Mexico (MEX) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Mexico-Belgium Trade: In 2022, Mexico exported $3.13B to Belgium. The main products that Mexico exported to Belgium were Cars ($1.15B), Medical Instruments ($947M), and Lead Ore ($185M). Over the past 5 years the exports of Mexico to Belgium have increased at an annualized rate of 14.8%, from $1.57B in 2017 to $3.13B in 2022.

In 2022, Mexico did not export any services to Belgium.

Belgium-Mexico Trade: In 2022, Belgium exported $1.81B to Mexico. The main products that Belgium exported to Mexico were Electric Batteries ($265M), Vaccines, blood, antisera, toxins and cultures ($198M), and Cars ($87.8M). Over the past 5 years the exports of Belgium to Mexico have increased at an annualized rate of 11.4%, from $947M in 2017 to $1.81B in 2022.

In 2020, Belgium exported services to Mexico worth $342M, with Other business services ($263M), Transportation ($25.1M), and Insurance services ($21.7M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $3.13B to Belgium. The main products exported from Mexico to Belgium were Cars ($1.15B), Medical Instruments ($947M), and Lead Ore ($185M). During the last 5 years the exports of Mexico to Belgium have increased at an annualized rate of 14.8%, from $1.57B in 2017 to $3.13B in 2022.

In 2017, Belgium exported $1.81B to Mexico. The main products exported from Belgium to Mexico were Electric Batteries ($265M), Vaccines, blood, antisera, toxins and cultures ($198M), and Cars ($87.8M). During the last 5 years the exports of Belgium to Mexico have increased at an annualized rate of 11.4%, from $947M in 2022 to $1.81B in 2017.

Exports from Mexico () to Belgium () (2022)

Exports from Belgium () to Mexico () (2022)

Latest Data

Trade between Mexico () and Belgium ()

Mexico Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Mexico than Belgium included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Difference in imports from Belgium () and Mexico () (2022)

Comparative Advantage Mexico - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Belgium in the exports of Transportation ($1.17B), Instruments ($974M), and Mineral Products ($249M).

During 2017, Belgium had a large net trade with Mexico in the exports of Chemical Products ($610M), Machines ($527M), and Metals ($147M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Belgium+$297MCars

Top Product Potential Belgium Mexico+$96.7MCars

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

Bel Year

In 2020, Belgium exported services to Mexico worth $342M, with Other business services ($263M), Transportation ($25.1M), and Insurance services ($21.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Belgium () (2022)

Exports from Belgium () to Mexico () (2022)

Latest Data

Trade between Mexico () and Belgium ()

Mexico Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Mexico () (2022)

Comparative Advantage Mexico - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Belgium () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Belgium () (2022)

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