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2022
Exports $2.99BWorld Rnk 6 / 167
Flag Rnk 20 / 1213
2022
Destination $85.9M France
2021 - 2022
FASTEST GROWING MARKET $85.9MFrance
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $1.41BWorld Rnk 12 / 215
Flag Rnk 55 / 1214
2022
Origin $151M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $151MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $2.99B in Tractors, making it the 6th largest exporter of Tractors in the world. At the same year, Tractors was the 20th most exported product in Belgium. The main destination of Tractors exports from Belgium are: France ($462M), Poland ($304M), Spain ($232M), Netherlands ($220M), and Germany ($214M).

The fastest growing export markets for Tractors of Belgium between 2021 and 2022 were France ($85.9M), Turkey ($47.1M), and Lithuania ($24.9M).

Imports In 2022, Belgium imported $1.41B in Tractors, becoming the 12th largest importer of Tractors in the world. At the same year, Tractors was the 55th most imported product in Belgium. Belgium imports Tractors primarily from: Netherlands ($476M), United Kingdom ($242M), Germany ($215M), France ($163M), and United States ($92.7M).

The fastest growing import markets in Tractors for Belgium between 2021 and 2022 were United Kingdom ($151M), Netherlands ($122M), and Germany ($25.7M).

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

August 2024

About

Overview In August 2024 Belgium's Tractors exports accounted up to €176M and imports accounted up to €49.2M, resulting in a positive trade balance of €127M. Between August 2023 and August 2024 the exports of Belgium's   Tractors have decreased by €-14.3M (-7.51%) from €190M to €176M, while imports decreased by €-74.8M (-60.3%) from €124M to €49.2M.

Destinations In August 2024, Tractors were exported mostly to Spain (€25.5M), Poland (€16.2M), France (€15.4M), Germany (€13.9M), and Netherlands (€13.3M), and were imported mostly from United States (€17M), Netherlands (€10M), France (€6.5M), Germany (€2.98M), and Italy (€2.63M).

Growth In August 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 August 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 (August 2023 - August 2024)€-14.3M(-7.51%)
IMPORT GROWTH (August 2023 - August 2024)€-74.8M(-60.3%)
MAIN DESTINATION (August 2024)Spain€25.5M

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 (2022)$2.99B
IMPORTS (2022)$1.41B
NET TRADE (2022)$1.58B

In 2022, Belgium exported $2.99B in Tractors. The main destinations of Belgium exports on Tractors were France ($462M), Poland ($304M), Spain ($232M), Netherlands ($220M), and Germany ($214M).

In 2022, Belgium imported $1.41B in Tractors, mainly from Netherlands ($476M), United Kingdom ($242M), Germany ($215M), France ($163M), and United States ($92.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$85.9M (22.9%)
Turkey$47.1M (48.9%)
Lithuania$24.9M (42.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Belgium WERE (2021 - 2022):
China-$67.7M (-75.8%)
Russia-$21.6M (-79.7%)
Belarus-$20M (-85.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, Belgium's main importing competitors in Tractors were:
United States $8.01B
Canada $4.59B
France $4.06B

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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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