2022
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GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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 GDP
$579BCURRENT US$
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2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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2022
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GDP PC
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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About

Italy-Belgium In 2022, Italy exported $23.2B to Belgium. The main products that Italy exported to Belgium are Packaged Medicaments ($8.88B), Vaccines, blood, antisera, toxins and cultures ($1.4B), and Cars ($577M). During the last 23 years the exports of Italy to Belgium have increased at an annualized rate of 5.77%, from $6.38B in 1999 to $23.2B 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 In 2022, Belgium exported $22.5B 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). During the last 23 years the exports of Belgium to Italy have increased at an annualized rate of 3.82%, from $9.51B in 1999 to $22.5B 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 N/A,  Italy ranked 7 in total exports ($634B). That same year, Belgium ranked 13 in total exports ($475B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $23.2B to Belgium. The main products exported from Italy to Belgium were Packaged Medicaments ($8.88B), Vaccines, blood, antisera, toxins and cultures ($1.4B), and Cars ($577M). During the last 23 years the exports of Italy to Belgium have increased at an annualized rate of 5.77%, from $6.38B in 1999 to $23.2B in 2022.

In 2022, Belgium exported $22.5B to Italy. The main products exported from Belgium to Italy were Packaged Medicaments ($2.9B), Vaccines, blood, antisera, toxins and cultures ($2.08B), and Cars ($740M). During the last 23 years the exports of Belgium to Italy have increased at an annualized rate of 3.82%, from $9.51B in 1999 to $22.5B in 2022.

Exports from Italy (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Belgium
Top Destination
Germany$91.9B

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 2021, countries that imported more from Italy than Belgium were United States ($68.2B), Switzerland ($27.8B), and Spain ($32.8B).

In 2021, countries that imported more from Belgium than Italy were Netherlands ($65.7B), Germany ($91.9B), and France ($71.1B).

Difference in imports from Belgium (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Belgium

Flow
Scale

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

During 2022, Italy had a large net trade with Belgium in the exports of N/A.

During 2022, Belgium had a large net trade with Italy in the exports of Chemical Products ($8.64B), Plastics and Rubbers ($2.62B), and Machines ($2.54B).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Belgium (Flag) (2020)

Services Exports from Belgium (Flag) to Italy (Flag) (2020)

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Belgium (Flag) (2022)

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