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Pricing

2022
Flag → Flag
Exports $6.8BRnk 20 / 211
2022
Flag → Flag
Top Product $1.48BMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $8.82BRnk 9 / 222
2022
Flag → Flag
Top Product $6.02BVaccines, blood, antisera, toxins and cultures
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$4.23TCURRENT US$
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2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$579BCURRENT US$
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2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Japan-Belgium Trade: In 2022, Japan exported $6.8B to Belgium. The main products that Japan exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.48B), Cars ($1.19B), and Medical Instruments ($285M). Over the past 5 years the exports of Japan to Belgium have increased at an annualized rate of 0.98%, from $6.47B in 2017 to $6.8B in 2022.

In 2009, Japan exported services to Belgium worth $4.62B, with Services not allocated ($2.31B), Other business services ($1.64B), and Royalties and license fees ($337M) being the largest in terms of value.

Belgium-Japan Trade: In 2022, Belgium exported $8.82B to Japan. The main products that Belgium exported to Japan were Vaccines, blood, antisera, toxins and cultures ($6.02B), Packaged Medicaments ($615M), and Cars ($266M). Over the past 5 years the exports of Belgium to Japan have increased at an annualized rate of 24.9%,  from $2.9B in 2017 to $8.82B in 2022.

In 2020, Belgium exported services to Japan worth $1.08B, with Other business services ($535M), Royalties and license fees ($234M), and Transportation ($167M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

September, 2024

About

Overview In September 2024, Japan exported ¥71.6B and imported ¥47.1B from Belgium, resulting in a positive trade balance of ¥24.5B. Between September 2023 and September 2024 the exports of Japan have increased by ¥1.33B (1.9%) from ¥70.3B to ¥71.6B, while imports decreased by ¥-50.9B (-51.9%) from ¥98B to ¥47.1B.

Trade In September 2024, the top exports of Japan to Belgium were Cars (¥10.9B), Motor vehicles; parts and accessories (8701... (¥3.97B), Medical Instruments (¥3B), Centrifuges (¥2.66B), and Motorcycles and cycles (¥2.01B). In September 2024 the top imports of Japan from Belgium were Packaged Medicaments (¥4.48B), Platinum (¥3.03B), Cars (¥2.95B), Vaccines, blood, antisera, toxins and cultures (¥2.39B), and Chocolate (¥1.15B).

Origins In September 2024 the exports of Japan were mainly from Aichi (¥12.4B), Fukuoka (¥8.96B), Chiba (¥8.29B), Kanagawa (¥7.2B), and Tokyo (¥6.95B), while imports destinations were mainly Osaka (¥20.2B), Chiba (¥13.9B), Tokyo (¥4.02B), Aichi (¥3.47B), and Hyōgo (¥2.48B).

Growth In September 2024, the increase in Japan's year-by-year exports to Belgium was explained primarily by an increase in product exports in Motorcycles and cycles (¥1.27B or 172%), Centrifuges (¥807M or 43.6%), and Valves (¥658M or 82.1%). In September 2024, the decrease in Japan's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures (¥-23.5B or -90.8%), Cars (¥-1.18B or -28.6%), and Oxygen Heterocyclic Compounds (¥-563M or -97.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)¥1.33B(1.9%)
IMPORT GROWTH (September 2023 - September 2024)¥-50.9B(-51.9%)
MAIN EXPORTER (September 2024)Aichi¥12.4B

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

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

For full datasets download visit Bulk Download page.

Explore Belgium and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $6.8B to Belgium. The main products exported from Japan to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.48B), Cars ($1.19B), and Medical Instruments ($285M). During the last 5 years the exports of Japan to Belgium have increased at an annualized rate of 0.98%, from $6.47B in 2017 to $6.8B in 2022.

In 2017, Belgium exported $8.82B to Japan. The main products exported from Belgium to Japan were Vaccines, blood, antisera, toxins and cultures ($6.02B), Packaged Medicaments ($615M), and Cars ($266M). During the last 5 years the exports of Belgium to Japan have increased at an annualized rate of 24.9%, from $2.9B in 2022 to $8.82B in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Japan than Belgium included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from Belgium than Japan included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Japan - Belgium

Flow
Scale

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

During 2022, Japan had a large net trade with Belgium in the exports of Transportation ($2.9B), Machines ($1.49B), and Chemical Products ($692M).

During 2017, Belgium had a large net trade with Japan in the exports of Chemical Products ($7.16B), Transportation ($331M), and Machines ($260M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Belgium+$355MCars
Top Product Potential Belgium Japan+$242MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2009, Japan exported services to Belgium worth $4.62B, with Services not allocated ($2.31B), Other business services ($1.64B), and Royalties and license fees ($337M) being the largest in terms of value.

In 2020, Belgium exported services to Japan worth $1.08B, with Other business services ($535M), Royalties and license fees ($234M), and Transportation ($167M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Belgium (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and Belgium. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Japan.

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

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