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2022
Exports $5.11MWorld Rnk 26 / 166
Flag Rnk 954 / 1213
2022
Destination $225k Netherlands
2021 - 2022
FASTEST GROWING MARKET $225kItaly
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery1.33Rnk 87 / 1025
2022
Imports $15.8MWorld Rnk 22 / 214
Flag Rnk 872 / 1214
2022
Origin $1.25M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.25MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $5.11M in Soldering and Welding Machinery, making it the 26th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 954th most exported product in Belgium. The main destination of Soldering and Welding Machinery exports from Belgium are: Netherlands ($2.07M), France ($454k), United States ($409k), Italy ($334k), and United Kingdom ($244k).

The fastest growing export markets for Soldering and Welding Machinery of Belgium between 2021 and 2022 were Italy ($225k), United Kingdom ($209k), and United States ($145k).

Imports In 2022, Belgium imported $15.8M in Soldering and Welding Machinery, becoming the 22nd largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 872nd most imported product in Belgium. Belgium imports Soldering and Welding Machinery primarily from: Germany ($3.98M), Netherlands ($2.83M), France ($2.34M), United Kingdom ($1.73M), and Italy ($1.64M).

The fastest growing import markets in Soldering and Welding Machinery for Belgium between 2021 and 2022 were United Kingdom ($1.25M), France ($1.06M), and Italy ($322k).

Latest Trends

June 2024

About

Overview In June 2024 Belgium's Soldering and Welding Machinery exports accounted up to €228k and imports accounted up to €520k, resulting in a negative trade balance of €292k. Between June 2023 and June 2024 the exports of Belgium's   Soldering and Welding Machinery have decreased by €-53.5k (-19%) from €281k to €228k, while imports decreased by €-1.56M (-75%) from €2.08M to €520k.

Destinations In June 2024, Soldering and Welding Machinery were exported mostly to Netherlands (€100k), France (€39.3k), South Africa (€23.2k), United Arab Emirates (€17k), and India (€13.9k), and were imported mostly from Germany (€144k), France (€136k), Netherlands (€112k), Sweden (€44k), and Other Asia, nes (€28.1k).

Growth In June 2024, the decrease in Soldering and Welding Machinery's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-8.14k or -95.1%), Spain (€-6.32k or -91%), and North Macedonia (€-4.2k or -56.7%). In June 2024, the decrease in Soldering and Welding Machinery's year-by-year imports was explained primarily by a decrease in imports from Sweden (€-557k or -72.5%), China (€-37.9k or -49.5%), and United Kingdom (€-27.2k or -44%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-53.5k(-19%)
IMPORT GROWTH (June 2023 - June 2024)€-1.56M(-75%)
MAIN DESTINATION (June 2024)Netherlands€100k

This section shows Soldering and Welding 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 Soldering and Welding Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.11M
IMPORTS (2022)$15.8M
NET TRADE (2022)-$10.6M

In 2022, Belgium exported $5.11M in Soldering and Welding Machinery. The main destinations of Belgium exports on Soldering and Welding Machinery were Netherlands ($2.07M), France ($454k), United States ($409k), Italy ($334k), and United Kingdom ($244k).

In 2022, Belgium imported $15.8M in Soldering and Welding Machinery, mainly from Germany ($3.98M), Netherlands ($2.83M), France ($2.34M), United Kingdom ($1.73M), and Italy ($1.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$225k (204%)
United Kingdom$209k (604%)
United States$145k (55.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Belgium WERE (2021 - 2022):
China-$982k (-99.3%)
Czechia-$230k (-99.5%)
Turkey-$168k (-73%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Soldering and Welding Machinery were:
China $328M
Germany $105M
United States $80.1M
In 2022, Belgium's main importing competitors in Soldering and Welding Machinery were:
United States $183M
Germany $58.6M
Mexico $48M

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $363k
TOP IMPORT POTENTIALGermany+ $1.23M

Soldering and Welding Machinery’s highest export potential is France. With an export gap of $363k.   Soldering and Welding Machinery’s highest import potential is Germany with an import gap of $1.23M.

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