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2023
Flag → Flag
Exports $9.21BRnk 8 / 220
2023
Flag → Flag
Top Product $3.28BCars
2023
Flag → Flag
Exports $7.78BRnk 10 / 216
2023
Flag → Flag
Top Product $1.32BMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 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$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$55,517CURRENT US$
Rnk 19 / 196
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Belgium-Sweden Trade: In 2023, Belgium exported $9.21B to Sweden. The main products that Belgium exported to Sweden were Cars ($3.28B), Refined Petroleum ($359M), and Packaged Medicaments ($319M). Over the past 5 years the exports of Belgium to Sweden have increased at an annualized rate of 7.04%, from $6.56B in 2018 to $9.21B in 2023.

In 2020, Belgium exported services to Sweden worth $1.95B, with Other business services ($844M), Transportation ($643M), and Computer and information services ($255M) being the largest in terms of value.

Sweden-Belgium Trade: In 2023, Sweden exported $7.78B to Belgium. The main products that Sweden exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.32B), Combustion Engines ($835M), and Cars ($663M). Over the past 5 years the exports of Sweden to Belgium have increased at an annualized rate of 1.94%,  from $6.93B in 2018 to $7.78B in 2023.

In 2020, Sweden exported services to Belgium worth $978M, with Other business services ($405M), Transportation ($199M), and Computer and information services ($135M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €528M and imported €764M from Sweden, resulting in a negative trade balance of €236M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-121M (-18.6%) from €649M to €528M, while imports increased by €26.6M (3.61%) from €738M to €764M.

Trade In October 2024, the top exports of Belgium to Sweden were Cars, tractors, trucks & parts thereof. (€202M), Machinery, mechanical appliances, & parts (€51M), Pharmaceutical products (€28.4M), Plastics & articles thereof (€24.8M), and Electrical machinery and electronics (€23.7M). In October 2024 the top imports of Belgium from Sweden were Cars, tractors, trucks & parts thereof. (€193M), Machinery, mechanical appliances, & parts (€136M), Organic chemicals (€54.2M), Electrical machinery and electronics (€23.6M), and Mineral fuels, mineral oils and products... (€16.4M).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Beverages, spirits, & vinegar (€-5.91M or -74.5%), Iron & steel (€-5.06M or -23.5%), and Pharmaceutical products (€-4.29M or -13.1%). In October 2024, the increase in Belgium's year-by-year imports  from Sweden was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€55.2M or 40.1%), Organic chemicals (€17.7M or 48.4%), and Machinery, mechanical appliances, & parts (€15.7M or 13.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-121M(-18.6%)
IMPORT GROWTH (October 2023 - October 2024)€26.6M(3.61%)

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 Sweden and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $9.21B to Sweden. The main products exported from Belgium to Sweden were Cars ($3.28B), Refined Petroleum ($359M), and Packaged Medicaments ($319M). During the last 5 years the exports of Belgium to Sweden have increased at an annualized rate of 7.04%, from $6.56B in 2018 to $9.21B in 2023.

In 2018, Sweden exported $7.78B to Belgium. The main products exported from Sweden to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.32B), Combustion Engines ($835M), and Cars ($663M). During the last 5 years the exports of Sweden to Belgium have increased at an annualized rate of 1.94%, from $6.93B in 2023 to $7.78B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Sweden
Top DestinationGermany$18.4B

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

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

In 2023, countries that imported more from Sweden than Belgium included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

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

Comparative Advantage Belgium - Sweden

Flow
Scale

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

During 2023, Belgium had a large net trade with Sweden in the exports of Transportation ($3.88B), Chemical Products ($1.25B), and Machines ($1.19B).

During 2018, Sweden had a large net trade with Belgium in the exports of Machines ($2.55B), Transportation ($2.44B), and Chemical Products ($934M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Sweden+$125MRefined Petroleum
Top Product Potential Sweden Belgium+$152MCars

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 Sweden worth $1.95B, with Other business services ($844M), Transportation ($643M), and Computer and information services ($255M) being the largest in terms of value.

In 2020, Sweden exported services to Belgium worth $978M, with Other business services ($405M), Transportation ($199M), and Computer and information services ($135M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Sweden (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 Sweden. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Sweden (Flag) (2023)

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