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2023
Exports $3.59MWorld Rnk 26 / 73
Flag Rnk 994 / 1216
2023
Destination $672k France
2022 - 2023
FASTEST GROWING MARKET $672kNorway
2023
PRODUCT COMPLEXITY IN Railway Maintenance Vehicles0.015Rnk 553 / 1025
2023
Imports $8.17MWorld Rnk 36 / 121
Flag Rnk 942 / 1213
2023
Origin $637k France
2022 - 2023
FASTEST GROWING ORIGIN $637kNorway
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $3.59M in Railway Maintenance Vehicles, making it the 26th largest exporter of Railway Maintenance Vehicles in the world. At the same year, Railway Maintenance Vehicles was the 994th most exported product in Belgium. The main destination of Railway Maintenance Vehicles exports from Belgium are: France ($1.1M), Spain ($733k), Norway ($672k), Croatia ($409k), and Germany ($388k).

The fastest growing export markets for Railway Maintenance Vehicles of Belgium between 2022 and 2023 were Norway ($672k), Croatia ($409k), and Gabon ($21k).

Imports In 2023, Belgium imported $8.17M in Railway Maintenance Vehicles, becoming the 36th largest importer of Railway Maintenance Vehicles in the world. At the same year, Railway Maintenance Vehicles was the 942nd most imported product in Belgium. Belgium imports Railway Maintenance Vehicles primarily from: France ($3.02M), Italy ($2.74M), Netherlands ($1.47M), Norway ($637k), and Germany ($289k).

The fastest growing import markets in Railway Maintenance Vehicles for Belgium between 2022 and 2023 were Norway ($637k) and Netherlands ($347k).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Railway Maintenance Vehicles exports accounted up to €820k and imports accounted up to €103k, resulting in a positive trade balance of €717k. Between January 2023 and November 2024 the exports of Belgium's   Railway Maintenance Vehicles have decreased by €-376k (-31.4%) from €1.2M to €820k, while imports increased by €103k (167k%) from €62 to €103k.

Destinations In November 2024, Railway Maintenance Vehicles were exported mostly to France (€796k) and Netherlands (€24.4k), and were imported mostly from France (€103k).

Growth In November 2024, the decrease in Railway Maintenance Vehicles's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Railway Maintenance Vehicles's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - November 2024)€-376k(-31.4%)
IMPORT GROWTH (March 2023 - November 2024)€103k(167k%)
MAIN DESTINATION (November 2024)France€796k

This section shows Railway Maintenance 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 Railway Maintenance Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.59M
IMPORTS (2023)$8.17M
NET TRADE (2023)-$4.57M

In 2023, Belgium exported $3.59M in Railway Maintenance Vehicles. The main destinations of Belgium exports on Railway Maintenance Vehicles were France ($1.1M), Spain ($733k), Norway ($672k), Croatia ($409k), and Germany ($388k).

In 2023, Belgium imported $8.17M in Railway Maintenance Vehicles, mainly from France ($3.02M), Italy ($2.74M), Netherlands ($1.47M), Norway ($637k), and Germany ($289k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway Maintenance Vehicles EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Norway$672k (1%)
Croatia$409k (1%)
Gabon$21k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Maintenance Vehicles BY Belgium WERE (2022 - 2023):
Netherlands-$1.5M (-94.4%)
France-$483k (-30.5%)
Madagascar-$449k (-100%)
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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 Maintenance Vehicles were:
Austria $277M
United States $246M
Italy $97.8M
In 2023, Belgium's main importing competitors in Railway Maintenance Vehicles were:
Canada $89.2M
Bulgaria $86.5M
South Korea $68.2M

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Trade Value of Railway Maintenance Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $276k
TOP IMPORT POTENTIALGermany+ $927k

Railway Maintenance Vehicles’s highest export potential is Germany. With an export gap of $276k.   Railway Maintenance Vehicles’s highest import potential is Germany with an import gap of $927k.

See methodology.

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