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2023
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Exports $334MRnk 73 / 220
2023
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Top Product $34.4MCoated Flat-Rolled Iron
2023
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Exports $390MRnk 14 / 192
2023
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Top Product $116MRefined Petroleum
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH62.2%CURRENT US$
Rnk 49 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$30,133CURRENT US$
Rnk 47 / 196
2013-2023
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GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195

About

Belgium-Estonia Trade: In 2023, Belgium exported $334M to Estonia. The main products that Belgium exported to Estonia were Coated Flat-Rolled Iron ($34.4M), Packaged Medicaments ($32.6M), and Coal Tar Oil ($11.9M). Over the past 5 years the exports of Belgium to Estonia have increased at an annualized rate of 1.53%, from $309M in 2018 to $334M in 2023.

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

Estonia-Belgium Trade: In 2023, Estonia exported $390M to Belgium. The main products that Estonia exported to Belgium were Refined Petroleum ($116M), Safety Glass ($65.7M), and Coal Tar Oil ($22.3M). Over the past 5 years the exports of Estonia to Belgium have increased at an annualized rate of 4.73%,  from $310M in 2018 to $390M in 2023.

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €47.5M and imported €22.5M from Estonia, resulting in a positive trade balance of €24.9M. Between October 2023 and October 2024 the exports of Belgium have increased by €17M (55.9%) from €30.4M to €47.5M, while imports increased by €2.62M (13.2%) from €19.9M to €22.5M.

Trade In October 2024, the top exports of Belgium to Estonia were Machinery, mechanical appliances, & parts (€5.59M), Electrical machinery and electronics (€3.52M), Edible fruits, nuts & fruit peels (€3.29M), Cars, tractors, trucks & parts thereof. (€3M), and Iron & steel (€1.66M). In October 2024 the top imports of Belgium from Estonia were Glass & glassware (€5.32M), Electrical machinery and electronics (€1.88M), Cars, tractors, trucks & parts thereof. (€1.69M), Wood, wood articles, & charcoal (€1.18M), and Mineral fuels, mineral oils and products... (€878k).

Growth In October 2024, the increase in Belgium's year-by-year exports to Estonia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€2.93M or 110%), Electrical machinery and electronics (€662k or 23.1%), and Organic chemicals (€302k or 363%). In October 2024, the increase in Belgium's year-by-year imports  from Estonia was explained primarily by an increase in product imports  in Electrical machinery and electronics (€1.17M or 166%), Glass & glassware (€772k or 16.9%), and Fish, Crustaceans & Molluscs (€494k or 7.43k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€17M(55.9%)
IMPORT GROWTH (October 2023 - October 2024)€2.62M(13.2%)

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 Estonia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Estonia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $334M to Estonia. The main products exported from Belgium to Estonia were Coated Flat-Rolled Iron ($34.4M), Packaged Medicaments ($32.6M), and Coal Tar Oil ($11.9M). During the last 5 years the exports of Belgium to Estonia have increased at an annualized rate of 1.53%, from $309M in 2018 to $334M in 2023.

In 2018, Estonia exported $390M to Belgium. The main products exported from Estonia to Belgium were Refined Petroleum ($116M), Safety Glass ($65.7M), and Coal Tar Oil ($22.3M). During the last 5 years the exports of Estonia to Belgium have increased at an annualized rate of 4.73%, from $310M in 2023 to $390M in 2018.

Exports from Belgium (Flag) to Estonia (Flag) (2023)

Exports from Estonia (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Estonia
Top DestinationFinland$2.71B

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

In 2023, countries that imported more from Belgium than Estonia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Estonia than Belgium included Latvia ($1.91B), Lithuania ($1.74B), and Finland ($2.71B).

Difference in imports from Estonia (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Estonia

Flow
Scale

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

During 2023, Belgium had a large net trade with Estonia in the exports of Chemical Products ($63M), Machines ($62.1M), and Metals ($60.6M).

During 2018, Estonia had a large net trade with Belgium in the exports of Mineral Products ($144M), Stone And Glass ($67.5M), and Machines ($32.8M).

Bilateral Service Trade

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Belgium (Flag) and Estonia (Flag) (2023)

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