Belgium (BEL) and Estonia (EST) Trade | The Observatory of Economic Complexity

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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 2023, Belgium did not export any services to Estonia.

Estonia-Belgium In N/A, Estonia did not export any products to Belgium.

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

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Overview In N/A, Belgium exported €N/A and imported €N/A from Estonia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Belgium have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Growth In N/A, the N/A in Belgium's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Iron & steel (€-6.76M or -80.3%), Edible fruits, nuts & fruit peels (€-4.39M or -57.2%), and Pharmaceutical products (€-2.44M or -92.6%). In N/A, the N/A in Belgium's year-by-year imports from Estonia was explained primarily by an decrease in product imports in Wood, wood articles, & charcoal (€-4.89M or -80.6%), Mineral fuels, mineral oils and products... (€-748k or -46%), and Plastics & articles thereof (€-138k or -24.2%).

Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Belgium () (2023)

Bilateral Service Trade

Est Year

Bel Year

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 Estonia () to Belgium () (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.

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Latest Trends

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Latest Trade

Historical Data

Market Competitiveness

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

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Estonia () (NaN)

About

Latest Trends

About

Latest Trade

Historical Data

Market Competitiveness

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

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Estonia () (NaN)

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