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Pricing

2022
Exports $128MWorld Rnk 28 / 170
Flag Rnk 82 / 96
2022
Destination $3.27MN/A
2021 - 2022
FASTEST GROWING MARKET $3.27MCzechia
2022
PRODUCT COMPLEXITY IN Weapons1.03Rnk 158 / 1025
2022
Imports $183MWorld Rnk 25 / 206
Flag Rnk 80 / 96
2022
Origin $20M United States
2021 - 2022
FASTEST GROWING ORIGIN $20MNorway
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

The fastest growing export markets for Weapons of Belgium between 2021 and 2022 were Czechia ($3.27M), United Kingdom ($2.08M), and South Africa ($2.01M).

Imports In 2022, Belgium imported $183M in Weapons, becoming the 25th largest importer of Weapons in the world. At the same year, Weapons was the 80th most imported product in Belgium. Belgium imports Weapons primarily from: United States ($29.2M), Norway ($25.5M), Portugal ($20.7M), Canada ($15.4M), and Czechia ($14.5M).

The fastest growing import markets in Weapons for Belgium between 2021 and 2022 were Norway ($20M), Canada ($12.9M), and Czechia ($4.68M).

COMPANIES In 2023, leading companies such as IKEA Group (9), GE RENEWABLES NORTH AMERICA LLC (8), and John Deere (1) were at the forefront of shipping Weapons from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Weapons exports accounted up to €303k and imports accounted up to €270k, resulting in a positive trade balance of €33.3k. Between May 2023 and May 2024 the exports of Belgium's   Weapons have decreased by €-6.43M (-95.5%) from €6.73M to €303k, while imports decreased by €-6.74M (-96.1%) from €7.01M to €270k.

Destinations In May 2024, Weapons were exported mostly to Austria (€192k), Cyprus (€38.6k), Bulgaria (€37.5k), and Czechia (€35.8k), and were imported mostly from Canada (€164k), Czechia (€100k), Chile (€3.12k), and Austria (€2.59k).

Growth In May 2024, the decrease in Weapons's year-by-year exports was explained primarily by a decrease in exports to France (€-366k or -30%), Denmark (€-250k or -57.3%), and United States (€-89.5k or -51.6%). In May 2024, the decrease in Weapons's year-by-year imports was explained primarily by a decrease in imports from Japan (€-920k or -86.9%), Switzerland (€-502k or -99.5%), and Italy (€-265k or -81%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-6.43M(-95.5%)
IMPORT GROWTH (May 2023 - May 2024)€-6.74M(-96.1%)
MAIN DESTINATION (May 2024)Austria€192k

This section shows Weapons'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 Weapons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$128M
IMPORTS (2022)$183M
NET TRADE (2022)-$54.2M

In 2022, Belgium imported $183M in Weapons, mainly from United States ($29.2M), Norway ($25.5M), Portugal ($20.7M), Canada ($15.4M), and Czechia ($14.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Weapons EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Czechia$3.27M (169%)
United Kingdom$2.08M (45.5%)
South Africa$2.01M (3.27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons BY Belgium WERE (2021 - 2022):
Canada-$21.2M (-94.4%)
Latvia-$16.8M (-79%)
Indonesia-$9.14M (-79.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Weapons were:
United States $4.14B
South Korea $1.19B
Italy $1B
In 2022, Belgium's main importing competitors in Weapons were:
United States $4.53B
Ukraine $1.48B
Poland $1.31B

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Trade Value of Weapons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.34M
TOP IMPORT POTENTIALGermany+ $8.08M

Weapons’s highest export potential is United States. With an export gap of $7.34M.   Weapons’s highest import potential is Germany with an import gap of $8.08M.

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