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2022
Exports $26.6MWorld Rnk 10 / 174
Flag Rnk 684 / 1213
2022
Destination $1.18M France
2021 - 2022
FASTEST GROWING MARKET $1.18MUnited States
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $54.8MWorld Rnk 16 / 218
Flag Rnk 642 / 1214
2022
Origin $1.05M China
2021 - 2022
FASTEST GROWING ORIGIN $1.05MThailand
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $26.6M in Umbrellas, making it the 10th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 684th most exported product in Belgium. The main destination of Umbrellas exports from Belgium are: France ($8.72M), Netherlands ($4.9M), United States ($2.13M), Germany ($1.82M), and Italy ($1.81M).

The fastest growing export markets for Umbrellas of Belgium between 2021 and 2022 were United States ($1.18M), France ($531k), and Italy ($415k).

Imports In 2022, Belgium imported $54.8M in Umbrellas, becoming the 16th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 642nd most imported product in Belgium. Belgium imports Umbrellas primarily from: China ($24.2M), Netherlands ($15.1M), France ($3.13M), Germany ($2.66M), and Thailand ($1.69M).

The fastest growing import markets in Umbrellas for Belgium between 2021 and 2022 were Thailand ($1.05M), Germany ($657k), and Bosnia and Herzegovina ($317k).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Umbrellas exports accounted up to €219k and imports accounted up to €1.09M, resulting in a negative trade balance of €870k. Between May 2023 and May 2024 the exports of Belgium's   Umbrellas have decreased by €-3.18M (-93.6%) from €3.4M to €219k, while imports decreased by €-1.23M (-53%) from €2.32M to €1.09M.

Destinations In May 2024, Umbrellas were exported mostly to Czechia (€76.8k), Switzerland (€61.8k), Austria (€25.4k), Australia (€23.9k), and Bulgaria (€15.4k), and were imported mostly from China (€942k), Austria (€89.9k), Bosnia and Herzegovina (€37.7k), Czechia (€18.2k), and Brazil (€1.21k).

Growth In May 2024, the decrease in Umbrellas's year-by-year exports was explained primarily by a decrease in exports to France (€-887k or -77.9%), United Kingdom (€-29k or -45%), and Denmark (€-26k or -89.3%). In May 2024, the decrease in Umbrellas's year-by-year imports was explained primarily by a decrease in imports from China (€-2.96M or -68.2%), France (€-175k or -45.2%), and Netherlands (€-139k or -26.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-3.18M(-93.6%)
IMPORT GROWTH (May 2023 - May 2024)€-1.23M(-53%)
MAIN DESTINATION (May 2024)Czechia€76.8k

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.6M
IMPORTS (2022)$54.8M
NET TRADE (2022)-$28.2M

In 2022, Belgium exported $26.6M in Umbrellas. The main destinations of Belgium exports on Umbrellas were France ($8.72M), Netherlands ($4.9M), United States ($2.13M), Germany ($1.82M), and Italy ($1.81M).

In 2022, Belgium imported $54.8M in Umbrellas, mainly from China ($24.2M), Netherlands ($15.1M), France ($3.13M), Germany ($2.66M), and Thailand ($1.69M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$1.18M (124%)
France$531k (6.49%)
Italy$415k (29.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Belgium WERE (2021 - 2022):
United Kingdom-$645k (-50.4%)
Netherlands-$440k (-8.25%)
Ireland-$257k (-71.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Umbrellas were:
China $3.07B
Germany $83.4M
Netherlands $75.5M
In 2022, Belgium's main importing competitors in Umbrellas were:
United States $680M
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.47M
TOP IMPORT POTENTIALGermany+ $1.63M

Umbrellas’s highest export potential is United States. With an export gap of $1.47M.   Umbrellas’s highest import potential is Germany with an import gap of $1.63M.

See methodology.

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