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2023
Flag → Flag
Exports $9.34MRnk 166 / 220
2023
Flag → Flag
Top Product $1.13MMedical Instruments
2023
Flag → Flag
Exports $616kRnk 19 / 76
2023
Flag → Flag
Top Product $413kTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$17.4BCURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP GROWTH28.9%CURRENT US$
Rnk 117 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$3,372CURRENT US$
Rnk 140 / 196
2013-2023
Flag
GDP PC GROWTH1.72%CURRENT US$
Rnk 151 / 195

About

Belgium-Palestine Trade: In 2023, Belgium exported $9.34M to Palestine. The main products that Belgium exported to Palestine were Medical Instruments ($1.13M), Pesticides ($882k), and Vaccines, blood, antisera, toxins and cultures ($830k). Over the past 5 years the exports of Belgium to Palestine have decreased at an annualized rate of 18.6%, from $26.1M in 2018 to $9.34M in 2023.

In 2023, Belgium did not export any services to Palestine.

Palestine-Belgium Trade: In 2023, Palestine exported $616k to Belgium. The main products that Palestine exported to Belgium were Tropical Fruits ($413k), Pure Olive Oil ($111k), and Pasta ($31.9k). Over the past 5 years the exports of Palestine to Belgium have increased at an annualized rate of 35.6%,  from $134k in 2018 to $616k in 2023.

In 2023, Palestine did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Palestine ranked 189 in total exports ($189M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €1.18M and imported €32 from Palestine, resulting in a positive trade balance of €1.18M. Between October 2023 and October 2024 the exports of Belgium have increased by €649k (122%) from €532k to €1.18M, while imports decreased by €-668 (-95.4%) from €700 to €32.

Trade In October 2024, the top exports of Belgium to Palestine were Optical, photo, & film equipment; medical... (€195k), Carpets & textile floor covers (€81.7k), Preparations of cereals, flour, starch or... (€36.3k), Cars, tractors, trucks & parts thereof. (€24.6k), and Wood, wood articles, & charcoal (€18.6k). In October 2024 the top imports of Belgium from Palestine were Animal or vegetable fats, oils, &... (€18.5k).

Growth In October 2024, the increase in Belgium's year-by-year exports to Palestine was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€75.5k or 62.9%). In October 2024, the decrease in Belgium's year-by-year imports  from Palestine was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€649k(122%)
IMPORT GROWTH (October 2023 - October 2024)€-668(-95.4%)

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 Palestine and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Palestine and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $9.34M to Palestine. The main products exported from Belgium to Palestine were Medical Instruments ($1.13M), Pesticides ($882k), and Vaccines, blood, antisera, toxins and cultures ($830k). During the last 5 years the exports of Belgium to Palestine have decreased at an annualized rate of 18.6%, from $26.1M in 2018 to $9.34M in 2023.

In 2018, Palestine exported $616k to Belgium. The main products exported from Palestine to Belgium were Tropical Fruits ($413k), Pure Olive Oil ($111k), and Pasta ($31.9k). During the last 5 years the exports of Palestine to Belgium have increased at an annualized rate of 35.6%, from $134k in 2023 to $616k in 2018.

Exports from Belgium (Flag) to Palestine (Flag) (2023)

Exports from Palestine (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Palestine
Top DestinationJordan$96.6M

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 2023, countries that imported more from Belgium than Palestine included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, no countries were registered that imported more from Palestine than from Belgium.

Difference in imports from Palestine (Flag) and Belgium (Flag) (2023)

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 2023, Belgium had a large net trade with Palestine in the exports of Chemical Products ($2.82M), Instruments ($2.55M), and Foodstuffs ($1.61M).

During 2018, Palestine had a large net trade with Belgium in the exports of N/A.

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) (2023)

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