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2023
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Exports $684MRnk 53 / 220
2023
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Top Product $36MCars
2023
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Exports $469MRnk 22 / 199
2023
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Top Product $109MMotor vehicles; parts and accessories (8701 to 8705)
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
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GDP GROWTH44.5%CURRENT US$
Rnk 88 / 195
2023
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GDP PC $54,701CURRENT US$
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2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$32,610CURRENT US$
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2013-2023
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GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195

About

Belgium-Slovenia Trade: In 2023, Belgium exported $684M to Slovenia. The main products that Belgium exported to Slovenia were Cars ($36M), Refined Petroleum ($32.3M), and Tractors ($29.5M). Over the past 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 4.42%, from $551M in 2018 to $684M in 2023.

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 2023, Slovenia exported $469M to Belgium. The main products that Slovenia exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($109M), Packaged Medicaments ($49.2M), and Cars ($27.5M). Over the past 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 6.17%,  from $348M in 2018 to $469M in 2023.

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 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €58.5M and imported €32.9M from Slovenia, resulting in a positive trade balance of €25.6M. Between October 2023 and October 2024 the exports of Belgium have increased by €3.54M (6.44%) from €54.9M to €58.5M, while imports increased by €2.69M (8.89%) from €30.2M to €32.9M.

Trade In October 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 October 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 October 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 October 2024, the increase in Belgium's year-by-year imports  from Slovenia was explained primarily by an increase in product imports  in Pharmaceutical products (€2.45M or 86.3%), Cars, tractors, trucks & parts thereof. (€1.78M or 18.3%), and Plastics & articles thereof (€926k or 47.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€3.54M(6.44%)
IMPORT GROWTH (October 2023 - October 2024)€2.69M(8.89%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $684M to Slovenia. The main products exported from Belgium to Slovenia were Cars ($36M), Refined Petroleum ($32.3M), and Tractors ($29.5M). During the last 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 4.42%, from $551M in 2018 to $684M in 2023.

In 2018, Slovenia exported $469M to Belgium. The main products exported from Slovenia to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($109M), Packaged Medicaments ($49.2M), and Cars ($27.5M). During the last 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 6.17%, from $348M in 2023 to $469M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Slovenia
Top DestinationSwitzerland$13.5B

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

In 2023, countries that imported more from Slovenia than Belgium included Switzerland ($13.5B), Croatia ($4.85B), and Bosnia and Herzegovina ($706M).

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

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 2023, Belgium had a large net trade with Slovenia in the exports of Chemical Products ($171M), Plastics and Rubbers ($95.2M), and Transportation ($86.7M).

During 2018, Slovenia had a large net trade with Belgium in the exports of Transportation ($144M), Chemical Products ($82.1M), and Machines ($73.7M).

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) (2023)

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