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

About

Exports In 2023, Belgium exported $6.07B in Motor vehicles; parts and accessories (8701 to 8705), making it the 20th 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 ($1.75B), Netherlands ($1B), Germany ($850M), United Kingdom ($473M), and Spain ($321M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Belgium between 2022 and 2023 were France ($345M), United Kingdom ($138M), and Spain ($132M).

Imports In 2023, Belgium imported $8.97B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 13th 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 9th most imported product in Belgium. Belgium imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($2B), Sweden ($1.32B), France ($987M), Netherlands ($791M), and Poland ($589M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Belgium between 2022 and 2023 were France ($203M), Sweden ($185M), and Germany ($176M).

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

November 2024

About

Overview In November 2024 Belgium's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €429M and imports accounted up to €585M, resulting in a negative trade balance of €156M. Between November 2023 and November 2024 the exports of Belgium's Motor vehicles; parts and accessories (8701 to 8705) have increased by €34.3M (8.7%) from €395M to €429M, while imports increased by €43.3M (7.99%) from €542M to €585M.

Destinations In November 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to France (€67.7M), Netherlands (€53.8M), Germany (€44.9M), United Kingdom (€40.7M), and Sweden (€23.3M), and were imported mostly from Germany (€117M), Sweden (€102M), Netherlands (€62.4M), France (€49.7M), and Poland (€48.5M).

Growth In November 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 November 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from Sweden (€19.4M or 22.7%), Germany (€19.4M or 17.5%), and France (€10.8M or 19.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€34.3M(8.7%)

IMPORT GROWTH (November 2023 - November 2024)€43.3M(7.99%)

MAIN DESTINATION (November 2024)France€67.7M

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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