Flag Belgium-Luxembourg / United Kingdom Flag

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

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

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

Top Product Flag โ†’ 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).

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.