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2023
Flag → Flag
Exports $376MRnk 69 / 220
2023
Flag → Flag
Top Product $60.6MRefined Petroleum
2023
Flag → Flag
Exports $323MRnk 39 / 168
2023
Flag → Flag
Top Product $88.1MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$14,187CURRENT US$
Rnk 73 / 196
2013-2023
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GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Belgium-Argentina Trade: In 2023, Belgium exported $376M to Argentina. The main products that Belgium exported to Argentina were Refined Petroleum ($60.6M), Vaccines, blood, antisera, toxins and cultures ($52.8M), and Packaged Medicaments ($15.1M). Over the past 5 years the exports of Belgium to Argentina have increased at an annualized rate of 1.08%, from $356M in 2018 to $376M in 2023.

In 2020, Belgium exported services to Argentina worth $99.4M, with Other business services ($60.5M), Transportation ($28.6M), and Computer and information services ($8M) being the largest in terms of value.

Argentina-Belgium Trade: In 2023, Argentina exported $323M to Belgium. The main products that Argentina exported to Belgium were Raw Tobacco ($88.1M), Lead Ore ($81M), and Soybean Meal ($25.2M). Over the past 5 years the exports of Argentina to Belgium have decreased at an annualized rate of 1.35%,  from $346M in 2018 to $323M in 2023.

In 2023, Argentina did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €34.8M and imported €21.4M from Argentina, resulting in a positive trade balance of €13.4M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-113M (-76.4%) from €148M to €34.8M, while imports decreased by €-9.79M (-31.4%) from €31.2M to €21.4M.

Trade In October 2024, the top exports of Belgium to Argentina were Cars, tractors, trucks & parts thereof. (€16.7M), Pharmaceutical products (€11.7M), Machinery, mechanical appliances, & parts (€3.67M), Plastics & articles thereof (€3.25M), and Mineral fuels, mineral oils and products... (€2.35M). In October 2024 the top imports of Belgium from Argentina were Food residues & wastes; animal fodder (€23.3M), Ores, slag and ash (€4.44M), Precious stones, metals, & pearls (€1.96M), Cereals (€1.78M), and Oils seeds, oleaginous fruits, grains, straw... (€869k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Pharmaceutical products (€-46.3M or -79.8%), Mineral fuels, mineral oils and products... (€-21.9M or -90.3%), and Unclassified (€-3.68M or -75.8%). In October 2024, the decrease in Belgium's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Ores, slag and ash (€-8.9M or -66.7%), Oils seeds, oleaginous fruits, grains, straw... (€-1.72M or -66.4%), and Chemical products n.e.s. (€-242k or -84.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-113M(-76.4%)
IMPORT GROWTH (October 2023 - October 2024)€-9.79M(-31.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Argentina and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $376M to Argentina. The main products exported from Belgium to Argentina were Refined Petroleum ($60.6M), Vaccines, blood, antisera, toxins and cultures ($52.8M), and Packaged Medicaments ($15.1M). During the last 5 years the exports of Belgium to Argentina have increased at an annualized rate of 1.08%, from $356M in 2018 to $376M in 2023.

In 2018, Argentina exported $323M to Belgium. The main products exported from Argentina to Belgium were Raw Tobacco ($88.1M), Lead Ore ($81M), and Soybean Meal ($25.2M). During the last 5 years the exports of Argentina to Belgium have decreased at an annualized rate of 1.35%, from $346M in 2023 to $323M in 2018.

Exports from Belgium (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Belgium than Argentina included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Argentina than Belgium included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

Difference in imports from Argentina (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Argentina

Flow
Scale

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

During 2023, Belgium had a large net trade with Argentina in the exports of Chemical Products ($148M), Mineral Products ($60.9M), and Plastics and Rubbers ($41.7M).

During 2018, Argentina had a large net trade with Belgium in the exports of Foodstuffs ($122M), Mineral Products ($102M), and Vegetable Products ($39.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Argentina+$46.3MVaccines, blood, antisera, toxins and cultures
Top Product Potential Argentina Belgium+$17.5MRefined Petroleum

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 Belgium and Argentina. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Argentina (Flag) (2023)

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