Knitting Machine Accessories in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $132M in Knitting Machine Accessories, making it the 13th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 390th most exported product in Belgium. The main destination of Knitting Machine Accessories exports from Belgium are: Germany ($18.3M), India ($17.1M), China ($16.2M), Turkey ($9.81M), and United States ($8.95M).

The fastest growing export markets for Knitting Machine Accessories of Belgium between 2021 and 2022 were India ($4.55M), Egypt ($3.45M), and Italy ($1.53M).

Imports In 2022, Belgium imported $264M in Knitting Machine Accessories, becoming the 5th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 302nd most imported product in Belgium. Belgium imports Knitting Machine Accessories primarily from: France ($83.4M), China ($46.1M), Germany ($37.8M), Sweden ($22.9M), and Italy ($18.6M).

The fastest growing import markets in Knitting Machine Accessories for Belgium between 2021 and 2022 were China ($7.64M), United States ($4.3M), and Czechia ($1.57M).

Latest Trends

January 2024

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Overview In January 2024 Belgium's Knitting Machine Accessories exports accounted up to €7.9M and imports accounted up to €9.26M, resulting in a negative trade balance of €1.36M. Between January 2023 and January 2024 the exports of Belgium's Knitting Machine Accessories have decreased by €-304k (-3.71%) from €8.2M to €7.9M, while imports decreased by €-9.34M (-50.2%) from €18.6M to €9.26M.

Destinations In January 2024, Knitting Machine Accessories were exported mostly to Germany (€1.56M), China (€991k), United States (€733k), Egypt (€630k), and India (€590k), and were imported mostly from France (€3.65M), Germany (€1.22M), Italy (€975k), China (€973k), and Sweden (€844k).

Growth In January 2024, the decrease in Knitting Machine Accessories's year-by-year exports was explained primarily by a decrease in exports to Turkey (€-668k or -59.5%), Egypt (€-200k or -38.7%), and Bangladesh (€-128k or -40.8%). In January 2024, the decrease in Knitting Machine Accessories's year-by-year imports was explained primarily by a decrease in imports from France (€-6.71M or -79.7%), Germany (€-620k or -20.1%), and Italy (€-556k or -31.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-304k(-3.71%)

IMPORT GROWTH (January 2023 - January 2024)€-9.34M(-50.2%)

MAIN DESTINATION (January 2024)Germany€1.56M

This section shows Knitting Machine 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 Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$132M

IMPORTS (2022)$264M

NET TRADE (2022)-$132M

In 2022, Belgium exported $132M in Knitting Machine Accessories. The main destinations of Belgium exports on Knitting Machine Accessories were Germany ($18.3M), India ($17.1M), China ($16.2M), Turkey ($9.81M), and United States ($8.95M).

In 2022, Belgium imported $264M in Knitting Machine Accessories, mainly from France ($83.4M), China ($46.1M), Germany ($37.8M), Sweden ($22.9M), and Italy ($18.6M).

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