2022
Flag  
GDP
$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH
32%CURRENT US$
Rnk 93 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH
21.1%CURRENT US$
Rnk 81 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

United Arab Emirates-Belgium Trade: In 2022, United Arab Emirates exported $2.48B to Belgium. The main products that United Arab Emirates exported to Belgium were Diamonds ($2.07B), Hot-Rolled Iron Bars ($46.5M), and Gold ($32.6M). Over the past 5 years the exports of United Arab Emirates to Belgium have decreased at an annualized rate of 0.77%, from $2.58B in 2017 to $2.48B in 2022.

In 2022, United Arab Emirates did not export any services to Belgium.

Belgium-United Arab Emirates Trade: In 2022, Belgium exported $4.07B to United Arab Emirates. The main products that Belgium exported to United Arab Emirates were Diamonds ($2.59B), Gold ($314M), and Packaged Medicaments ($97M). Over the past 5 years the exports of Belgium to United Arab Emirates have increased at an annualized rate of 0.69%,  from $3.69B in 2017 to $4.07B in 2022.

In 2022, Belgium did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $2.48B to Belgium. The main products exported from United Arab Emirates to Belgium were Diamonds ($2.07B), Hot-Rolled Iron Bars ($46.5M), and Gold ($32.6M). During the last 5 years the exports of United Arab Emirates to Belgium have decreased at an annualized rate of 0.77%, from $2.58B in 2017 to $2.48B in 2022.

In 2017, Belgium exported $4.07B to United Arab Emirates. The main products exported from Belgium to United Arab Emirates were Diamonds ($2.59B), Gold ($314M), and Packaged Medicaments ($97M). During the last 5 years the exports of Belgium to United Arab Emirates have increased at an annualized rate of 0.69%, from $3.69B in 2022 to $4.07B in 2017.

Exports from United Arab Emirates (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Belgium (Flag)

United Arab Emirates Exports

Belgium Exports

Market Competitiveness

Color
United Arab Emirates
Top Destination
India$51B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from United Arab Emirates than Belgium included India ($51B), Japan ($40.9B), and China ($32.5B).

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

Difference in imports from Belgium (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Belgium

Flow
Scale

This chart compares trade between United Arab Emirates and Belgium by product, considering products traded by both, United Arab Emirates and Belgium.

During 2022, United Arab Emirates had a large net trade with Belgium in the exports of Precious Metals ($2.13B), Metals ($92.1M), and Chemical Products ($52.4M).

During 2017, Belgium had a large net trade with United Arab Emirates in the exports of Precious Metals ($2.94B), Chemical Products ($326M), and Machines ($214M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Belgium+$47.2MPetroleum Gas
Top Product Potential Belgium United Arab Emirates+$45.8MPackaged Medicaments

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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Economic Complexity

Competitive Landscape

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

Product Space of United Arab Emirates (Flag) and Belgium (Flag) (2022)

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