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Pricing

2022
Flag → Flag
Exports $3.68BRnk 10 / 215
2022
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Top Product $1.35BDiamonds
2022
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Exports $3.41BRnk 22 / 222
2022
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Top Product $578MVaccines, blood, antisera, toxins and cultures
2022
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Economic Complexity (ECI) ECI 0.85Rnk 31 / 124
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Canada-Belgium In 2022, Canada exported $3.68B to Belgium. The main products that Canada exported to Belgium are Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). During the last 23 years the exports of Canada to Belgium have increased at an annualized rate of 4.23%, from $1.42B in 1999 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 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). During the last 23 years the exports of Belgium to Canada have increased at an annualized rate of 6.93%, from $729M in 1999 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 0.85), and 9 in total exports ($587B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Latest Trends

January, 2024

About

Overview In January 2024, Canada exported C$237M and imported C$348M from Belgium, resulting in a negative trade balance of C$111M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-176M (-42.7%) from C$413M to C$237M, while imports decreased by C$-172M (-33.1%) from C$520M to C$348M.

Trade In January 2024, the top exports of Canada to Belgium were Diamonds (C$182M), Potassic Fertilizers (C$75.2M), Iron Ore (C$34.7M), Raw Nickel (C$19.9M), and Non-Iron and Steel Slag, Ash and... (C$13.2M). In January 2024 the top imports of Canada from Belgium were Hormones (C$160M), Vaccines, blood, antisera, toxins and cultures (C$67.8M), Harvesting Machinery (C$38.4M), Packaged Medicaments (C$33.1M), and Refined Petroleum (C$29.7M).

Origins In January 2024 the exports of Canada were mainly from Quebec (C$81.5M), Ontario (C$58.5M), Alberta (C$42.4M), Saskatchewan (C$22M), and Newfoundland Labrador (C$14.9M), while imports destinations were mainly Ontario (C$167M), Quebec (C$88.9M), Alberta (C$28.6M), Nova Scotia (C$28.6M), and British Columbia (C$13.7M).

Growth In January 2024, the decrease in Canada's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Diamonds (C$-22.7M or -11.1%), Packaged Medicaments (C$-9.9M or -52.8%), and Other Edible Preparations (C$-6.39M or -96.7%). In January 2024, the decrease in Canada's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures (C$-187M or -73.4%), Refined Petroleum (C$-34.8M or -54%), and Platinum (C$-25.1M or -58.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)C$-176M(-42.7%)
IMPORT GROWTH (January 2023 - January 2024)C$-172M(-33.1%)
MAIN EXPORTER (January 2024)QuebecC$81.5M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Belgium and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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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 23 years the exports of Canada to Belgium have increased at an annualized rate of 4.23%, from $1.42B in 1999 to $3.68B in 2022.

In 2022, 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 23 years the exports of Belgium to Canada have increased at an annualized rate of 6.93%, from $729M in 1999 to $3.41B in 2022.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Belgium
Top DestinationGermany$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 2021, countries that imported more from Canada than Belgium were United States ($438B), China ($25.4B), and Mexico ($7.39B).

In 2021, countries that imported more from Belgium than Canada were 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 2022, Belgium had a large net trade with Canada in the exports of Chemical Products ($1.51B), Mineral Products ($417M), and Precious Metals ($292M).

Service Trade

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)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Canada.

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

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