2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186

About

Belgium-China Trade: In 2022, Belgium exported $6.01B to China. The main products that Belgium exported to China were Packaged Medicaments ($698M), Vaccines, blood, antisera, toxins and cultures ($333M), and Orthopedic Appliances ($282M). Over the past 5 years the exports of Belgium to China have decreased at an annualized rate of 4.26%, from $7.48B in 2017 to $6.01B in 2022.

In 2020, Belgium exported services to China worth $1.35B, with Other business services ($464M), Transportation ($460M), and Royalties and license fees ($172M) being the largest in terms of value.

China-Belgium Trade: In 2022, China exported $30.5B to Belgium. The main products that China exported to Belgium were Cars ($5.47B), Large Construction Vehicles ($997M), and Broadcasting Equipment ($918M). Over the past 5 years the exports of China to Belgium have increased at an annualized rate of 17.9%,  from $13.4B in 2017 to $30.5B in 2022.

In 2022, China did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $6.01B to China. The main products exported from Belgium to China were Packaged Medicaments ($698M), Vaccines, blood, antisera, toxins and cultures ($333M), and Orthopedic Appliances ($282M). During the last 5 years the exports of Belgium to China have decreased at an annualized rate of 4.26%, from $7.48B in 2017 to $6.01B in 2022.

In 2017, China exported $30.5B to Belgium. The main products exported from China to Belgium were Cars ($5.47B), Large Construction Vehicles ($997M), and Broadcasting Equipment ($918M). During the last 5 years the exports of China to Belgium have increased at an annualized rate of 17.9%, from $13.4B in 2022 to $30.5B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
China
Top Destination
United States$551B

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

In 2022, countries that imported more from Belgium than China included France ($71.1B), Luxembourg ($7.67B), and Botswana ($397M).

In 2022, countries that imported more from China than Belgium included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Belgium - China

Flow
Scale

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

During 2022, Belgium had a large net trade with China in the exports of Chemical Products ($2.11B), Machines ($925M), and Plastics and Rubbers ($646M).

During 2017, China had a large net trade with Belgium in the exports of Machines ($8.62B), Transportation ($6.56B), and Chemical Products ($3.38B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium China+$418MPackaged Medicaments
Top Product Potential China Belgium+$410MTelephones

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

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

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