2021
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GDP
$594BCURRENT US$
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2011-2021
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GDP GROWTH
13.6%CURRENT US$
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2021
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 GDP
$1.43TCURRENT US$
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2011-2021
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GDP GROWTH
-3.6%CURRENT US$
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2021
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GDP PC 
$51,268CURRENT US$
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2011-2021
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GDP PC GROWTH
8.14%CURRENT US$
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2021
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GDP PC
$30,104CURRENT US$
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2011-2021
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GDP PC GROWTH
-4.97%CURRENT US$
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About

Belgium-Spain In 2021, Belgium exported $10.7B to Spain. The main products that Belgium exported to Spain are Vaccines, blood, antisera, toxins and cultures ($1B), Packaged Medicaments ($865M), and Motor vehicles; parts and accessories (8701 to 8705) ($563M). During the last 22 years the exports of Belgium to Spain have increased at an annualized rate of 2.28%, from $6.51B in 1999 to $10.7B in 2021.

In 2020, Belgium exported services to Spain worth $1.92B, with Other business services ($810M), Transportation ($386M), and Computer and information services ($257M) being the largest in terms of value.

Spain-Belgium In 2021, Spain exported $15.3B to Belgium. The main products that Spain exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($4.31B), Cars ($2.28B), and Refined Petroleum ($787M). During the last 22 years the exports of Spain to Belgium have increased at an annualized rate of 7.08%, from $3.41B in 1999 to $15.3B in 2021.

In 2020, Spain exported services to Belgium worth $789M, with Travel ($789M) 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, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Belgium exported $10.7B to Spain. The main products exported from Belgium to Spain were Vaccines, blood, antisera, toxins and cultures ($1B), Packaged Medicaments ($865M), and Motor vehicles; parts and accessories (8701 to 8705) ($563M). During the last 22 years the exports of Belgium to Spain have increased at an annualized rate of 2.28%, from $6.51B in 1999 to $10.7B in 2021.

In 2021, Spain exported $15.3B to Belgium. The main products exported from Spain to Belgium were Vaccines, blood, antisera, toxins and cultures ($4.31B), Cars ($2.28B), and Refined Petroleum ($787M). During the last 22 years the exports of Spain to Belgium have increased at an annualized rate of 7.08%, from $3.41B in 1999 to $15.3B in 2021.

Exports from Belgium (Flag) to Spain (Flag) (2021)

Exports from Spain (Flag) to Belgium (Flag) (2021)

Market Competitiveness

Color
Belgium
Top Destination
Germany$62.7B
Spain
Top Destination
France$59B

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

In 2021, countries that imported more from Belgium than Spain were Netherlands ($50.4B), Germany ($62.7B), and United States ($24.7B).

In 2021, countries that imported more from Spain than Belgium were Portugal ($30.5B), Morocco ($11.1B), and Italy ($30.6B).

Difference in imports from Spain (Flag) and Belgium (Flag) (2021)

Comparative Advantage Belgium - Spain

Flow
Scale

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

During 2021, Belgium had a large net trade with Spain in the exports of Chemical Products ($3.37B), Transportation ($1.38B), and Machines ($1.06B).

During 2021, Spain had a large net trade with Belgium in the exports of Chemical Products ($5.2B), Transportation ($3.63B), and Mineral Products ($1.31B).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Spain worth $1.92B, with Other business services ($810M), Transportation ($386M), and Computer and information services ($257M) being the largest in terms of value.

In 2020, Spain exported services to Belgium worth $789M, with Travel ($789M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

Product Space of Belgium (Flag) and Spain (Flag) (2021)

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