Flag Belgium-Luxembourg / Ireland Flag

Exports FlagFlag  (2018): $2.78B, Rnk 27 / 213

Top Product FlagFlag (2018): $304M, Cars

Exports FlagFlag (2018): $17B, Rnk 3 / 201

Top Product FlagFlag (2018): $8.01B, Blood, antisera, vaccines, toxins and cultures

Economic Complexity of Flag (2018): ECI 1.35, Rnk 17 / 137

GDP Flag (2018): $382B, CURRENT US$
Rnk 30 / 196

GDP GROWTH Flag (2008-2018): 39.1%, CURRENT US$
Rnk 101 / 196

GDP PC Flag (2018): $78,806, CURRENT US$
Rnk 6 / 196

GDP PC GROWTH Flag (2008-2018): 28.6%, CURRENT US$
Rnk 85 / 196

Belgium-Luxembourg-Ireland: In 2018, Belgium-Luxembourg exported $2.78B to Ireland. The main products exported from Belgium-Luxembourg to Ireland were Cars ($304M), Blood, antisera, vaccines, toxins and cultures ($207M), and Unpackaged Medicaments ($158M). During the last 23 years the exports of Belgium-Luxembourg to Ireland have increased at an annualized rate of 7.26%, from $554M in 1995 to $2.78B in 2018.

Ireland-Belgium-Luxembourg: In 2018, Ireland exported $17B to Belgium-Luxembourg. The main products exported from Ireland to Belgium-Luxembourg were Blood, antisera, vaccines, toxins and cultures ($8.01B), Nitrogen Heterocyclic Compounds ($4.62B), and Packaged Medicaments ($1.56B). During the last 23 years the exports of Ireland to Belgium-Luxembourg have increased at an annualized rate of 10.3%, from $1.78B in 1995 to $17B 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.35), and 31 in total exports ($175B). In terms of GDP Per Capita, Ireland was ranked 6 with a GDP Per Capita of $78,806, 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 $2.78B to Ireland. The main products exported from Belgium-Luxembourg to Ireland were Cars ($304M), Blood, antisera, vaccines, toxins and cultures ($207M), and Unpackaged Medicaments ($158M). During the last 23 years the exports of Belgium-Luxembourg to Ireland have increased at an annualized rate of 7.26%, from $554M in 1995 to $2.78B in 2018.

In 2018, Ireland exported $17B to Belgium-Luxembourg. The main products exported from Ireland to Belgium-Luxembourg were Blood, antisera, vaccines, toxins and cultures ($8.01B), Nitrogen Heterocyclic Compounds ($4.62B), and Packaged Medicaments ($1.56B). During the last 23 years the exports of Ireland to Belgium-Luxembourg have increased at an annualized rate of 10.3%, from $1.78B in 1995 to $17B in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Ireland
Top Destination
: United States, $49.3B

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

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

In 2018, countries that imported more from Ireland than Belgium-Luxembourg were United States ($49.3B), Japan ($6.73B), and Switzerland ($8.74B).

Comparative Advantage Belgium-Luxembourg - Ireland

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Depth

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

During 2018, Belgium-Luxembourg had a large net trade with Ireland in the exports of Chemical Products ($1.08B), Transportation ($364M), and Machines ($249M).

During 2018, Ireland had a large net trade with Belgium-Luxembourg in the exports of Chemical Products ($15.4B), Instruments ($421M), and Machines ($382M).

Trade Forecasts

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