2022
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GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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About

Belgium-Italy In 2022, Belgium exported $22.5B to Italy. The main products that Belgium exported to Italy are Packaged Medicaments ($2.9B), Vaccines, blood, antisera, toxins and cultures ($2.08B), and Cars ($740M). During the last 23 years the exports of Belgium to Italy have increased at an annualized rate of 3.82%, from $9.51B in 1999 to $22.5B in 2022.

In 2020, Belgium exported services to Italy worth $2.83B, with Other business services ($1.04B), Transportation ($716M), and Computer and information services ($545M) being the largest in terms of value.

Italy-Belgium In 2022, Italy exported $23.2B to Belgium. The main products that Italy exported to Belgium were Packaged Medicaments ($8.88B), Vaccines, blood, antisera, toxins and cultures ($1.4B), and Cars ($577M). During the last 23 years the exports of Italy to Belgium have increased at an annualized rate of 5.77%, from $6.38B in 1999 to $23.2B in 2022.

In 2020, Italy exported services to Belgium worth $2.19B, with Other business services ($1.21B), Travel ($640M), and Computer and information services ($140M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $22.5B to Italy. The main products exported from Belgium to Italy were Packaged Medicaments ($2.9B), Vaccines, blood, antisera, toxins and cultures ($2.08B), and Cars ($740M). During the last 23 years the exports of Belgium to Italy have increased at an annualized rate of 3.82%, from $9.51B in 1999 to $22.5B in 2022.

In 2022, Italy exported $23.2B to Belgium. The main products exported from Italy to Belgium were Packaged Medicaments ($8.88B), Vaccines, blood, antisera, toxins and cultures ($1.4B), and Cars ($577M). During the last 23 years the exports of Italy to Belgium have increased at an annualized rate of 5.77%, from $6.38B in 1999 to $23.2B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Italy
Top Destination
Germany$78.5B

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

In 2021, countries that imported more from Belgium than Italy were Netherlands ($65.7B), Germany ($91.9B), and France ($71.1B).

In 2021, countries that imported more from Italy than Belgium were United States ($68.2B), Switzerland ($27.8B), and Spain ($32.8B).

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

Comparative Advantage Belgium - Italy

Flow
Scale

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

During 2022, Belgium had a large net trade with Italy in the exports of Chemical Products ($8.64B), Plastics and Rubbers ($2.62B), and Machines ($2.54B).

During 2022, Italy had a large net trade with Belgium in the exports of Chemical Products ($11.7B), Machines ($2.82B), and Transportation ($1.42B).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Italy worth $2.83B, with Other business services ($1.04B), Transportation ($716M), and Computer and information services ($545M) being the largest in terms of value.

In 2020, Italy exported services to Belgium worth $2.19B, with Other business services ($1.21B), Travel ($640M), and Computer and information services ($140M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Belgium (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Belgium.

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

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