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2023
Flag → Flag
Exports $1.9BRnk 35 / 220
2023
Flag → Flag
Top Product $651MDiamonds
2023
Flag → Flag
Exports $886MRnk 19 / 150
2023
Flag → Flag
Top Product $356MDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.28Rnk 19 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$514BCURRENT US$
Rnk 28 / 195
2013-2023
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GDP GROWTH72.6%CURRENT US$
Rnk 38 / 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$52,642CURRENT US$
Rnk 24 / 196
2013-2023
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GDP PC GROWTH42.5%CURRENT US$
Rnk 56 / 195

About

Belgium-Israel Trade: In 2023, Belgium exported $1.9B to Israel. The main products that Belgium exported to Israel were Diamonds ($651M), Cars ($181M), and Delivery Trucks ($166M). Over the past 5 years the exports of Belgium to Israel have decreased at an annualized rate of 9.57%, from $3.14B in 2018 to $1.9B in 2023.

In 2009, Belgium exported services to Israel worth $327M, with Services not allocated ($189M), Transportation ($80.7M), and Travel ($20.2M) being the largest in terms of value.

Israel-Belgium Trade: In 2023, Israel exported $886M to Belgium. The main products that Israel exported to Belgium were Diamonds ($356M), Medical Instruments ($57.8M), and Vaccines, blood, antisera, toxins and cultures ($55.6M). Over the past 5 years the exports of Israel to Belgium have decreased at an annualized rate of 1.47%,  from $954M in 2018 to $886M in 2023.

In 2012, Israel exported services to Belgium worth $88.8M, with Computer and information services ($88M) and Construction services ($761k) 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €158M and imported €59.1M from Israel, resulting in a positive trade balance of €98.5M. Between October 2023 and October 2024 the exports of Belgium have increased by €11.6M (7.92%) from €146M to €158M, while imports decreased by €-13.7M (-18.9%) from €72.9M to €59.1M.

Trade In October 2024, the top exports of Belgium to Israel were Precious stones, metals, & pearls (€62.2M), Cars, tractors, trucks & parts thereof. (€48.4M), Pharmaceutical products (€13.3M), Optical, photo, & film equipment; medical... (€9.75M), and Electrical machinery and electronics (€8.23M). In October 2024 the top imports of Belgium from Israel were Precious stones, metals, & pearls (€61.5M), Optical, photo, & film equipment; medical... (€8.4M), Pharmaceutical products (€6.78M), Plastics & articles thereof (€5.85M), and Electrical machinery and electronics (€4.29M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Israel was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€25.4M or 110%), Precious stones, metals, & pearls (€22.7M or 57.4%), and Optical, photo, & film equipment; medical... (€2.49M or 34.2%). In October 2024, the decrease in Belgium's year-by-year imports  from Israel was explained primarily by an decrease in product imports  in Organic chemicals (€-4.06M or -84.8%), Machinery, mechanical appliances, & parts (€-1.17M or -43.4%), and Leather articles (€-623k or -44.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€11.6M(7.92%)
IMPORT GROWTH (October 2023 - October 2024)€-13.7M(-18.9%)

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 Israel and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Israel and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $1.9B to Israel. The main products exported from Belgium to Israel were Diamonds ($651M), Cars ($181M), and Delivery Trucks ($166M). During the last 5 years the exports of Belgium to Israel have decreased at an annualized rate of 9.57%, from $3.14B in 2018 to $1.9B in 2023.

In 2018, Israel exported $886M to Belgium. The main products exported from Israel to Belgium were Diamonds ($356M), Medical Instruments ($57.8M), and Vaccines, blood, antisera, toxins and cultures ($55.6M). During the last 5 years the exports of Israel to Belgium have decreased at an annualized rate of 1.47%, from $954M in 2023 to $886M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Israel
Top DestinationUnited States$20.3B

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

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

In 2023, countries that imported more from Israel than Belgium included Ireland ($4.22B), Egypt ($2.23B), and Cyprus ($671M).

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

Comparative Advantage Belgium - Israel

Flow
Scale

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

During 2023, Belgium had a large net trade with Israel in the exports of Precious Metals ($664M), Transportation ($395M), and Chemical Products ($263M).

During 2018, Israel had a large net trade with Belgium in the exports of Precious Metals ($368M), Machines ($107M), and Chemical Products ($96.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Israel+$53.1MRefined Petroleum
Top Product Potential Israel Belgium+$25.1MMedical Instruments

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

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

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