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Pricing

2022
Flag → Flag
Exports $557MRnk 60 / 222
2022
Flag → Flag
Top Product $109MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $207MRnk 29 / 205
2022
Flag → Flag
Top Product $86MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Belgium-Philippines Trade: In 2022, Belgium exported $557M to Philippines. The main products that Belgium exported to Philippines were Vaccines, blood, antisera, toxins and cultures ($109M), Integrated Circuits ($91.5M), and Concentrated Milk ($53.2M). Over the past 5 years the exports of Belgium to Philippines have increased at an annualized rate of 4.46%, from $448M in 2017 to $557M in 2022.

In 2020, Belgium exported services to Philippines worth $17.1M, with Transportation ($9.14M), Other business services ($3.43M), and Computer and information services ($2.28M) being the largest in terms of value.

Philippines-Belgium Trade: In 2022, Philippines exported $207M to Belgium. The main products that Philippines exported to Belgium were Integrated Circuits ($86M), Shaving Products ($13.2M), and Raw Tobacco ($11.6M). Over the past 5 years the exports of Philippines to Belgium have decreased at an annualized rate of 11.5%,  from $380M in 2017 to $207M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €42.5M and imported €13.2M from Philippines, resulting in a positive trade balance of €29.3M. Between July 2023 and July 2024 the exports of Belgium have increased by €3.01M (7.61%) from €39.5M to €42.5M, while imports decreased by €-4.66M (-26.1%) from €17.8M to €13.2M.

Trade In July 2024, the top exports of Belgium to Philippines were Pharmaceutical products (€8.27M), Electrical machinery and electronics (€6.73M), Edible products of animal origin, n.e.s. (€5.61M), Preparations of vegetables, fruit, nuts or... (€2.01M), and Machinery, mechanical appliances, & parts (€1.19M). In July 2024 the top imports of Belgium from Philippines were Electrical machinery and electronics (€6.14M), Inorganic chemicals (€2.12M), Edible fruits, nuts & fruit peels (€870k), Plastics & articles thereof (€734k), and Optical, photo, & film equipment; medical... (€700k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Philippines was explained primarily by an increase in product exports in Edible products of animal origin, n.e.s. (€3.01M or 116%), Pharmaceutical products (€2.79M or 50.8%), and Preparations of vegetables, fruit, nuts or... (€1.24M or 163%). In July 2024, the decrease in Belgium's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-2.8M or -31.3%), Preparations of cereals, flour, starch or... (€-193k or -82.6%), and Preparations of fish, crustacenas, & molluscs (€-146k or -78.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€3.01M(7.61%)
IMPORT GROWTH (July 2023 - July 2024)€-4.66M(-26.1%)

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 Philippines and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $557M to Philippines. The main products exported from Belgium to Philippines were Vaccines, blood, antisera, toxins and cultures ($109M), Integrated Circuits ($91.5M), and Concentrated Milk ($53.2M). During the last 5 years the exports of Belgium to Philippines have increased at an annualized rate of 4.46%, from $448M in 2017 to $557M in 2022.

In 2017, Philippines exported $207M to Belgium. The main products exported from Philippines to Belgium were Integrated Circuits ($86M), Shaving Products ($13.2M), and Raw Tobacco ($11.6M). During the last 5 years the exports of Philippines to Belgium have decreased at an annualized rate of 11.5%, from $380M in 2022 to $207M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Belgium included Hong Kong ($12.6B), China ($15.3B), and Singapore ($7.07B).

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

Comparative Advantage Belgium - Philippines

Flow
Scale

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

During 2022, Belgium had a large net trade with Philippines in the exports of Chemical Products ($174M), Machines ($135M), and Animal Products ($100M).

During 2017, Philippines had a large net trade with Belgium in the exports of Machines ($114M), Chemical Products ($29.7M), and Foodstuffs ($22.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Philippines+$30.7MVaccines, blood, antisera, toxins and cultures
Top Product Potential Philippines Belgium+$77.1MIntegrated Circuits

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

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

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