Italy / Belgium

Italy-Belgium Trade: In 2022, Italy exported $14.6B to Belgium. The main products that Italy exported to Belgium were Packaged Medicaments ($8.88B), Vaccines, blood, antisera, toxins and cultures ($1.4B), and Cars ($577M). Over the past 5 years the exports of Italy to Belgium have increased at an annualized rate of 18%, from $6.38B in 2017 to $14.6B in 2022.

In 2020, Italy exported services to Belgium worth $2.19B, with Other business services ($1.21B), Travel ($640M), and Computer and information services ($140M) being the largest in terms of value.

Belgium-Italy Trade: In 2022, Belgium exported $17.7B to Italy. The main products that Belgium exported to Italy were Packaged Medicaments ($2.9B), Vaccines, blood, antisera, toxins and cultures ($2.08B), and Cars ($740M). Over the past 5 years the exports of Belgium to Italy have increased at an annualized rate of 13.3%,  from $9.51B in 2017 to $17.7B in 2022.

In 2020, Belgium exported services to Italy worth $2.83B, with Other business services ($1.04B), Transportation ($716M), and Computer and information services ($545M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).