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2023
Flag → Flag
Exports $154MRnk 93 / 220
2023
Flag → Flag
Top Product $112MCoal Tar Oil
2023
Flag → Flag
Exports $40.1kRnk 45 / 88
2023
Flag → Flag
Top Product $14.3kCars
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 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

About

Belgium-Gibraltar Trade: In 2023, Belgium exported $154M to Gibraltar. The main products that Belgium exported to Gibraltar were Coal Tar Oil ($112M), Refined Petroleum ($26.7M), and Petroleum Gas ($13.4M). Over the past 5 years the exports of Belgium to Gibraltar have increased at an annualized rate of 1.2%, from $145M in 2018 to $154M in 2023.

In 2023, Belgium did not export any services to Gibraltar.

Gibraltar-Belgium Trade: In 2023, Gibraltar exported $40.1k to Belgium. The main products that Gibraltar exported to Belgium were Cars ($14.3k), Collector's Items ($13.2k), and Electrical Lighting and Signalling Equipment ($3.94k). Over the past 5 years the exports of Gibraltar to Belgium have decreased at an annualized rate of 71.9%,  from $22.9M in 2018 to $40.1k in 2023.

In 2023, Gibraltar did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Gibraltar ranked 177 in total exports ($296M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €257k and imported €25 from Gibraltar, resulting in a positive trade balance of €257k. Between November 2023 and November 2024 the exports of Belgium have decreased by €-1.1M (-81.1%) from €1.36M to €257k, while imports decreased by €-186 (-88.2%) from €211 to €25.

Trade In November 2024, the top exports of Belgium to Gibraltar were Mineral fuels, mineral oils and products... (€5.63M), Ships, boats, & floating structures (€110k), Animal or vegetable fats, oils, &... (€42.7k), Machinery, mechanical appliances, & parts (€36.4k), and Tobacco & substitutes (€24k). In November 2024 the top imports of Belgium from Gibraltar were Perfumery & cosmetics (€902), Art & antiques (€850), and Mineral fuels, mineral oils and products... (€20).

Growth In November 2024, the decrease in Belgium's year-by-year exports to Gibraltar was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-18.3M or -76.5%), Non-knitted clothing accesories (€-9.84k or -99.8%), and Beverages, spirits, & vinegar (€-8.18k or -46.4%). In November 2024, the decrease in Belgium's year-by-year imports  from Gibraltar was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-1.1M(-81.1%)
IMPORT GROWTH (November 2023 - November 2024)€-186(-88.2%)

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 Gibraltar and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gibraltar and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $154M to Gibraltar. The main products exported from Belgium to Gibraltar were Coal Tar Oil ($112M), Refined Petroleum ($26.7M), and Petroleum Gas ($13.4M). During the last 5 years the exports of Belgium to Gibraltar have increased at an annualized rate of 1.2%, from $145M in 2018 to $154M in 2023.

In 2018, Gibraltar exported $40.1k to Belgium. The main products exported from Gibraltar to Belgium were Cars ($14.3k), Collector's Items ($13.2k), and Electrical Lighting and Signalling Equipment ($3.94k). During the last 5 years the exports of Gibraltar to Belgium have decreased at an annualized rate of 71.9%, from $22.9M in 2023 to $40.1k in 2018.

Exports from Belgium (Flag) to Gibraltar (Flag) (2023)

Exports from Gibraltar (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Gibraltar
Top DestinationNetherlands$113M

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

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

In 2023, no countries were registered that imported more from Gibraltar than from Belgium.

Difference in imports from Gibraltar (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Gibraltar

Flow
Scale

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

During 2023, Belgium had a large net trade with Gibraltar in the exports of Mineral Products ($152M), Transportation ($530k), and Machines ($395k).

During 2018, Gibraltar had a large net trade with Belgium in the exports of Arts and Antiques ($15.5k), Transportation ($14.6k), and Machines ($4.84k).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Gibraltar (Flag) (2023)

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