Belgium (BEL) and Czechia (CZE) Trade | OEC - The Observatory of Economic Complexity

About

Belgium-Czechia In 2021, Belgium exported $3.62B to Czechia. The main products that Belgium exported to Czechia are Cars ($281M), Vaccines, blood, antisera, toxins and cultures ($212M), and Beauty Products ($175M). During the last 22 years the exports of Belgium to Czechia have increased at an annualized rate of 8.22%, from $637M in 1999 to $3.62B in 2021.

In 2020, Belgium exported services to Czechia worth $686M, with Other business services ($305M), Computer and information services ($155M), and Transportation ($97.1M) being the largest in terms of value.

Czechia-Belgium In 2021, Czechia exported $4.92B to Belgium. The main products that Czechia exported to Belgium were Cars ($957M), Motor vehicles; parts and accessories (8701 to 8705) ($385M), and Air Conditioners ($244M). During the last 22 years the exports of Czechia to Belgium have increased at an annualized rate of 10.4%, from $558M in 1999 to $4.92B in 2021.

In 2019, Czechia exported services to Belgium worth $726M, with Transportation ($316M), Other business services ($276M), and Travel ($59.3M) 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.56), and 29 in total exports ($225B).

Latest Trends

#

January, 2023

About

#

Overview In January 2023, Belgium exported €299M and imported €363M from Czechia, resulting in a negative trade balance of €64M. Between January 2022 and January 2023 the exports of Belgium have increased by €4.77M (1.62%) from €294M to €299M, while imports increased by €90.3M (33.1%) from €273M to €363M.

Trade In January 2023, the top exports of Belgium to Czechia were Pharmaceutical products (€51.3M), Cars, tractors, trucks & parts thereof. (€36.4M), Plastics & articles thereof (€33M), Iron & steel (€30.4M), and Electrical machinery and electronics (€16.9M). In January 2023 the top imports of Belgium from Czechia were Cars, tractors, trucks & parts thereof. (€80M), Machinery, mechanical appliances, & parts (€70.9M), Electrical machinery and electronics (€21.8M), Iron or steel articles (€12.9M), and Rubber & articles thereof (€9.39M).

Growth In January 2023, the increase in Belgium's year-by-year exports to Czechia was explained primarily by an increase in product exports in Pharmaceutical products (€25.4M or 98.2%), Iron & steel (€19.6M or 181%), and Cars, tractors, trucks & parts thereof. (€8.26M or 29.3%). In January 2023, the increase in Belgium's year-by-year imports from Czechia was explained primarily by an increase in product imports in Cars, tractors, trucks & parts thereof. (€9.09M or 12.8%), Iron or steel articles (€2.24M or 21.1%), and Preparations of cereals, flour, starch or... (€1.29M or 42.7%).

Latest Trade

#

Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2022 - January 2023): €4.77M, (1.62%)

IMPORT GROWTH (January 2022 - January 2023): €90.3M, (33.1%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Czechia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Czechia and Belgium Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2021, Belgium exported $3.62B to Czechia. The main products exported from Belgium to Czechia were Cars ($281M), Vaccines, blood, antisera, toxins and cultures ($212M), and Beauty Products ($175M). During the last 22 years the exports of Belgium to Czechia have increased at an annualized rate of 8.22%, from $637M in 1999 to $3.62B in 2021.

In 2021, Czechia exported $4.92B to Belgium. The main products exported from Czechia to Belgium were Cars ($957M), Motor vehicles; parts and accessories (8701 to 8705) ($385M), and Air Conditioners ($244M). During the last 22 years the exports of Czechia to Belgium have increased at an annualized rate of 10.4%, from $558M in 1999 to $4.92B in 2021.

Market Competitiveness

#

Color

SectionYear

Belgium
Top Destination: Germany, $62.7B

Czechia
Top Destination: Germany, $70.5B

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

In 2021, countries that imported more from Belgium than Czechia were France ($59.9B), Netherlands ($50.4B), and United States ($24.7B).

In 2021, countries that imported more from Czechia than Belgium were Slovakia ($17.8B), Germany ($70.5B), and Austria ($10.2B).

Comparative Advantage Belgium - Czechia

#

Flow

Scale

Year

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

During 2021, Belgium had a large net trade with Czechia in the exports of Chemical Products ($879M), Plastics and Rubbers ($563M), and Transportation ($485M).

During 2021, Czechia had a large net trade with Belgium in the exports of Machines ($1.56B), Transportation ($1.4B), and Metals ($394M).

Service Trade

#

Bilateral Service Trade

#

Cze YearBel Year

In 2020, Belgium exported services to Czechia worth $686M, with Other business services ($305M), Computer and information services ($155M), and Transportation ($97.1M) being the largest in terms of value.

In 2019, Czechia exported services to Belgium worth $726M, with Transportation ($316M), Other business services ($276M), and Travel ($59.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#

Competitive Landscape

#

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Czechia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles