Belgium-Canada Trade: In 2022, Belgium exported $2.19B to Canada. The main products that Belgium exported to Canada were Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). Over the past 5 years the exports of Belgium to Canada have increased at an annualized rate of 24.6%, from $729M in 2017 to $2.19B in 2022.
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 Trade: In 2022, Canada exported $2.82B to Belgium. The main products that Canada exported to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). Over the past 5 years the exports of Canada to Belgium have increased at an annualized rate of 14.7%, from $1.42B in 2017 to $2.82B in 2022.
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 2022, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).