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Pricing

2022
Flag → Flag
Exports $29BRnk 4 / 222
2022
Flag → Flag
Top Product $9.38BVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $30.7BRnk 15 / 219
2022
Flag → Flag
Top Product $2BPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Belgium-United States Trade: In 2022, Belgium exported $29B to United States. The main products that Belgium exported to United States were Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). Over the past 5 years the exports of Belgium to United States have increased at an annualized rate of 13.3%, from $15.5B in 2017 to $29B in 2022.

In 2020, Belgium exported services to United States worth $12.1B, with Other business services ($8.74B), Transportation ($918M), and Financial services ($694M) being the largest in terms of value.

United States-Belgium Trade: In 2022, United States exported $30.7B to Belgium. The main products that United States exported to Belgium were Packaged Medicaments ($2B), Petroleum Gas ($1.93B), and Vaccines, blood, antisera, toxins and cultures ($1.9B). Over the past 5 years the exports of United States to Belgium have increased at an annualized rate of 2.96%,  from $26.5B in 2017 to $30.7B in 2022.

In 2017, United States exported services to Belgium worth $5.78B, with Other business services ($2.23B), Royalties and license fees ($887M), and Travel ($743M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €1.97B and imported €1.59B from United States, resulting in a positive trade balance of €386M. Between August 2023 and August 2024 the exports of Belgium have increased by €62.4M (3.26%) from €1.91B to €1.97B, while imports decreased by €-244M (-13.3%) from €1.83B to €1.59B.

Trade In August 2024, the top exports of Belgium to United States were Pharmaceutical products (€892M), Cars, tractors, trucks & parts thereof. (€183M), Machinery, mechanical appliances, & parts (€173M), Precious stones, metals, & pearls (€141M), and Organic chemicals (€63.4M). In August 2024 the top imports of Belgium from United States were Pharmaceutical products (€1.24B), Mineral fuels, mineral oils and products... (€292M), Organic chemicals (€204M), Optical, photo, & film equipment; medical... (€136M), and Plastics & articles thereof (€119M).

Growth In August 2024, the increase in Belgium's year-by-year exports to United States was explained primarily by an increase in product exports in Pharmaceutical products (€379M or 73.8%), Machinery, mechanical appliances, & parts (€43.3M or 33.4%), and Precious stones, metals, & pearls (€22.6M or 19%). In August 2024, the decrease in Belgium's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Organic chemicals (€-56.3M or -21.7%), Precious stones, metals, & pearls (€-39M or -61.4%), and Plastics & articles thereof (€-11.4M or -8.74%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€62.4M(3.26%)
IMPORT GROWTH (August 2023 - August 2024)€-244M(-13.3%)

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 United States and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $29B to United States. The main products exported from Belgium to United States were Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). During the last 5 years the exports of Belgium to United States have increased at an annualized rate of 13.3%, from $15.5B in 2017 to $29B in 2022.

In 2017, United States exported $30.7B to Belgium. The main products exported from United States to Belgium were Packaged Medicaments ($2B), Petroleum Gas ($1.93B), and Vaccines, blood, antisera, toxins and cultures ($1.9B). During the last 5 years the exports of United States to Belgium have increased at an annualized rate of 2.96%, from $26.5B in 2022 to $30.7B in 2017.

Exports from Belgium (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Belgium than United States included France ($71.1B), Germany ($91.9B), and Luxembourg ($7.67B).

In 2022, countries that imported more from United States than Belgium included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - United States

Flow
Scale

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

During 2022, Belgium had a large net trade with United States in the exports of Chemical Products ($17.3B), Precious Metals ($2.75B), and Machines ($2.43B).

During 2017, United States had a large net trade with Belgium in the exports of Chemical Products ($10.5B), Mineral Products ($4.05B), and Plastics and Rubbers ($3.79B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium United States+$1.07BCars
Top Product Potential United States Belgium+$592MRefined Petroleum

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 United States. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and United States (Flag) (2022)

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