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Pricing

2022
Flag → Flag
Exports $348MRnk 74 / 222
2022
Flag → Flag
Top Product $64.6MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $5.51BRnk 6 / 139
2022
Flag → Flag
Top Product $5.37BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.15Rnk 71 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$237BCURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP GROWTH27%CURRENT US$
Rnk 105 / 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$88,046CURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP PC GROWTH-10.2%CURRENT US$
Rnk 163 / 186

About

Belgium-Qatar Trade: In 2022, Belgium exported $348M to Qatar. The main products that Belgium exported to Qatar were Vaccines, blood, antisera, toxins and cultures ($64.6M), Packaged Medicaments ($41.5M), and Gas Turbines ($20.9M). Over the past 5 years the exports of Belgium to Qatar have decreased at an annualized rate of 0.096%, from $350M in 2017 to $348M in 2022.

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

Qatar-Belgium Trade: In 2022, Qatar exported $5.51B to Belgium. The main products that Qatar exported to Belgium were Petroleum Gas ($5.37B), Ethylene Polymers ($53.8M), and Acyclic Hydrocarbons ($44.1M). Over the past 5 years the exports of Qatar to Belgium have increased at an annualized rate of 44.3%,  from $611M in 2017 to $5.51B in 2022.

In 2022, Qatar 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, Qatar ranked 71 in the Economic Complexity Index (ECI -0.15), and 38 in total exports ($119B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €16.6M and imported €97.7M from Qatar, resulting in a negative trade balance of €81.1M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-38.1M (-69.6%) from €54.8M to €16.6M, while imports increased by €59M (153%) from €38.7M to €97.7M.

Trade In August 2024, the top exports of Belgium to Qatar were Pharmaceutical products (€2.69M), Machinery, mechanical appliances, & parts (€1.31M), Perfumery & cosmetics (€1.23M), Chemical products n.e.s. (€739k), and Optical, photo, & film equipment; medical... (€724k). In August 2024 the top imports of Belgium from Qatar were Mineral fuels, mineral oils and products... (€740M), Organic chemicals (€7.88M), Plastics & articles thereof (€3.15M), Aluminum articles (€930k), and Chemical products n.e.s. (€400k).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Qatar was explained primarily by an decrease in product exports in Pharmaceutical products (€-944k or -26%), Cars, tractors, trucks & parts thereof. (€-698k or -69.7%), and Mineral fuels, mineral oils and products... (€-507k or -45.8%). In August 2024, the increase in Belgium's year-by-year imports  from Qatar was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€534M or 260%), Organic chemicals (€6.12M or 347%), and Machinery, mechanical appliances, & parts (€25.2k or 57.2k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-38.1M(-69.6%)
IMPORT GROWTH (August 2023 - August 2024)€59M(153%)

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 Qatar and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Qatar and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $348M to Qatar. The main products exported from Belgium to Qatar were Vaccines, blood, antisera, toxins and cultures ($64.6M), Packaged Medicaments ($41.5M), and Gas Turbines ($20.9M). During the last 5 years the exports of Belgium to Qatar have decreased at an annualized rate of 0.096%, from $350M in 2017 to $348M in 2022.

In 2017, Qatar exported $5.51B to Belgium. The main products exported from Qatar to Belgium were Petroleum Gas ($5.37B), Ethylene Polymers ($53.8M), and Acyclic Hydrocarbons ($44.1M). During the last 5 years the exports of Qatar to Belgium have increased at an annualized rate of 44.3%, from $611M in 2022 to $5.51B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Qatar
Top DestinationChina$21.1B

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

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

In 2022, countries that imported more from Qatar than Belgium included China ($21.1B), India ($17.4B), and South Korea ($10.6B).

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

Comparative Advantage Belgium - Qatar

Flow
Scale

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

During 2022, Belgium had a large net trade with Qatar in the exports of Chemical Products ($145M), Machines ($52.6M), and Foodstuffs ($28M).

During 2017, Qatar had a large net trade with Belgium in the exports of Mineral Products ($5.38B), Chemical Products ($65M), and Plastics and Rubbers ($53.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Qatar+$17MVaccines, blood, antisera, toxins and cultures
Top Product Potential Qatar Belgium+$21.8MRefined Petroleum

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

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

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