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2022
Exports $976MWorld Rnk 24 / 226
Flag Rnk 77 / 1213
2022
Destination $13.7M Netherlands
2021 - 2022
FASTEST GROWING MARKET $13.7MUnited States
2022
PRODUCT COMPLEXITY IN Office Machine Parts1.32Rnk 90 / 1025
2022
Imports $1.68BWorld Rnk 31 / 224
Flag Rnk 40 / 1214
2022
Origin $27M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $27MUnited States
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $976M in Office Machine Parts, making it the 24th largest exporter of Office Machine Parts in the world. At the same year, Office Machine Parts was the 77th most exported product in Belgium. The main destination of Office Machine Parts exports from Belgium are: Netherlands ($247M), United States ($155M), Germany ($84.4M), France ($75.8M), and Italy ($56.9M).

The fastest growing export markets for Office Machine Parts of Belgium between 2021 and 2022 were United States ($13.7M), Hungary ($13M), and Italy ($12.5M).

Imports In 2022, Belgium imported $1.68B 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 40th most imported product in Belgium. Belgium imports Office Machine Parts primarily from: Netherlands ($615M), China ($217M), Germany ($182M), Czechia ($139M), and United States ($115M).

The fastest growing import markets in Office Machine Parts for Belgium between 2021 and 2022 were United States ($27M), Poland ($23.4M), and China ($18.7M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Office Machine Parts exports accounted up to €1.08M and imports accounted up to €1.63M, resulting in a negative trade balance of €546k. Between May 2023 and May 2024 the exports of Belgium's   Office Machine Parts have decreased by €-10.7M (-90.8%) from €11.7M to €1.08M, while imports decreased by €-19.3M (-92.2%) from €20.9M to €1.63M.

Destinations In May 2024, Office Machine Parts were exported mostly to China (€233k), Bulgaria (€155k), Canada (€153k), Switzerland (€131k), and Czechia (€87.7k), and were imported mostly from China (€1.39M), Czechia (€199k), Switzerland (€24.7k), United Arab Emirates (€3.68k), and Austria (€2.66k).

Growth In May 2024, the decrease in Office Machine Parts's year-by-year exports was explained primarily by a decrease in exports to Luxembourg (€-316k or -66.9%), United Kingdom (€-291k or -60.3%), and Democratic Republic of the Congo (€-263k or -92%). In May 2024, the decrease in Office Machine Parts's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-131k or -60.5%), Denmark (€-85.7k or -53.1%), and Switzerland (€-53.3k or -79.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-10.7M(-90.8%)
IMPORT GROWTH (May 2023 - May 2024)€-19.3M(-92.2%)
MAIN DESTINATION (May 2024)China€233k

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 (2022)$976M
IMPORTS (2022)$1.68B
NET TRADE (2022)-$702M

In 2022, Belgium exported $976M in Office Machine Parts. The main destinations of Belgium exports on Office Machine Parts were Netherlands ($247M), United States ($155M), Germany ($84.4M), France ($75.8M), and Italy ($56.9M).

In 2022, Belgium imported $1.68B in Office Machine Parts, mainly from Netherlands ($615M), China ($217M), Germany ($182M), Czechia ($139M), and United States ($115M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Office Machine Parts EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$13.7M (9.71%)
Hungary$13M (304%)
Italy$12.5M (28.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Office Machine Parts BY Belgium WERE (2021 - 2022):
United Kingdom-$24.1M (-45.9%)
Czechia-$16.6M (-77.4%)
Germany-$8.15M (-8.81%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Office Machine Parts were:
China $111B
Chinese Taipei $26.4B
United States $22.5B
In 2022, Belgium's main importing competitors in Office Machine Parts were:
United States $60.3B
Hong Kong $30.5B
China $27.2B

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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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