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Pricing

2022
Flag → Flag
Exports $29BRnk 4 / 222
2022
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Top Product $9.38BVaccines, blood, antisera, toxins and cultures
2022
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Exports $30.7BRnk 15 / 219
2022
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Top Product $2BPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Belgium-United States In 2022, Belgium exported $29B to United States. The main products that Belgium exported to United States are Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). During the last 23 years the exports of Belgium to United States have increased at an annualized rate of 5.12%, from $9.21B in 1999 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 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). During the last 23 years the exports of United States to Belgium have increased at an annualized rate of 4.22%, from $11.9B in 1999 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 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €1.8B and imported €1.85B from United States, resulting in a negative trade balance of €47.2M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-166M (-8.41%) from €1.97B to €1.8B, while imports increased by €202M (12.2%) from €1.65B to €1.85B.

Trade In December 2023, 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 December 2023 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 December 2023, the decrease in Belgium's year-by-year exports to United States was explained primarily by an decrease in product exports in Organic chemicals (€-167M or -72.5%), Plastics & articles thereof (€-45M or -58.3%), and Mineral fuels, mineral oils and products... (€-18.2M or -22.8%). In December 2023, the increase in Belgium's year-by-year imports  from United States was explained primarily by an increase in product imports  in Pharmaceutical products (€1.01B or 442%), Mineral fuels, mineral oils and products... (€134M or 84.7%), and Optical, photo, & film equipment; medical... (€29.8M or 28.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-166M(-8.41%)
IMPORT GROWTH (December 2022 - December 2023)€202M(12.2%)

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.

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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 23 years the exports of Belgium to United States have increased at an annualized rate of 5.12%, from $9.21B in 1999 to $29B in 2022.

In 2022, 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 23 years the exports of United States to Belgium have increased at an annualized rate of 4.22%, from $11.9B in 1999 to $30.7B in 2022.

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 2021, countries that imported more from Belgium than United States were France ($71.1B), Germany ($91.9B), and Luxembourg ($7.67B).

In 2021, countries that imported more from United States than Belgium were 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 2022, 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).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to United States (Flag) (2020)

Services Exports from United States (Flag) to Belgium (Flag) (2017)

Economic Complexity

Competitive Landscape

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

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

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