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2022
Exports $106MWorld Rnk 21 / 174
Flag Rnk 426 / 1213
2022
Destination $28.7M India
2021 - 2022
FASTEST GROWING MARKET $28.7MIndia
2022
PRODUCT COMPLEXITY IN Other Construction Vehicles-0.93Rnk 822 / 1025
2022
Imports $147MWorld Rnk 23 / 215
Flag Rnk 420 / 1214
2022
Origin $14M China
2021 - 2022
FASTEST GROWING ORIGIN $14MChina
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $106M in Other Construction Vehicles, making it the 21st largest exporter of Other Construction Vehicles in the world. At the same year, Other Construction Vehicles was the 426th most exported product in Belgium. The main destination of Other Construction Vehicles exports from Belgium are: India ($36.1M), France ($14.8M), Netherlands ($8.88M), Germany ($5.97M), and Italy ($5.04M).

The fastest growing export markets for Other Construction Vehicles of Belgium between 2021 and 2022 were India ($28.7M), Canada ($2.21M), and France ($1.73M).

Imports In 2022, Belgium imported $147M in Other Construction Vehicles, becoming the 23rd largest importer of Other Construction Vehicles in the world. At the same year, Other Construction Vehicles was the 420th most imported product in Belgium. Belgium imports Other Construction Vehicles primarily from: China ($36.9M), Netherlands ($21.3M), Germany ($16.2M), United States ($14.6M), and France ($12.3M).

The fastest growing import markets in Other Construction Vehicles for Belgium between 2021 and 2022 were China ($14M), Netherlands ($4.25M), and Sweden ($1.42M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Other Construction Vehicles exports accounted up to €2.51M and imports accounted up to €5.56M, resulting in a negative trade balance of €3.05M. Between August 2023 and August 2024 the exports of Belgium's   Other Construction Vehicles have decreased by €-2M (-44.4%) from €4.52M to €2.51M, while imports decreased by €-1.64M (-22.8%) from €7.2M to €5.56M.

Destinations In August 2024, Other Construction Vehicles were exported mostly to Norway (€704k), Germany (€635k), Finland (€323k), Nigeria (€97.1k), and Lithuania (€91.9k), and were imported mostly from United States (€1.65M), Japan (€929k), Italy (€775k), Germany (€525k), and Guyana (€365k).

Growth In August 2024, the decrease in Other Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Mexico (€-1.57M or -95.5%), Sweden (€-495k or -72.2%), and Germany (€-424k or -74.9%). In August 2024, the decrease in Other Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from China (€-3.12M or -85.6%), Italy (€-628k or -83.2%), and United States (€-342k or -20.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-2M(-44.4%)
IMPORT GROWTH (August 2023 - August 2024)€-1.64M(-22.8%)
MAIN DESTINATION (August 2024)Norway€704k

This section shows Other Construction Vehicles'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 Other Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$106M
IMPORTS (2022)$147M
NET TRADE (2022)-$41M

In 2022, Belgium exported $106M in Other Construction Vehicles. The main destinations of Belgium exports on Other Construction Vehicles were India ($36.1M), France ($14.8M), Netherlands ($8.88M), Germany ($5.97M), and Italy ($5.04M).

In 2022, Belgium imported $147M in Other Construction Vehicles, mainly from China ($36.9M), Netherlands ($21.3M), Germany ($16.2M), United States ($14.6M), and France ($12.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Construction Vehicles EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
India$28.7M (389%)
Canada$2.21M (512%)
France$1.73M (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Construction Vehicles BY Belgium WERE (2021 - 2022):
Italy-$6.37M (-55.8%)
Germany-$4.94M (-45.3%)
Israel-$3.05M (-95.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Other Construction Vehicles were:
China $2.42B
Germany $1.45B
United States $1.23B
In 2022, Belgium's main importing competitors in Other Construction Vehicles were:
United States $1.62B
Canada $778M
India $571M

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Trade Value of Other Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.85M
TOP IMPORT POTENTIALGermany+ $13.2M

Other Construction Vehicles’s highest export potential is Germany. With an export gap of $6.85M.   Other Construction Vehicles’s highest import potential is Germany with an import gap of $13.2M.

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