New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $11.3BRnk 9 / 218
2022
Flag → Flag
Top Product $1.68BCars
2022
Flag → Flag
Exports $11.7BRnk 7 / 222
2022
Flag → Flag
Top Product $1.2BVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
Flag
Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Spain-Belgium In 2022, Spain exported $11.3B to Belgium. The main products that Spain exported to Belgium are Cars ($1.68B), Refined Petroleum ($1.08B), and Delivery Trucks ($469M). During the last 23 years the exports of Spain to Belgium have increased at an annualized rate of 5.36%, from $3.4B in 1999 to $11.3B in 2022.

In 2020, Spain exported services to Belgium worth $789M, with Travel ($789M) being the largest in terms of value.

Belgium-Spain In 2022, Belgium exported $11.7B to Spain. The main products that Belgium exported to Spain were Vaccines, blood, antisera, toxins and cultures ($1.2B), Packaged Medicaments ($782M), and Cars ($710M). During the last 23 years the exports of Belgium to Spain have increased at an annualized rate of 2.67%, from $6.37B in 1999 to $11.7B in 2022.

In 2020, Belgium exported services to Spain worth $1.92B, with Other business services ($810M), Transportation ($386M), and Computer and information services ($257M) being the largest in terms of value.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B). 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, Spain exported €1.02B and imported €730M from Belgium, resulting in a positive trade balance of €287M. Between January 2023 and January 2024 the exports of Spain have decreased by €-451M (-30.7%) from €1.47B to €1.02B, while imports decreased by €-150M (-17%) from €880M to €730M.

Trade In January 2024, the top exports of Spain to Belgium were Vaccines, blood, antisera, toxins and cultures (€560M), Cars (€181M), Commodities not elsewhere specified (€70.6M), Delivery Trucks (€57.8M), and Refined Petroleum (€32.3M). In January 2024 the top imports of Spain from Belgium were Refined Petroleum (€96.9M), Packaged Medicaments (€54.6M), Motor vehicles; parts and accessories (8701... (€39.7M), Vaccines, blood, antisera, toxins and cultures (€28.4M), and Nitrogen Heterocyclic Compounds (€24.4M).

Origins In January 2024 the exports of Spain were mainly from Sevilla (€145M), Valencia (€109M), Barcelona (€109M), Pontevedra (€59.3M), and Vizcaya (€57.8M), while imports destinations were mainly Barcelona (€168M), Madrid (€153M), Valencia (€45.6M), Tarragona (€26.5M), and Alicante (€22.9M).

Growth In January 2024, the decrease in Spain's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Refined Petroleum (€-38M or -54.1%), Hot-Rolled Iron Bars (€-14.8M or -88%), and Coal Tar Oil (€-5.27M or -78.1%). In January 2024, the decrease in Spain's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures (€-152M or -84.3%), Biodiesel and mixtures thereof (€-13.1M or -60.8%), and Nitrogenous Fertilizers (€-10.5M or -76%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-451M(-30.7%)
IMPORT GROWTH (January 2023 - January 2024)€-150M(-17%)
MAIN EXPORTER (January 2024)Sevilla€145M

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

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

For full datasets download visit Bulk Download page.

Explore Belgium and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $11.3B to Belgium. The main products exported from Spain to Belgium were Cars ($1.68B), Refined Petroleum ($1.08B), and Delivery Trucks ($469M). During the last 23 years the exports of Spain to Belgium have increased at an annualized rate of 5.36%, from $3.4B in 1999 to $11.3B in 2022.

In 2022, Belgium exported $11.7B to Spain. The main products exported from Belgium to Spain were Vaccines, blood, antisera, toxins and cultures ($1.2B), Packaged Medicaments ($782M), and Cars ($710M). During the last 23 years the exports of Belgium to Spain have increased at an annualized rate of 2.67%, from $6.37B in 1999 to $11.7B in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Belgium
Top DestinationGermany$91.9B

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

In 2021, countries that imported more from Spain than Belgium were Portugal ($34.9B), Morocco ($12.1B), and Italy ($32.1B).

In 2021, countries that imported more from Belgium than Spain were Germany ($91.9B), Netherlands ($65.7B), and United States ($29B).

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

Comparative Advantage Spain - Belgium

Flow
Scale

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

During 2022, Spain had a large net trade with Belgium in the exports of Transportation ($2.9B), Mineral Products ($1.47B), and Chemical Products ($1.45B).

During 2022, Belgium had a large net trade with Spain in the exports of Chemical Products ($3.63B), Transportation ($1.49B), and Plastics and Rubbers ($1.08B).

Service Trade

Bilateral Service Trade

In 2020, Spain exported services to Belgium worth $789M, with Travel ($789M) being the largest in terms of value.

In 2020, Belgium exported services to Spain worth $1.92B, with Other business services ($810M), Transportation ($386M), and Computer and information services ($257M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms