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2022
Flag → Flag
Exports $91.9BRnk 1 / 222
2022
Flag → Flag
Exports $61.6BRnk 10 / 223
2022
Flag → Flag
Top Product $5.93BCars
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Belgium-Germany Trade: In 2022, Belgium exported $91.9B to Germany. The main products that Belgium exported to Germany were N/A. Over the past 5 years the exports of Belgium to Germany have increased at an annualized rate of 14.6%, from $46.5B in 2017 to $91.9B in 2022.

In 2020, Belgium exported services to Germany worth $9.86B, with Other business services ($3.75B), Transportation ($2.58B), and Computer and information services ($1.04B) being the largest in terms of value.

Germany-Belgium Trade: In 2022, Germany exported $61.6B to Belgium. The main products that Germany exported to Belgium were Cars ($5.93B), Packaged Medicaments ($4.2B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.69B). Over the past 5 years the exports of Germany to Belgium have increased at an annualized rate of 4.88%,  from $48.5B in 2017 to $61.6B in 2022.

In 2020, Germany exported services to Belgium worth $6.02B, with Other business services ($2.99B), Transportation ($1.29B), and Travel ($875M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €4.57B and imported €3.63B from Germany, resulting in a positive trade balance of €938M. Between July 2023 and July 2024 the exports of Belgium have increased by €163M (3.71%) from €4.4B to €4.57B, while imports increased by €57.5M (1.61%) from €3.57B to €3.63B.

Trade In July 2024, the top exports of Belgium to Germany were Mineral fuels, mineral oils and products... (€1.71B), Cars, tractors, trucks & parts thereof. (€487M), Pharmaceutical products (€447M), Plastics & articles thereof (€410M), and Organic chemicals (€351M). In July 2024 the top imports of Belgium from Germany were Cars, tractors, trucks & parts thereof. (€694M), Pharmaceutical products (€459M), Machinery, mechanical appliances, & parts (€373M), Electrical machinery and electronics (€281M), and Plastics & articles thereof (€246M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Germany was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... (€514M or 43%), Cars, tractors, trucks & parts thereof. (€64M or 15.1%), and Electrical machinery and electronics (€42.1M or 27.2%). In July 2024, the increase in Belgium's year-by-year imports  from Germany was explained primarily by an increase in product imports  in Pharmaceutical products (€286M or 166%), Cars, tractors, trucks & parts thereof. (€217M or 45.5%), and Inorganic chemicals (€33.7M or 98.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€163M(3.71%)
IMPORT GROWTH (July 2023 - July 2024)€57.5M(1.61%)

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 Germany and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $91.9B to Germany. There were not main exports from Belgium to Germany in 2022. During the last 5 years the exports of Belgium to Germany have increased at an annualized rate of 14.6%, from $46.5B in 2017 to $91.9B in 2022.

In 2017, Germany exported $61.6B to Belgium. The main products exported from Germany to Belgium were Cars ($5.93B), Packaged Medicaments ($4.2B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.69B). During the last 5 years the exports of Germany to Belgium have increased at an annualized rate of 4.88%, from $48.5B in 2022 to $61.6B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Belgium than Germany included Nigeria ($7.72B), Libya ($1.28B), and Senegal ($877M).

In 2022, countries that imported more from Germany than Belgium included United States ($153B), China ($109B), and Austria ($86.5B).

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

Comparative Advantage Belgium - Germany

Flow
Scale

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

During 2022, Belgium had a large net trade with Germany in the exports of Mineral Products ($34B), Chemical Products ($19.1B), and Metals ($7.96B).

During 2017, Germany had a large net trade with Belgium in the exports of Chemical Products ($14.7B), Machines ($9.64B), and Transportation ($9B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Germany+$2.47BRefined Petroleum
Top Product Potential Germany Belgium+$2.91BCars

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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Bilateral Service Trade

In 2020, Belgium exported services to Germany worth $9.86B, with Other business services ($3.75B), Transportation ($2.58B), and Computer and information services ($1.04B) being the largest in terms of value.

In 2020, Germany exported services to Belgium worth $6.02B, with Other business services ($2.99B), Transportation ($1.29B), and Travel ($875M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Germany. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Belgium.

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

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