2023
Exports
$57.7MWorld Rnk 16 / 120
Flag Rnk 551 / 1216
2023
PRODUCT COMPLEXITY IN Weapons Parts and Accessories
0.37Rnk 428 / 1025
2023
Imports
$11.1MWorld Rnk 35 / 191
Flag Rnk 900 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $57.7M in Weapons Parts and Accessories, making it the 16th largest exporter of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 551st most exported product in Belgium. The main destination of Weapons Parts and Accessories exports from Belgium are: United States ($17M), Latvia ($8.17M), Portugal ($7.34M), Netherlands ($5.46M), and Lithuania ($4.62M).

The fastest growing export markets for Weapons Parts and Accessories of Belgium between 2022 and 2023 were Lithuania ($4.26M), Latvia ($4.08M), and Norway ($3.31M).

Imports In 2023, Belgium imported $11.1M in Weapons Parts and Accessories, becoming the 35th largest importer of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 900th most imported product in Belgium. Belgium imports Weapons Parts and Accessories primarily from: Portugal ($3.26M), United States ($2.14M), Italy ($1.85M), Germany ($886k), and France ($459k).

The fastest growing import markets in Weapons Parts and Accessories for Belgium between 2022 and 2023 were Portugal ($1.91M), United States ($645k), and Turkey ($142k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-211k(-22.2%)
IMPORT GROWTH (November 2023 - November 2024)€-12.1k(-3.3%)
MAIN DESTINATION (November 2024)Portugal€481k

This section shows Weapons Parts and Accessories'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 Weapons Parts and Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$57.7M
IMPORTS (2023)$11.1M
NET TRADE (2023)$46.6M

In 2023, Belgium exported $57.7M in Weapons Parts and Accessories. The main destinations of Belgium exports on Weapons Parts and Accessories were United States ($17M), Latvia ($8.17M), Portugal ($7.34M), Netherlands ($5.46M), and Lithuania ($4.62M).

In 2023, Belgium imported $11.1M in Weapons Parts and Accessories, mainly from Portugal ($3.26M), United States ($2.14M), Italy ($1.85M), Germany ($886k), and France ($459k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Weapons Parts and Accessories EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Lithuania$4.26M (1.18k%)
Latvia$4.08M (99.9%)
Norway$3.31M (307%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons Parts and Accessories BY Belgium WERE (2022 - 2023):
Estonia-$1.09M (-99.6%)
Hungary-$768k (-99.3%)
United States-$310k (-1.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Weapons Parts and Accessories were:
In 2023, Belgium's main importing competitors in Weapons Parts and Accessories were:

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Trade Value of Weapons Parts and Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.58M
TOP IMPORT POTENTIALFrance+ $857k

Weapons Parts and Accessories’s highest export potential is United States. With an export gap of $1.58M.   Weapons Parts and Accessories’s highest import potential is France with an import gap of $857k.

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