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2022
Flag → Flag
Exports $721MRnk 53 / 222
2022
Flag → Flag
Top Product $102MConcentrated Milk
2022
Flag → Flag
Exports $1.67BRnk 28 / 216
2022
Flag → Flag
Top Product $260MTextile Footwear
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Belgium-Indonesia Trade: In 2022, Belgium exported $721M to Indonesia. The main products that Belgium exported to Indonesia were Concentrated Milk ($102M), Nonaqueous Paints ($46.9M), and Vaccines, blood, antisera, toxins and cultures ($45M). Over the past 5 years the exports of Belgium to Indonesia have increased at an annualized rate of 4.02%, from $592M in 2017 to $721M in 2022.

In 2020, Belgium exported services to Indonesia worth $61.7M, with Other business services ($29.7M), Communications services ($10.3M), and Transportation ($6.85M) being the largest in terms of value.

Indonesia-Belgium Trade: In 2022, Indonesia exported $1.67B to Belgium. The main products that Indonesia exported to Belgium were Textile Footwear ($260M), Rubber ($124M), and Hot-Rolled Iron ($102M). Over the past 5 years the exports of Indonesia to Belgium have increased at an annualized rate of 7.93%,  from $981M in 2017 to $1.67B in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €56.7M and imported €42.6M from Indonesia, resulting in a positive trade balance of €14.1M. Between July 2023 and July 2024 the exports of Belgium have increased by €19.1M (50.6%) from €37.7M to €56.7M, while imports decreased by €-18.6M (-30.4%) from €61.3M to €42.6M.

Trade In July 2024, the top exports of Belgium to Indonesia were Cars, tractors, trucks & parts thereof. (€24.1M), Pharmaceutical products (€9.42M), Machinery, mechanical appliances, & parts (€8.09M), Edible products of animal origin, n.e.s. (€7.85M), and Organic chemicals (€7.48M). In July 2024 the top imports of Belgium from Indonesia were Iron & steel (€4.81M), Furniture, bedding, lamps, & prefab buildings (€3.79M), Tobacco & substitutes (€3.18M), Wood, wood articles, & charcoal (€2.35M), and Non-knitted clothing accesories (€2.02M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€21.4M or 792%), Pharmaceutical products (€8.85M or 1.56k%), and Organic chemicals (€6.4M or 594%). In July 2024, the decrease in Belgium's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Iron & steel (€-11.2M or -69.9%), Rubber & articles thereof (€-9.52M or -92.9%), and Furniture, bedding, lamps, & prefab buildings (€-3.66M or -49.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€19.1M(50.6%)
IMPORT GROWTH (July 2023 - July 2024)€-18.6M(-30.4%)

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 Indonesia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $721M to Indonesia. The main products exported from Belgium to Indonesia were Concentrated Milk ($102M), Nonaqueous Paints ($46.9M), and Vaccines, blood, antisera, toxins and cultures ($45M). During the last 5 years the exports of Belgium to Indonesia have increased at an annualized rate of 4.02%, from $592M in 2017 to $721M in 2022.

In 2017, Indonesia exported $1.67B to Belgium. The main products exported from Indonesia to Belgium were Textile Footwear ($260M), Rubber ($124M), and Hot-Rolled Iron ($102M). During the last 5 years the exports of Indonesia to Belgium have increased at an annualized rate of 7.93%, from $981M in 2022 to $1.67B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Indonesia
Top DestinationChina$67.7B

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

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

In 2022, countries that imported more from Indonesia than Belgium included China ($67.7B), Japan ($26.6B), and India ($25.3B).

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

Comparative Advantage Belgium - Indonesia

Flow
Scale

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

During 2022, Belgium had a large net trade with Indonesia in the exports of Chemical Products ($234M), Animal Products ($118M), and Transportation ($97.1M).

During 2017, Indonesia had a large net trade with Belgium in the exports of Footwear and Headwear ($383M), Metals ($261M), and Plastics and Rubbers ($145M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Indonesia+$36.5MVaccines, blood, antisera, toxins and cultures
Top Product Potential Indonesia Belgium+$79.8MPetroleum Gas

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 Indonesia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Belgium.

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

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