Flag China / Belgium Flag

2021
FlagFlag
Exports
: $26.4B, Rnk 29 / 209

2021
FlagFlag
Top Product
: $3.03B, Cars

2021
FlagFlag
Exports
: $7.08B, Rnk 11 / 221

2021
FlagFlag
Top Product
: $816M, Packaged Medicaments

2021
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Economic Complexity (ECI)
: ECI 1.07, Rnk 25 / 131

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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GDP
: $17.7T, CURRENT US$
Rnk 2 / 182

2011-2021
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GDP GROWTH
: 135%, CURRENT US$
Rnk 6 / 182

2021
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 GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
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GDP PC 
: $12,556, CURRENT US$
Rnk 58 / 182

2011-2021
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GDP PC GROWTH
: 124%, CURRENT US$
Rnk 4 / 182

2021
Flag
GDP PC
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
Flag
GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

China-Belgium In 2021, China exported $26.4B to Belgium. The main products that China exported to Belgium are Cars ($3.03B), Broadcasting Equipment ($920M), and Large Construction Vehicles ($623M). During the last 22 years the exports of China to Belgium have increased at an annualized rate of 11%, from $2.67B in 1999 to $26.4B in 2021.

In 2021, China did not export any services to Belgium.

Belgium-China In 2021, Belgium exported $7.08B to China. The main products that Belgium exported to China were Packaged Medicaments ($816M), Vaccines, blood, antisera, toxins and cultures ($428M), and Orthopedic Appliances ($369M). During the last 22 years the exports of Belgium to China have increased at an annualized rate of 8.95%, from $1.07B in 1999 to $7.08B in 2021.

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 2021,  China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, China exported $26.4B to Belgium. The main products exported from China to Belgium were Cars ($3.03B), Broadcasting Equipment ($920M), and Large Construction Vehicles ($623M). During the last 22 years the exports of China to Belgium have increased at an annualized rate of 11%, from $2.67B in 1999 to $26.4B in 2021.

In 2021, Belgium exported $7.08B to China. The main products exported from Belgium to China were Packaged Medicaments ($816M), Vaccines, blood, antisera, toxins and cultures ($428M), and Orthopedic Appliances ($369M). During the last 22 years the exports of Belgium to China have increased at an annualized rate of 8.95%, from $1.07B in 1999 to $7.08B in 2021.

Market Competitiveness

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Color

China
Top Destination
: United States, $530B

Belgium
Top Destination
: Germany, $62.7B

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 2021, countries that imported more from China than Belgium were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2021, countries that imported more from Belgium than China were France ($59.9B), Luxembourg ($6.9B), and Botswana ($992M).

Comparative Advantage China - Belgium

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Flow
Scale

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

During 2021, China had a large net trade with Belgium in the exports of Machines ($7.59B), Transportation ($3.99B), and Chemical Products ($2.69B).

During 2021, Belgium had a large net trade with China in the exports of Chemical Products ($2.38B), Machines ($1.19B), and Plastics and Rubbers ($744M).

Bilateral Service Trade

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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.

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 yellow.  This mean that the more blue a dot/product is, the more China has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over China.