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2022
Flag → Flag
Exports $71.1BRnk 2 / 222
2022
Flag → Flag
Top Product $11.1BPetroleum Gas
2022
Flag → Flag
Exports $47.8BRnk 4 / 219
2022
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Top Product $3.39BCars
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.3Rnk 16 / 133
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$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
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GDP GROWTH3.7%CURRENT US$
Rnk 157 / 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$40,964CURRENT US$
Rnk 26 / 186
2012-2022
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GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186

About

Belgium-France Trade: In 2022, Belgium exported $71.1B to France. The main products that Belgium exported to France were Petroleum Gas ($11.1B), Refined Petroleum ($3.29B), and Electricity ($3.21B). Over the past 5 years the exports of Belgium to France have increased at an annualized rate of 11.4%, from $41.5B in 2017 to $71.1B in 2022.

In 2020, Belgium exported services to France worth $12.1B, with Other business services ($5.13B), Transportation ($2.75B), and Travel ($1.48B) being the largest in terms of value.

France-Belgium Trade: In 2022, France exported $47.8B to Belgium. The main products that France exported to Belgium were Cars ($3.39B), Vaccines, blood, antisera, toxins and cultures ($2.72B), and Integrated Circuits ($2.67B). Over the past 5 years the exports of France to Belgium have increased at an annualized rate of 5.94%,  from $35.8B in 2017 to $47.8B in 2022.

In 2020, France exported services to Belgium worth $13.2B, with Other business services ($4.87B), Travel ($4.73B), and Transportation ($1.99B) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €3.13B and imported €2.62B from France, resulting in a positive trade balance of €519M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-38.3M (-1.21%) from €3.17B to €3.13B, while imports decreased by €-636M (-19.6%) from €3.25B to €2.62B.

Trade In August 2024, the top exports of Belgium to France were Mineral fuels, mineral oils and products... (€521M), Pharmaceutical products (€337M), Cars, tractors, trucks & parts thereof. (€328M), Machinery, mechanical appliances, & parts (€289M), and Iron & steel (€280M). In August 2024 the top imports of Belgium from France were Mineral fuels, mineral oils and products... (€531M), Cars, tractors, trucks & parts thereof. (€459M), Electrical machinery and electronics (€372M), Pharmaceutical products (€275M), and Machinery, mechanical appliances, & parts (€172M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to France was explained primarily by an decrease in product exports in Pharmaceutical products (€-119M or -26.1%), Organic chemicals (€-71.5M or -42.5%), and Iron & steel (€-27.7M or -9.01%). In August 2024, the decrease in Belgium's year-by-year imports  from France was explained primarily by an decrease in product imports  in Iron & steel (€-90.6M or -38.9%), Mineral fuels, mineral oils and products... (€-79.4M or -13%), and Pharmaceutical products (€-32.8M or -10.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-38.3M(-1.21%)
IMPORT GROWTH (August 2023 - August 2024)€-636M(-19.6%)

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 France and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore France and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $71.1B to France. The main products exported from Belgium to France were Petroleum Gas ($11.1B), Refined Petroleum ($3.29B), and Electricity ($3.21B). During the last 5 years the exports of Belgium to France have increased at an annualized rate of 11.4%, from $41.5B in 2017 to $71.1B in 2022.

In 2017, France exported $47.8B to Belgium. The main products exported from France to Belgium were Cars ($3.39B), Vaccines, blood, antisera, toxins and cultures ($2.72B), and Integrated Circuits ($2.67B). During the last 5 years the exports of France to Belgium have increased at an annualized rate of 5.94%, from $35.8B in 2022 to $47.8B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
France
Top DestinationGermany$78.3B

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

In 2022, countries that imported more from Belgium than France included Netherlands ($65.7B), Germany ($91.9B), and Nigeria ($7.72B).

In 2022, countries that imported more from France than Belgium included Spain ($46.4B), Italy ($56.4B), and United States ($50B).

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

Comparative Advantage Belgium - France

Flow
Scale

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

During 2022, Belgium had a large net trade with France in the exports of Mineral Products ($18.4B), Chemical Products ($11.8B), and Metals ($7.25B).

During 2017, France had a large net trade with Belgium in the exports of Chemical Products ($9.25B), Machines ($6.74B), and Transportation ($5.7B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium France+$2.03BRefined Petroleum
Top Product Potential France Belgium+$987MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Belgium exported services to France worth $12.1B, with Other business services ($5.13B), Transportation ($2.75B), and Travel ($1.48B) being the largest in terms of value.

In 2020, France exported services to Belgium worth $13.2B, with Other business services ($4.87B), Travel ($4.73B), and Transportation ($1.99B) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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