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2022
Flag → Flag
Exports $745MRnk 52 / 222
2022
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Top Product $53.6MCars
2022
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Exports $503MRnk 20 / 200
2022
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Top Product $70.1MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.45Rnk 11 / 133
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$62.1BCURRENT US$
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2012-2022
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GDP GROWTH33.4%CURRENT US$
Rnk 92 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$29,457CURRENT US$
Rnk 39 / 186
2012-2022
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GDP PC GROWTH30.1%CURRENT US$
Rnk 63 / 186

About

Belgium-Slovenia Trade: In 2022, Belgium exported $745M to Slovenia. The main products that Belgium exported to Slovenia were Cars ($53.6M), Refined Petroleum ($37.5M), and Packaged Medicaments ($25.4M). Over the past 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 6.42%, from $546M in 2017 to $745M in 2022.

In 2020, Belgium exported services to Slovenia worth $118M, with Travel ($48M), Computer and information services ($32M), and Other business services ($20.6M) being the largest in terms of value.

Slovenia-Belgium Trade: In 2022, Slovenia exported $503M to Belgium. The main products that Slovenia exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($70.1M), Cars ($47.1M), and Packaged Medicaments ($34.9M). Over the past 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 2.7%,  from $440M in 2017 to $503M in 2022.

In 2020, Slovenia exported services to Belgium worth $172M, with Transportation ($61.9M), Construction services ($54.7M), and Other business services ($28.6M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €52M and imported €23.9M from Slovenia, resulting in a positive trade balance of €28.1M. Between July 2023 and July 2024 the exports of Belgium have increased by €11M (26.8%) from €41M to €52M, while imports decreased by €-1.75M (-6.83%) from €25.7M to €23.9M.

Trade In July 2024, the top exports of Belgium to Slovenia were Cars, tractors, trucks & parts thereof. (€8.51M), Plastics & articles thereof (€6.54M), Machinery, mechanical appliances, & parts (€5.41M), Organic chemicals (€5.23M), and Electrical machinery and electronics (€3.91M). In July 2024 the top imports of Belgium from Slovenia were Cars, tractors, trucks & parts thereof. (€11.5M), Pharmaceutical products (€5.28M), Plastics & articles thereof (€2.88M), Machinery, mechanical appliances, & parts (€1.74M), and Electrical machinery and electronics (€1.33M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Slovenia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€2.46M or 83.5%), Plastics & articles thereof (€2.4M or 57.9%), and Cars, tractors, trucks & parts thereof. (€2.05M or 31.7%). In July 2024, the decrease in Belgium's year-by-year imports  from Slovenia was explained primarily by an decrease in product imports  in Machinery, mechanical appliances, & parts (€-1.15M or -39.9%), Glues, starches, & albuminoid products (€-241k or -99.4%), and Electrical machinery and electronics (€-237k or -15.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€11M(26.8%)
IMPORT GROWTH (July 2023 - July 2024)€-1.75M(-6.83%)

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 Slovenia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovenia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $745M to Slovenia. The main products exported from Belgium to Slovenia were Cars ($53.6M), Refined Petroleum ($37.5M), and Packaged Medicaments ($25.4M). During the last 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 6.42%, from $546M in 2017 to $745M in 2022.

In 2017, Slovenia exported $503M to Belgium. The main products exported from Slovenia to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($70.1M), Cars ($47.1M), and Packaged Medicaments ($34.9M). During the last 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 2.7%, from $440M in 2022 to $503M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Slovenia
Top DestinationSwitzerland$9.92B

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

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

In 2022, countries that imported more from Slovenia than Belgium included Switzerland ($9.92B), Croatia ($4.68B), and Serbia ($1.54B).

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

Comparative Advantage Belgium - Slovenia

Flow
Scale

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

During 2022, Belgium had a large net trade with Slovenia in the exports of Chemical Products ($182M), Plastics and Rubbers ($99.6M), and Machines ($95.8M).

During 2017, Slovenia had a large net trade with Belgium in the exports of Transportation ($120M), Chemical Products ($83.6M), and Machines ($80.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Slovenia+$42MRefined Petroleum
Top Product Potential Slovenia Belgium+$57.3MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Belgium exported services to Slovenia worth $118M, with Travel ($48M), Computer and information services ($32M), and Other business services ($20.6M) being the largest in terms of value.

In 2020, Slovenia exported services to Belgium worth $172M, with Transportation ($61.9M), Construction services ($54.7M), and Other business services ($28.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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