Belgium (BEL) and Slovenia (SVN) Trade | OEC - The Observatory of Economic Complexity

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Belgium-Slovenia In 2021, Belgium exported $638M to Slovenia. The main products that Belgium exported to Slovenia are Cars ($53.6M), Vaccines, blood, antisera, toxins and cultures ($23.9M), and Tractors ($21.6M). During the last 22 years the exports of Belgium to Slovenia have increased at an annualized rate of 6.36%, from $164M in 1999 to $638M in 2021.

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 In 2021, Slovenia exported $487M to Belgium. The main products that Slovenia exported to Belgium were Cars ($82.9M), Packaged Medicaments ($43.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($25.2M). During the last 22 years the exports of Slovenia to Belgium have increased at an annualized rate of 5.78%, from $142M in 1999 to $487M in 2021.

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 2021, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.42), and 57 in total exports ($46.7B).

Latest Trends

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January, 2023

About

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Overview In January 2023, Belgium exported €53.6M and imported €29.8M from Slovenia, resulting in a positive trade balance of €23.8M. Between January 2022 and January 2023 the exports of Belgium have increased by €10.5M (24.5%) from €43M to €53.6M, while imports increased by €4.54M (18%) from €25.2M to €29.8M.

Trade In January 2023, the top exports of Belgium to Slovenia were Organic chemicals (€6.67M), Cars, tractors, trucks & parts thereof. (€6.46M), Plastics & articles thereof (€4.14M), Machinery, mechanical appliances, & parts (€2.95M), and Iron & steel (€2.81M). In January 2023 the top imports of Belgium from Slovenia were Cars, tractors, trucks & parts thereof. (€9.7M), Machinery, mechanical appliances, & parts (€2.89M), Pharmaceutical products (€2.84M), Plastics & articles thereof (€1.95M), and Electrical machinery and electronics (€1.56M).

Growth In January 2023, the increase in Belgium's year-by-year exports to Slovenia was explained primarily by an increase in product exports in Organic chemicals (€5.12M or 330%), Iron & steel (€2.31M or 458%), and Chemical products n.e.s. (€2.26M or 1.05k%). In January 2023, the increase in Belgium's year-by-year imports from Slovenia was explained primarily by an increase in product imports in Cars, tractors, trucks & parts thereof. (€5.95M or 158%), Machinery, mechanical appliances, & parts (€2.01M or 228%), and Iron or steel articles (€738k or 248%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2022 - January 2023): €10.5M, (24.5%)

IMPORT GROWTH (January 2022 - January 2023): €4.54M, (18%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Belgium exported $638M to Slovenia. The main products exported from Belgium to Slovenia were Cars ($53.6M), Vaccines, blood, antisera, toxins and cultures ($23.9M), and Tractors ($21.6M). During the last 22 years the exports of Belgium to Slovenia have increased at an annualized rate of 6.36%, from $164M in 1999 to $638M in 2021.

In 2021, Slovenia exported $487M to Belgium. The main products exported from Slovenia to Belgium were Cars ($82.9M), Packaged Medicaments ($43.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($25.2M). During the last 22 years the exports of Slovenia to Belgium have increased at an annualized rate of 5.78%, from $142M in 1999 to $487M in 2021.

Market Competitiveness

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Color

SectionYear

Belgium
Top Destination: Germany, $62.7B

Slovenia
Top Destination: Germany, $8.13B

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 2021, countries that imported more from Belgium than Slovenia were France ($59.9B), Germany ($62.7B), and Netherlands ($50.4B).

In 2021, countries that imported more from Slovenia than Belgium were Croatia ($3.64B), Serbia ($1.4B), and Bosnia and Herzegovina ($962M).

Comparative Advantage Belgium - Slovenia

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Flow

Scale

Year

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

During 2021, Belgium had a large net trade with Slovenia in the exports of Chemical Products ($137M), Plastics and Rubbers ($94.9M), and Machines ($93.4M).

During 2021, Slovenia had a large net trade with Belgium in the exports of Transportation ($114M), Chemical Products ($81.7M), and Machines ($73.4M).

Service Trade

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Bilateral Service Trade

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Svn YearBel Year

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.

Economic Complexity

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Competitive Landscape

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Year

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 Slovenia. Similarly, the more yellow a dot/product is, the more Slovenia has comparative advantage over Belgium.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Slovenia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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