2021
Flag  
GDP
$594BCURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP GROWTH
13.6%CURRENT US$
Rnk 131 / 204
2021
Flag
 GDP
$2TCURRENT US$
Rnk 9 / 204
2011-2021
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 139 / 204
2021
Flag
GDP PC 
$51,268CURRENT US$
Rnk 25 / 204
2011-2021
Flag
GDP PC GROWTH
8.14%CURRENT US$
Rnk 122 / 204
2021
Flag
GDP PC
$52,359CURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP PC GROWTH
0.26%CURRENT US$
Rnk 143 / 204

About

Belgium-Canada In 2021, Belgium exported $4.06B to Canada. The main products that Belgium exported to Canada are Tanks and Armored vehicles ($698M), Vaccines, blood, antisera, toxins and cultures ($623M), and Hormones ($499M). During the last 22 years the exports of Belgium to Canada have increased at an annualized rate of 8.1%, from $733M in 1999 to $4.06B in 2021.

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

Canada-Belgium In 2021, Canada exported $3.19B to Belgium. The main products that Canada exported to Belgium were Diamonds ($1.09B), Packaged Medicaments ($210M), and Iron Ore ($192M). During the last 22 years the exports of Canada to Belgium have increased at an annualized rate of 3.72%, from $1.43B in 1999 to $3.19B in 2021.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Canada ranked 32 in the Economic Complexity Index (ECI 0.9), and 9 in total exports ($484B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Belgium exported $4.06B to Canada. The main products exported from Belgium to Canada were Tanks and Armored vehicles ($698M), Vaccines, blood, antisera, toxins and cultures ($623M), and Hormones ($499M). During the last 22 years the exports of Belgium to Canada have increased at an annualized rate of 8.1%, from $733M in 1999 to $4.06B in 2021.

In 2021, Canada exported $3.19B to Belgium. The main products exported from Canada to Belgium were Diamonds ($1.09B), Packaged Medicaments ($210M), and Iron Ore ($192M). During the last 22 years the exports of Canada to Belgium have increased at an annualized rate of 3.72%, from $1.43B in 1999 to $3.19B in 2021.

Exports from Belgium (Flag) to Canada (Flag) (2021)

Exports from Canada (Flag) to Belgium (Flag) (2021)

Market Competitiveness

Color
Belgium
Top Destination
Germany$62.7B
Canada
Top Destination
United States$355B

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

In 2021, countries that imported more from Belgium than Canada were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Canada than Belgium were United States ($355B), China ($22.5B), and Mexico ($7.14B).

Difference in imports from Canada (Flag) and Belgium (Flag) (2021)

Comparative Advantage Belgium - Canada

Flow
Scale

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

During 2021, Belgium had a large net trade with Canada in the exports of Chemical Products ($1.6B), Transportation ($919M), and Precious Metals ($295M).

During 2021, Canada had a large net trade with Belgium in the exports of Precious Metals ($1.1B), Chemical Products ($613M), and Vegetable Products ($409M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Canada (Flag) (2021)

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