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2022
Flag → Flag
Exports $30.5BRnk 29 / 211
2022
Flag → Flag
Top Product $5.47BCars
2022
Flag → Flag
Exports $6.01BRnk 14 / 222
2022
Flag → Flag
Top Product $698MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 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 $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 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

China-Belgium Trade: In 2022, China exported $30.5B to Belgium. The main products that China exported to Belgium were Cars ($5.47B), Large Construction Vehicles ($997M), and Broadcasting Equipment ($918M). Over the past 5 years the exports of China to Belgium have increased at an annualized rate of 17.9%, from $13.4B in 2017 to $30.5B in 2022.

In 2022, China did not export any services to Belgium.

Belgium-China Trade: In 2022, Belgium exported $6.01B to China. The main products that Belgium exported to China were Packaged Medicaments ($698M), Vaccines, blood, antisera, toxins and cultures ($333M), and Orthopedic Appliances ($282M). Over the past 5 years the exports of Belgium to China have decreased at an annualized rate of 3.56%,  from $7.48B in 2017 to $6.01B in 2022.

In 2020, Belgium exported services to China worth $1.35B, with Other business services ($464M), Transportation ($460M), and Royalties and license fees ($172M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

September, 2024

About

Overview In September 2024, China exported $2.85B and imported $610M from Belgium, resulting in a positive trade balance of $2.24B. Between September 2023 and September 2024 the exports of China have increased by $453M (18.9%) from $2.39B to $2.85B, while imports decreased by $-38.7M (-5.96%) from $649M to $610M.

Trade In September 2024, the top exports of China to Belgium were Cars ($776M), Nitrogen Heterocyclic Compounds ($248M), Refined Petroleum ($128M), Electric Batteries ($111M), and Large Construction Vehicles ($102M). In September 2024 the top imports of China from Belgium were Diamonds ($57.6M), Packaged Medicaments ($36.4M), Refined Copper ($21.1M), Beauty Products ($20.7M), and Flax Fibers ($20M).

Origins In September 2024 the exports of China were mainly from Guangdong Province ($628M), Shanghai Province ($478M), Zhejiang Province ($372M), Jiangsu Province ($350M), and Fujian Province ($153M), while imports destinations were mainly Beijing ($193M), Guangdong Province ($138M), Shanghai Province ($102M), Jiangsu Province ($72.2M), and Zhejiang Province ($25.6M).

Growth In September 2024, the increase in China's year-by-year exports to Belgium was explained primarily by an increase in product exports in Nitrogen Heterocyclic Compounds ($208M or 533%), Refined Petroleum ($124M or 2.91k%), and Cars ($110M or 16.6%). In September 2024, the decrease in China's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Diamonds ($-107M or -65%), Platinum ($-85.5M or -97.2%), and Beauty Products ($-55.3M or -72.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$453M(18.9%)
IMPORT GROWTH (September 2023 - September 2024)$-38.7M(-5.96%)
MAIN EXPORTER (September 2024)Guangdong Province$628M

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

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

For full datasets download visit Bulk Download page.

Explore Belgium and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $30.5B to Belgium. The main products exported from China to Belgium were Cars ($5.47B), Large Construction Vehicles ($997M), and Broadcasting Equipment ($918M). During the last 5 years the exports of China to Belgium have increased at an annualized rate of 17.9%, from $13.4B in 2017 to $30.5B in 2022.

In 2017, Belgium exported $6.01B to China. The main products exported from Belgium to China were Packaged Medicaments ($698M), Vaccines, blood, antisera, toxins and cultures ($333M), and Orthopedic Appliances ($282M). During the last 5 years the exports of Belgium to China have decreased at an annualized rate of 3.56%, from $7.48B in 2022 to $6.01B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from China than Belgium included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Belgium than China included France ($71.1B), Luxembourg ($7.67B), and Botswana ($397M).

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

Comparative Advantage China - Belgium

Flow
Scale

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

During 2022, China had a large net trade with Belgium in the exports of Machines ($8.62B), Transportation ($6.56B), and Chemical Products ($3.38B).

During 2017, Belgium had a large net trade with China in the exports of Chemical Products ($2.11B), Machines ($925M), and Plastics and Rubbers ($646M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Belgium+$410MTelephones
Top Product Potential Belgium China+$418MPackaged Medicaments

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, Belgium exported services to China worth $1.35B, with Other business services ($464M), Transportation ($460M), and Royalties and license fees ($172M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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