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2023
Exports $1.18BWorld Rnk 15 / 221
Flag Rnk 60 / 1216
2023
Destination $45.6M Germany
2022 - 2023
FASTEST GROWING MARKET $45.6MGermany
2023
PRODUCT COMPLEXITY IN Transmissions1.42Rnk 57 / 1025
2023
Imports $994MWorld Rnk 22 / 224
Flag Rnk 68 / 1213
2023
Origin $95.2M Germany
2022 - 2023
FASTEST GROWING ORIGIN $95.2MPoland
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $1.18B in Transmissions, making it the 15th largest exporter of Transmissions in the world. At the same year, Transmissions was the 60th most exported product in Belgium. The main destination of Transmissions exports from Belgium are: Germany ($219M), France ($112M), Finland ($100M), China ($90M), and United States ($88.4M).

The fastest growing export markets for Transmissions of Belgium between 2022 and 2023 were Germany ($45.6M), France ($36.8M), and Finland ($34.9M).

Imports In 2023, Belgium imported $994M in Transmissions, becoming the 22nd largest importer of Transmissions in the world. At the same year, Transmissions was the 68th most imported product in Belgium. Belgium imports Transmissions primarily from: Germany ($258M), Italy ($156M), Poland ($102M), France ($80.7M), and China ($62.5M).

The fastest growing import markets in Transmissions for Belgium between 2022 and 2023 were Poland ($95.2M), France ($25.4M), and Sweden ($16.9M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (84), Rolls-Royce (37), and Mahle Behr (17) were at the forefront of shipping Transmissions from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Transmissions exports accounted up to €71.3M and imports accounted up to €47.3M, resulting in a positive trade balance of €24.1M. Between October 2023 and October 2024 the exports of Belgium's   Transmissions have decreased by €-7.5M (-9.52%) from €78.8M to €71.3M, while imports decreased by €-1.89M (-3.84%) from €49.2M to €47.3M.

Destinations In October 2024, Transmissions were exported mostly to China (€9.18M), United States (€7.95M), Germany (€7.09M), Netherlands (€5.79M), and France (€3.36M), and were imported mostly from Germany (€12.9M), Netherlands (€5.12M), Italy (€4.53M), China (€4.14M), and United States (€3.19M).

Growth In October 2024, the decrease in Transmissions's year-by-year exports was explained primarily by a decrease in exports to Denmark (€-1.43M or -23.8%), Russia (€-938k or -95.5%), and Canada (€-205k or -40.2%). In October 2024, the decrease in Transmissions's year-by-year imports was explained primarily by a decrease in imports from Japan (€-2.58M or -62.9%), Hungary (€-1.66M or -90.9%), and Denmark (€-1.57M or -71.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-7.5M(-9.52%)
IMPORT GROWTH (October 2023 - October 2024)€-1.89M(-3.84%)
MAIN DESTINATION (October 2024)China€9.18M

This section shows Transmissions'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 Transmissions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.18B
IMPORTS (2023)$994M
NET TRADE (2023)$188M

In 2023, Belgium exported $1.18B in Transmissions. The main destinations of Belgium exports on Transmissions were Germany ($219M), France ($112M), Finland ($100M), China ($90M), and United States ($88.4M).

In 2023, Belgium imported $994M in Transmissions, mainly from Germany ($258M), Italy ($156M), Poland ($102M), France ($80.7M), and China ($62.5M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Transmissions EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Germany$45.6M (26.3%)
France$36.8M (48.9%)
Finland$34.9M (53.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Transmissions BY Belgium WERE (2022 - 2023):
India-$53.1M (-81.9%)
Netherlands-$18.7M (-20.8%)
Libya-$2.63M (-89.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Transmissions were:
Germany $13.5B
China $11.2B
United States $8.08B
In 2023, Belgium's main importing competitors in Transmissions were:
United States $10.9B
Germany $6.88B
China $5.17B

Explore Visualizations

Trade Value of Transmissions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $114M
TOP IMPORT POTENTIALGermany+ $169M

Transmissions’s highest export potential is Germany. With an export gap of $114M.   Transmissions’s highest import potential is Germany with an import gap of $169M.

See methodology.

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