2022
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GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

Belgium-Russia In 2022, Belgium exported $2.68B to Russia. The main products that Belgium exported to Russia are Packaged Medicaments ($825M), Vaccines, blood, antisera, toxins and cultures ($422M), and Medical Instruments ($116M). During the last 23 years the exports of Belgium to Russia have increased at an annualized rate of 5.94%, from $713M in 1999 to $2.68B in 2022.

In 2020, Belgium exported services to Russia worth $321M, with Other business services ($185M), Transportation ($51.4M), and Royalties and license fees ($24M) being the largest in terms of value.

Russia-Belgium In 2022, Russia exported $9.99B to Belgium. The main products that Russia exported to Belgium were Refined Petroleum ($3.99B), Petroleum Gas ($2.2B), and Diamonds ($1.46B). During the last 23 years the exports of Russia to Belgium have increased at an annualized rate of 9.88%, from $1.15B in 1999 to $9.99B in 2022.

In 2020, Russia exported services to Belgium worth $532M, with Other business services ($232M), Transportation ($227M), and Computer and information services ($24.5M) 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, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $2.68B to Russia. The main products exported from Belgium to Russia were Packaged Medicaments ($825M), Vaccines, blood, antisera, toxins and cultures ($422M), and Medical Instruments ($116M). During the last 23 years the exports of Belgium to Russia have increased at an annualized rate of 5.94%, from $713M in 1999 to $2.68B in 2022.

In 2022, Russia exported $9.99B to Belgium. The main products exported from Russia to Belgium were Refined Petroleum ($3.99B), Petroleum Gas ($2.2B), and Diamonds ($1.46B). During the last 23 years the exports of Russia to Belgium have increased at an annualized rate of 9.88%, from $1.15B in 1999 to $9.99B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Russia
Top Destination
China$101B

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

In 2021, countries that imported more from Belgium than Russia were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Russia than Belgium were China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Belgium - Russia

Flow
Scale

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

During 2022, Belgium had a large net trade with Russia in the exports of Chemical Products ($1.57B), Foodstuffs ($248M), and Instruments ($221M).

During 2022, Russia had a large net trade with Belgium in the exports of Mineral Products ($6.72B), Precious Metals ($1.46B), and Metals ($1.14B).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Russia worth $321M, with Other business services ($185M), Transportation ($51.4M), and Royalties and license fees ($24M) being the largest in terms of value.

In 2020, Russia exported services to Belgium worth $532M, with Other business services ($232M), Transportation ($227M), and Computer and information services ($24.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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