Navigation Equipment in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $136M in Navigation Equipment, making it the 29th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 384th most exported product in Belgium. The main destination of Navigation Equipment exports from Belgium are: Germany ($28.1M), Netherlands ($16.2M), France ($12.1M), United States ($11.4M), and Japan ($9.78M).

The fastest growing export markets for Navigation Equipment of Belgium between 2021 and 2022 were Italy ($3.55M), Malaysia ($1.62M), and Netherlands ($1.37M).

Imports In 2022, Belgium imported $288M in Navigation Equipment, becoming the 19th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 287th most imported product in Belgium. Belgium imports Navigation Equipment primarily from: Germany ($58.7M), Portugal ($48.4M), Netherlands ($32.8M), Japan ($24.4M), and Vietnam ($18M).

The fastest growing import markets in Navigation Equipment for Belgium between 2021 and 2022 were Portugal ($37.2M), Vietnam ($13.3M), and Austria ($4.79M).

COMPANIES In 2023, leading companies such as ZF TRANSMISSIONS GRAY COURT, LLC (644) and ROBERT BOSCH TOOL CORPORATION (67) were at the forefront of shipping Navigation Equipment from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Navigation Equipment exports accounted up to €12.7M and imports accounted up to €18.4M, resulting in a negative trade balance of €5.65M. Between December 2022 and December 2023 the exports of Belgium's Navigation Equipment have decreased by €-1.6M (-11.2%) from €14.3M to €12.7M, while imports decreased by €-3.56M (-16.2%) from €21.9M to €18.4M.

Destinations In December 2023, Navigation Equipment were exported mostly to Japan (€1.68M), United States (€1.56M), Germany (€1.56M), United Kingdom (€1.31M), and France (€1.03M), and were imported mostly from Portugal (€6.53M), Germany (€3.85M), China (€2.67M), France (€1.13M), and Sweden (€1.02M).

Growth In December 2023, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-68.6k or -21.8%), Denmark (€-18.5k or -20.3%), and China (€-17.7k or -62.3%). In December 2023, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan (€-2.3M or -59.7%), Singapore (€-1.79M or -64.5%), and Germany (€-888k or -30.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-1.6M(-11.2%)

IMPORT GROWTH (December 2022 - December 2023)€-3.56M(-16.2%)

MAIN DESTINATION (December 2023)Japan€1.68M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$136M

IMPORTS (2022)$288M

NET TRADE (2022)-$152M

In 2022, Belgium exported $136M in Navigation Equipment. The main destinations of Belgium exports on Navigation Equipment were Germany ($28.1M), Netherlands ($16.2M), France ($12.1M), United States ($11.4M), and Japan ($9.78M).

In 2022, Belgium imported $288M in Navigation Equipment, mainly from Germany ($58.7M), Portugal ($48.4M), Netherlands ($32.8M), Japan ($24.4M), and Vietnam ($18M).

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