2022
Flag  
GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
Flag
 GDP
$808BCURRENT US$
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2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
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2022
Flag
GDP PC 
$49,583CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
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2022
Flag
GDP PC
$92,101CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
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About

Belgium-Switzerland In 2022, Belgium exported $4.92B to Switzerland. The main products that Belgium exported to Switzerland are Diamonds ($634M), Vaccines, blood, antisera, toxins and cultures ($524M), and Gold ($301M). During the last 23 years the exports of Belgium to Switzerland have increased at an annualized rate of 3.13%, from $2.42B in 1999 to $4.92B in 2022.

In 2020, Belgium exported services to Switzerland worth $6.32B, with Transportation ($2.53B), Other business services ($2.51B), and Computer and information services ($455M) being the largest in terms of value.

Switzerland-Belgium In 2022, Switzerland exported $5.4B to Belgium. The main products that Switzerland exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($1.61B), Packaged Medicaments ($713M), and Orthopedic Appliances ($438M). During the last 23 years the exports of Switzerland to Belgium have increased at an annualized rate of 5.37%, from $1.62B in 1999 to $5.4B in 2022.

In 2019, Switzerland exported services to Belgium worth $1.03B, with Financial services ($261M), Transportation ($214M), and Royalties and license fees ($214M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.85), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $4.92B to Switzerland. The main products exported from Belgium to Switzerland were Diamonds ($634M), Vaccines, blood, antisera, toxins and cultures ($524M), and Gold ($301M). During the last 23 years the exports of Belgium to Switzerland have increased at an annualized rate of 3.13%, from $2.42B in 1999 to $4.92B in 2022.

In 2022, Switzerland exported $5.4B to Belgium. The main products exported from Switzerland to Belgium were Vaccines, blood, antisera, toxins and cultures ($1.61B), Packaged Medicaments ($713M), and Orthopedic Appliances ($438M). During the last 23 years the exports of Switzerland to Belgium have increased at an annualized rate of 5.37%, from $1.62B in 1999 to $5.4B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Switzerland
Top Destination
United States$61.7B

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

In 2021, countries that imported more from Belgium than Switzerland were Netherlands ($65.7B), France ($71.1B), and Germany ($91.9B).

In 2021, countries that imported more from Switzerland than Belgium were China ($44.1B), United States ($61.7B), and Slovenia ($11.7B).

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

Comparative Advantage Belgium - Switzerland

Flow
Scale

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

During 2022, Belgium had a large net trade with Switzerland in the exports of Chemical Products ($1.35B), Precious Metals ($1.12B), and Plastics and Rubbers ($401M).

During 2022, Switzerland had a large net trade with Belgium in the exports of Chemical Products ($2.86B), Instruments ($925M), and Machines ($552M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Switzerland worth $6.32B, with Transportation ($2.53B), Other business services ($2.51B), and Computer and information services ($455M) being the largest in terms of value.

In 2019, Switzerland exported services to Belgium worth $1.03B, with Financial services ($261M), Transportation ($214M), and Royalties and license fees ($214M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Switzerland (Flag) to Belgium (Flag) (2019)

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 Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Belgium.

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

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