2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$579BCURRENT US$
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2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

United Kingdom-Belgium In 2022, United Kingdom exported $24.2B to Belgium. The main products that United Kingdom exported to Belgium are Petroleum Gas ($6.22B), Packaged Medicaments ($2.63B), and Refined Petroleum ($2.33B). During the last 23 years the exports of United Kingdom to Belgium have increased at an annualized rate of 2.32%, from $14.2B in 1999 to $24.2B in 2022.

In 2019, United Kingdom exported services to Belgium worth $4.74B, with Other business services ($2.8B), Travel ($737M), and Financial services ($560M) being the largest in terms of value.

Belgium-United Kingdom In 2022, Belgium exported $21.5B to United Kingdom. The main products that Belgium exported to United Kingdom were Vaccines, blood, antisera, toxins and cultures ($2.72B), Cars ($1.36B), and Refined Petroleum ($1.1B). During the last 23 years the exports of Belgium to United Kingdom have increased at an annualized rate of 1.06%, from $16.9B in 1999 to $21.5B in 2022.

In 2020, Belgium exported services to United Kingdom worth $9.4B, with Other business services ($3.38B), Transportation ($2.44B), and Financial services ($1.04B) being the largest in terms of value.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $24.2B to Belgium. The main products exported from United Kingdom to Belgium were Petroleum Gas ($6.22B), Packaged Medicaments ($2.63B), and Refined Petroleum ($2.33B). During the last 23 years the exports of United Kingdom to Belgium have increased at an annualized rate of 2.32%, from $14.2B in 1999 to $24.2B in 2022.

In 2022, Belgium exported $21.5B to United Kingdom. The main products exported from Belgium to United Kingdom were Vaccines, blood, antisera, toxins and cultures ($2.72B), Cars ($1.36B), and Refined Petroleum ($1.1B). During the last 23 years the exports of Belgium to United Kingdom have increased at an annualized rate of 1.06%, from $16.9B in 1999 to $21.5B in 2022.

Exports from United Kingdom (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$61.8B
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from United Kingdom than Belgium were United States ($61.8B), Ireland ($32.6B), and China ($35.4B).

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

Difference in imports from Belgium (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Belgium

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Belgium in the exports of Mineral Products ($10.5B), Chemical Products ($4.97B), and Transportation ($2.08B).

During 2022, Belgium had a large net trade with United Kingdom in the exports of Chemical Products ($5.14B), Transportation ($2.78B), and Foodstuffs ($2.17B).

Service Trade

Bilateral Service Trade

In 2019, United Kingdom exported services to Belgium worth $4.74B, with Other business services ($2.8B), Travel ($737M), and Financial services ($560M) being the largest in terms of value.

In 2020, Belgium exported services to United Kingdom worth $9.4B, with Other business services ($3.38B), Transportation ($2.44B), and Financial services ($1.04B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Belgium (Flag) (2019)

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

Product Space of United Kingdom (Flag) and Belgium (Flag) (2022)

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