Flag Norway / Belgium Flag

2019
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Exports
: $4.36B, Rnk 9 / 208

2019
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Top Product
: $2.82B, Petroleum Gas

2019
FlagFlag
Exports
: $1.73B, Rnk 33 / 219

2019
FlagFlag
Top Product
: $99.5M, Cars

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

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

2019
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GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 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
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GDP PC 
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 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

Norway-Belgium In 2019, Norway exported $4.36B to Belgium. The main products that Norway exported to Belgium are Petroleum Gas ($2.82B), Refined Petroleum ($458M), and Acyclic Hydrocarbons ($230M). During the last 20 years the exports of Norway to Belgium have increased at an annualized rate of 6.89%, from $1.15B in 1999 to $4.36B in 2019.

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 2019, Belgium exported $1.73B to Norway . The main products that Belgium exported to Norway were Cars ($99.5M), Wheat Gluten ($95M), and Refined Petroleum ($85.3M). During the last 20 years the exports of Belgium to Norway have increased at an annualized rate of 3.98%, from $794M in 1999 to $1.73B in 2019.

In 2018, Belgium exported services to Norway worth $511M, with Other business services ($219M), Transportation ($167M), and Computer and information services ($47.2M) being the largest in terms of value.

Comparison In 2019,  Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B). 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, Norway exported $4.36B to Belgium. The main products exported from Norway to Belgium were Petroleum Gas ($2.82B), Refined Petroleum ($458M), and Acyclic Hydrocarbons ($230M). During the last 20 years the exports of Norway to Belgium have increased at an annualized rate of 6.89%, from $1.15B in 1999 to $4.36B in 2019.

In 2019, Belgium exported $1.73B to Norway. The main products exported from Belgium to Norway were Cars ($99.5M), Wheat Gluten ($95M), and Refined Petroleum ($85.3M). During the last 20 years the exports of Belgium to Norway have increased at an annualized rate of 3.98%, from $794M in 1999 to $1.73B in 2019.

Norway Exports

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Belgium Exports

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Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $20B

Belgium
Top Destination
: Germany, $68.9B

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 ($10.1B), Denmark ($4.43B), and Iceland ($713M).

In 2019, countries that imported more from Belgium than Norway were Germany ($68.9B), France ($55.6B), and Netherlands ($53.1B).

Comparative Advantage Norway - Belgium

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Depth

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

During 2019, Norway had a large net trade with Belgium in the exports of Mineral Products ($3.51B), Chemical Products ($360M), and Metals ($130M).

During 2019, Belgium had a large net trade with Norway in the exports of Chemical Products ($370M), Transportation ($269M), and Machines ($239M).

Flow

Tariff Section

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This section shows import tariffs for products traded between Norway and Belgium (using the HS6 product classification and the last year reported).

In 2019, the products from Norway that paid the highest import tariffs to enter Belgium were Flour or meal, pellet of meat or offal for animal fee (1.99k%) and Meat and edible meat offal: salted, in brine, dried or smoked: edible flours, meals of meat or meat offal, of whales, dolphins, porpoises (of order Cetacea): manatees, dugongs (of order Sirenia): seals, sea lions, and walruses (of suborder Pinnipedia) (1.12k%).

In 2019, the products from Belgium that paid the highest import tariffs to enter Norway were Sugar beet (168%) and Whey (164%).

*The tariffs present between Norway and Belgium are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
216: Preferential tariff for European Economic Area
216: Preferential tariff for European Economic Area
218: Preferential tariff for European Union countries
218: Preferential tariff for European Union countries

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 2018, Belgium exported services to Norway worth $511M, with Other business services ($219M), Transportation ($167M), and Computer and information services ($47.2M) 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 Norway has comparative advantage over Belgium. Similarly, the more red a dot/product is, the more Belgium has comparative advantage over Norway.