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Pricing

2022
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Exports $8.82BRnk 9 / 222
2022
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Top Product $6.02BVaccines, blood, antisera, toxins and cultures
2022
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Exports $6.8BRnk 20 / 211
2022
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Top Product $1.48BMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.99Rnk 1 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Belgium-Japan In 2022, Belgium exported $8.82B to Japan. The main products that Belgium exported to Japan are Vaccines, blood, antisera, toxins and cultures ($6.02B), Packaged Medicaments ($615M), and Cars ($266M). During the last 23 years the exports of Belgium to Japan have increased at an annualized rate of 6.59%, from $2.04B in 1999 to $8.82B in 2022.

In 2020, Belgium exported services to Japan worth $1.08B, with Other business services ($535M), Royalties and license fees ($234M), and Transportation ($167M) being the largest in terms of value.

Japan-Belgium In 2022, Japan exported $6.8B to Belgium. The main products that Japan exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.48B), Cars ($1.19B), and Medical Instruments ($285M). During the last 23 years the exports of Japan to Belgium have increased at an annualized rate of 1.39%, from $4.95B in 1999 to $6.8B in 2022.

In 2009, Japan exported services to Belgium worth $4.62B, with Services not allocated ($2.31B), Other business services ($1.64B), and Royalties and license fees ($337M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €249M and imported €689M from Japan, resulting in a negative trade balance of €440M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-235M (-48.5%) from €484M to €249M, while imports decreased by €-9.19M (-1.32%) from €698M to €689M.

Trade In December 2023, the top exports of Belgium to Japan were Pharmaceutical products (€228M), Cars, tractors, trucks & parts thereof. (€23.4M), Optical, photo, & film equipment; medical... (€23M), Machinery, mechanical appliances, & parts (€15.2M), and Electrical machinery and electronics (€12.8M). In December 2023 the top imports of Belgium from Japan were Cars, tractors, trucks & parts thereof. (€495M), Machinery, mechanical appliances, & parts (€65.6M), Electrical machinery and electronics (€43.4M), Optical, photo, & film equipment; medical... (€33M), and Plastics & articles thereof (€19.8M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Japan was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-28.5M or -54.9%), Plastics & articles thereof (€-12.6M or -78.2%), and Organic chemicals (€-6.45M or -37.7%). In December 2023, the decrease in Belgium's year-by-year imports  from Japan was explained primarily by an decrease in product imports  in Cars, tractors, trucks & parts thereof. (€-51.2M or -9.36%), Pharmaceutical products (€-4.97M or -32.4%), and Electrical machinery and electronics (€-4.8M or -9.95%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-235M(-48.5%)
IMPORT GROWTH (December 2022 - December 2023)€-9.19M(-1.32%)

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 Japan and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $8.82B to Japan. The main products exported from Belgium to Japan were Vaccines, blood, antisera, toxins and cultures ($6.02B), Packaged Medicaments ($615M), and Cars ($266M). During the last 23 years the exports of Belgium to Japan have increased at an annualized rate of 6.59%, from $2.04B in 1999 to $8.82B in 2022.

In 2022, Japan exported $6.8B to Belgium. The main products exported from Japan to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.48B), Cars ($1.19B), and Medical Instruments ($285M). During the last 23 years the exports of Japan to Belgium have increased at an annualized rate of 1.39%, from $4.95B in 1999 to $6.8B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Japan
Top DestinationUnited States$137B

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

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

In 2021, countries that imported more from Japan than Belgium were China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Belgium - Japan

Flow
Scale

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

During 2022, Belgium had a large net trade with Japan in the exports of Chemical Products ($7.16B), Transportation ($331M), and Machines ($260M).

During 2022, Japan had a large net trade with Belgium in the exports of Transportation ($2.9B), Machines ($1.49B), and Chemical Products ($692M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Japan worth $1.08B, with Other business services ($535M), Royalties and license fees ($234M), and Transportation ($167M) being the largest in terms of value.

In 2009, Japan exported services to Belgium worth $4.62B, with Services not allocated ($2.31B), Other business services ($1.64B), and Royalties and license fees ($337M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Japan (Flag) to Belgium (Flag) (2009)

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 Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over Belgium.

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

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