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Pricing

2022
Flag → Flag
Exports $439MRnk 68 / 222
2022
Flag → Flag
Top Product $65.2MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $138MRnk 35 / 156
2022
Flag → Flag
Top Product $52.7MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Belgium-Kuwait Trade: In 2022, Belgium exported $439M to Kuwait. The main products that Belgium exported to Kuwait were Vaccines, blood, antisera, toxins and cultures ($65.2M), Packaged Medicaments ($35.8M), and Other Pure Vegetable Oils ($32.7M). Over the past 5 years the exports of Belgium to Kuwait have increased at an annualized rate of 16.7%, from $203M in 2017 to $439M in 2022.

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

Kuwait-Belgium Trade: In 2022, Kuwait exported $138M to Belgium. The main products that Kuwait exported to Belgium were Refined Petroleum ($52.7M), Cyclic Hydrocarbons ($41.6M), and Acyclic Alcohols ($22.7M). Over the past 5 years the exports of Kuwait to Belgium have increased at an annualized rate of 28.3%,  from $39.7M in 2017 to $138M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

April, 2024

About

Overview In April 2024, Belgium exported €31.1M and imported €34.9M from Kuwait, resulting in a negative trade balance of €3.73M. Between April 2023 and April 2024 the exports of Belgium have increased by €16.1M (107%) from €15M to €31.1M, while imports increased by €1.38M (4.13%) from €33.5M to €34.9M.

Trade In April 2024, the top exports of Belgium to Kuwait were Pharmaceutical products (€7.82M), Cocoa & cocoa preparations (€1.2M), Edible products of animal origin, n.e.s. (€1.08M), Optical, photo, & film equipment; medical... (€938k), and Machinery, mechanical appliances, & parts (€922k). In April 2024 the top imports of Belgium from Kuwait were Plastics & articles thereof (€52.4k), Optical, photo, & film equipment; medical... (€20.3k), Footwear (€832), Non-knitted clothing accesories (€827), and Electrical machinery and electronics (€159).

Growth In April 2024, the increase in Belgium's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Pharmaceutical products (€6.98M or 825%), Iron & steel (€639k or 111k%), and Edible products of animal origin, n.e.s. (€574k or 114%). In April 2024, the increase in Belgium's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... (€19.6k or 2.86k%), Footwear (€653 or 365%), and Electrical machinery and electronics (€102 or 179%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (April 2023 - April 2024)€16.1M(107%)
IMPORT GROWTH (April 2023 - April 2024)€1.38M(4.13%)

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 Kuwait and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $439M to Kuwait. The main products exported from Belgium to Kuwait were Vaccines, blood, antisera, toxins and cultures ($65.2M), Packaged Medicaments ($35.8M), and Other Pure Vegetable Oils ($32.7M). During the last 5 years the exports of Belgium to Kuwait have increased at an annualized rate of 16.7%, from $203M in 2017 to $439M in 2022.

In 2017, Kuwait exported $138M to Belgium. The main products exported from Kuwait to Belgium were Refined Petroleum ($52.7M), Cyclic Hydrocarbons ($41.6M), and Acyclic Alcohols ($22.7M). During the last 5 years the exports of Kuwait to Belgium have increased at an annualized rate of 28.3%, from $39.7M in 2022 to $138M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Belgium included China ($24.3B), South Korea ($10.8B), and India ($15B).

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

Comparative Advantage Belgium - Kuwait

Flow
Scale

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

During 2022, Belgium had a large net trade with Kuwait in the exports of Chemical Products ($144M), Foodstuffs ($64.9M), and Transportation ($40.1M).

During 2017, Kuwait had a large net trade with Belgium in the exports of Chemical Products ($64.3M), Mineral Products ($52.7M), and Plastics and Rubbers ($11.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Kuwait+$24.5MVaccines, blood, antisera, toxins and cultures
Top Product Potential Kuwait Belgium+$85.8MRefined Petroleum

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

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

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