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2023
Exports $5.99MWorld Rnk 25 / 161
Flag Rnk 937 / 1216
2023
Destination $1M Netherlands
2022 - 2023
FASTEST GROWING MARKET $1MCzechia
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery1.42Rnk 59 / 1025
2023
Imports $38MWorld Rnk 6 / 218
Flag Rnk 671 / 1213
2023
Origin $7.48M Germany
2022 - 2023
FASTEST GROWING ORIGIN $7.48MSweden
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $5.99M in Soldering and Welding Machinery, making it the 25th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 937th most exported product in Belgium. The main destination of Soldering and Welding Machinery exports from Belgium are: Netherlands ($1.92M), Czechia ($1M), France ($508k), United States ($358k), and Mauritania ($292k).

The fastest growing export markets for Soldering and Welding Machinery of Belgium between 2022 and 2023 were Czechia ($1M), Slovenia ($183k), and Mauritania ($164k).

Imports In 2023, Belgium imported $38M in Soldering and Welding Machinery, becoming the 6th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 671st most imported product in Belgium. Belgium imports Soldering and Welding Machinery primarily from: Germany ($12.6M), Sweden ($8.52M), Italy ($6.11M), Netherlands ($3.1M), and France ($2.62M).

The fastest growing import markets in Soldering and Welding Machinery for Belgium between 2022 and 2023 were Sweden ($7.48M), Italy ($4.7M), and Germany ($4.42M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Soldering and Welding Machinery exports accounted up to €776k and imports accounted up to €1.72M, resulting in a negative trade balance of €940k. Between October 2023 and October 2024 the exports of Belgium's   Soldering and Welding Machinery have increased by €521k (204%) from €255k to €776k, while imports decreased by €-2.77M (-61.8%) from €4.49M to €1.72M.

Destinations In October 2024, Soldering and Welding Machinery were exported mostly to United Kingdom (€523k), Netherlands (€194k), France (€33.8k), Switzerland (€5.9k), and Luxembourg (€5.61k), and were imported mostly from Germany (€535k), Netherlands (€393k), France (€269k), Sweden (€254k), and United Kingdom (€90k).

Growth In October 2024, the increase in Soldering and Welding Machinery's year-by-year exports was explained primarily by an increase in exports to Italy (€20.5k or 13.3k%), United Kingdom (€11.7k or 2.38k%), and United Arab Emirates (€8.81k or 4.61k%). In October 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 (October 2023 - October 2024)€521k(204%)
IMPORT GROWTH (October 2023 - October 2024)€-2.77M(-61.8%)
MAIN DESTINATION (October 2024)United Kingdom€523k

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 (2023)$5.99M
IMPORTS (2023)$38M
NET TRADE (2023)-$32M

In 2023, Belgium exported $5.99M in Soldering and Welding Machinery. The main destinations of Belgium exports on Soldering and Welding Machinery were Netherlands ($1.92M), Czechia ($1M), France ($508k), United States ($358k), and Mauritania ($292k).

In 2023, Belgium imported $38M in Soldering and Welding Machinery, mainly from Germany ($12.6M), Sweden ($8.52M), Italy ($6.11M), Netherlands ($3.1M), and France ($2.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Czechia$1M (139k%)
Slovenia$183k (5.8k%)
Mauritania$164k (129%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Belgium WERE (2022 - 2023):
Netherlands-$744k (-27.9%)
Italy-$257k (-58.2%)
Germany-$219k (-92.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Soldering and Welding Machinery were:
China $329M
Germany $125M
United States $78M
In 2023, Belgium's main importing competitors in Soldering and Welding Machinery were:
United States $144M
Germany $57.1M
Mexico $41.3M

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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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