Flag Belgium / Canada Flag

2021
FlagFlag
Exports
: $4.06B, Rnk 16 / 221

2021
FlagFlag
Top Product
: $698M, Tanks and Armored vehicles

2021
FlagFlag
Exports
: $3.19B, Rnk 10 / 218

2021
FlagFlag
Top Product
: $1.09B, Diamonds

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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Economic Complexity (ECI)
: ECI 0.9, Rnk 32 / 131

2021
Flag  
GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
Flag
 GDP
: $1.99T, CURRENT US$
Rnk 9 / 182

2011-2021
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GDP GROWTH
: 11%, CURRENT US$
Rnk 127 / 182

2021
Flag
GDP PC 
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

2021
Flag
GDP PC
: $52,051, CURRENT US$
Rnk 16 / 182

2011-2021
Flag
GDP PC GROWTH
: -0.33%, CURRENT US$
Rnk 125 / 182

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

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Bilateral Trade by Products

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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.

Market Competitiveness

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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).

Comparative Advantage Belgium - Canada

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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).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.