Knitting Machines in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $14.6M in Knitting Machines, making it the 13th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 811th most exported product in Belgium. The main destination of Knitting Machines exports from Belgium are: Turkey ($5.52M), India ($4.73M), Thailand ($1.11M), Egypt ($542k), and Australia ($443k).

The fastest growing export markets for Knitting Machines of Belgium between 2021 and 2022 were India ($3.51M), Turkey ($2.8M), and Thailand ($1.11M).

Imports In 2022, Belgium imported $5.98M in Knitting Machines, becoming the 56th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 1015th most imported product in Belgium. Belgium imports Knitting Machines primarily from: United States ($1.55M), China ($1.11M), Germany ($1.05M), France ($818k), and Netherlands ($259k).

The fastest growing import markets in Knitting Machines for Belgium between 2021 and 2022 were United States ($722k), China ($402k), and France ($198k).

COMPANIES In 2023, leading companies such as AGCO CORPORATION (92) and DUPONT SPECIALTY PRODUCTS USA, LLC (23) were at the forefront of shipping Knitting Machines from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Knitting Machines exports accounted up to €245k and imports accounted up to €255k, resulting in a negative trade balance of €9.47k. Between December 2022 and December 2023 the exports of Belgium's Knitting Machines have increased by €242k (6.64k%) from €3.64k to €245k, while imports decreased by €-315k (-55.3%) from €570k to €255k.

Destinations In December 2023, Knitting Machines were exported mostly to Romania (€162k), Turkey (€46.1k), Iran (€31.7k), Netherlands (€5.94k), and France (€22), and were imported mostly from China (€210k), Germany (€37k), South Korea (€5.3k), France (€2.12k), and Canada (€502).

Growth In December 2023, the increase in Knitting Machines's year-by-year exports was explained primarily by an increase in exports to . In December 2023, the decrease in Knitting Machines's year-by-year imports was explained primarily by a decrease in imports from Japan (€-195k or -87.4%), Germany (€-46k or -61%), and China (€-18.2k or -75.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€242k(6.64k%)

IMPORT GROWTH (December 2022 - December 2023)€-315k(-55.3%)

MAIN DESTINATION (December 2023)Romania€162k

This section shows Knitting 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 Knitting Machines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$14.6M

IMPORTS (2022)$5.98M

NET TRADE (2022)$8.64M

In 2022, Belgium exported $14.6M in Knitting Machines. The main destinations of Belgium exports on Knitting Machines were Turkey ($5.52M), India ($4.73M), Thailand ($1.11M), Egypt ($542k), and Australia ($443k).

In 2022, Belgium imported $5.98M in Knitting Machines, mainly from United States ($1.55M), China ($1.11M), Germany ($1.05M), France ($818k), and Netherlands ($259k).

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