Valves in Belgium | The Observatory of Economic Complexity

About

Exports In 2023, Belgium exported $852M in Valves, making it the 26th largest exporter of Valves in the world. At the same year, Valves was the 93rd most exported product in Belgium. The main destination of Valves exports from Belgium are: France ($157M), Germany ($122M), Netherlands ($107M), Italy ($87.4M), and United States ($35.3M).

The fastest growing export markets for Valves of Belgium between 2022 and 2023 were Italy ($20.2M), Germany ($19.5M), and United States ($17.4M).

Imports In 2023, Belgium imported $1.27B in Valves, becoming the 26th largest importer of Valves in the world. At the same year, Valves was the 46th most imported product in Belgium. Belgium imports Valves primarily from: Germany ($432M), Italy ($171M), Netherlands ($116M), France ($97M), and United States ($74.7M).

The fastest growing import markets in Valves for Belgium between 2022 and 2023 were Italy ($14M), Germany ($11.4M), and Netherlands ($7.29M).

COMPANIES In 2023, leading companies such as John Deere (88), Dana Incorporated (62), and Rolls-Royce (9) were at the forefront of shipping Valves from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Valves exports accounted up to €61.9M and imports accounted up to €89.1M, resulting in a negative trade balance of €27.2M. Between October 2023 and October 2024 the exports of Belgium's Valves have increased by €3.42M (5.85%) from €58.4M to €61.9M, while imports decreased by €-842k (-0.94%) from €89.9M to €89.1M.

Destinations In October 2024, Valves were exported mostly to Netherlands (€6.11M), France (€5.76M), United States (€4.33M), United Kingdom (€3.43M), and China (€3.24M), and were imported mostly from Germany (€24.8M), Italy (€13.3M), Netherlands (€9.51M), China (€6.22M), and France (€5.79M).

Growth In October 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to France (€2.42M or 54.5%), Germany (€2.17M or 32.4%), and Netherlands (€1.96M or 44.8%). In October 2024, the decrease in Valves's year-by-year imports was explained primarily by a decrease in imports from China (€-2.09M or -37.8%), Hungary (€-527k or -70%), and Switzerland (€-309k or -34.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€3.42M(5.85%)

IMPORT GROWTH (October 2023 - October 2024)€-842k(-0.94%)

MAIN DESTINATION (October 2024)Netherlands€6.11M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$852M

IMPORTS (2023)$1.27B

NET TRADE (2023)-$417M

In 2023, Belgium exported $852M in Valves. The main destinations of Belgium exports on Valves were France ($157M), Germany ($122M), Netherlands ($107M), Italy ($87.4M), and United States ($35.3M).

In 2023, Belgium imported $1.27B in Valves, mainly from Germany ($432M), Italy ($171M), Netherlands ($116M), France ($97M), and United States ($74.7M).

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