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2023
Flag → Flag
Exports $658MRnk 54 / 220
2023
Flag → Flag
Top Product $57.4MTractors
2023
Flag → Flag
Exports $383MRnk 22 / 193
2023
Flag → Flag
Top Product $123MRapeseed
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 0.39Rnk 47 / 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$179BCURRENT US$
Rnk 57 / 195
2013-2023
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GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 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$5,070CURRENT US$
Rnk 122 / 196
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Belgium-Ukraine Trade: In 2023, Belgium exported $658M to Ukraine. The main products that Belgium exported to Ukraine were Tractors ($57.4M), Electricity ($54.1M), and Pesticides ($47.4M). Over the past 5 years the exports of Belgium to Ukraine have increased at an annualized rate of 2.48%, from $582M in 2018 to $658M in 2023.

In 2023, Belgium did not export any services to Ukraine.

Ukraine-Belgium Trade: In 2023, Ukraine exported $383M to Belgium. The main products that Ukraine exported to Belgium were Rapeseed ($123M), Electricity ($55.3M), and Corn ($33.2M). Over the past 5 years the exports of Ukraine to Belgium have decreased at an annualized rate of 8.51%,  from $597M in 2018 to $383M in 2023.

In 2023, Ukraine did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €50.6M and imported €120M from Ukraine, resulting in a negative trade balance of €69M. Between October 2023 and October 2024 the exports of Belgium have increased by €2M (4.12%) from €48.6M to €50.6M, while imports increased by €75.5M (172%) from €44M to €120M.

Trade In October 2024, the top exports of Belgium to Ukraine were Chemical products n.e.s. (€8.02M), Cars, tractors, trucks & parts thereof. (€7.29M), Machinery, mechanical appliances, & parts (€4.28M), Plastics & articles thereof (€2.56M), and Beverages, spirits, & vinegar (€2.09M). In October 2024 the top imports of Belgium from Ukraine were Oils seeds, oleaginous fruits, grains, straw... (€20.5M), Cereals (€10.5M), Furniture, bedding, lamps, & prefab buildings (€2.93M), Wood, wood articles, & charcoal (€2.75M), and Unclassified (€1.01M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Chemical products n.e.s. (€2.84M or 54.8%), Cars, tractors, trucks & parts thereof. (€1.87M or 34.5%), and Beverages, spirits, & vinegar (€817k or 64.3%). In October 2024, the increase in Belgium's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€17.1M or 502%), Unclassified (€1.01M or 312k%), and Furniture, bedding, lamps, & prefab buildings (€843k or 40.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€2M(4.12%)
IMPORT GROWTH (October 2023 - October 2024)€75.5M(172%)

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.

For full datasets download visit Bulk Download page.

Explore Ukraine and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $658M to Ukraine. The main products exported from Belgium to Ukraine were Tractors ($57.4M), Electricity ($54.1M), and Pesticides ($47.4M). During the last 5 years the exports of Belgium to Ukraine have increased at an annualized rate of 2.48%, from $582M in 2018 to $658M in 2023.

In 2018, Ukraine exported $383M to Belgium. The main products exported from Ukraine to Belgium were Rapeseed ($123M), Electricity ($55.3M), and Corn ($33.2M). During the last 5 years the exports of Ukraine to Belgium have decreased at an annualized rate of 8.51%, from $597M in 2023 to $383M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Ukraine than Belgium included Moldova ($1.13B), Romania ($3.56B), and Azerbaijan ($204M).

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

Comparative Advantage Belgium - Ukraine

Flow
Scale

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

During 2023, Belgium had a large net trade with Ukraine in the exports of Chemical Products ($158M), Transportation ($146M), and Mineral Products ($88.5M).

During 2018, Ukraine had a large net trade with Belgium in the exports of Vegetable Products ($172M), Mineral Products ($69.4M), and Miscellaneous ($40.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Ukraine+$31.7MRefined Petroleum
Top Product Potential Ukraine Belgium+$20.5MCorn

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Ukraine. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Belgium.

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

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