Flag Belgium-Luxembourg / Germany Flag

Exports Flag β†’ Flag  (2018): $77.4B, Rnk 1 / 213

Top Product Flag β†’ Flag (2018): $8.13B, Nitrogen Heterocyclic Compounds

Exports Flag β†’ Flag (2018): $59B, Rnk 10 / 216

Top Product Flag β†’ Flag (2018): $6.67B, Cars

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 196

GDP PC Flag (2018): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 196

Belgium-Luxembourg-Germany: In 2018, Belgium-Luxembourg exported $77.4B to Germany. The main products that Belgium-Luxembourg exported to Germany are Nitrogen Heterocyclic Compounds ($8.13B), Cars ($5.23B), and Refined Petroleum ($4.43B). During the last 23 years the exports of Belgium-Luxembourg to Germany have increased at an annualized rate of 4.31%, from $29.3B in 1995 to $77.4B in 2018.

In 2018, Belgium-Luxembourg did not exported services to Germany.

Germany-Belgium-Luxembourg: In 2018, Germany exported $59B to Belgium-Luxembourg . The main products that Germany exported to Belgium-Luxembourg were Cars ($6.67B), Vehicle Parts ($1.85B), and Packaged Medicaments ($1.62B). During the last 23 years the exports of Belgium-Luxembourg to Germany have increased at an annualized rate of 4.31%, from $29.3B in 1995 to $77.4B in 2018.

In 2018, Germany did not exported services to Belgium-Luxembourg.

Comparison: In 2018,  Belgium-Luxembourg ranked 10 in total exports ($442B), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T).

Bilateral Trade by Products

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Depth
Value

In 2018, Belgium-Luxembourg exported $77.4B to Germany. The main products exported from Belgium-Luxembourg to Germany were Nitrogen Heterocyclic Compounds ($8.13B), Cars ($5.23B), and Refined Petroleum ($4.43B). During the last 23 years the exports of Belgium-Luxembourg to Germany have increased at an annualized rate of 4.31%, from $29.3B in 1995 to $77.4B in 2018.

In 2018, Germany exported $59B to Belgium-Luxembourg. The main products exported from Germany to Belgium-Luxembourg were Cars ($6.67B), Vehicle Parts ($1.85B), and Packaged Medicaments ($1.62B). During the last 23 years the exports of Germany to Belgium-Luxembourg have increased at an annualized rate of 3.16%, from $28.9B in 1995 to $59B in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Germany
Top Destination
: United States, $132B

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

In 2018, countries that imported more from Belgium-Luxembourg than Germany were Nigeria ($3.37B), Togo ($1.59B), and Angola ($802M).

In 2018, countries that imported more from Germany than Belgium-Luxembourg were United States ($132B), China ($109B), and Austria ($70.4B).

Comparative Advantage Belgium-Luxembourg - Germany

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Depth

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

During 2018, Belgium-Luxembourg had a large net trade with Germany in the exports of Chemical Products ($23.6B), Metals ($10B), and Plastics and Rubbers ($8.22B).

During 2018, Germany had a large net trade with Belgium-Luxembourg in the exports of Machines ($10.7B), Transportation ($10.3B), and Chemical Products ($9.57B).

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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 Germany. Similarly, the more red a dot/product is, the more Germany has comparative advantage over Belgium-Luxembourg.