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2023
Exports $1.08BWorld Rnk 22 / 222
Flag Rnk 66 / 1216
2023
Destination $49.6M Netherlands
2022 - 2023
FASTEST GROWING MARKET $49.6MUnited States
2023
PRODUCT COMPLEXITY IN Office Machine Parts1.14Rnk 125 / 1025
2023
Imports $1.45BWorld Rnk 31 / 226
Flag Rnk 39 / 1213
2023
Origin $16.6M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $16.6MUnited States
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $1.08B in Office Machine Parts, making it the 22nd largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 66th most exported product in Belgium. The main destination of Office Machine Parts exports from Belgium are: Netherlands ($283M), United States ($206M), France ($95.8M), Italy ($79.4M), and Germany ($57.3M).

The fastest growing export markets for Office Machine Parts of Belgium between 2022 and 2023 were United States ($49.6M), Italy ($17.7M), and Spain ($16.5M).

Imports In 2023, Belgium imported $1.45B in Office Machine Parts, becoming the 31st largest importer of Office Machine Parts in the world. At the same year, Office Machine Parts was the 39th most imported product in Belgium. Belgium imports Office Machine Parts primarily from: Netherlands ($633M), Germany ($145M), China ($129M), Czechia ($82.2M), and United States ($76.8M).

The fastest growing import markets in Office Machine Parts for Belgium between 2022 and 2023 were United States ($16.6M), France ($14.7M), and Ireland ($8.2M).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Office Machine Parts exports accounted up to €11.7M and imports accounted up to €19.4M, resulting in a negative trade balance of €7.72M. Between November 2023 and November 2024 the exports of Belgium's   Office Machine Parts have increased by €3.63M (44.9%) from €8.08M to €11.7M, while imports increased by €1.23M (6.77%) from €18.2M to €19.4M.

Destinations In November 2024, Office Machine Parts were exported mostly to Netherlands (€2.24M), United States (€1.61M), Morocco (€1.12M), United Kingdom (€843k), and Italy (€582k), and were imported mostly from Netherlands (€8.65M), Germany (€2.99M), China (€1.58M), France (€1.39M), and Sweden (€1.11M).

Growth In November 2024, the increase in Office Machine Parts's year-by-year exports was explained primarily by an increase in exports to Italy (€1.3M or 170%), Netherlands (€1.21M or 31.8%), and Germany (€229k or 30.2%). In November 2024, the increase in Office Machine Parts's year-by-year imports was explained primarily by an increase in imports from Netherlands (€1.58M or 18.1%), China (€945k or 83.2%), and Romania (€453k or 1.06k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€3.63M(44.9%)
IMPORT GROWTH (November 2023 - November 2024)€1.23M(6.77%)
MAIN DESTINATION (November 2024)Netherlands€2.24M

This section shows Office Machine Parts'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 Office Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.08B
IMPORTS (2023)$1.45B
NET TRADE (2023)-$368M

In 2023, Belgium exported $1.08B in Office Machine Parts. The main destinations of Belgium exports on Office Machine Parts were Netherlands ($283M), United States ($206M), France ($95.8M), Italy ($79.4M), and Germany ($57.3M).

In 2023, Belgium imported $1.45B in Office Machine Parts, mainly from Netherlands ($633M), Germany ($145M), China ($129M), Czechia ($82.2M), and United States ($76.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
United States$49.6M (31.7%)
Italy$17.7M (28.6%)
Spain$16.5M (155%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY Belgium WERE (2022 - 2023):
Germany-$19M (-24.9%)
China-$6.3M (-38.3%)
Russia-$3.94M (-57%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Office Machine Parts were:
China $89B
Chinese Taipei $29.8B
Thailand $21.4B
In 2023, Belgium's main importing competitors in Office Machine Parts were:
United States $54.7B
China $23.4B
Hong Kong $23B

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Trade Value of Office Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $20.8M
TOP IMPORT POTENTIALGermany+ $31.6M

Office Machine Parts’s highest export potential is Germany. With an export gap of $20.8M.   Office Machine Parts’s highest import potential is Germany with an import gap of $31.6M.

See methodology.

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