Belgium (BEL) and Ukraine (UKR) Trade | OEC - The Observatory of Economic Complexity

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Belgium-Ukraine In 2021, Belgium exported $727M to Ukraine. The main products that Belgium exported to Ukraine are Vaccines, blood, antisera, toxins and cultures ($80M), Harvesting Machinery ($56.1M), and Packaged Medicaments ($44M). During the last 22 years the exports of Belgium to Ukraine have increased at an annualized rate of 6.84%, from $169M in 1999 to $727M in 2021.

In 2021, Belgium did not export any services to Ukraine.

Ukraine-Belgium In 2021, Ukraine exported $657M to Belgium. The main products that Ukraine exported to Belgium were Rapeseed ($234M), Corn ($133M), and Hot-Rolled Iron ($28.1M). During the last 22 years the exports of Ukraine to Belgium have increased at an annualized rate of 5.54%, from $200M in 1999 to $657M in 2021.

In 2021, Ukraine did not export any services to Belgium.

Comparison In 2021, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.49), and 47 in total exports ($69.1B).

Latest Trends

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April, 2023

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Overview In April 2023, Belgium exported €29.3M and imported €27.1M from Ukraine, resulting in a positive trade balance of €2.22M. Between April 2022 and April 2023 the exports of Belgium have increased by €17.7M (153%) from €11.6M to €29.3M, while imports increased by €15.5M (133%) from €11.6M to €27.1M.

Trade In April 2023, the top exports of Belgium to Ukraine were Machinery, mechanical appliances, & parts (€6.5M), Pharmaceutical products (€6.16M), Cars, tractors, trucks & parts thereof. (€5.42M), Chemical products n.e.s. (€5.18M), and Plastics & articles thereof (€3.79M). In April 2023 the top imports of Belgium from Ukraine were Cereals (€14M), Edible products of animal origin, n.e.s. (€4.76M), Oils seeds, oleaginous fruits, grains, straw... (€3.4M), Wood, wood articles, & charcoal (€2.91M), and Furniture, bedding, lamps, & prefab buildings (€2.09M).

Growth In April 2023, the increase in Belgium's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€3.79M or 139%), Cars, tractors, trucks & parts thereof. (€3M or 124%), and Pharmaceutical products (€2.74M or 79.9%). In April 2023, the increase in Belgium's year-by-year imports from Ukraine was explained primarily by an increase in product imports in Wood, wood articles, & charcoal (€1.26M or 76.7%), Furniture, bedding, lamps, & prefab buildings (€434k or 26.2%), and Iron or steel articles (€287k or 61.9%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (April 2022 - April 2023): €17.7M, (153%)

IMPORT GROWTH (April 2022 - April 2023): €15.5M, (133%)

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 Ukraine 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 $727M to Ukraine. The main products exported from Belgium to Ukraine were Vaccines, blood, antisera, toxins and cultures ($80M), Harvesting Machinery ($56.1M), and Packaged Medicaments ($44M). During the last 22 years the exports of Belgium to Ukraine have increased at an annualized rate of 6.84%, from $169M in 1999 to $727M in 2021.

In 2021, Ukraine exported $657M to Belgium. The main products exported from Ukraine to Belgium were Rapeseed ($234M), Corn ($133M), and Hot-Rolled Iron ($28.1M). During the last 22 years the exports of Ukraine to Belgium have increased at an annualized rate of 5.54%, from $200M in 1999 to $657M in 2021.

Market Competitiveness

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Color

SectionYear

Belgium
Top Destination: Germany, $62.7B

Ukraine
Top Destination: China, $8.09B

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

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

In 2021, countries that imported more from Ukraine than Belgium were Belarus ($1.47B), China ($8.09B), and Moldova ($840M).

Comparative Advantage Belgium - Ukraine

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Flow

Scale

Year

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

During 2021, Belgium had a large net trade with Ukraine in the exports of Chemical Products ($212M), Machines ($160M), and Transportation ($81.1M).

During 2021, Ukraine had a large net trade with Belgium in the exports of Vegetable Products ($386M), Metals ($60.6M), and Wood Products ($39.1M).

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Ukraine

Economic Complexity

Competitive Landscape

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