Tools & cutlery in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $777M in Tools & cutlery, making it the 21st largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 51st most exported product in Belgium. The main destination of Tools & cutlery exports from Belgium are: France ($173M), Netherlands ($125M), Germany ($82.9M), Italy ($53.3M), and Sweden ($32.7M).

The fastest growing export markets for Tools & cutlery of Belgium between 2021 and 2022 were Netherlands ($14M), India ($7.9M), and Turkey ($3.94M).

Imports In 2022, Belgium imported $1.28B in Tools & cutlery, becoming the 16th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 49th most imported product in Belgium. Belgium imports Tools & cutlery primarily from: Germany ($200M), China ($193M), Netherlands ($193M), Israel ($81.5M), and France ($78.1M).

The fastest growing import markets in Tools & cutlery for Belgium between 2021 and 2022 were Vietnam ($5.94M), Senegal ($4.34M), and Poland ($2.46M).

COMPANIES In 2023, leading companies such as STIHL INCORPORATED (48), AGCO CORPORATION (48), and THE DOW CHEMICAL COMPANY (25) were at the forefront of shipping Tools & cutlery from Belgium to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Belgium's Tools & cutlery exports accounted up to €42.9M and imports accounted up to €65.2M, resulting in a negative trade balance of €22.3M. Between January 2023 and January 2024 the exports of Belgium's Tools & cutlery have decreased by €-8.2M (-16.1%) from €51.1M to €42.9M, while imports decreased by €-8.85M (-12%) from €74M to €65.2M.

Destinations In January 2024, Tools & cutlery were exported mostly to Netherlands (€6.52M), Germany (€6M), France (€5.84M), Italy (€2.55M), and United Kingdom (€2.5M), and were imported mostly from Germany (€14.6M), Netherlands (€14.2M), China (€9.02M), France (€6.73M), and Poland (€3.13M).

Growth In January 2024, the decrease in Tools & cutlery's year-by-year exports was explained primarily by a decrease in exports to United States (€-5.25M or -82.6%), India (€-4.9M or -94.3%), and Italy (€-2.14M or -38.8%). In January 2024, the decrease in Tools & cutlery's year-by-year imports was explained primarily by a decrease in imports from Sweden (€-4.83M or -81%), China (€-2.54M or -17.2%), and United States (€-1.49M or -31.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-8.2M(-16.1%)

IMPORT GROWTH (January 2023 - January 2024)€-8.85M(-12%)

MAIN DESTINATION (January 2024)Netherlands€6.52M

This section shows Tools & cutlery'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 Tools & cutlery over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$777M

IMPORTS (2022)$1.28B

NET TRADE (2022)-$503M

In 2022, Belgium exported $777M in Tools & cutlery. The main destinations of Belgium exports on Tools & cutlery were France ($173M), Netherlands ($125M), Germany ($82.9M), Italy ($53.3M), and Sweden ($32.7M).

In 2022, Belgium imported $1.28B in Tools & cutlery, mainly from Germany ($200M), China ($193M), Netherlands ($193M), Israel ($81.5M), and France ($78.1M).

Explore Visualizations