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2022
Flag → Flag
Exports $65.7BRnk 3 / 222
2022
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Top Product $13.1BPetroleum Gas
2022
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Exports $94.3BRnk 2 / 224
2022
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Top Product $14.5BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.1Rnk 20 / 124
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$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 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
2022
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GDP PC$55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Belgium-Netherlands In 2022, Belgium exported $65.7B to Netherlands. The main products that Belgium exported to Netherlands are Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 23 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.13%, from $20.8B in 1999 to $65.7B in 2022.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Netherlands-Belgium In 2022, Netherlands exported $94.3B to Belgium. The main products that Netherlands exported to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 23 years the exports of Netherlands to Belgium have increased at an annualized rate of 6.4%, from $22.6B in 1999 to $94.3B in 2022.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.1), and 6 in total exports ($674B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €3.51B and imported €6.67B from Netherlands, resulting in a negative trade balance of €3.16B. Between December 2022 and December 2023 the exports of Belgium have decreased by €-1.27B (-26.5%) from €4.77B to €3.51B, while imports decreased by €-1.12B (-14.4%) from €7.79B to €6.67B.

Trade In December 2023, the top exports of Belgium to Netherlands were Mineral fuels, mineral oils and products... (€1.15B), Cars, tractors, trucks & parts thereof. (€354M), Pharmaceutical products (€252M), Machinery, mechanical appliances, & parts (€210M), and Electrical machinery and electronics (€175M). In December 2023 the top imports of Belgium from Netherlands were Mineral fuels, mineral oils and products... (€2.71B), Electrical machinery and electronics (€491M), Machinery, mechanical appliances, & parts (€357M), Cars, tractors, trucks & parts thereof. (€321M), and Plastics & articles thereof (€228M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Netherlands was explained primarily by an decrease in product exports in Organic chemicals (€-34.5M or -20.5%), Optical, photo, & film equipment; medical... (€-20.1M or -34.7%), and Copper articles (€-9.23M or -34.4%). In December 2023, the decrease in Belgium's year-by-year imports  from Netherlands was explained primarily by an decrease in product imports  in Organic chemicals (€-61.9M or -25.6%), Mineral fuels, mineral oils and products... (€-55.9M or -2.02%), and Fertilizers (€-31.3M or -64.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-1.27B(-26.5%)
IMPORT GROWTH (December 2022 - December 2023)€-1.12B(-14.4%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $65.7B to Netherlands. The main products exported from Belgium to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 23 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.13%, from $20.8B in 1999 to $65.7B in 2022.

In 2022, Netherlands exported $94.3B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 23 years the exports of Netherlands to Belgium have increased at an annualized rate of 6.4%, from $22.6B in 1999 to $94.3B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Netherlands
Top DestinationGermany$131B

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

In 2021, countries that imported more from Belgium than Netherlands were France ($71.1B), Luxembourg ($7.67B), and Japan ($8.82B).

In 2021, countries that imported more from Netherlands than Belgium were Germany ($131B), United Kingdom ($38.2B), and Chinese Taipei ($16B).

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

Comparative Advantage Belgium - Netherlands

Flow
Scale

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

During 2022, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($23.3B), Chemical Products ($9.58B), and Foodstuffs ($4.83B).

During 2022, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($37.2B), Chemical Products ($12.4B), and Machines ($9.36B).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Netherlands (Flag) to Belgium (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 Belgium has comparative advantage over Netherlands. Similarly, the more yellow a dot/product is, the more Netherlands has comparative advantage over Belgium.

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

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