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Pricing

2022
Flag → Flag
Exports $11.7BRnk 7 / 222
2022
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Top Product $1.2BVaccines, blood, antisera, toxins and cultures
2022
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Exports $11.3BRnk 9 / 218
2022
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Top Product $1.68BCars
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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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$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Belgium-Spain In 2022, Belgium exported $11.7B to Spain. The main products that Belgium exported to Spain are Vaccines, blood, antisera, toxins and cultures ($1.2B), Packaged Medicaments ($782M), and Cars ($710M). During the last 23 years the exports of Belgium to Spain have increased at an annualized rate of 2.67%, from $6.37B in 1999 to $11.7B in 2022.

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 2022, Spain exported $11.3B to Belgium. The main products that Spain exported to Belgium were Cars ($1.68B), Refined Petroleum ($1.08B), and Delivery Trucks ($469M). During the last 23 years the exports of Spain to Belgium have increased at an annualized rate of 5.36%, from $3.4B in 1999 to $11.3B in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €729M and imported €736M from Spain, resulting in a negative trade balance of €7.22M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-126M (-14.8%) from €855M to €729M, while imports increased by €18.9M (2.64%) from €717M to €736M.

Trade In December 2023, the top exports of Belgium to Spain were Pharmaceutical products (€165M), Cars, tractors, trucks & parts thereof. (€117M), Plastics & articles thereof (€66.8M), Machinery, mechanical appliances, & parts (€60.2M), and Iron & steel (€39.9M). In December 2023 the top imports of Belgium from Spain were Cars, tractors, trucks & parts thereof. (€246M), Copper articles (€36.5M), Edible vegetables, roots, & tubers (€32.9M), Chemical products n.e.s. (€29.8M), and Edible fruits, nuts & fruit peels (€29M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Spain was explained primarily by an decrease in product exports in Pharmaceutical products (€-105M or -38.9%), Inorganic chemicals (€-4.03M or -19.8%), and Animal or vegetable fats, oils, &... (€-3.7M or -39.9%). In December 2023, the increase in Belgium's year-by-year imports  from Spain was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€73.2M or 42.3%), Chemical products n.e.s. (€25.6M or 603%), and Copper articles (€17M or 87.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-126M(-14.8%)
IMPORT GROWTH (December 2022 - December 2023)€18.9M(2.64%)

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 Spain and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $11.7B to Spain. The main products exported from Belgium to Spain were Vaccines, blood, antisera, toxins and cultures ($1.2B), Packaged Medicaments ($782M), and Cars ($710M). During the last 23 years the exports of Belgium to Spain have increased at an annualized rate of 2.67%, from $6.37B in 1999 to $11.7B in 2022.

In 2022, Spain exported $11.3B to Belgium. The main products exported from Spain to Belgium were Cars ($1.68B), Refined Petroleum ($1.08B), and Delivery Trucks ($469M). During the last 23 years the exports of Spain to Belgium have increased at an annualized rate of 5.36%, from $3.4B in 1999 to $11.3B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Spain
Top DestinationFrance$65.2B

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 Germany ($91.9B), Netherlands ($65.7B), and United States ($29B).

In 2021, countries that imported more from Spain than Belgium were Portugal ($34.9B), Morocco ($12.1B), and Italy ($32.1B).

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

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 2022, Belgium had a large net trade with Spain in the exports of Chemical Products ($3.63B), Transportation ($1.49B), and Plastics and Rubbers ($1.08B).

During 2022, Spain had a large net trade with Belgium in the exports of Transportation ($2.9B), Mineral Products ($1.47B), and Chemical Products ($1.45B).

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) (2022)

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