratic Republic of the Congo€16.9k

This section shows Mill Machinery'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 Mill Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.99M
IMPORTS (2022)$22.9M
NET TRADE (2022)-$15.9M

In 2022, Belgium exported $6.99M in Mill Machinery. The main destinations of Belgium exports on Mill Machinery were Netherlands ($1.5M), India ($762k), Germany ($593k), Democratic Republic of the Congo ($403k), and United Kingdom ($372k).

In 2022, Belgium imported $22.9M in Mill Machinery, mainly from Switzerland ($5.59M), Italy ($4.04M), Germany ($3.57M), Netherlands ($2.88M), and United Kingdom ($1.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mill Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$434k (40.9%)
Democratic Republic of the Congo$394k (4.36k%)
United Kingdom$337k (958%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mill Machinery BY Belgium WERE (2021 - 2022):
Philippines-$7.2M (-99.8%)
Kenya-$1.49M (-87.7%)
Peru-$1.18M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Mill Machinery were:
China $609M
Turkey $304M
Italy $195M
In 2022, Belgium's main importing competitors in Mill Machinery were:
India $191M
United States $148M
Nigeria $85.8M

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Trade Value of Mill Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $626k
TOP IMPORT POTENTIALGermany+ $1.81M

Mill Machinery’s highest export potential is Germany. With an export gap of $626k.   Mill Machinery’s highest import potential is Germany with an import gap of $1.81M.

See methodology.

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