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2023
Exports $3.72BWorld Rnk 7 / 168
Flag Rnk 12 / 1216
2023
Destination $196M France
2022 - 2023
FASTEST GROWING MARKET $196MSpain
2023
PRODUCT COMPLEXITY IN Tractors0.83Rnk 239 / 1025
2023
Imports $1.55BWorld Rnk 13 / 214
Flag Rnk 35 / 1213
2023
Origin $153M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $153MUnited States
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $3.72B in Tractors, making it the 7th largest exporter of Tractors in the world. At the same year, Tractors was the 12th most exported product in Belgium. The main destination of Tractors exports from Belgium are: France ($525M), Spain ($439M), Poland ($361M), United Kingdom ($288M), and Netherlands ($270M).

The fastest growing export markets for Tractors of Belgium between 2022 and 2023 were Spain ($196M), United Kingdom ($86.8M), and Germany ($85.2M).

Imports In 2023, Belgium imported $1.55B in Tractors, becoming the 13th largest importer of Tractors in the world. At the same year, Tractors was the 35th most imported product in Belgium. Belgium imports Tractors primarily from: Netherlands ($449M), United Kingdom ($235M), United States ($225M), Germany ($179M), and France ($168M).

The fastest growing import markets in Tractors for Belgium between 2022 and 2023 were United States ($153M), Netherlands ($53.1M), and Turkey ($27.3M).

COMPANIES In 2023, leading companies such as Barry Callebaut (329), CLAAS (8), and John Deere (6) were at the forefront of shipping Tractors from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Tractors exports accounted up to €366M and imports accounted up to €74.6M, resulting in a positive trade balance of €291M. Between October 2023 and October 2024 the exports of Belgium's   Tractors have decreased by €-47.5M (-11.5%) from €414M to €366M, while imports decreased by €-45.5M (-37.9%) from €120M to €74.6M.

Destinations In October 2024, Tractors were exported mostly to Spain (€68.8M), United Kingdom (€38.1M), France (€34.1M), Poland (€26.5M), and Lithuania (€25.8M), and were imported mostly from Netherlands (€18.6M), United Kingdom (€13.3M), United States (€12.2M), France (€9.34M), and Germany (€5.92M).

Growth In October 2024, the decrease in Tractors's year-by-year exports was explained primarily by a decrease in exports to Bulgaria (€-2.54M or -27.9%), Austria (€-1.68M or -21%), and Cameroon (€-1.64M or -92.7%). In October 2024, the decrease in Tractors's year-by-year imports was explained primarily by a decrease in imports from South Korea (€-952k or -76.3%), Japan (€-370k or -81.8%), and Bulgaria (€-270k or -33.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-47.5M(-11.5%)
IMPORT GROWTH (October 2023 - October 2024)€-45.5M(-37.9%)
MAIN DESTINATION (October 2024)Spain€68.8M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.72B
IMPORTS (2023)$1.55B
NET TRADE (2023)$2.17B

In 2023, Belgium exported $3.72B in Tractors. The main destinations of Belgium exports on Tractors were France ($525M), Spain ($439M), Poland ($361M), United Kingdom ($288M), and Netherlands ($270M).

In 2023, Belgium imported $1.55B in Tractors, mainly from Netherlands ($449M), United Kingdom ($235M), United States ($225M), Germany ($179M), and France ($168M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Spain$196M (80.7%)
United Kingdom$86.8M (43.1%)
Germany$85.2M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Belgium WERE (2022 - 2023):
Serbia-$11M (-48.3%)
Croatia-$9.06M (-95%)
Israel-$7.71M (-16.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Tractors were:
Mexico $14.1B
Germany $13.7B
Netherlands $7.47B
In 2023, Belgium's main importing competitors in Tractors were:
United States $19B
Canada $5.94B
France $5.51B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $167M
TOP IMPORT POTENTIALGermany+ $154M

Tractors’s highest export potential is France. With an export gap of $167M.   Tractors’s highest import potential is Germany with an import gap of $154M.

See methodology.

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