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2023
Flag → Flag
Exports $18.4BRnk 6 / 220
2023
Flag → Flag
Top Product $1.96BRefined Petroleum
2023
Flag → Flag
Exports $16.5BRnk 8 / 223
2023
Flag → Flag
Top Product $4.55BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Belgium-United Kingdom Trade: In 2023, Belgium exported $18.4B to United Kingdom. The main products that Belgium exported to United Kingdom were Refined Petroleum ($1.96B), Cars ($1.52B), and Vaccines, blood, antisera, toxins and cultures ($1.21B). Over the past 5 years the exports of Belgium to United Kingdom have decreased at an annualized rate of 11.6%, from $34.1B in 2018 to $18.4B in 2023.

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 2023, United Kingdom exported $16.5B to Belgium. The main products that United Kingdom exported to Belgium were Petroleum Gas ($4.55B), Refined Petroleum ($2.74B), and Cars ($1.19B). Over the past 5 years the exports of United Kingdom to Belgium have increased at an annualized rate of 0.91%,  from $15.8B in 2018 to $16.5B in 2023.

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 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €2.12B and imported €743M from United Kingdom, resulting in a positive trade balance of €1.37B. Between October 2023 and October 2024 the exports of Belgium have increased by €20.4M (0.97%) from €2.1B to €2.12B, while imports decreased by €-391M (-34.5%) from €1.13B to €743M.

Trade In October 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 October 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 October 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 October 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 (October 2023 - October 2024)€20.4M(0.97%)
IMPORT GROWTH (October 2023 - October 2024)€-391M(-34.5%)

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 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 2023, Belgium exported $18.4B to United Kingdom. The main products exported from Belgium to United Kingdom were Refined Petroleum ($1.96B), Cars ($1.52B), and Vaccines, blood, antisera, toxins and cultures ($1.21B). During the last 5 years the exports of Belgium to United Kingdom have decreased at an annualized rate of 11.6%, from $34.1B in 2018 to $18.4B in 2023.

In 2018, United Kingdom exported $16.5B to Belgium. The main products exported from United Kingdom to Belgium were Petroleum Gas ($4.55B), Refined Petroleum ($2.74B), and Cars ($1.19B). During the last 5 years the exports of United Kingdom to Belgium have increased at an annualized rate of 0.91%, from $15.8B in 2023 to $16.5B in 2018.

Exports from Belgium (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from United Kingdom than Belgium included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Belgium (Flag) (2023)

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 2023, Belgium had a large net trade with United Kingdom in the exports of Chemical Products ($3.18B), Transportation ($2.82B), and Mineral Products ($2.65B).

During 2018, United Kingdom had a large net trade with Belgium in the exports of Mineral Products ($8.31B), Chemical Products ($2.18B), and Transportation ($1.77B).

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) (2023)

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