Ireland (IRL) and Belgium (BEL) Trade | OEC - The Observatory of Economic Complexity

About

Ireland-Belgium In 2019, Ireland exported $19B to Belgium. The main products that Ireland exported to Belgium are Blood, antisera, vaccines, toxins and cultures ($7.5B), Nitrogen Heterocyclic Compounds ($7.08B), and Packaged Medicaments ($1.64B). During the last 20 years the exports of Ireland to Belgium have increased at an annualized rate of 8.46%, from $3.74B in 1999 to $19B in 2019.

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 2019, Belgium exported $2.69B to Ireland . The main products that Belgium exported to Ireland were Cars ($329M), Blood, antisera, vaccines, toxins and cultures ($311M), and Packaged Medicaments ($130M). During the last 20 years the exports of Belgium to Ireland have increased at an annualized rate of 4.26%, from $1.17B in 1999 to $2.69B in 2019.

In 2018, Belgium exported services to Ireland worth $3.53B, with Other business services ($1.4B), Computer and information services ($954M), and Transportation ($434M) being the largest in terms of value.

Comparison In 2019, Ireland ranked 19 in the Economic Complexity Index (ECI 1.32), and 28 in total exports ($190B). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.34), and 12 in total exports ($411B).

Latest Trends

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June, 2021

About

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Overview In June 2021 Ireland exported €761M and imported €196M from Belgium, resulting in a positive trade balance of €565M. Between June 2020 and June 2021 the exports of Ireland have decreased by €-1.04B (-57.7%) from €1.8B to €761M, while imports increased by €75.6M (62.7%) from €121M to €196M.

Trade In June 2021, the top exports of Ireland to Belgium were Medicinal and pharmaceutical products (€536M), Organic chemicals (€102M), Miscellaneous manufactured articles, n.e.s. (€20.7M), Professional, scientific and controlling apparatus (€19.5M), and Dairy products and birds eggs (€14.9M). In June 2021 the top imports of Ireland from Belgium were Organic chemicals (€63.3M), Medicinal and pharmaceutical products (€43.6M), Plastics in primary forms (€10.9M), Miscellaneous manufactured articles, n.e.s. (€6.42M), and Vegetables and fruit (€5.32M).

Growth In June 2021, the decrease in Ireland's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-1.06B or -66.4%), Petroleum, petroleum products and related materials (€-9.8M or -99.8%), and Inorganic chemicals (€-9.34M or -98.4%). In June 2021, the increase in Ireland's year-by-year imports from Belgium was explained primarily by an increase in product imports in Organic chemicals (€46.2M or 271%), Medicinal and pharmaceutical products (€12.5M or 40.4%), and Plastics in primary forms (€4.33M or 66.3%).

Latest Trade

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Time Scale

Flow

Value

EXPORT GROWTH (June 2020 - June 2021): €-1.04B, (-57.7%)

IMPORT GROWTH (June 2020 - June 2021): €75.6M, (62.7%)

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2019, Ireland exported $19B to Belgium. The main products exported from Ireland to Belgium were Blood, antisera, vaccines, toxins and cultures ($7.5B), Nitrogen Heterocyclic Compounds ($7.08B), and Packaged Medicaments ($1.64B). During the last 20 years the exports of Ireland to Belgium have increased at an annualized rate of 8.46%, from $3.74B in 1999 to $19B in 2019.

In 2019, Belgium exported $2.69B to Ireland. The main products exported from Belgium to Ireland were Cars ($329M), Blood, antisera, vaccines, toxins and cultures ($311M), and Packaged Medicaments ($130M). During the last 20 years the exports of Belgium to Ireland have increased at an annualized rate of 4.26%, from $1.17B in 1999 to $2.69B in 2019.

Latest Data

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Ireland Exports

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Date

Belgium Exports

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Date

Market Competitiveness

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Measure

SectionYear

Ireland
Top Destination: United States, $53.7B

Belgium
Top Destination: Germany, $68.9B

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 ($53.7B), China ($10.2B), and Japan ($5.76B).

In 2019, countries that imported more from Belgium than Ireland were Germany ($68.9B), France ($55.6B), and Netherlands ($53.1B).

Comparative Advantage Ireland - Belgium

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Depth

Year

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

During 2019, Ireland had a large net trade with Belgium in the exports of Chemical Products ($17.7B), Instruments ($421M), and Machines ($295M).

During 2019, Belgium had a large net trade with Ireland in the exports of Chemical Products ($1.06B), Transportation ($393M), and Machines ($215M).

Service Trade

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Bilateral Service Trade

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Bel YearIrl Year

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 2018, Belgium exported services to Ireland worth $3.53B, with Other business services ($1.4B), Computer and information services ($954M), and Transportation ($434M) 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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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Belgium. Similarly, the more red a dot/product is, the more Belgium has comparative advantage over Ireland.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Latest Data

Ireland Exports

Belgium Exports

Market Competitiveness

Comparative Advantage Ireland - Belgium

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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