Greece (GRC) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Greece-Belgium In 2022, Greece exported $646M to Belgium. The main products that Greece exported to Belgium are Refined Petroleum ($53M), Petroleum Coke ($49.9M), and Copper Pipes ($42.2M). During the last 23 years the exports of Greece to Belgium have increased at an annualized rate of 4.63%, from $228M in 1999 to $646M in 2022.

In 2020, Greece exported services to Belgium worth $388M, with Other business services ($129M), Travel ($105M), and Transportation ($79.5M) being the largest in terms of value.

Belgium-Greece In 2022, Belgium exported $2.21B to Greece. The main products that Belgium exported to Greece were Vaccines, blood, antisera, toxins and cultures ($235M), Packaged Medicaments ($208M), and Refined Petroleum ($109M). During the last 23 years the exports of Belgium to Greece have increased at an annualized rate of 2.87%, from $1.15B in 1999 to $2.21B in 2022.

In 2020, Belgium exported services to Greece worth $279M, with Other business services ($138M), Transportation ($37.7M), and Insurance services ($34.3M) being the largest in terms of value.

Comparison In 2022, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $646M to Belgium. The main products exported from Greece to Belgium were Refined Petroleum ($53M), Petroleum Coke ($49.9M), and Copper Pipes ($42.2M). During the last 23 years the exports of Greece to Belgium have increased at an annualized rate of 4.63%, from $228M in 1999 to $646M in 2022.

In 2022, Belgium exported $2.21B to Greece. The main products exported from Belgium to Greece were Vaccines, blood, antisera, toxins and cultures ($235M), Packaged Medicaments ($208M), and Refined Petroleum ($109M). During the last 23 years the exports of Belgium to Greece have increased at an annualized rate of 2.87%, from $1.15B in 1999 to $2.21B in 2022.

Exports from Greece () to Belgium () (2022)

Exports from Belgium () to Greece () (2022)

Latest Data

Trade between Greece () and Belgium ()

Greece Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Belgium
Top DestinationGermany$91.9B

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

In 2021, countries that imported more from Greece than Belgium were Cyprus ($2.92B), Bulgaria ($3.62B), and North Macedonia ($1.7B).

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

Difference in imports from Belgium () and Greece () (2022)

Comparative Advantage Greece - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Belgium in the exports of Metals ($142M), Mineral Products ($124M), and Foodstuffs ($115M).

During 2022, Belgium had a large net trade with Greece in the exports of Chemical Products ($714M), Machines ($185M), and Foodstuffs ($182M).

Service Trade

Bilateral Service Trade

Bel Year

Grc Year

In 2020, Greece exported services to Belgium worth $388M, with Other business services ($129M), Travel ($105M), and Transportation ($79.5M) being the largest in terms of value.

In 2020, Belgium exported services to Greece worth $279M, with Other business services ($138M), Transportation ($37.7M), and Insurance services ($34.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece () to Belgium () (2020)

Services Exports from Belgium () to Greece () (2020)

Economic Complexity

Competitive Landscape

Year

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 Greece has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Greece.

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Belgium () (2022)

Exports from Belgium () to Greece () (2022)

Latest Data

Trade between Greece () and Belgium ()

Greece Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Greece () (2022)

Comparative Advantage Greece - Belgium

Service Trade

Bilateral Service Trade

Services Exports from Greece () to Belgium () (2020)

Services Exports from Belgium () to Greece () (2020)

Economic Complexity

Competitive Landscape

Product Space of Greece () and Belgium () (2022)

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