Flag Belgium-Luxembourg / United Kingdom Flag

Exports Flag β†’ Flag  (2018): $36.7B, Rnk 4 / 213

Top Product Flag β†’ Flag (2018): $7.52B, Cars

Exports Flag β†’ Flag (2018): $20.1B, Rnk 8 / 217

Top Product Flag β†’ Flag (2018): $3.24B, Cars

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

Belgium-Luxembourg-United Kingdom: In 2018, Belgium-Luxembourg exported $36.7B to United Kingdom. The main products exported from Belgium-Luxembourg to United Kingdom were Cars ($7.52B), Packaged Medicaments ($2.32B), and Refined Petroleum ($1.84B). During the last 23 years the exports of Belgium-Luxembourg to United Kingdom have increased at an annualized rate of 4.64%, from $12.9B in 1995 to $36.7B in 2018.

United Kingdom-Belgium-Luxembourg: In 2018, United Kingdom exported $20.1B to Belgium-Luxembourg. The main products exported from United Kingdom to Belgium-Luxembourg were Cars ($3.24B), Refined Petroleum ($2.25B), and Petroleum Gas ($1.51B). During the last 23 years the exports of United Kingdom to Belgium-Luxembourg have increased at an annualized rate of 2.23%, from $12.1B in 1995 to $20.1B 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, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). In terms of GDP Per Capita, United Kingdom was ranked 22 with a GDP Per Capita of $42,944, 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 $36.7B to United Kingdom. The main products exported from Belgium-Luxembourg to United Kingdom were Cars ($7.52B), Packaged Medicaments ($2.32B), and Refined Petroleum ($1.84B). During the last 23 years the exports of Belgium-Luxembourg to United Kingdom have increased at an annualized rate of 4.64%, from $12.9B in 1995 to $36.7B in 2018.

In 2018, United Kingdom exported $20.1B to Belgium-Luxembourg. The main products exported from United Kingdom to Belgium-Luxembourg were Cars ($3.24B), Refined Petroleum ($2.25B), and Petroleum Gas ($1.51B). During the last 23 years the exports of United Kingdom to Belgium-Luxembourg have increased at an annualized rate of 2.23%, from $12.1B in 1995 to $20.1B in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

United Kingdom
Top Destination
: United States, $61.9B

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

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

In 2018, countries that imported more from United Kingdom than Belgium-Luxembourg were United States ($61.9B), Ireland ($27.4B), and Switzerland ($26.3B).

Comparative Advantage Belgium-Luxembourg - United Kingdom

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Depth

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

During 2018, Belgium-Luxembourg had a large net trade with United Kingdom in the exports of Transportation ($9.56B), Chemical Products ($7.19B), and Mineral Products ($3.02B).

During 2018, United Kingdom had a large net trade with Belgium-Luxembourg in the exports of Mineral Products ($4.16B), Transportation ($3.82B), and Chemical Products ($3.69B).

Tariff Section

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In 2018, Belgium-Luxembourg and United Kingdom don't have data regarding the tariffs applied to the products exported, given a no tariff policy, or don't having any tariff history reported whatsoever.

To explore the different product levels and year available with data, visit our Tariff Explorer Section.

Explore Tariff Data

Trade Forecasts

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This section shows a forecast for total trade between Belgium-Luxembourg and United Kingdom. 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 United Kingdom. Similarly, the more red a dot/product is, the more United Kingdom has comparative advantage over Belgium-Luxembourg.