2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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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 PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%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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About

Finland-Belgium In 2022, Finland exported $2.94B to Belgium. The main products that Finland exported to Belgium are Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). During the last 23 years the exports of Finland to Belgium have increased at an annualized rate of 4.41%, from $1.09B in 1999 to $2.94B in 2022.

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) being the largest in terms of value.

Belgium-Finland In 2022, Belgium exported $1.81B to Finland. The main products that Belgium exported to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). During the last 23 years the exports of Belgium to Finland have increased at an annualized rate of 2.68%, from $985M in 1999 to $1.81B in 2022.

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

Comparison In 2022,  Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $2.94B to Belgium. The main products exported from Finland to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). During the last 23 years the exports of Finland to Belgium have increased at an annualized rate of 4.41%, from $1.09B in 1999 to $2.94B in 2022.

In 2022, Belgium exported $1.81B to Finland. The main products exported from Belgium to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). During the last 23 years the exports of Belgium to Finland have increased at an annualized rate of 2.68%, from $985M in 1999 to $1.81B in 2022.

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

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

Latest Data

Trade between Finland (Flag) and Belgium (Flag)

Finland Exports

Belgium Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from Finland than Belgium were Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

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

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

Comparative Advantage Finland - Belgium

Flow
Scale

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

During 2022, Finland had a large net trade with Belgium in the exports of Mineral Products ($1.04B), Chemical Products ($517M), and Paper Goods ($436M).

During 2022, Belgium had a large net trade with Finland in the exports of Chemical Products ($387M), Machines ($290M), and Plastics and Rubbers ($235M).

Service Trade

Bilateral Service Trade

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) being the largest in terms of value.

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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