2023
Exports
$94.6MWorld Rnk 27 / 210
Flag Rnk 450 / 1216
2023
PRODUCT COMPLEXITY IN Padlocks
0.83Rnk 238 / 1025
2023
Imports
$175MWorld Rnk 19 / 223
Flag Rnk 346 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $94.6M in Padlocks, making it the 27th largest exporter of Padlocks in the world. At the same year, Padlocks was the 450th most exported product in Belgium. The main destination of Padlocks exports from Belgium are: Netherlands ($26.1M), France ($22.5M), Germany ($7.71M), Poland ($7.17M), and Italy ($5.32M).

The fastest growing export markets for Padlocks of Belgium between 2022 and 2023 were Netherlands ($8.37M), Luxembourg ($326k), and Norway ($319k).

Imports In 2023, Belgium imported $175M in Padlocks, becoming the 19th largest importer of Padlocks in the world. At the same year, Padlocks was the 346th most imported product in Belgium. Belgium imports Padlocks primarily from: Germany ($41.2M), Netherlands ($27.7M), Czechia ($26.2M), China ($17.3M), and France ($14.6M).

The fastest growing import markets in Padlocks for Belgium between 2022 and 2023 were Germany ($2.69M), Czechia ($1.86M), and Portugal ($1.7M).

COMPANIES In 2023, leading companies such as Brose Mechatronic Systems (46) and John Deere (1) were at the forefront of shipping Padlocks from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€3.72M(92.8%)
IMPORT GROWTH (November 2023 - November 2024)€3.01M(35%)
MAIN DESTINATION (November 2024)France€1.39M

This section shows Padlocks'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 Padlocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$94.6M
IMPORTS (2023)$175M
NET TRADE (2023)-$80.7M

In 2023, Belgium exported $94.6M in Padlocks. The main destinations of Belgium exports on Padlocks were Netherlands ($26.1M), France ($22.5M), Germany ($7.71M), Poland ($7.17M), and Italy ($5.32M).

In 2023, Belgium imported $175M in Padlocks, mainly from Germany ($41.2M), Netherlands ($27.7M), Czechia ($26.2M), China ($17.3M), and France ($14.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$8.37M (47.2%)
Luxembourg$326k (18.7%)
Norway$319k (66.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Belgium WERE (2022 - 2023):
Sweden-$2.18M (-56.1%)
United States-$1.1M (-29.6%)
Poland-$1.04M (-12.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Padlocks were:
China $4.54B
Mexico $1.43B
Germany $1.34B
In 2023, Belgium's main importing competitors in Padlocks were:

Explore Visualizations

Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $11M
TOP IMPORT POTENTIALGermany+ $18.9M

Padlocks’s highest export potential is Germany. With an export gap of $11M.   Padlocks’s highest import potential is Germany with an import gap of $18.9M.

See methodology.

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