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2022
Flag → Flag
Exports $322MRnk 77 / 222
2022
Flag → Flag
Top Product $54.9MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $403MRnk 22 / 210
2022
Flag → Flag
Top Product $230MOther Fruits
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
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$247BCURRENT US$
Rnk 50 / 186
2012-2022
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GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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
Flag
GDP PC$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Belgium-New Zealand Trade: In 2022, Belgium exported $322M to New Zealand. The main products that Belgium exported to New Zealand were Vaccines, blood, antisera, toxins and cultures ($54.9M), Cars ($23.4M), and Packaged Medicaments ($19.6M). Over the past 5 years the exports of Belgium to New Zealand have increased at an annualized rate of 3.14%, from $276M in 2017 to $322M in 2022.

In 2020, Belgium exported services to New Zealand worth $94.8M, with Other business services ($82.2M), Transportation ($6.85M), and Computer and information services ($3.43M) being the largest in terms of value.

New Zealand-Belgium Trade: In 2022, New Zealand exported $403M to Belgium. The main products that New Zealand exported to Belgium were Other Fruits ($230M), Sheep and Goat Meat ($48.3M), and Apples and Pears ($18.9M). Over the past 5 years the exports of New Zealand to Belgium have increased at an annualized rate of 1.13%,  from $381M in 2017 to $403M in 2022.

In 2018, New Zealand exported services to Belgium worth $138M, with Travel ($94.6M), Royalties and license fees ($24.9M), and Other business services ($9.67M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €21.6M and imported €66.6M from New Zealand, resulting in a negative trade balance of €45M. Between July 2023 and July 2024 the exports of Belgium have increased by €2.48M (13%) from €19.1M to €21.6M, while imports increased by €49.3M (285%) from €17.3M to €66.6M.

Trade In July 2024, the top exports of Belgium to New Zealand were Pharmaceutical products (€7.2M), Machinery, mechanical appliances, & parts (€3.46M), Optical, photo, & film equipment; medical... (€2M), Plastics & articles thereof (€815k), and Cars, tractors, trucks & parts thereof. (€640k). In July 2024 the top imports of Belgium from New Zealand were Meat & edible offal (€2.86M), Pharmaceutical products (€811k), Edible products of animal origin, n.e.s. (€442k), Fish, crustaceans, & molluscs (€404k), and Food residues & wastes; animal fodder (€345k).

Growth In July 2024, the increase in Belgium's year-by-year exports to New Zealand was explained primarily by an increase in product exports in Pharmaceutical products (€4.5M or 167%), Machinery, mechanical appliances, & parts (€1.54M or 80.2%), and Optical, photo, & film equipment; medical... (€474k or 31%). In July 2024, the increase in Belgium's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Meat & edible offal (€2.25M or 367%), Pharmaceutical products (€810k or 85.3k%), and Electrical machinery and electronics (€180k or 15.9k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€2.48M(13%)
IMPORT GROWTH (July 2023 - July 2024)€49.3M(285%)

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 New Zealand and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $322M to New Zealand. The main products exported from Belgium to New Zealand were Vaccines, blood, antisera, toxins and cultures ($54.9M), Cars ($23.4M), and Packaged Medicaments ($19.6M). During the last 5 years the exports of Belgium to New Zealand have increased at an annualized rate of 3.14%, from $276M in 2017 to $322M in 2022.

In 2017, New Zealand exported $403M to Belgium. The main products exported from New Zealand to Belgium were Other Fruits ($230M), Sheep and Goat Meat ($48.3M), and Apples and Pears ($18.9M). During the last 5 years the exports of New Zealand to Belgium have increased at an annualized rate of 1.13%, from $381M in 2022 to $403M in 2017.

Exports from Belgium (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Belgium included China ($13.1B), Australia ($5.35B), and Indonesia ($1.33B).

Difference in imports from New Zealand (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - New Zealand

Flow
Scale

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

During 2022, Belgium had a large net trade with New Zealand in the exports of Chemical Products ($102M), Machines ($57.6M), and Transportation ($28.1M).

During 2017, New Zealand had a large net trade with Belgium in the exports of Vegetable Products ($252M), Animal Products ($78.4M), and Chemical Products ($20M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium New Zealand+$25.8MCars
Top Product Potential New Zealand Belgium+$6.43MConcentrated Milk

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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Bilateral Service Trade

In 2020, Belgium exported services to New Zealand worth $94.8M, with Other business services ($82.2M), Transportation ($6.85M), and Computer and information services ($3.43M) being the largest in terms of value.

In 2018, New Zealand exported services to Belgium worth $138M, with Travel ($94.6M), Royalties and license fees ($24.9M), and Other business services ($9.67M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to New Zealand (Flag) (2020)

Services Exports from New Zealand (Flag) to Belgium (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and New Zealand. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and New Zealand (Flag) (2022)

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