2021
Flag  
GDP
$594BCURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP GROWTH
13.6%CURRENT US$
Rnk 131 / 204
2021
Flag
 GDP
$490BCURRENT US$
Rnk 26 / 204
2011-2021
Flag
GDP GROWTH
-2.21%CURRENT US$
Rnk 172 / 204
2021
Flag
GDP PC 
$51,268CURRENT US$
Rnk 25 / 204
2011-2021
Flag
GDP PC GROWTH
8.14%CURRENT US$
Rnk 122 / 204
2021
Flag
GDP PC
$90,655CURRENT US$
Rnk 7 / 204
2011-2021
Flag
GDP PC GROWTH
-10.4%CURRENT US$
Rnk 166 / 204

About

Belgium-Norway In 2021, Belgium exported $2.17B to Norway. The main products that Belgium exported to Norway are Cars ($566M), Vaccines, blood, antisera, toxins and cultures ($183M), and Delivery Trucks ($119M). During the last 22 years the exports of Belgium to Norway have increased at an annualized rate of 4.47%, from $827M in 1999 to $2.17B in 2021.

In 2020, Belgium exported services to Norway worth $509M, with Other business services ($211M), Transportation ($172M), and Insurance services ($46.8M) being the largest in terms of value.

Norway-Belgium In 2021, Norway exported $9.1B to Belgium. The main products that Norway exported to Belgium were Petroleum Gas ($7.7B), Refined Petroleum ($557M), and Acyclic Hydrocarbons ($122M). During the last 22 years the exports of Norway to Belgium have increased at an annualized rate of 9.8%, from $1.16B in 1999 to $9.1B in 2021.

In 2009, Norway exported services to Belgium worth $1.53B, with Other business services ($753M), Transportation ($549M), and Computer and information services ($79.8M) being the largest in terms of value.

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Belgium exported $2.17B to Norway. The main products exported from Belgium to Norway were Cars ($566M), Vaccines, blood, antisera, toxins and cultures ($183M), and Delivery Trucks ($119M). During the last 22 years the exports of Belgium to Norway have increased at an annualized rate of 4.47%, from $827M in 1999 to $2.17B in 2021.

In 2021, Norway exported $9.1B to Belgium. The main products exported from Norway to Belgium were Petroleum Gas ($7.7B), Refined Petroleum ($557M), and Acyclic Hydrocarbons ($122M). During the last 22 years the exports of Norway to Belgium have increased at an annualized rate of 9.8%, from $1.16B in 1999 to $9.1B in 2021.

Exports from Belgium (Flag) to Norway (Flag) (2021)

Exports from Norway (Flag) to Belgium (Flag) (2021)

Market Competitiveness

Color
Belgium
Top Destination
Germany$62.7B
Norway
Top Destination
United Kingdom$33.5B

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

In 2021, countries that imported more from Belgium than Norway were France ($59.9B), Netherlands ($50.4B), and Germany ($62.7B).

In 2021, countries that imported more from Norway than Belgium were United Kingdom ($33.5B), Sweden ($13.7B), and China ($9.5B).

Difference in imports from Norway (Flag) and Belgium (Flag) (2021)

Comparative Advantage Belgium - Norway

Flow
Scale

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

During 2021, Belgium had a large net trade with Norway in the exports of Transportation ($753M), Chemical Products ($455M), and Machines ($172M).

During 2021, Norway had a large net trade with Belgium in the exports of Mineral Products ($8.33B), Chemical Products ($213M), and Metals ($162M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Norway worth $509M, with Other business services ($211M), Transportation ($172M), and Insurance services ($46.8M) being the largest in terms of value.

In 2009, Norway exported services to Belgium worth $1.53B, with Other business services ($753M), Transportation ($549M), and Computer and information services ($79.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Norway (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 Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Norway (Flag) (2021)

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