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2023
Exports $197MWorld Rnk 29 / 199
Flag Rnk 79 / 96
2023
Destination $11.4M France
2022 - 2023
FASTEST GROWING MARKET $11.4MFrance
2023
PRODUCT COMPLEXITY IN Railway and trams1.49Rnk 47 / 1025
2023
Imports $437MWorld Rnk 26 / 216
Flag Rnk 69 / 96
2023
Origin $16.6M France
2022 - 2023
FASTEST GROWING ORIGIN $16.6MFrance
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $197M in Railway and trams, making it the 29th largest exporter of Railway and trams in the world. At the same year, Railway and trams was the 79th most exported product in Belgium. The main destination of Railway and trams exports from Belgium are: France ($49.3M), Germany ($24.5M), Spain ($19.3M), Netherlands ($12.8M), and Italy ($10.6M).

The fastest growing export markets for Railway and trams of Belgium between 2022 and 2023 were France ($11.4M), Spain ($9.01M), and United Arab Emirates ($6.78M).

Imports In 2023, Belgium imported $437M in Railway and trams, becoming the 26th largest importer of Railway and trams in the world. At the same year, Railway and trams was the 69th most imported product in Belgium. Belgium imports Railway and trams primarily from: France ($136M), Spain ($87M), Poland ($31.2M), Germany ($30.8M), and Netherlands ($24.1M).

The fastest growing import markets in Railway and trams for Belgium between 2022 and 2023 were France ($16.6M), United States ($10.7M), and Spain ($6.72M).

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

November 2024

About

Overview In November 2024 Belgium's Railway and trams exports accounted up to €12.9M and imports accounted up to €89.4M, resulting in a negative trade balance of €76.5M. Between November 2023 and November 2024 the exports of Belgium's   Railway and trams have increased by €4.86M (60.3%) from €8.06M to €12.9M, while imports increased by €49.3M (123%) from €40.1M to €89.4M.

Destinations In November 2024, Railway and trams were exported mostly to France (€2.39M), China (€2.27M), United Kingdom (€1.45M), Gabon (€737k), and Netherlands (€648k), and were imported mostly from Austria (€31.6M), Spain (€27.1M), France (€16.2M), United States (€4.24M), and Poland (€3.05M).

Growth In November 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 November 2024, the increase in Railway and trams's year-by-year imports was explained primarily by an increase in imports from Austria (€2.55M or 331%), Germany (€1.66M or 97.7%), and China (€863k or 223%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€4.86M(60.3%)
IMPORT GROWTH (November 2023 - November 2024)€49.3M(123%)
MAIN DESTINATION (November 2024)France€2.39M

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 (2023)$197M
IMPORTS (2023)$437M
NET TRADE (2023)-$240M

In 2023, Belgium exported $197M in Railway and trams. The main destinations of Belgium exports on Railway and trams were France ($49.3M), Germany ($24.5M), Spain ($19.3M), Netherlands ($12.8M), and Italy ($10.6M).

In 2023, Belgium imported $437M in Railway and trams, mainly from France ($136M), Spain ($87M), Poland ($31.2M), Germany ($30.8M), and Netherlands ($24.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway and trams EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$11.4M (30.2%)
Spain$9.01M (87.3%)
United Arab Emirates$6.78M (3.71k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway and trams BY Belgium WERE (2022 - 2023):
Republic of the Congo-$10.5M (-99.2%)
Netherlands-$8.89M (-41%)
India-$6.24M (-91.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Railway and trams were:
China $7.21B
United States $3.51B
Germany $3.42B
In 2023, Belgium's main importing competitors in Railway and trams were:
Germany $3.95B
United States $3.22B
United Kingdom $1.67B

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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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