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2022
Exports $29.7MWorld Rnk 13 / 130
Flag Rnk 657 / 1213
2022
Destination $4.14M United States
2021 - 2022
FASTEST GROWING MARKET $4.14MUnited States
2022
PRODUCT COMPLEXITY IN Work Trucks0.63Rnk 306 / 1025
2022
Imports $41.5MWorld Rnk 9 / 208
Flag Rnk 701 / 1214
2022
Origin $9.35M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $9.35MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $29.7M in Work Trucks, making it the 13th largest exporter of Work Trucks in the world. At the same year, Work Trucks was the 657th most exported product in Belgium. The main destination of Work Trucks exports from Belgium are: United States ($9.2M), United Kingdom ($3.95M), Netherlands ($2.64M), Germany ($1.72M), and Bulgaria ($1.72M).

The fastest growing export markets for Work Trucks of Belgium between 2021 and 2022 were United States ($4.14M), United Kingdom ($1.72M), and Bulgaria ($1.19M).

Imports In 2022, Belgium imported $41.5M in Work Trucks, becoming the 9th largest importer of Work Trucks in the world. At the same year, Work Trucks was the 701st most imported product in Belgium. Belgium imports Work Trucks primarily from: United Kingdom ($13.7M), Netherlands ($8.5M), United States ($5.35M), France ($4.1M), and China ($3.35M).

The fastest growing import markets in Work Trucks for Belgium between 2021 and 2022 were United Kingdom ($9.35M), United States ($2.99M), and China ($2.35M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Work Trucks exports accounted up to €1.32M and imports accounted up to €440k, resulting in a positive trade balance of €876k. Between August 2023 and August 2024 the exports of Belgium's   Work Trucks have decreased by €-207k (-13.6%) from €1.52M to €1.32M, while imports decreased by €-1.89M (-81.1%) from €2.33M to €440k.

Destinations In August 2024, Work Trucks were exported mostly to United States (€631k), United Arab Emirates (€344k), Canada (€161k), South Africa (€74.1k), and United Kingdom (€35.9k), and were imported mostly from United States (€148k), Netherlands (€111k), Germany (€67.7k), France (€46.6k), and Italy (€28.7k).

Growth In August 2024, the decrease in Work Trucks's year-by-year exports was explained primarily by a decrease in exports to United States (€-236k or -40.3%), China (€-42.1k or -71.5%), and Sweden (€-31.9k or -52.8%). In August 2024, the decrease in Work Trucks's year-by-year imports was explained primarily by a decrease in imports from Germany (€-132k or -89.4%), China (€-23k or -7.76%), and France (€-3.36k or -33.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-207k(-13.6%)
IMPORT GROWTH (August 2023 - August 2024)€-1.89M(-81.1%)
MAIN DESTINATION (August 2024)United States€631k

This section shows Work Trucks'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 Work Trucks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.7M
IMPORTS (2022)$41.5M
NET TRADE (2022)-$11.8M

In 2022, Belgium exported $29.7M in Work Trucks. The main destinations of Belgium exports on Work Trucks were United States ($9.2M), United Kingdom ($3.95M), Netherlands ($2.64M), Germany ($1.72M), and Bulgaria ($1.72M).

In 2022, Belgium imported $41.5M in Work Trucks, mainly from United Kingdom ($13.7M), Netherlands ($8.5M), United States ($5.35M), France ($4.1M), and China ($3.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Work Trucks EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$4.14M (81.9%)
United Kingdom$1.72M (77.3%)
Bulgaria$1.19M (223%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Work Trucks BY Belgium WERE (2021 - 2022):
Germany-$2.68M (-60.9%)
China-$1.64M (-83.6%)
Uganda-$1.13M (-95.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Work Trucks were:
United States $291M
Germany $239M
China $178M
In 2022, Belgium's main importing competitors in Work Trucks were:
United States $311M
United Kingdom $93.7M
Netherlands $91.7M

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Trade Value of Work Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.9M
TOP IMPORT POTENTIALFrance+ $1.85M

Work Trucks’s highest export potential is Germany. With an export gap of $1.9M.   Work Trucks’s highest import potential is France with an import gap of $1.85M.

See methodology.

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