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2022
Flag → Flag
Exports $3.62BRnk 20 / 222
2022
Flag → Flag
Top Product $381MCars
2022
Flag → Flag
Exports $2.11BRnk 14 / 218
2022
Flag → Flag
Top Product $170MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 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$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Belgium-Denmark Trade: In 2022, Belgium exported $3.62B to Denmark. The main products that Belgium exported to Denmark were Cars ($381M), Refined Petroleum ($306M), and Vaccines, blood, antisera, toxins and cultures ($241M). Over the past 5 years the exports of Belgium to Denmark have increased at an annualized rate of 7.49%, from $2.53B in 2017 to $3.62B in 2022.

In 2020, Belgium exported services to Denmark worth $1.14B, with Other business services ($485M), Transportation ($324M), and Computer and information services ($143M) being the largest in terms of value.

Denmark-Belgium Trade: In 2022, Denmark exported $2.11B to Belgium. The main products that Denmark exported to Belgium were Packaged Medicaments ($170M), Cars ($109M), and Refined Petroleum ($102M). Over the past 5 years the exports of Denmark to Belgium have increased at an annualized rate of 5.39%,  from $1.62B in 2017 to $2.11B in 2022.

In 2020, Denmark exported services to Belgium worth $949M, with Transportation ($562M), Other business services ($216M), and Computer and information services ($53.3M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €203M and imported €125M from Denmark, resulting in a positive trade balance of €78.4M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-41.4M (-16.9%) from €245M to €203M, while imports decreased by €-13.2M (-9.56%) from €138M to €125M.

Trade In August 2024, the top exports of Belgium to Denmark were Cars, tractors, trucks & parts thereof. (€45.8M), Machinery, mechanical appliances, & parts (€19M), Oils seeds, oleaginous fruits, grains, straw... (€19M), Plastics & articles thereof (€18.1M), and Pharmaceutical products (€16.8M). In August 2024 the top imports of Belgium from Denmark were Cars, tractors, trucks & parts thereof. (€17.8M), Pharmaceutical products (€16.4M), Machinery, mechanical appliances, & parts (€13.4M), Non-knitted clothing accesories (€11.2M), and Electrical machinery and electronics (€8.91M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Pharmaceutical products (€-23.7M or -58.4%), Machinery, mechanical appliances, & parts (€-5.1M or -21.2%), and Plastics & articles thereof (€-3.4M or -15.9%). In August 2024, the decrease in Belgium's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Chemical products n.e.s. (€-2.03M or -59.1%), Glues, starches, & albuminoid products (€-1.46M or -30.1%), and Iron/Steel Articles (€-1.46M or -38.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-41.4M(-16.9%)
IMPORT GROWTH (August 2023 - August 2024)€-13.2M(-9.56%)

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 Denmark and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.62B to Denmark. The main products exported from Belgium to Denmark were Cars ($381M), Refined Petroleum ($306M), and Vaccines, blood, antisera, toxins and cultures ($241M). During the last 5 years the exports of Belgium to Denmark have increased at an annualized rate of 7.49%, from $2.53B in 2017 to $3.62B in 2022.

In 2017, Denmark exported $2.11B to Belgium. The main products exported from Denmark to Belgium were Packaged Medicaments ($170M), Cars ($109M), and Refined Petroleum ($102M). During the last 5 years the exports of Denmark to Belgium have increased at an annualized rate of 5.39%, from $1.62B in 2022 to $2.11B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Belgium than Denmark included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Denmark than Belgium included Norway ($6.53B), Sweden ($11.6B), and Iceland ($744M).

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

Comparative Advantage Belgium - Denmark

Flow
Scale

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

During 2022, Belgium had a large net trade with Denmark in the exports of Chemical Products ($718M), Transportation ($532M), and Machines ($521M).

During 2017, Denmark had a large net trade with Belgium in the exports of Chemical Products ($397M), Machines ($351M), and Textiles ($245M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Denmark+$69.4MPackaged Medicaments
Top Product Potential Denmark Belgium+$141MPackaged Medicaments

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 Denmark worth $1.14B, with Other business services ($485M), Transportation ($324M), and Computer and information services ($143M) being the largest in terms of value.

In 2020, Denmark exported services to Belgium worth $949M, with Transportation ($562M), Other business services ($216M), and Computer and information services ($53.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Denmark (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 Denmark. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Belgium.

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

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