Flag Italy / Belgium Flag

2019
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Exports
: $15.9B, Rnk 7 / 224

2019
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Top Product
: $4.77B, Packaged Medicaments

2019
FlagFlag
Exports
: $22.1B, Rnk 6 / 219

2019
FlagFlag
Top Product
: $2.71B, Packaged Medicaments

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 1.34, Rnk 18 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $533B, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP GROWTH
: 10.8%, CURRENT US$
Rnk 161 / 187

2019
Flag
GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
Flag
GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
Flag
GDP PC
: $46,421, CURRENT US$
Rnk 19 / 187

2009-2019
Flag
GDP PC GROWTH
: 4.12%, CURRENT US$
Rnk 147 / 187

Italy-Belgium In 2019, Italy exported $15.9B to Belgium. The main products that Italy exported to Belgium are Packaged Medicaments ($4.77B), Cars ($512M), and Blood, antisera, vaccines, toxins and cultures ($391M). During the last 20 years the exports of Italy to Belgium have increased at an annualized rate of 4.67%, from $6.38B in 1999 to $15.9B in 2019.

In 2018, Italy exported services to Belgium worth $2.71B, with Other business services ($1.34B), Travel ($871M), and Transportation ($195M) being the largest in terms of value.

Belgium-Italy In 2019, Belgium exported $22.1B to Italy . The main products that Belgium exported to Italy were Packaged Medicaments ($2.71B), Cars ($1.82B), and Blood, antisera, vaccines, toxins and cultures ($1.42B). During the last 20 years the exports of Belgium to Italy have increased at an annualized rate of 4.31%, from $9.5B in 1999 to $22.1B in 2019.

In 2018, Belgium exported services to Italy worth $2.9B, with Other business services ($1.04B), Transportation ($938M), and Computer and information services ($448M) being the largest in terms of value.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.34), and 12 in total exports ($411B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $15.9B to Belgium. The main products exported from Italy to Belgium were Packaged Medicaments ($4.77B), Cars ($512M), and Blood, antisera, vaccines, toxins and cultures ($391M). During the last 20 years the exports of Italy to Belgium have increased at an annualized rate of 4.67%, from $6.38B in 1999 to $15.9B in 2019.

In 2019, Belgium exported $22.1B to Italy. The main products exported from Belgium to Italy were Packaged Medicaments ($2.71B), Cars ($1.82B), and Blood, antisera, vaccines, toxins and cultures ($1.42B). During the last 20 years the exports of Belgium to Italy have increased at an annualized rate of 4.31%, from $9.5B in 1999 to $22.1B in 2019.

Belgium Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Belgium
Top Destination
: Germany, $68.9B

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

In 2019, countries that imported more from Italy than Belgium were United States ($51.8B), Switzerland ($24.5B), and Spain ($26.7B).

In 2019, countries that imported more from Belgium than Italy were Netherlands ($53.1B), Luxembourg ($6.92B), and United Kingdom ($33.3B).

Comparative Advantage Italy - Belgium

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Depth

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

During 2019, Italy had a large net trade with Belgium in the exports of Chemical Products ($6.3B), Machines ($2.52B), and Transportation ($1.25B).

During 2019, Belgium had a large net trade with Italy in the exports of Chemical Products ($8.43B), Plastics and Rubbers ($2.28B), and Transportation ($2.24B).

Bilateral Service Trade

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In 2018, Italy exported services to Belgium worth $2.71B, with Other business services ($1.34B), Travel ($871M), and Transportation ($195M) being the largest in terms of value.

In 2018, Belgium exported services to Italy worth $2.9B, with Other business services ($1.04B), Transportation ($938M), and Computer and information services ($448M) 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 red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Belgium. Similarly, the more red a dot/product is, the more Belgium has comparative advantage over Italy.