Motor vehicles; parts and accessories (8701 to 8705) in Belgium

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Exports In 2022, Belgium exported $6.37B in Motor vehicles; parts and accessories (8701 to 8705), making it the 18th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 7th most exported product in Belgium. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Belgium are: France ($1.73B), Germany ($847M), Netherlands ($773M), United Kingdom ($588M), and Spain ($428M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Belgium between 2021 and 2022 were France ($221M), Netherlands ($46.1M), and Greece ($27.4M).

Imports In 2022, Belgium imported $8.95B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 12th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 8th most imported product in Belgium. Belgium imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($1.69B), Japan ($1.48B), Sweden ($1.06B), France ($722M), and Netherlands ($588M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Belgium between 2021 and 2022 were Slovenia ($44.9M), Nigeria ($44.6M), and China ($43.2M).

COMPANIES In 2023, leading companies such as Volvo (715), AGCO (61), and Mercedes-Benz (56) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Belgium to the United States.

Latest Trends

August 2024

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Overview In August 2024 Belgium's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €330M and imports accounted up to €389M, resulting in a negative trade balance of €59.6M. Between August 2023 and August 2024 the exports of Belgium's Motor vehicles; parts and accessories (8701 to 8705) have increased by €6.88M (2.13%) from €323M to €330M, while imports decreased by €-204M (-34.4%) from €594M to €389M.

Destinations In August 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to France (€44.6M), Netherlands (€44.4M), Germany (€40.5M), United Kingdom (€38.5M), and Sweden (€17.6M), and were imported mostly from Germany (€83.7M), Sweden (€56.2M), Netherlands (€44.7M), France (€34.6M), and China (€29M).

Growth In August 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to Netherlands (€15.6M or 27.4%), Sweden (€14.8M or 138%), and Argentina (€14.6M or 9.13k%). In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Japan (€-43.2M or -46.8%), Hungary (€-2.53M or -24.2%), and Czechia (€-2.24M or -11.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€6.88M(2.13%)

IMPORT GROWTH (August 2023 - August 2024)€-204M(-34.4%)

MAIN DESTINATION (August 2024)France€44.6M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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