2022
Exports
$368MWorld Rnk 20 / 210
Flag Rnk 70 / 96
2022
PRODUCT COMPLEXITY IN Wadding, felt, nonwovens, twin, ropes, & articles thereof
0.79Rnk 248 / 1025
2022
Imports
$593MWorld Rnk 16 / 223
Flag Rnk 66 / 96
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $368M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, making it the 20th largest exporter of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 70th most exported product in Belgium. The main destination of Wadding, felt, nonwovens, twin, ropes, & articles thereof exports from Belgium are: France ($67.7M), Germany ($59.1M), Netherlands ($42.3M), Luxembourg ($27M), and United Kingdom ($27M).

The fastest growing export markets for Wadding, felt, nonwovens, twin, ropes, & articles thereof of Belgium between 2021 and 2022 were United States ($5.01M), Czechia ($4.45M), and Luxembourg ($2.86M).

Imports In 2022, Belgium imported $593M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, becoming the 16th largest importer of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 66th most imported product in Belgium. Belgium imports Wadding, felt, nonwovens, twin, ropes, & articles thereof primarily from: United States ($103M), Germany ($96.5M), France ($70.5M), Netherlands ($68.5M), and Japan ($56.1M).

The fastest growing import markets in Wadding, felt, nonwovens, twin, ropes, & articles thereof for Belgium between 2021 and 2022 were Japan ($52.9M), United States ($11M), and Sri Lanka ($5.49M).

COMPANIES In 2023, leading companies such as EBI Furniture and Mattresses (7) and CNH Industrial (1) were at the forefront of shipping Wadding, felt, nonwovens, twin, ropes, & articles thereof from Belgium to the United States.

Latest Trends

May 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-25.2M(-91.5%)
IMPORT GROWTH (May 2023 - May 2024)€-42.6M(-93.9%)
MAIN DESTINATION (May 2024)Czechia€1.07M

This section shows Wadding, felt, nonwovens, twin, ropes, & articles thereof'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 Wadding, felt, nonwovens, twin, ropes, & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$368M
IMPORTS (2022)$593M
NET TRADE (2022)-$225M

In 2022, Belgium exported $368M in Wadding, felt, nonwovens, twin, ropes, & articles thereof. The main destinations of Belgium exports on Wadding, felt, nonwovens, twin, ropes, & articles thereof were France ($67.7M), Germany ($59.1M), Netherlands ($42.3M), Luxembourg ($27M), and United Kingdom ($27M).

In 2022, Belgium imported $593M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, mainly from United States ($103M), Germany ($96.5M), France ($70.5M), Netherlands ($68.5M), and Japan ($56.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wadding, felt, nonwovens, twin, ropes, & articles thereof EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$5.01M (44.2%)
Czechia$4.45M (64.8%)
Luxembourg$2.86M (11.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wadding, felt, nonwovens, twin, ropes, & articles thereof BY Belgium WERE (2021 - 2022):
United Kingdom-$13.5M (-33.3%)
France-$3.4M (-4.78%)
Poland-$3.2M (-20.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Wadding, felt, nonwovens, twin, ropes, & articles thereof were:
In 2022, Belgium's main importing competitors in Wadding, felt, nonwovens, twin, ropes, & articles thereof were:

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Trade Value of Wadding, felt, nonwovens, twin, ropes, & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $31.8M
TOP IMPORT POTENTIALGermany+ $44.2M

Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest export potential is Germany. With an export gap of $31.8M.   Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest import potential is Germany with an import gap of $44.2M.

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