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2022
Flag → Flag
Exports $1.58BRnk 38 / 222
2022
Flag → Flag
Top Product $747MDiamonds
2022
Flag → Flag
Exports $343MRnk 35 / 198
2022
Flag → Flag
Top Product $135MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Belgium-Hong Kong Trade: In 2022, Belgium exported $1.58B to Hong Kong. The main products that Belgium exported to Hong Kong were Diamonds ($747M), Packaged Medicaments ($171M), and Integrated Circuits ($75.5M). Over the past 5 years the exports of Belgium to Hong Kong have decreased at an annualized rate of 8.43%, from $2.45B in 2017 to $1.58B in 2022.

In 2020, Belgium exported services to Hong Kong worth $513M, with Transportation ($182M), Other business services ($147M), and Communications services ($132M) being the largest in terms of value.

Hong Kong-Belgium Trade: In 2022, Hong Kong exported $343M to Belgium. The main products that Hong Kong exported to Belgium were Diamonds ($135M), Integrated Circuits ($64.3M), and Non-Iron and Steel Slag, Ash and Residues ($13.5M). Over the past 5 years the exports of Hong Kong to Belgium have decreased at an annualized rate of 12%,  from $651M in 2017 to $343M in 2022.

In 2022, Hong Kong did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €55.6M and imported €19.3M from Hong Kong, resulting in a positive trade balance of €36.2M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-36.2M (-39.5%) from €91.8M to €55.6M, while imports increased by €9.52M (97.3%) from €9.78M to €19.3M.

Trade In August 2024, the top exports of Belgium to Hong Kong were Precious stones, metals, & pearls (€39.2M), Pharmaceutical products (€12.7M), Electrical machinery and electronics (€10.6M), Optical, photo, & film equipment; medical... (€2.7M), and Machinery, mechanical appliances, & parts (€2.3M). In August 2024 the top imports of Belgium from Hong Kong were Precious stones, metals, & pearls (€12M), Electrical machinery and electronics (€1.52M), Knitted clothing accesories (€486k), Plastics & articles thereof (€426k), and Optical, photo, & film equipment; medical... (€298k).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Precious stones, metals, & pearls (€-14.3M or -26.8%), Plastics & articles thereof (€-1.5M or -73.4%), and Optical, photo, & film equipment; medical... (€-1.28M or -32.1%). In August 2024, the increase in Belgium's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Knitted clothing accesories (€174k or 55.9%), Used clothes & textile articles (€93.5k or 19k%), and Machinery, mechanical appliances, & parts (€80.9k or 55.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-36.2M(-39.5%)
IMPORT GROWTH (August 2023 - August 2024)€9.52M(97.3%)

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 Hong Kong and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.58B to Hong Kong. The main products exported from Belgium to Hong Kong were Diamonds ($747M), Packaged Medicaments ($171M), and Integrated Circuits ($75.5M). During the last 5 years the exports of Belgium to Hong Kong have decreased at an annualized rate of 8.43%, from $2.45B in 2017 to $1.58B in 2022.

In 2017, Hong Kong exported $343M to Belgium. The main products exported from Hong Kong to Belgium were Diamonds ($135M), Integrated Circuits ($64.3M), and Non-Iron and Steel Slag, Ash and Residues ($13.5M). During the last 5 years the exports of Hong Kong to Belgium have decreased at an annualized rate of 12%, from $651M in 2022 to $343M in 2017.

Exports from Belgium (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Hong Kong
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from Hong Kong than Belgium included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Hong Kong

Flow
Scale

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

During 2022, Belgium had a large net trade with Hong Kong in the exports of Precious Metals ($788M), Chemical Products ($249M), and Machines ($196M).

During 2017, Hong Kong had a large net trade with Belgium in the exports of Precious Metals ($152M), Machines ($105M), and Plastics and Rubbers ($19.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Hong Kong+$46.5MIntegrated Circuits
Top Product Potential Hong Kong Belgium+$34.8MDiamonds

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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Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Hong Kong (Flag) (2022)

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