Electrical machinery and electronics in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $13B in Electrical machinery and electronics, making it the 34th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 9th most exported product in Belgium. The main destination of Electrical machinery and electronics exports from Belgium are: Germany ($1.98B), Netherlands ($1.83B), France ($1.81B), Italy ($876M), and United States ($471M).

The fastest growing export markets for Electrical machinery and electronics of Belgium between 2021 and 2022 were Mexico ($287M), Italy ($210M), and Germany ($172M).

Imports In 2022, Belgium imported $27.4B in Electrical machinery and electronics, becoming the 27th largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 6th most imported product in Belgium. Belgium imports Electrical machinery and electronics primarily from: China ($4.76B), Netherlands ($4.68B), France ($4.16B), Germany ($3.37B), and Hungary ($1.4B).

The fastest growing import markets in Electrical machinery and electronics for Belgium between 2021 and 2022 were France ($1.1B), China ($635M), and Hungary ($339M).

COMPANIES In 2023, leading companies such as TE CONNECTIVITY CORPORATION (3.26k), ZF TRANSMISSIONS GRAY COURT, LLC (1.88k), and ROBERT BOSCH TOOL CORPORATION (1.41k) were at the forefront of shipping Electrical machinery and electronics from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Electrical machinery and electronics exports accounted up to €977M and imports accounted up to €1.9B, resulting in a negative trade balance of €925M. Between December 2022 and December 2023 the exports of Belgium's Electrical machinery and electronics have decreased by €-267M (-21.5%) from €1.24B to €977M, while imports decreased by €-600M (-24%) from €2.5B to €1.9B.

Destinations In December 2023, Electrical machinery and electronics were exported mostly to Germany (€154M), Netherlands (€113M), France (€105M), United States (€58M), and United Kingdom (€49.8M), and were imported mostly from Netherlands (€421M), France (€266M), China (€234M), Germany (€225M), and Hungary (€173M).

Growth In December 2023, the decrease in Electrical machinery and electronics's year-by-year exports was explained primarily by a decrease in exports to Russia (€-11.1M or -94.8%), Thailand (€-6.85M or -65%), and India (€-1.12M or -18.3%). In December 2023, the decrease in Electrical machinery and electronics's year-by-year imports was explained primarily by a decrease in imports from Japan (€-4.8M or -9.95%), Romania (€-3.04M or -8.37%), and Philippines (€-2.8M or -31.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-267M(-21.5%)

IMPORT GROWTH (December 2022 - December 2023)€-600M(-24%)

MAIN DESTINATION (December 2023)Germany€154M

This section shows Electrical machinery and electronics'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 Electrical machinery and electronics over time.

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