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2022
Flag → Flag
Exports $334MRnk 75 / 222
2022
Flag → Flag
Top Product $82MPackaged Medicaments
2022
Flag → Flag
Exports $275MRnk 38 / 146
2022
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Top Product $129MLinseed
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI -0.17Rnk 73 / 133
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$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH6.07%CURRENT US$
Rnk 150 / 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$11,244CURRENT US$
Rnk 73 / 186
2012-2022
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GDP PC GROWTH-9.23%CURRENT US$
Rnk 161 / 186

About

Belgium-Kazakhstan Trade: In 2022, Belgium exported $334M to Kazakhstan. The main products that Belgium exported to Kazakhstan were Packaged Medicaments ($82M), Refined Petroleum ($32.6M), and Tractors ($22.7M). Over the past 5 years the exports of Belgium to Kazakhstan have increased at an annualized rate of 20.8%, from $130M in 2017 to $334M in 2022.

In 2022, Belgium did not export any services to Kazakhstan.

Kazakhstan-Belgium Trade: In 2022, Kazakhstan exported $275M to Belgium. The main products that Kazakhstan exported to Belgium were Linseed ($129M), Titanium ($38M), and Chromium Oxides and Hydroxides ($34.1M). Over the past 5 years the exports of Kazakhstan to Belgium have increased at an annualized rate of 9.23%,  from $177M in 2017 to $275M in 2022.

In 2022, Kazakhstan did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €54M and imported €10.2M from Kazakhstan, resulting in a positive trade balance of €43.8M. Between July 2023 and July 2024 the exports of Belgium have increased by €26.1M (93.7%) from €27.9M to €54M, while imports increased by €8.17M (407%) from €2.01M to €10.2M.

Trade In July 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 July 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 July 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 July 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 (July 2023 - July 2024)€26.1M(93.7%)
IMPORT GROWTH (July 2023 - July 2024)€8.17M(407%)

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 2022, Belgium exported $334M to Kazakhstan. The main products exported from Belgium to Kazakhstan were Packaged Medicaments ($82M), Refined Petroleum ($32.6M), and Tractors ($22.7M). During the last 5 years the exports of Belgium to Kazakhstan have increased at an annualized rate of 20.8%, from $130M in 2017 to $334M in 2022.

In 2017, Kazakhstan exported $275M to Belgium. The main products exported from Kazakhstan to Belgium were Linseed ($129M), Titanium ($38M), and Chromium Oxides and Hydroxides ($34.1M). During the last 5 years the exports of Kazakhstan to Belgium have increased at an annualized rate of 9.23%, from $177M in 2022 to $275M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Kazakhstan
Top DestinationChina$13.4B

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 2022, countries that imported more from Belgium than Kazakhstan included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Kazakhstan than Belgium included China ($13.4B), Russia ($8.78B), and Uzbekistan ($3.68B).

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

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 2022, Belgium had a large net trade with Kazakhstan in the exports of Chemical Products ($143M), Machines ($57.1M), and Mineral Products ($33.8M).

During 2017, Kazakhstan had a large net trade with Belgium in the exports of Vegetable Products ($130M), Metals ($43.1M), and Mineral Products ($40.2M).

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) (2022)

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