Flag Belgium-Luxembourg / Canada Flag

Exports Flag β†’ Flag  (2018): $3.88B, Rnk 18 / 213

Top Product Flag β†’ Flag (2018): $800M, Hormones

Exports Flag β†’ Flag (2018): $3.28B, Rnk 10 / 212

Top Product Flag β†’ Flag (2018): $979M, Diamonds

Economic Complexity of Flag (2018): ECI 0.98, Rnk 25 / 137

GDP Flag (2018): $1.71T, CURRENT US$
Rnk 10 / 196

GDP GROWTH Flag (2008-2018): 10.6%, CURRENT US$
Rnk 141 / 196

GDP PC Flag (2018): $46,233, CURRENT US$
Rnk 20 / 196

GDP PC GROWTH Flag (2008-2018): -0.78%, CURRENT US$
Rnk 149 / 196

Belgium-Luxembourg-Canada: In 2018, Belgium-Luxembourg exported $3.88B to Canada. The main products exported from Belgium-Luxembourg to Canada were Hormones ($800M), Armored vehicles ($516M), and Packaged Medicaments ($442M). During the last 23 years the exports of Belgium-Luxembourg to Canada have increased at an annualized rate of 8.57%, from $585M in 1995 to $3.88B in 2018.

Canada-Belgium-Luxembourg: In 2018, Canada exported $3.28B to Belgium-Luxembourg. The main products exported from Canada to Belgium-Luxembourg were Diamonds ($979M), Packaged Medicaments ($382M), and Iron Ore ($248M). During the last 23 years the exports of Canada to Belgium-Luxembourg have increased at an annualized rate of 4.85%, from $1.1B in 1995 to $3.28B in 2018.

Comparison: In 2018, Belgium-Luxembourg ranked 10 in total exports ($442B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 25 in the Economic Complexity Index (ECI 0.98), and 12 in total exports ($431B). In terms of GDP Per Capita, Canada was ranked 20 with a GDP Per Capita of $46,233, while Belgium-Luxembourg has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, Belgium-Luxembourg exported $3.88B to Canada. The main products exported from Belgium-Luxembourg to Canada were Hormones ($800M), Armored vehicles ($516M), and Packaged Medicaments ($442M). During the last 23 years the exports of Belgium-Luxembourg to Canada have increased at an annualized rate of 8.57%, from $585M in 1995 to $3.88B in 2018.

In 2018, Canada exported $3.28B to Belgium-Luxembourg. The main products exported from Canada to Belgium-Luxembourg were Diamonds ($979M), Packaged Medicaments ($382M), and Iron Ore ($248M). During the last 23 years the exports of Canada to Belgium-Luxembourg have increased at an annualized rate of 4.85%, from $1.1B in 1995 to $3.28B in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Canada
Top Destination
: United States, $314B

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

In 2018, countries that imported more from Belgium-Luxembourg than Canada were Germany ($77.4B), France ($62.3B), and Netherlands ($57.5B).

In 2018, countries that imported more from Canada than Belgium-Luxembourg were United States ($314B), China ($21.5B), and Japan ($10.2B).

Comparative Advantage Belgium-Luxembourg - Canada

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Depth

This chart compares trade between Belgium-Luxembourg and Canada by product, considering products traded by both, Belgium-Luxembourg and Canada.

During 2018, Belgium-Luxembourg had a large net trade with Canada in the exports of Chemical Products ($1.68B), Transportation ($588M), and Mineral Products ($480M).

During 2018, Canada had a large net trade with Belgium-Luxembourg in the exports of Precious Metals ($985M), Chemical Products ($661M), and Mineral Products ($460M).

Trade Forecasts

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This section shows a forecast for total trade between Belgium-Luxembourg and Canada. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Belgium-Luxembourg has comparative advantage over Canada. Similarly, the more red a dot/product is, the more Canada has comparative advantage over Belgium-Luxembourg.