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2022
Exports $198MWorld Rnk 27 / 194
Flag Rnk 78 / 96
2022
Destination $9.56M France
2021 - 2022
FASTEST GROWING MARKET $9.56MRepublic of the Congo
2022
PRODUCT COMPLEXITY IN Railway and trams1.48Rnk 58 / 1025
2022
Imports $454MWorld Rnk 24 / 217
Flag Rnk 70 / 96
2022
Origin $69M France
2021 - 2022
FASTEST GROWING ORIGIN $69MFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $198M in Railway and trams, making it the 27th largest exporter of Railway and trams in the world. At the same year, Railway and trams was the 78th most exported product in Belgium. The main destination of Railway and trams exports from Belgium are: France ($36.9M), Germany ($29M), Netherlands ($26.3M), United Kingdom ($13.9M), and Republic of the Congo ($9.73M).

The fastest growing export markets for Railway and trams of Belgium between 2021 and 2022 were Republic of the Congo ($9.56M), Germany ($5.03M), and Mexico ($4.61M).

Imports In 2022, Belgium imported $454M in Railway and trams, becoming the 24th largest importer of Railway and trams in the world. At the same year, Railway and trams was the 70th most imported product in Belgium. Belgium imports Railway and trams primarily from: France ($117M), Spain ($110M), China ($36.5M), Germany ($31.4M), and Poland ($26.2M).

The fastest growing import markets in Railway and trams for Belgium between 2021 and 2022 were France ($69M), Austria ($6.85M), and Romania ($5.79M).

COMPANIES In 2023, leading companies such as Volvo (115), GE RENEWABLES NORTH AMERICA LLC (12), and John Deere (4) were at the forefront of shipping Railway and trams from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Railway and trams exports accounted up to €20.4M and imports accounted up to €56.8M, resulting in a negative trade balance of €36.4M. Between July 2023 and July 2024 the exports of Belgium's   Railway and trams have increased by €11.4M (127%) from €8.98M to €20.4M, while imports decreased by €-182M (-76.3%) from €239M to €56.8M.

Destinations In July 2024, Railway and trams were exported mostly to Republic of the Congo (€9.56M), France (€3.53M), Netherlands (€1.14M), United Kingdom (€1.13M), and Germany (€753k), and were imported mostly from France (€27.7M), Austria (€7.23M), Spain (€4.05M), Poland (€3.82M), and United States (€3.22M).

Growth In July 2024, the increase in Railway and trams's year-by-year exports was explained primarily by an increase in exports to Germany (€4.6M or 4.86k%), France (€2.61M or 201%), and Austria (€671k or 2.81k%). In July 2024, the decrease in Railway and trams's year-by-year imports was explained primarily by a decrease in imports from France (€-7.16M or -67.2%), Ireland (€-517k or -98.1%), and Sweden (€-380k or -90.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€11.4M(127%)
IMPORT GROWTH (July 2023 - July 2024)€-182M(-76.3%)
MAIN DESTINATION (July 2024)Republic of the Congo€9.56M

This section shows Railway and trams'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 Railway and trams over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$198M
IMPORTS (2022)$454M
NET TRADE (2022)-$256M

In 2022, Belgium exported $198M in Railway and trams. The main destinations of Belgium exports on Railway and trams were France ($36.9M), Germany ($29M), Netherlands ($26.3M), United Kingdom ($13.9M), and Republic of the Congo ($9.73M).

In 2022, Belgium imported $454M in Railway and trams, mainly from France ($117M), Spain ($110M), China ($36.5M), Germany ($31.4M), and Poland ($26.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway and trams EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Republic of the Congo$9.56M (5.61k%)
Germany$5.03M (20.9%)
Mexico$4.61M (1.84k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway and trams BY Belgium WERE (2021 - 2022):
Netherlands-$22.4M (-46%)
Switzerland-$21M (-92.9%)
France-$6.37M (-14.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Railway and trams were:
China $9.83B
United States $3.41B
Germany $3.35B
In 2022, Belgium's main importing competitors in Railway and trams were:
United States $4.08B
Germany $3.47B
Canada $1.66B

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Trade Value of Railway and trams by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $17.4M
TOP IMPORT POTENTIALGermany+ $25M

Railway and trams’s highest export potential is Germany. With an export gap of $17.4M.   Railway and trams’s highest import potential is Germany with an import gap of $25M.

See methodology.

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