Flag Belgium / Spain Flag

2019
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Exports
: $10.8B, Rnk 7 / 219

2019
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Top Product
: $820M, Packaged Medicaments

2019
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Exports
: $9.75B, Rnk 8 / 219

2019
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Top Product
: $2.37B, Cars

2019
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Economic Complexity (ECI)
: ECI 1.34, Rnk 18 / 146

2019
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Economic Complexity (ECI)
: ECI 0.85, Rnk 36 / 146

2019
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GDP
: $533B, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP GROWTH
: 10.8%, CURRENT US$
Rnk 161 / 187

2019
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 GDP
: $1.39T, CURRENT US$
Rnk 14 / 187

2009-2019
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GDP GROWTH
: -6.2%, CURRENT US$
Rnk 179 / 187

2019
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GDP PC 
: $46,421, CURRENT US$
Rnk 19 / 187

2009-2019
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GDP PC GROWTH
: 4.12%, CURRENT US$
Rnk 147 / 187

2019
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GDP PC
: $29,600, CURRENT US$
Rnk 36 / 187

2009-2019
Flag
GDP PC GROWTH
: -7.62%, CURRENT US$
Rnk 174 / 187

Belgium-Spain In 2019, Belgium exported $10.8B to Spain. The main products that Belgium exported to Spain are Packaged Medicaments ($820M), Blood, antisera, vaccines, toxins and cultures ($580M), and Cars ($543M). During the last 20 years the exports of Belgium to Spain have increased at an annualized rate of 2.68%, from $6.35B in 1999 to $10.8B in 2019.

In 2018, Belgium exported services to Spain worth $1.79B, with Other business services ($697M), Transportation ($347M), and Computer and information services ($230M) being the largest in terms of value.

Spain-Belgium In 2019, Spain exported $9.75B to Belgium . The main products that Spain exported to Belgium were Cars ($2.37B), Refined Petroleum ($439M), and Delivery Trucks ($291M). During the last 20 years the exports of Spain to Belgium have increased at an annualized rate of 5.5%, from $3.34B in 1999 to $9.75B in 2019.

In 2019, Spain exported services to Belgium worth $2.57B, with Travel ($2.57B) being the largest in terms of value.

Comparison In 2019,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.34), and 12 in total exports ($411B). That same year, Spain ranked 36 in the Economic Complexity Index (ECI 0.85), and 16 in total exports ($319B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Belgium exported $10.8B to Spain. The main products exported from Belgium to Spain were Packaged Medicaments ($820M), Blood, antisera, vaccines, toxins and cultures ($580M), and Cars ($543M). During the last 20 years the exports of Belgium to Spain have increased at an annualized rate of 2.68%, from $6.35B in 1999 to $10.8B in 2019.

In 2019, Spain exported $9.75B to Belgium. The main products exported from Spain to Belgium were Cars ($2.37B), Refined Petroleum ($439M), and Delivery Trucks ($291M). During the last 20 years the exports of Spain to Belgium have increased at an annualized rate of 5.5%, from $3.34B in 1999 to $9.75B in 2019.

Belgium Exports

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Market Competitiveness

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Measure

Belgium
Top Destination
: Germany, $68.9B

Spain
Top Destination
: France, $47.4B

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 2019, countries that imported more from Belgium than Spain were Netherlands ($53.1B), Germany ($68.9B), and United Kingdom ($33.3B).

In 2019, countries that imported more from Spain than Belgium were Portugal ($25.8B), Morocco ($9.28B), and Italy ($25.5B).

Comparative Advantage Belgium - Spain

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Depth

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

During 2019, Belgium had a large net trade with Spain in the exports of Chemical Products ($3.02B), Machines ($1.2B), and Plastics and Rubbers ($1.18B).

During 2019, Spain had a large net trade with Belgium in the exports of Transportation ($3B), Chemical Products ($1.4B), and Mineral Products ($898M).

Bilateral Service Trade

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In 2018, Belgium exported services to Spain worth $1.79B, with Other business services ($697M), Transportation ($347M), and Computer and information services ($230M) being the largest in terms of value.

In 2019, Spain exported services to Belgium worth $2.57B, with Travel ($2.57B) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Spain. Similarly, the more red a dot/product is, the more Spain has comparative advantage over Belgium.