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2023
Exports $115MWorld Rnk 13 / 199
Flag Rnk 420 / 1216
2023
Destination $2.64M France
2022 - 2023
FASTEST GROWING MARKET $2.64MItaly
2023
PRODUCT COMPLEXITY IN Motor-working Tools1.34Rnk 73 / 1025
2023
Imports $216MWorld Rnk 12 / 225
Flag Rnk 297 / 1213
2023
Origin $1.51M Sweden
2022 - 2023
FASTEST GROWING ORIGIN $1.51MItaly
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $115M in Motor-working Tools, making it the 13th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 420th most exported product in Belgium. The main destination of Motor-working Tools exports from Belgium are: France ($26.5M), Italy ($15.7M), Netherlands ($12.9M), Hong Kong ($11.9M), and Sweden ($5.91M).

The fastest growing export markets for Motor-working Tools of Belgium between 2022 and 2023 were Italy ($2.64M), Denmark ($1.47M), and Germany ($872k).

Imports In 2023, Belgium imported $216M in Motor-working Tools, becoming the 12th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 297th most imported product in Belgium. Belgium imports Motor-working Tools primarily from: Sweden ($43.2M), Germany ($37.5M), Hungary ($27.2M), China ($25.5M), and Chinese Taipei ($16.2M).

The fastest growing import markets in Motor-working Tools for Belgium between 2022 and 2023 were Italy ($1.51M), Switzerland ($1.07M), and Poland ($619k).

COMPANIES In 2023, leading companies such as Stihl (21), Volvo (2), and Stanley Black & Decker (2) were at the forefront of shipping Motor-working Tools from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Motor-working Tools exports accounted up to €69.3M and imports accounted up to €102M, resulting in a negative trade balance of €32.6M. Between October 2023 and October 2024 the exports of Belgium's   Motor-working Tools have increased by €695k (1.01%) from €68.6M to €69.3M, while imports increased by €38.3M (60.4%) from €63.5M to €102M.

Destinations In October 2024, Motor-working Tools were exported mostly to Germany (€10.4M), Poland (€8.66M), France (€6.87M), Italy (€6.78M), and Netherlands (€6.42M), and were imported mostly from Sweden (€44.7M), China (€23.8M), Germany (€10.4M), Netherlands (€3.67M), and Czechia (€3.11M).

Growth In October 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to China (€1.54M or 117%), France (€1.46M or 25%), and Sweden (€1.24M or 70.3%). In October 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from Germany (€4.2M or 59.9%), France (€1.24M or 50.9%), and Canada (€753k or 2.67k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€695k(1.01%)
IMPORT GROWTH (October 2023 - October 2024)€38.3M(60.4%)
MAIN DESTINATION (October 2024)Germany€10.4M

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
EXPORTS (2023)$115M
IMPORTS (2023)$216M
NET TRADE (2023)-$101M

In 2023, Belgium exported $115M in Motor-working Tools. The main destinations of Belgium exports on Motor-working Tools were France ($26.5M), Italy ($15.7M), Netherlands ($12.9M), Hong Kong ($11.9M), and Sweden ($5.91M).

In 2023, Belgium imported $216M in Motor-working Tools, mainly from Sweden ($43.2M), Germany ($37.5M), Hungary ($27.2M), China ($25.5M), and Chinese Taipei ($16.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$2.64M (20.2%)
Denmark$1.47M (123%)
Germany$872k (25.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Belgium WERE (2022 - 2023):
India-$6.27M (-74.6%)
France-$1.92M (-6.77%)
Turkey-$1.52M (-88%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Motor-working Tools were:
China $3.15B
Germany $1.17B
United States $712M
In 2023, Belgium's main importing competitors in Motor-working Tools were:
United States $1.37B
Germany $482M
Mexico $458M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $47.5M
TOP IMPORT POTENTIALGermany+ $62M

Motor-working Tools’s highest export potential is Germany. With an export gap of $47.5M.   Motor-working Tools’s highest import potential is Germany with an import gap of $62M.

See methodology.

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