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2023
Exports $936MWorld Rnk 17 / 226
Flag Rnk 53 / 96
2023
Destination $16.2M France
2022 - 2023
FASTEST GROWING MARKET $16.2MItaly
2023
PRODUCT COMPLEXITY IN Tools & cutlery1.82Rnk 14 / 1025
2023
Imports $913MWorld Rnk 23 / 226
Flag Rnk 51 / 96
2023
Origin $5.75M Germany
2022 - 2023
FASTEST GROWING ORIGIN $5.75MFrance
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $936M in Tools & cutlery, making it the 17th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 53rd most exported product in Belgium. The main destination of Tools & cutlery exports from Belgium are: France ($230M), Netherlands ($144M), Italy ($134M), Germany ($106M), and Sweden ($36.7M).

The fastest growing export markets for Tools & cutlery of Belgium between 2022 and 2023 were Italy ($16.2M), Brazil ($10.7M), and France ($7.46M).

Imports In 2023, Belgium imported $913M in Tools & cutlery, becoming the 23rd largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 51st most imported product in Belgium. Belgium imports Tools & cutlery primarily from: Germany ($185M), Netherlands ($185M), China ($138M), France ($78.8M), and Poland ($43.9M).

The fastest growing import markets in Tools & cutlery for Belgium between 2022 and 2023 were France ($5.75M), Netherlands ($5.07M), and Canada ($3.95M).

COMPANIES In 2023, leading companies such as Stihl (48), AGCO (33), and Dow Chemical (25) were at the forefront of shipping Tools & cutlery from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Tools & cutlery exports accounted up to €49.9M and imports accounted up to €60.8M, resulting in a negative trade balance of €10.8M. Between November 2023 and November 2024 the exports of Belgium's   Tools & cutlery have increased by €7.63M (18%) from €42.3M to €49.9M, while imports increased by €16.1M (36.1%) from €44.6M to €60.8M.

Destinations In November 2024, Tools & cutlery were exported mostly to France (€5.95M), United Kingdom (€5.77M), Netherlands (€5.51M), Germany (€4.95M), and Poland (€2.96M), and were imported mostly from Germany (€14.3M), Netherlands (€11.7M), China (€9.3M), France (€7.26M), and United States (€3.7M).

Growth In November 2024, the increase in Tools & cutlery's year-by-year exports was explained primarily by an increase in exports to Brazil (€731k or 129%), Israel (€427k or 310%), and Morocco (€403k or 955%). In November 2024, the increase in Tools & cutlery's year-by-year imports was explained primarily by an increase in imports from Japan (€3.35M or 172%), Germany (€2.53M or 21.8%), and Canada (€2.24M or 3.17k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€7.63M(18%)
IMPORT GROWTH (November 2023 - November 2024)€16.1M(36.1%)
MAIN DESTINATION (November 2024)France€5.95M

This section shows Tools & cutlery'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 Tools & cutlery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$936M
IMPORTS (2023)$913M
NET TRADE (2023)$23.7M

In 2023, Belgium exported $936M in Tools & cutlery. The main destinations of Belgium exports on Tools & cutlery were France ($230M), Netherlands ($144M), Italy ($134M), Germany ($106M), and Sweden ($36.7M).

In 2023, Belgium imported $913M in Tools & cutlery, mainly from Germany ($185M), Netherlands ($185M), China ($138M), France ($78.8M), and Poland ($43.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$16.2M (13.8%)
Brazil$10.7M (727%)
France$7.46M (3.36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Belgium WERE (2022 - 2023):
India-$10.4M (-75.9%)
Russia-$2.82M (-72.6%)
Netherlands-$2.39M (-1.63%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Tools & cutlery were:
China $20.7B
Germany $9.35B
United States $4.63B
In 2023, Belgium's main importing competitors in Tools & cutlery were:
United States $10.8B
Germany $5.93B
Mexico $2.91B

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $64.8M
TOP IMPORT POTENTIALGermany+ $102M

Tools & cutlery’s highest export potential is Germany. With an export gap of $64.8M.   Tools & cutlery’s highest import potential is Germany with an import gap of $102M.

See methodology.

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