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2022
Exports $139MWorld Rnk 19 / 178
Flag Rnk 379 / 1213
2022
Destination $1.87M France
2021 - 2022
FASTEST GROWING MARKET $1.87MGermany
2022
PRODUCT COMPLEXITY IN Soil Preparation Machinery0.69Rnk 279 / 1025
2022
Imports $167MWorld Rnk 21 / 211
Flag Rnk 392 / 1214
2022
Origin $2.09M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $2.09MPoland
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $139M in Soil Preparation Machinery, making it the 19th largest exporter of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 379th most exported product in Belgium. The main destination of Soil Preparation Machinery exports from Belgium are: France ($37.7M), Netherlands ($27M), Poland ($18.1M), Germany ($17M), and United States ($4.6M).

The fastest growing export markets for Soil Preparation Machinery of Belgium between 2021 and 2022 were Germany ($1.87M), United Kingdom ($1.22M), and United States ($1.12M).

Imports In 2022, Belgium imported $167M in Soil Preparation Machinery, becoming the 21st largest importer of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 392nd most imported product in Belgium. Belgium imports Soil Preparation Machinery primarily from: Netherlands ($36.9M), Germany ($32M), France ($24.3M), Italy ($21.6M), and Poland ($16.3M).

The fastest growing import markets in Soil Preparation Machinery for Belgium between 2021 and 2022 were Poland ($2.09M), Luxembourg ($1.24M), and Canada ($1.18M).

COMPANIES In 2023, leading companies such as Kubota (2) were at the forefront of shipping Soil Preparation Machinery from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Soil Preparation Machinery exports accounted up to €5.65M and imports accounted up to €6.63M, resulting in a negative trade balance of €977k. Between August 2023 and August 2024 the exports of Belgium's   Soil Preparation Machinery have decreased by €-985k (-14.9%) from €6.63M to €5.65M, while imports increased by €73.9k (1.13%) from €6.55M to €6.63M.

Destinations In August 2024, Soil Preparation Machinery were exported mostly to Netherlands (€1.32M), France (€1.27M), United Arab Emirates (€534k), Poland (€517k), and Germany (€259k), and were imported mostly from Germany (€2.09M), Netherlands (€1.11M), France (€760k), Italy (€721k), and Poland (€526k).

Growth In August 2024, the decrease in Soil Preparation Machinery's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-719k or -27%), Hungary (€-296k or -98.1%), and Brazil (€-237k or -77.3%). In August 2024, the increase in Soil Preparation Machinery's year-by-year imports was explained primarily by an increase in imports from France (€1.72M or 214%), Germany (€1.6M or 93.1%), and Italy (€1.26M or 99%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-985k(-14.9%)
IMPORT GROWTH (August 2023 - August 2024)€73.9k(1.13%)
MAIN DESTINATION (August 2024)Netherlands€1.32M

This section shows Soil Preparation Machinery'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 Soil Preparation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$139M
IMPORTS (2022)$167M
NET TRADE (2022)-$28.8M

In 2022, Belgium exported $139M in Soil Preparation Machinery. The main destinations of Belgium exports on Soil Preparation Machinery were France ($37.7M), Netherlands ($27M), Poland ($18.1M), Germany ($17M), and United States ($4.6M).

In 2022, Belgium imported $167M in Soil Preparation Machinery, mainly from Netherlands ($36.9M), Germany ($32M), France ($24.3M), Italy ($21.6M), and Poland ($16.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soil Preparation Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$1.87M (12.3%)
United Kingdom$1.22M (45.3%)
United States$1.12M (32.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soil Preparation Machinery BY Belgium WERE (2021 - 2022):
Netherlands-$6.52M (-19.5%)
Poland-$2.34M (-11.5%)
Canada-$493k (-23.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Soil Preparation Machinery were:
Germany $2.11B
China $1.21B
Italy $1.12B
In 2022, Belgium's main importing competitors in Soil Preparation Machinery were:
United States $1.7B
Germany $957M
France $950M

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Trade Value of Soil Preparation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $14.8M
TOP IMPORT POTENTIALGermany+ $21.9M

Soil Preparation Machinery’s highest export potential is France. With an export gap of $14.8M.   Soil Preparation Machinery’s highest import potential is Germany with an import gap of $21.9M.

See methodology.

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