Flag Belgium / Ukraine Flag

2021
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Exports
: $727M, Rnk 52 / 221

2021
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Top Product
: $80M, Vaccines, blood, antisera, toxins and cultures

2021
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Exports
: $657M, Rnk 27 / 196

2021
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Top Product
: $234M, Rapeseed

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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Economic Complexity (ECI)
: ECI 0.49, Rnk 44 / 131

2021
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GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
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 GDP
: $200B, CURRENT US$
Rnk 51 / 182

2011-2021
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GDP GROWTH
: 18.2%, CURRENT US$
Rnk 111 / 182

2021
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GDP PC 
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

2021
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GDP PC
: $4,836, CURRENT US$
Rnk 103 / 182

2011-2021
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GDP PC GROWTH
: 30.5%, CURRENT US$
Rnk 58 / 182

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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

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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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.