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2022
Flag → Flag
Exports $17BRnk 4 / 210
2022
Flag → Flag
Top Product $9.85BVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $2.88BRnk 26 / 222
2022
Flag → Flag
Top Product $399MCars
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Ireland-Belgium Trade: In 2022, Ireland exported $17B to Belgium. The main products that Ireland exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($9.85B), Nitrogen Heterocyclic Compounds ($3.23B), and Sulfonamides ($858M). Over the past 5 years the exports of Ireland to Belgium have increased at an annualized rate of 3.3%, from $14.5B in 2017 to $17B in 2022.

In 2020, Ireland exported services to Belgium worth $2.19B, with Other business services ($1.52B), Insurance services ($275M), and Financial services ($273M) being the largest in terms of value.

Belgium-Ireland Trade: In 2022, Belgium exported $2.88B to Ireland. The main products that Belgium exported to Ireland were Cars ($399M), Vaccines, blood, antisera, toxins and cultures ($285M), and Packaged Medicaments ($172M). Over the past 5 years the exports of Belgium to Ireland have increased at an annualized rate of 6.9%,  from $1.81B in 2017 to $2.88B in 2022.

In 2020, Belgium exported services to Ireland worth $5.18B, with Other business services ($3.38B), Computer and information services ($793M), and Royalties and license fees ($346M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

July, 2024

About

Overview In July 2024, Ireland exported €815M and imported €260M from Belgium, resulting in a positive trade balance of €555M. Between July 2023 and July 2024 the exports of Ireland have decreased by €-812M (-49.9%) from €1.63B to €815M, while imports increased by €116M (80.8%) from €144M to €260M.

Trade In July 2024, the top exports of Ireland to Belgium were Medicinal and pharmaceutical products (€1.13B), Organic chemicals (€150M), Inorganic chemicals (€20.2M), Miscellaneous manufactured articles, n.e.s. (€20.1M), and Professional, scientific and controlling apparatus (€13.4M). In July 2024 the top imports of Ireland from Belgium were Medicinal and pharmaceutical products (€27.2M), Plastics in primary forms (€17.9M), Petroleum, petroleum products and related materials (€17.5M), Miscellaneous edible products and preparations (€13.7M), and Fertilisers, manufactured (€10.8M).

Growth In July 2024, the decrease in Ireland's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-303M or -21.2%), Organic chemicals (€-45.2M or -23.1%), and Dairy products and birds eggs (€-1.81M or -38.6%). In July 2024, the increase in Ireland's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Petroleum, petroleum products and related materials (€16.5M or 1.67k%), Miscellaneous edible products and preparations (€11.2M or 448%), and Plastics in primary forms (€8.56M or 92.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-812M(-49.9%)
IMPORT GROWTH (July 2023 - July 2024)€116M(80.8%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Belgium and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $17B to Belgium. The main products exported from Ireland to Belgium were Vaccines, blood, antisera, toxins and cultures ($9.85B), Nitrogen Heterocyclic Compounds ($3.23B), and Sulfonamides ($858M). During the last 5 years the exports of Ireland to Belgium have increased at an annualized rate of 3.3%, from $14.5B in 2017 to $17B in 2022.

In 2017, Belgium exported $2.88B to Ireland. The main products exported from Belgium to Ireland were Cars ($399M), Vaccines, blood, antisera, toxins and cultures ($285M), and Packaged Medicaments ($172M). During the last 5 years the exports of Belgium to Ireland have increased at an annualized rate of 6.9%, from $1.81B in 2022 to $2.88B in 2017.

Exports from Ireland (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Belgium
Top DestinationGermany$91.9B

This map shows whether countries import more from Ireland or Belgium. Each country is colored based on the difference in imports they receive from Ireland and Belgium or the difference in the growth in imports.

In 2022, countries that imported more from Ireland than Belgium included United States ($70.7B), China ($16.7B), and Malaysia ($2B).

In 2022, countries that imported more from Belgium than Ireland included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Belgium

Flow
Scale

This chart compares trade between Ireland and Belgium by product, considering products traded by both, Ireland and Belgium.

During 2022, Ireland had a large net trade with Belgium in the exports of Chemical Products ($15.6B), Animal Products ($361M), and Instruments ($343M).

During 2017, Belgium had a large net trade with Ireland in the exports of Chemical Products ($874M), Transportation ($491M), and Machines ($274M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Belgium+$295MPackaged Medicaments
Top Product Potential Belgium Ireland+$143MVaccines, blood, antisera, toxins and cultures

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Ireland exported services to Belgium worth $2.19B, with Other business services ($1.52B), Insurance services ($275M), and Financial services ($273M) being the largest in terms of value.

In 2020, Belgium exported services to Ireland worth $5.18B, with Other business services ($3.38B), Computer and information services ($793M), and Royalties and license fees ($346M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Belgium (Flag) (2020)

Services Exports from Belgium (Flag) to Ireland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ireland and Belgium. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Ireland.

Product Space of Ireland (Flag) and Belgium (Flag) (2022)

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