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

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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).

Latest Trends

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March, 2022

About

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Overview In March 2022 Ireland exported €1.23B and imported €220M from Belgium, resulting in a positive trade balance of €1.01B. Between March 2021 and March 2022 the exports of Ireland have increased by €359M (41.1%) from €874M to €1.23B, while imports increased by €43.8M (24.8%) from €176M to €220M.

Trade In March 2022, the top exports of Ireland to Belgium were Medicinal and pharmaceutical products (€1.03B), Organic chemicals (€96.5M), Miscellaneous manufactured articles, n.e.s. (€21.1M), Professional, scientific and controlling apparatus (€10.6M), and Meat and meat preparations (€10.4M). In March 2022 the top imports of Ireland from Belgium were Organic chemicals (€44.8M), Medicinal and pharmaceutical products (€28.7M), Fertilisers, manufactured (€25.9M), Petroleum, petroleum products and related materials (€13.5M), and Plastics in primary forms (€12.6M).

Growth In March 2022, the increase in Ireland's year-by-year exports to Belgium was explained primarily by an increase in product exports in Crude rubber, including synthetic and reclaimed... (€2.73M or 273k%), Office machines and automatic data processing... (€1.59M or 30.5%), and Miscellaneous edible products and preparations (€1.01M or 115%). In March 2022, the increase in Ireland's year-by-year imports from Belgium was explained primarily by an increase in product imports in Fertilisers, manufactured (€2.25M or 45%), Machinery specialised for particular industries (€2.13M or 126%), and Petroleum, petroleum products and related materials (€1.55M or 145%).

Latest Trade

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Time Scale

Flow

Value

EXPORT GROWTH (March 2021 - March 2022): €359M, (41.1%)

IMPORT GROWTH (March 2021 - March 2022): €43.8M, (24.8%)

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 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

SectionYear

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

Year

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).

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Ireland - Belgium

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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