2023
Exports
$8.45BWorld Rnk 17 / 226
Flag Rnk 11 / 96
2023
PRODUCT COMPLEXITY IN Optical, photo, & film equipment; medical instruments
1.85Rnk 9 / 1025
2023
Imports
$11.6BWorld Rnk 17 / 226
Flag Rnk 9 / 96
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $8.45B in Optical, photo, & film equipment; medical instruments, making it the 17th largest exporter of Optical, photo, & film equipment; medical instruments in the world. At the same year, Optical, photo, & film equipment; medical instruments was the 11th most exported product in Belgium. The main destination of Optical, photo, & film equipment; medical instruments exports from Belgium are: France ($1.45B), Italy ($1.14B), Netherlands ($1.07B), China ($441M), and Germany ($387M).

The fastest growing export markets for Optical, photo, & film equipment; medical instruments of Belgium between 2022 and 2023 were Italy ($205M), Japan ($202M), and France ($123M).

Imports In 2023, Belgium imported $11.6B in Optical, photo, & film equipment; medical instruments, becoming the 17th largest importer of Optical, photo, & film equipment; medical instruments in the world. At the same year, Optical, photo, & film equipment; medical instruments was the 9th most imported product in Belgium. Belgium imports Optical, photo, & film equipment; medical instruments primarily from: United States ($1.94B), Netherlands ($1.57B), Germany ($1.37B), Mexico ($920M), and France ($682M).

The fastest growing import markets in Optical, photo, & film equipment; medical instruments for Belgium between 2022 and 2023 were United Kingdom ($92.4M), France ($86.8M), and Germany ($68.9M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (111), ZF Friedrichshafen (20), and Euromarket Designs (18) were at the forefront of shipping Optical, photo, & film equipment; medical instruments from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€204M(28.3%)
IMPORT GROWTH (November 2023 - November 2024)€79.7M(11.2%)
MAIN DESTINATION (November 2024)Germany€102M

This section shows Optical, photo, & film equipment; medical instruments'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 Optical, photo, & film equipment; medical instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.45B
IMPORTS (2023)$11.6B
NET TRADE (2023)-$3.13B

In 2023, Belgium exported $8.45B in Optical, photo, & film equipment; medical instruments. The main destinations of Belgium exports on Optical, photo, & film equipment; medical instruments were France ($1.45B), Italy ($1.14B), Netherlands ($1.07B), China ($441M), and Germany ($387M).

In 2023, Belgium imported $11.6B in Optical, photo, & film equipment; medical instruments, mainly from United States ($1.94B), Netherlands ($1.57B), Germany ($1.37B), Mexico ($920M), and France ($682M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Optical, photo, & film equipment; medical instruments EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$205M (21.9%)
Japan$202M (205%)
France$123M (9.28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Optical, photo, & film equipment; medical instruments BY Belgium WERE (2022 - 2023):
China-$98.2M (-18.2%)
India-$97.3M (-46.4%)
Israel-$73.6M (-65%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Optical, photo, & film equipment; medical instruments were:
In 2023, Belgium's main importing competitors in Optical, photo, & film equipment; medical instruments were:

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Trade Value of Optical, photo, & film equipment; medical instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $667M
TOP IMPORT POTENTIALGermany+ $958M

Optical, photo, & film equipment; medical instruments’s highest export potential is Germany. With an export gap of $667M.   Optical, photo, & film equipment; medical instruments’s highest import potential is Germany with an import gap of $958M.

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