2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$19.1BCURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 47 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$3,789CURRENT US$
Rnk 123 / 186
2012-2022
Flag
GDP PC GROWTH
23.5%CURRENT US$
Rnk 75 / 186

About

Belgium-Palestine Trade: In 2022, Belgium exported $34.4M to Palestine. The main products that Belgium exported to Palestine were Other Processed Vegetables ($4.19M), Delivery Trucks ($3.92M), and Vaccines, blood, antisera, toxins and cultures ($3.35M). Over the past 5 years the exports of Belgium to Palestine have increased at an annualized rate of 17%, from $15.7M in 2017 to $34.4M in 2022.

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

Palestine-Belgium Trade: In 2022, Palestine exported $329k to Belgium. The main products that Palestine exported to Belgium were Tropical Fruits ($206k), Other Edible Preparations ($32.5k), and Pasta ($27.8k). Over the past 5 years the exports of Palestine to Belgium have increased at an annualized rate of 7.34%,  from $231k in 2017 to $329k in 2022.

In 2022, Palestine 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, Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $34.4M to Palestine. The main products exported from Belgium to Palestine were Other Processed Vegetables ($4.19M), Delivery Trucks ($3.92M), and Vaccines, blood, antisera, toxins and cultures ($3.35M). During the last 5 years the exports of Belgium to Palestine have increased at an annualized rate of 17%, from $15.7M in 2017 to $34.4M in 2022.

In 2017, Palestine exported $329k to Belgium. The main products exported from Palestine to Belgium were Tropical Fruits ($206k), Other Edible Preparations ($32.5k), and Pasta ($27.8k). During the last 5 years the exports of Palestine to Belgium have increased at an annualized rate of 7.34%, from $231k in 2022 to $329k in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Palestine
Top Destination
Israel$1.3B

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

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

In 2022, no countries were registered that imported more from Palestine than from Belgium.

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

Comparative Advantage Belgium - Palestine

Flow
Scale

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

During 2022, Belgium had a large net trade with Palestine in the exports of Chemical Products ($8.53M), Foodstuffs ($5.58M), and Transportation ($5.5M).

During 2017, Palestine had a large net trade with Belgium in the exports of Vegetable Products ($208k), Foodstuffs ($79.2k), and Instruments ($22.6k).

Economic Complexity

Competitive Landscape

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

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

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