2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
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 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
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GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Australia-Belgium Trade: In 2022, Australia exported $1.78B to Belgium. The main products that Australia exported to Belgium were Rapeseed ($946M), Coal Briquettes ($374M), and Other Mineral ($63.4M). Over the past 5 years the exports of Australia to Belgium have increased at an annualized rate of 13.7%, from $936M in 2017 to $1.78B in 2022.

In 2009, Australia exported services to Belgium worth $99M, with Travel ($60.2M), Transportation ($16.6M), and Other business services ($8.71M) being the largest in terms of value.

Belgium-Australia Trade: In 2022, Belgium exported $2B to Australia. The main products that Belgium exported to Australia were Vaccines, blood, antisera, toxins and cultures ($548M), Packaged Medicaments ($199M), and Harvesting Machinery ($90.9M). Over the past 5 years the exports of Belgium to Australia have increased at an annualized rate of 5.83%,  from $1.51B in 2017 to $2B in 2022.

In 2020, Belgium exported services to Australia worth $298M, with Other business services ($155M), Transportation ($57.1M), and Communications services ($32M) being the largest in terms of value.

Comparison: In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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, Australia exported $1.78B to Belgium. The main products exported from Australia to Belgium were Rapeseed ($946M), Coal Briquettes ($374M), and Other Mineral ($63.4M). During the last 5 years the exports of Australia to Belgium have increased at an annualized rate of 13.7%, from $936M in 2017 to $1.78B in 2022.

In 2017, Belgium exported $2B to Australia. The main products exported from Belgium to Australia were Vaccines, blood, antisera, toxins and cultures ($548M), Packaged Medicaments ($199M), and Harvesting Machinery ($90.9M). During the last 5 years the exports of Belgium to Australia have increased at an annualized rate of 5.83%, from $1.51B in 2022 to $2B in 2017.

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

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

Latest Data

Trade between Australia (Flag) and Belgium (Flag)

Australia Exports

Belgium Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from Australia than Belgium included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

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

Comparative Advantage Australia - Belgium

Flow
Scale

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

During 2022, Australia had a large net trade with Belgium in the exports of Vegetable Products ($993M), Mineral Products ($482M), and Chemical Products ($83.7M).

During 2017, Belgium had a large net trade with Australia in the exports of Chemical Products ($925M), Machines ($304M), and Foodstuffs ($193M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Australia Belgium+$18.8MPackaged Medicaments
Top Product Potential Belgium Australia+$71.7MPackaged 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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Bilateral Service Trade

In 2009, Australia exported services to Belgium worth $99M, with Travel ($60.2M), Transportation ($16.6M), and Other business services ($8.71M) being the largest in terms of value.

In 2020, Belgium exported services to Australia worth $298M, with Other business services ($155M), Transportation ($57.1M), and Communications services ($32M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Australia (Flag) to Belgium (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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