Motor-working Tools in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $169M in Motor-working Tools, making it the 11th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 343rd most exported product in Belgium. The main destination of Motor-working Tools exports from Belgium are: France ($29.9M), Netherlands ($26.4M), Germany ($20.1M), Italy ($13.1M), and Poland ($9.37M).

The fastest growing export markets for Motor-working Tools of Belgium between 2021 and 2022 were Hong Kong ($3.09M), Netherlands ($1.59M), and Democratic Republic of the Congo ($1.14M).

Imports In 2022, Belgium imported $236M in Motor-working Tools, becoming the 11th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 324th most imported product in Belgium. Belgium imports Motor-working Tools primarily from: Germany ($44.1M), Sweden ($33.4M), Hungary ($30.6M), China ($27.6M), and Chinese Taipei ($22M).

The fastest growing import markets in Motor-working Tools for Belgium between 2021 and 2022 were Canada ($2.06M), France ($2.01M), and United States ($1.44M).

COMPANIES In 2023, leading companies such as STIHL INCORPORATED (273) and THE DOW CHEMICAL COMPANY (52) were at the forefront of shipping Motor-working Tools from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Motor-working Tools exports accounted up to €44.7M and imports accounted up to €45.6M, resulting in a negative trade balance of €917k. Between December 2022 and December 2023 the exports of Belgium's Motor-working Tools have decreased by €-4.17M (-8.53%) from €48.9M to €44.7M, while imports decreased by €-9.91M (-17.8%) from €55.6M to €45.6M.

Destinations In December 2023, Motor-working Tools were exported mostly to Germany (€7.27M), France (€4.79M), Poland (€4.41M), Netherlands (€3.81M), and Italy (€3.52M), and were imported mostly from China (€8.62M), Sweden (€7.98M), Germany (€7.24M), Czechia (€3.35M), and France (€2.85M).

Growth In December 2023, the decrease in Motor-working Tools's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-599k or -18.4%), Luxembourg (€-268k or -17.8%), and Japan (€-233k or -57.7%). In December 2023, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from China (€-25.5M or -55.8%), Sweden (€-1.7M or -21.6%), and Mexico (€-1.35M or -69.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-4.17M(-8.53%)

IMPORT GROWTH (December 2022 - December 2023)€-9.91M(-17.8%)

MAIN DESTINATION (December 2023)Germany€7.27M

This section shows Motor-working Tools'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-working Tools over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$169M

IMPORTS (2022)$236M

NET TRADE (2022)-$66.6M

In 2022, Belgium exported $169M in Motor-working Tools. The main destinations of Belgium exports on Motor-working Tools were France ($29.9M), Netherlands ($26.4M), Germany ($20.1M), Italy ($13.1M), and Poland ($9.37M).

In 2022, Belgium imported $236M in Motor-working Tools, mainly from Germany ($44.1M), Sweden ($33.4M), Hungary ($30.6M), China ($27.6M), and Chinese Taipei ($22M).

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