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Pricing

2022
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Exports $2.8BRnk 27 / 222
2022
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Top Product $244MCopper Wire
2022
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Exports $1.92BRnk 15 / 196
2022
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Top Product $185MInsulated Wire
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.05Rnk 22 / 124
2022
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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$301BCURRENT US$
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2012-2022
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GDP GROWTH68.2%CURRENT US$
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2022
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GDP PC $49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH77.9%CURRENT US$
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About

Belgium-Romania In 2022, Belgium exported $2.8B to Romania. The main products that Belgium exported to Romania are Copper Wire ($244M), Packaged Medicaments ($199M), and Cars ($144M). During the last 23 years the exports of Belgium to Romania have increased at an annualized rate of 11.8%, from $216M in 1999 to $2.8B in 2022.

In 2020, Belgium exported services to Romania worth $553M, with Other business services ($182M), Travel ($128M), and Computer and information services ($112M) being the largest in terms of value.

Romania-Belgium In 2022, Romania exported $1.92B to Belgium. The main products that Romania exported to Belgium were Insulated Wire ($185M), Cars ($164M), and Rapeseed ($138M). During the last 23 years the exports of Romania to Belgium have increased at an annualized rate of 10.7%, from $187M in 1999 to $1.92B in 2022.

In 2020, Romania exported services to Belgium worth $1.06B, with Transportation ($551M), Other business services ($202M), and Computer and information services ($148M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €180M and imported €131M from Romania, resulting in a positive trade balance of €49.6M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-28.7M (-13.7%) from €209M to €180M, while imports increased by €17.5M (15.4%) from €113M to €131M.

Trade In December 2023, the top exports of Belgium to Romania were Cars, tractors, trucks & parts thereof. (€33.7M), Copper articles (€21.2M), Pharmaceutical products (€18M), Electrical machinery and electronics (€17.7M), and Plastics & articles thereof (€12.3M). In December 2023 the top imports of Belgium from Romania were Electrical machinery and electronics (€33.3M), Cars, tractors, trucks & parts thereof. (€12.9M), Machinery, mechanical appliances, & parts (€10.6M), Furniture, bedding, lamps, & prefab buildings (€8.07M), and Pharmaceutical products (€5.08M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Romania was explained primarily by an decrease in product exports in Tobacco & substitutes (€-1.66M or -97.2%), Pharmaceutical products (€-1.32M or -6.82%), and Wool & animal hair (€-427k or -94.1%). In December 2023, the increase in Belgium's year-by-year imports  from Romania was explained primarily by an increase in product imports  in Furniture, bedding, lamps, & prefab buildings (€4.87M or 152%), Plastics & articles thereof (€2.11M or 255%), and Non-knitted clothing accesories (€1.56M or 332%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-28.7M(-13.7%)
IMPORT GROWTH (December 2022 - December 2023)€17.5M(15.4%)

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 Romania and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $2.8B to Romania. The main products exported from Belgium to Romania were Copper Wire ($244M), Packaged Medicaments ($199M), and Cars ($144M). During the last 23 years the exports of Belgium to Romania have increased at an annualized rate of 11.8%, from $216M in 1999 to $2.8B in 2022.

In 2022, Romania exported $1.92B to Belgium. The main products exported from Romania to Belgium were Insulated Wire ($185M), Cars ($164M), and Rapeseed ($138M). During the last 23 years the exports of Romania to Belgium have increased at an annualized rate of 10.7%, from $187M in 1999 to $1.92B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Romania
Top DestinationGermany$18.8B

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

In 2021, countries that imported more from Belgium than Romania were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Romania than Belgium were Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

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

Comparative Advantage Belgium - Romania

Flow
Scale

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

During 2022, Belgium had a large net trade with Romania in the exports of Chemical Products ($551M), Metals ($448M), and Machines ($431M).

During 2022, Romania had a large net trade with Belgium in the exports of Machines ($647M), Transportation ($276M), and Vegetable Products ($168M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Romania worth $553M, with Other business services ($182M), Travel ($128M), and Computer and information services ($112M) being the largest in terms of value.

In 2020, Romania exported services to Belgium worth $1.06B, with Transportation ($551M), Other business services ($202M), and Computer and information services ($148M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Romania (Flag) (2020)

Services Exports from Romania (Flag) to Belgium (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over Belgium.

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

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