2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Canada-Belgium Trade: In 2022, Canada exported $3.68B to Belgium. The main products that Canada exported to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). Over the past 5 years the exports of Canada to Belgium have increased at an annualized rate of 5.49%, from $2.82B in 2017 to $3.68B in 2022.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

Belgium-Canada Trade: In 2022, Belgium exported $3.41B to Canada. The main products that Belgium exported to Canada were Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). Over the past 5 years the exports of Belgium to Canada have increased at an annualized rate of 9.25%,  from $2.19B in 2017 to $3.41B in 2022.

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $3.68B to Belgium. The main products exported from Canada to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). During the last 5 years the exports of Canada to Belgium have increased at an annualized rate of 5.49%, from $2.82B in 2017 to $3.68B in 2022.

In 2017, Belgium exported $3.41B to Canada. The main products exported from Belgium to Canada were Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). During the last 5 years the exports of Belgium to Canada have increased at an annualized rate of 9.25%, from $2.19B in 2022 to $3.41B in 2017.

Exports from Canada (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from Canada than Belgium included United States ($438B), China ($25.4B), and Mexico ($7.39B).

In 2022, countries that imported more from Belgium than Canada included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Belgium

Flow
Scale

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

During 2022, Canada had a large net trade with Belgium in the exports of Precious Metals ($1.36B), Chemical Products ($840M), and Mineral Products ($392M).

During 2017, Belgium had a large net trade with Canada in the exports of Chemical Products ($1.51B), Mineral Products ($417M), and Precious Metals ($292M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Belgium+$107MPackaged Medicaments
Top Product Potential Belgium Canada+N/AN/A

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Belgium (Flag) (2020)

Services Exports from Belgium (Flag) to Canada (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Belgium. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Belgium (Flag) (2022)

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