Flag Norway / Belgium Flag

2020
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Exports
: $2.96B, Rnk 9 / 197

2020
FlagFlag
Top Product
: $1.85B, Petroleum Gas

2020
FlagFlag
Exports
: $1.42B, Rnk 33 / 218

2020
FlagFlag
Top Product
: $163M, Cars

2020
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Economic Complexity (ECI)
: ECI 0.71, Rnk 36 / 127

2020
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Economic Complexity (ECI)
: ECI 1.33, Rnk 17 / 127

2020
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GDP
: $362B, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP GROWTH
: -15.5%, CURRENT US$
Rnk 182 / 195

2020
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 GDP
: $522B, CURRENT US$
Rnk 23 / 195

2010-2020
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GDP GROWTH
: 8.51%, CURRENT US$
Rnk 144 / 195

2020
Flag
GDP PC 
: $67,330, CURRENT US$
Rnk 7 / 195

2010-2020
Flag
GDP PC GROWTH
: -23.2%, CURRENT US$
Rnk 176 / 195

2020
Flag
GDP PC
: $45,159, CURRENT US$
Rnk 20 / 195

2010-2020
Flag
GDP PC GROWTH
: 2.3%, CURRENT US$
Rnk 128 / 195

Norway-Belgium In 2020, Norway exported $2.96B to Belgium. The main products that Norway exported to Belgium are Petroleum Gas ($1.85B), Refined Petroleum ($274M), and Packaged Medicaments ($142M). During the last 21 years the exports of Norway to Belgium have increased at an annualized rate of 4.54%, from $1.16B in 1999 to $2.96B in 2020.

In 2009, Norway exported services to Belgium worth $1.53B, with Other business services ($753M), Transportation ($549M), and Computer and information services ($79.8M) being the largest in terms of value.

Belgium-Norway In 2020, Belgium exported $1.42B to Norway. The main products that Belgium exported to Norway were Cars ($163M), Orthopedic Appliances ($69.6M), and Nucleic Acids ($64.5M). During the last 21 years the exports of Belgium to Norway have increased at an annualized rate of 2.43%, from $856M in 1999 to $1.42B in 2020.

In 2020, Belgium exported services to Norway worth $509M, with Other business services ($211M), Transportation ($172M), and Insurance services ($46.8M) being the largest in terms of value.

Comparison In 2020,  Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Norway exported $2.96B to Belgium. The main products exported from Norway to Belgium were Petroleum Gas ($1.85B), Refined Petroleum ($274M), and Packaged Medicaments ($142M). During the last 21 years the exports of Norway to Belgium have increased at an annualized rate of 4.54%, from $1.16B in 1999 to $2.96B in 2020.

In 2020, Belgium exported $1.42B to Norway. The main products exported from Belgium to Norway were Cars ($163M), Orthopedic Appliances ($69.6M), and Nucleic Acids ($64.5M). During the last 21 years the exports of Belgium to Norway have increased at an annualized rate of 2.43%, from $856M in 1999 to $1.42B in 2020.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $14B

Belgium
Top Destination
: Germany, $45.7B

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

In 2019, countries that imported more from Norway than Belgium were Sweden ($9.1B), Denmark ($3.38B), and Iceland ($490M).

In 2019, countries that imported more from Belgium than Norway were France ($44.4B), Germany ($45.7B), and Netherlands ($37.1B).

Comparative Advantage Norway - Belgium

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Flow

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

During 2020, Norway had a large net trade with Belgium in the exports of Mineral Products ($2.26B), Chemical Products ($243M), and Metals ($146M).

During 2020, Belgium had a large net trade with Norway in the exports of Chemical Products ($319M), Transportation ($243M), and Machines ($163M).

Bilateral Service Trade

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In 2009, Norway exported services to Belgium worth $1.53B, with Other business services ($753M), Transportation ($549M), and Computer and information services ($79.8M) being the largest in terms of value.

In 2020, Belgium exported services to Norway worth $509M, with Other business services ($211M), Transportation ($172M), and Insurance services ($46.8M) 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 yellow.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Norway.