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2022
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Exports $1.81BRnk 36 / 222
2022
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Top Product $171MCars
2022
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Exports $2.94BRnk 8 / 207
2022
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Top Product $624MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.39Rnk 11 / 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$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Belgium-Finland In 2022, Belgium exported $1.81B to Finland. The main products that Belgium exported to Finland are Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). During the last 23 years the exports of Belgium to Finland have increased at an annualized rate of 2.68%, from $985M in 1999 to $1.81B in 2022.

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

Finland-Belgium In 2022, Finland exported $2.94B to Belgium. The main products that Finland exported to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). During the last 23 years the exports of Finland to Belgium have increased at an annualized rate of 4.41%, from $1.09B in 1999 to $2.94B in 2022.

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) 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, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €127M and imported €116M from Finland, resulting in a positive trade balance of €11.4M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-20.1M (-13.7%) from €147M to €127M, while imports increased by €16.4M (16.5%) from €99.2M to €116M.

Trade In December 2023, the top exports of Belgium to Finland were Cars, tractors, trucks & parts thereof. (€25.6M), Machinery, mechanical appliances, & parts (€18.2M), Pharmaceutical products (€14.6M), Plastics & articles thereof (€12.1M), and Electrical machinery and electronics (€5.96M). In December 2023 the top imports of Belgium from Finland were Mineral fuels, mineral oils and products... (€80.7M), Paper articles (€10.1M), Machinery, mechanical appliances, & parts (€10M), Inorganic chemicals (€4.8M), and Ores, slag and ash (€4.72M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Finland was explained primarily by an decrease in product exports in Pharmaceutical products (€-10.9M or -42.7%), Mineral fuels, mineral oils and products... (€-8.15M or -85.5%), and Inorganic chemicals (€-1.63M or -43.7%). In December 2023, the increase in Belgium's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€42.6M or 112%), Ores, slag and ash (€4.31M or 1.03k%), and Nickel articles (€3.96M or 65.1k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-20.1M(-13.7%)
IMPORT GROWTH (December 2022 - December 2023)€16.4M(16.5%)

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 Finland and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.81B to Finland. The main products exported from Belgium to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). During the last 23 years the exports of Belgium to Finland have increased at an annualized rate of 2.68%, from $985M in 1999 to $1.81B in 2022.

In 2022, Finland exported $2.94B to Belgium. The main products exported from Finland to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). During the last 23 years the exports of Finland to Belgium have increased at an annualized rate of 4.41%, from $1.09B in 1999 to $2.94B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Finland
Top DestinationGermany$9.99B

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

In 2021, countries that imported more from Belgium than Finland were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Finland than Belgium were Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

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

Comparative Advantage Belgium - Finland

Flow
Scale

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

During 2022, Belgium had a large net trade with Finland in the exports of Chemical Products ($387M), Machines ($290M), and Plastics and Rubbers ($235M).

During 2022, Finland had a large net trade with Belgium in the exports of Mineral Products ($1.04B), Chemical Products ($517M), and Paper Goods ($436M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Finland (Flag) (2022)

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