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Ireland-Belgium In 2020, Ireland exported $16.2B to Belgium. The main products that Ireland exported to Belgium are Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc ($7.44B), Heterocyclic compounds with nitrogen hetero-atom(s) only ($4.72B), and Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($862M). During the last 21 years the exports of Ireland to Belgium have increased at an annualized rate of 7.19%, from $3.78B in 1999 to $16.2B in 2020.

In 2018, Ireland exported services to Belgium worth $1.31B, with Other business services ($562M), Financial services ($234M), and Transportation ($217M) being the largest in terms of value.

Belgium-Ireland In 2020, Belgium exported $2.35B to Ireland . The main products that Belgium exported to Ireland were Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc ($280M), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($245M), and Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($179M). During the last 21 years the exports of Belgium to Ireland have increased at an annualized rate of 3.31%, from $1.18B in 1999 to $2.35B in 2020.

In 2019, Belgium exported services to Ireland worth $5.87B, with Other business services ($4.35B), Computer and information services ($926M), and Royalties and license fees ($474M) being the largest in terms of value.

Comparison In 2020,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.34), and 26 in total exports ($197B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Ireland exported $16.2B to Belgium. The main products exported from Ireland to Belgium were Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc ($7.44B), Heterocyclic compounds with nitrogen hetero-atom(s) only ($4.72B), and Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($862M). During the last 21 years the exports of Ireland to Belgium have increased at an annualized rate of 7.19%, from $3.78B in 1999 to $16.2B in 2020.

In 2020, Belgium exported $2.35B to Ireland. The main products exported from Belgium to Ireland were Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc ($280M), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($245M), and Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($179M). During the last 21 years the exports of Belgium to Ireland have increased at an annualized rate of 3.31%, from $1.18B in 1999 to $2.35B in 2020.

Market Competitiveness

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Measure

Ireland
Top Destination
: United States, $57.4B

Belgium
Top Destination
: Germany, $45.7B

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

In 2019, countries that imported more from Ireland than Belgium were United States ($57.4B), China ($11.9B), and Japan ($5.54B).

In 2019, countries that imported more from Belgium than Ireland were France ($44.4B), Netherlands ($37.1B), and Germany ($45.7B).

Comparative Advantage Ireland - Belgium

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Flow

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

During 2020, Ireland had a large net trade with Belgium in the exports of Chemical Products ($15.1B), Instruments ($350M), and Machines ($245M).

During 2020, Belgium had a large net trade with Ireland in the exports of Chemical Products ($1.08B), Transportation ($304M), and Machines ($178M).

Bilateral Service Trade

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In 2018, Ireland exported services to Belgium worth $1.31B, with Other business services ($562M), Financial services ($234M), and Transportation ($217M) being the largest in terms of value.

In 2019, Belgium exported services to Ireland worth $5.87B, with Other business services ($4.35B), Computer and information services ($926M), and Royalties and license fees ($474M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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