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2022
Exports $5.96MWorld Rnk 35 / 127
Flag Rnk 938 / 1213
2022
Destination $365k France
2021 - 2022
FASTEST GROWING MARKET $365kGermany
2022
PRODUCT COMPLEXITY IN Vending Machines0.65Rnk 296 / 1025
2022
Imports $45.3MWorld Rnk 12 / 202
Flag Rnk 682 / 1214
2022
Origin $5.82M Italy
2021 - 2022
FASTEST GROWING ORIGIN $5.82MSingapore
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $5.96M in Vending Machines, making it the 35th largest exporter of Vending Machines in the world. At the same year, Vending Machines was the 938th most exported product in Belgium. The main destination of Vending Machines exports from Belgium are: France ($1.68M), Netherlands ($927k), Germany ($785k), Poland ($238k), and Chile ($222k).

The fastest growing export markets for Vending Machines of Belgium between 2021 and 2022 were Germany ($365k), United States ($155k), and Morocco ($104k).

Imports In 2022, Belgium imported $45.3M in Vending Machines, becoming the 12th largest importer of Vending Machines in the world. At the same year, Vending Machines was the 682nd most imported product in Belgium. Belgium imports Vending Machines primarily from: Italy ($11.8M), Netherlands ($8.16M), Singapore ($5.82M), France ($5.15M), and Germany ($4.74M).

The fastest growing import markets in Vending Machines for Belgium between 2021 and 2022 were Singapore ($5.82M), Italy ($1.19M), and Poland ($844k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (4) were at the forefront of shipping Vending Machines from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Vending Machines exports accounted up to €389k and imports accounted up to €1.83M, resulting in a negative trade balance of €1.44M. Between July 2023 and July 2024 the exports of Belgium's   Vending Machines have increased by €27.2k (7.52%) from €362k to €389k, while imports increased by €756k (70.3%) from €1.08M to €1.83M.

Destinations In July 2024, Vending Machines were exported mostly to Chile (€141k), Ireland (€100k), Poland (€51.4k), Germany (€23.2k), and France (€19.1k), and were imported mostly from Italy (€625k), Netherlands (€378k), Germany (€310k), China (€238k), and Austria (€132k).

Growth In July 2024, the increase in Vending Machines's year-by-year exports was explained primarily by an increase in exports to Chile (€162k or 126%), South Africa (€27.1k or 900%), and Finland (€10.4k or 8.96k%). In July 2024, the increase in Vending Machines's year-by-year imports was explained primarily by an increase in imports from Germany (€251k or 147%), France (€117k or 184%), and United States (€29.8k or 37.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€27.2k(7.52%)
IMPORT GROWTH (July 2023 - July 2024)€756k(70.3%)
MAIN DESTINATION (July 2024)Chile€141k

This section shows Vending Machines'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 Vending Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.96M
IMPORTS (2022)$45.3M
NET TRADE (2022)-$39.4M

In 2022, Belgium exported $5.96M in Vending Machines. The main destinations of Belgium exports on Vending Machines were France ($1.68M), Netherlands ($927k), Germany ($785k), Poland ($238k), and Chile ($222k).

In 2022, Belgium imported $45.3M in Vending Machines, mainly from Italy ($11.8M), Netherlands ($8.16M), Singapore ($5.82M), France ($5.15M), and Germany ($4.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vending Machines EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$365k (86.9%)
United States$155k (583%)
Morocco$104k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vending Machines BY Belgium WERE (2021 - 2022):
Chile-$1.45M (-86.7%)
Netherlands-$1.43M (-60.7%)
Switzerland-$581k (-93.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Vending Machines were:
Italy $419M
China $384M
United States $89.1M
In 2022, Belgium's main importing competitors in Vending Machines were:
United States $248M
France $149M
Germany $137M

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Trade Value of Vending Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.03M
TOP IMPORT POTENTIALGermany+ $2.13M

Vending Machines’s highest export potential is France. With an export gap of $1.03M.   Vending Machines’s highest import potential is Germany with an import gap of $2.13M.

See methodology.

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