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2023
Flag → Flag
Exports $249MRnk 78 / 220
2023
Flag → Flag
Top Product $65.1MLooms
2023
Flag → Flag
Exports $28MRnk 29 / 130
2023
Flag → Flag
Top Product $11.8MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Belgium-Iran Trade: In 2023, Belgium exported $249M to Iran. The main products that Belgium exported to Iran were Looms ($65.1M), Orthopedic Appliances ($51.7M), and Raw Tobacco ($21.6M). Over the past 5 years the exports of Belgium to Iran have decreased at an annualized rate of 9.03%, from $400M in 2018 to $249M in 2023.

In 2003, Belgium exported services to Iran worth $7.58M, with Other business services ($2.53M), Transportation ($1.26M), and Government services, n.i.e. ($1.26M) being the largest in terms of value.

Iran-Belgium Trade: In 2023, Iran exported $28M to Belgium. The main products that Iran exported to Belgium were Packaged Medicaments ($11.8M), Ferroalloys ($7.22M), and Unglazed Ceramics ($3.38M). Over the past 5 years the exports of Iran to Belgium have decreased at an annualized rate of 8.58%,  from $43.9M in 2018 to $28M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €11.9M and imported €632k from Iran, resulting in a positive trade balance of €11.3M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-4.87M (-29%) from €16.8M to €11.9M, while imports increased by €124k (24.3%) from €508k to €632k.

Trade In October 2024, the top exports of Belgium to Iran were Machinery, mechanical appliances, & parts (€11M), Optical, photo, & film equipment; medical... (€3.64M), Pharmaceutical products (€1.26M), Oils seeds, oleaginous fruits, grains, straw... (€877k), and Cars, tractors, trucks & parts thereof. (€786k). In October 2024 the top imports of Belgium from Iran were Pharmaceutical products (€8.23M), Machinery, mechanical appliances, & parts (€355k), Plastics & articles thereof (€231k), Iron & steel (€181k), and Edible fruits, nuts & fruit peels (€133k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Iran was explained primarily by an decrease in product exports in Glass & glassware (€-474k or -74.4%), Inorganic chemicals (€-319k or -93.1%), and Food residues & wastes; animal fodder (€-192k or -56.5%). In October 2024, the increase in Belgium's year-by-year imports  from Iran was explained primarily by an increase in product imports  in Pharmaceutical products (€8.23M or 2.04M%), Machinery, mechanical appliances, & parts (€355k or 243k%), and Preparations of fish, crustacenas, & molluscs (€40.1k or 686%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-4.87M(-29%)
IMPORT GROWTH (October 2023 - October 2024)€124k(24.3%)

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 Iran and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $249M to Iran. The main products exported from Belgium to Iran were Looms ($65.1M), Orthopedic Appliances ($51.7M), and Raw Tobacco ($21.6M). During the last 5 years the exports of Belgium to Iran have decreased at an annualized rate of 9.03%, from $400M in 2018 to $249M in 2023.

In 2018, Iran exported $28M to Belgium. The main products exported from Iran to Belgium were Packaged Medicaments ($11.8M), Ferroalloys ($7.22M), and Unglazed Ceramics ($3.38M). During the last 5 years the exports of Iran to Belgium have decreased at an annualized rate of 8.58%, from $43.9M in 2023 to $28M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Belgium included Armenia ($597M), Pakistan ($943M), and Azerbaijan ($473M).

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

Comparative Advantage Belgium - Iran

Flow
Scale

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

During 2023, Belgium had a large net trade with Iran in the exports of Machines ($95.5M), Instruments ($74.6M), and Chemical Products ($37.7M).

During 2018, Iran had a large net trade with Belgium in the exports of Chemical Products ($11.8M), Metals ($7.24M), and Stone And Glass ($3.49M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Iran+$13.4MVaccines, blood, antisera, toxins and cultures
Top Product Potential Iran Belgium+$5.29MEthylene Polymers

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

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

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