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2023
Flag → Flag
Exports $346MRnk 72 / 220
2023
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Top Product $53.2MTractors
2023
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Exports $250MRnk 35 / 144
2023
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Top Product $87.7MLinseed
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI -0.18Rnk 71 / 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$263BCURRENT US$
Rnk 50 / 195
2013-2023
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GDP GROWTH11%CURRENT US$
Rnk 153 / 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$12,919CURRENT US$
Rnk 79 / 196
2013-2023
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GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

Belgium-Kazakhstan Trade: In 2023, Belgium exported $346M to Kazakhstan. The main products that Belgium exported to Kazakhstan were Tractors ($53.2M), Refined Petroleum ($39.9M), and Packaged Medicaments ($19.9M). Over the past 5 years the exports of Belgium to Kazakhstan have increased at an annualized rate of 12.8%, from $190M in 2018 to $346M in 2023.

In 2023, Belgium did not export any services to Kazakhstan.

Kazakhstan-Belgium Trade: In 2023, Kazakhstan exported $250M to Belgium. The main products that Kazakhstan exported to Belgium were Linseed ($87.7M), Chromium Oxides and Hydroxides ($41.3M), and Molybdenum Ore ($38.6M). Over the past 5 years the exports of Kazakhstan to Belgium have decreased at an annualized rate of 1.58%,  from $275M in 2018 to $250M in 2023.

In 2023, Kazakhstan 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, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €35.4M and imported €10.3M from Kazakhstan, resulting in a positive trade balance of €25.1M. Between October 2023 and October 2024 the exports of Belgium have increased by €3.81M (12.1%) from €31.5M to €35.4M, while imports increased by €3.69M (55.8%) from €6.61M to €10.3M.

Trade In October 2024, the top exports of Belgium to Kazakhstan were Pharmaceutical products (€22M), Machinery, mechanical appliances, & parts (€14.3M), Cars, tractors, trucks & parts thereof. (€4.77M), Mineral fuels, mineral oils and products... (€2.44M), and Optical, photo, & film equipment; medical... (€1.53M). In October 2024 the top imports of Belgium from Kazakhstan were Oils seeds, oleaginous fruits, grains, straw... (€3.12M), Ores, slag and ash (€1.1M), Unclassified (€231k), Cereals (€109k), and Iron & steel (€103k).

Growth In October 2024, the increase in Belgium's year-by-year exports to Kazakhstan was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€13.7M or 2k%), Pharmaceutical products (€8.37M or 61.2%), and Cars, tractors, trucks & parts thereof. (€4.75M or 22.3k%). In October 2024, the increase in Belgium's year-by-year imports  from Kazakhstan was explained primarily by an increase in product imports  in Iron & steel (€78.5k or 318%), Unclassified (€4.01k or 1.77%), and Perfumery & cosmetics (€80 or 2.67k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€3.81M(12.1%)
IMPORT GROWTH (October 2023 - October 2024)€3.69M(55.8%)

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 Kazakhstan and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kazakhstan and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $346M to Kazakhstan. The main products exported from Belgium to Kazakhstan were Tractors ($53.2M), Refined Petroleum ($39.9M), and Packaged Medicaments ($19.9M). During the last 5 years the exports of Belgium to Kazakhstan have increased at an annualized rate of 12.8%, from $190M in 2018 to $346M in 2023.

In 2018, Kazakhstan exported $250M to Belgium. The main products exported from Kazakhstan to Belgium were Linseed ($87.7M), Chromium Oxides and Hydroxides ($41.3M), and Molybdenum Ore ($38.6M). During the last 5 years the exports of Kazakhstan to Belgium have decreased at an annualized rate of 1.58%, from $275M in 2023 to $250M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Kazakhstan
Top DestinationChina$15.2B

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

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

In 2023, countries that imported more from Kazakhstan than Belgium included China ($15.2B), Russia ($9.78B), and Uzbekistan ($3.04B).

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

Comparative Advantage Belgium - Kazakhstan

Flow
Scale

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

During 2023, Belgium had a large net trade with Kazakhstan in the exports of Chemical Products ($91.7M), Machines ($69.4M), and Transportation ($66M).

During 2018, Kazakhstan had a large net trade with Belgium in the exports of Vegetable Products ($92.8M), Mineral Products ($46.6M), and Metals ($42.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Kazakhstan+$30.9MPackaged Medicaments
Top Product Potential Kazakhstan Belgium+$8.5MCoal Briquettes

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

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

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