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Pricing

2022
Flag → Flag
Exports $21.5BRnk 6 / 222
2022
Flag → Flag
Top Product $2.72BVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $24.2BRnk 7 / 224
2022
Flag → Flag
Top Product $6.22BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Belgium-United Kingdom Trade: In 2022, Belgium exported $21.5B to United Kingdom. The main products that Belgium exported to United Kingdom were Vaccines, blood, antisera, toxins and cultures ($2.72B), Cars ($1.36B), and Refined Petroleum ($1.1B). Over the past 5 years the exports of Belgium to United Kingdom have decreased at an annualized rate of 2.06%, from $23.8B in 2017 to $21.5B in 2022.

In 2020, Belgium exported services to United Kingdom worth $9.4B, with Other business services ($3.38B), Transportation ($2.44B), and Financial services ($1.04B) being the largest in terms of value.

United Kingdom-Belgium Trade: In 2022, United Kingdom exported $24.2B to Belgium. The main products that United Kingdom exported to Belgium were Petroleum Gas ($6.22B), Packaged Medicaments ($2.63B), and Refined Petroleum ($2.33B). Over the past 5 years the exports of United Kingdom to Belgium have increased at an annualized rate of 7.27%,  from $17B in 2017 to $24.2B in 2022.

In 2019, United Kingdom exported services to Belgium worth $4.74B, with Other business services ($2.8B), Travel ($737M), and Financial services ($560M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €1.61B and imported €1.01B from United Kingdom, resulting in a positive trade balance of €599M. Between August 2023 and August 2024 the exports of Belgium have increased by €48.4M (3.1%) from €1.56B to €1.61B, while imports decreased by €-58.9M (-5.51%) from €1.07B to €1.01B.

Trade In August 2024, the top exports of Belgium to United Kingdom were Cars, tractors, trucks & parts thereof. (€276M), Mineral fuels, mineral oils and products... (€226M), Pharmaceutical products (€194M), Precious stones, metals, & pearls (€136M), and Plastics & articles thereof (€109M). In August 2024 the top imports of Belgium from United Kingdom were Mineral fuels, mineral oils and products... (€791M), Cars, tractors, trucks & parts thereof. (€92.8M), Precious stones, metals, & pearls (€67M), Pharmaceutical products (€52.7M), and Machinery, mechanical appliances, & parts (€51.8M).

Growth In August 2024, the increase in Belgium's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€75.6M or 37.7%), Pharmaceutical products (€63.6M or 48.9%), and Precious stones, metals, & pearls (€37.4M or 37.9%). In August 2024, the decrease in Belgium's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Pharmaceutical products (€-101M or -65.8%), Paints, dyes, & varnishes (€-11.4M or -70.1%), and Iron & steel (€-10M or -54.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€48.4M(3.1%)
IMPORT GROWTH (August 2023 - August 2024)€-58.9M(-5.51%)

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 United Kingdom and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $21.5B to United Kingdom. The main products exported from Belgium to United Kingdom were Vaccines, blood, antisera, toxins and cultures ($2.72B), Cars ($1.36B), and Refined Petroleum ($1.1B). During the last 5 years the exports of Belgium to United Kingdom have decreased at an annualized rate of 2.06%, from $23.8B in 2017 to $21.5B in 2022.

In 2017, United Kingdom exported $24.2B to Belgium. The main products exported from United Kingdom to Belgium were Petroleum Gas ($6.22B), Packaged Medicaments ($2.63B), and Refined Petroleum ($2.33B). During the last 5 years the exports of United Kingdom to Belgium have increased at an annualized rate of 7.27%, from $17B in 2022 to $24.2B in 2017.

Exports from Belgium (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Belgium than United Kingdom included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from United Kingdom than Belgium included United States ($61.8B), Ireland ($32.6B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - United Kingdom

Flow
Scale

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

During 2022, Belgium had a large net trade with United Kingdom in the exports of Chemical Products ($5.14B), Transportation ($2.78B), and Foodstuffs ($2.17B).

During 2017, United Kingdom had a large net trade with Belgium in the exports of Mineral Products ($10.5B), Chemical Products ($4.97B), and Transportation ($2.08B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium United Kingdom+$601MCars
Top Product Potential United Kingdom Belgium+$424MCars

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 United Kingdom worth $9.4B, with Other business services ($3.38B), Transportation ($2.44B), and Financial services ($1.04B) being the largest in terms of value.

In 2019, United Kingdom exported services to Belgium worth $4.74B, with Other business services ($2.8B), Travel ($737M), and Financial services ($560M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Belgium (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and United Kingdom. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and United Kingdom (Flag) (2022)

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