2023
Flag  
GDP
$213BCURRENT US$
Rnk 55 / 195
2013-2023
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GDP GROWTH
7.18%CURRENT US$
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2023
Flag
 GDP
$645BCURRENT US$
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2013-2023
Flag
GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC 
$80,196CURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP PC GROWTH
-22.7%CURRENT US$
Rnk 182 / 195
2023
Flag
GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH
16.5%CURRENT US$
Rnk 113 / 195

About

Qatar-Belgium Trade: In 2023, Qatar exported $5.29B to Belgium. The main products that Qatar exported to Belgium were Petroleum Gas ($5.13B), Refined Petroleum ($48.6M), and Acyclic Hydrocarbons ($43.6M). Over the past 5 years the exports of Qatar to Belgium have increased at an annualized rate of 45.7%, from $807M in 2018 to $5.29B in 2023.

In 2023, Qatar did not export any services to Belgium.

Belgium-Qatar Trade: In 2023, Belgium exported $241M to Qatar. The main products that Belgium exported to Qatar were Packaged Medicaments ($39.5M), Horses ($15.8M), and Industrial Fatty Acids, Oils and Alcohols ($11.2M). Over the past 5 years the exports of Belgium to Qatar have decreased at an annualized rate of 5.16%,  from $314M in 2018 to $241M in 2023.

In 2023, Belgium did not export any services to Qatar.

Comparison: In 2023,  Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Qatar exported $5.29B to Belgium. The main products exported from Qatar to Belgium were Petroleum Gas ($5.13B), Refined Petroleum ($48.6M), and Acyclic Hydrocarbons ($43.6M). During the last 5 years the exports of Qatar to Belgium have increased at an annualized rate of 45.7%, from $807M in 2018 to $5.29B in 2023.

In 2018, Belgium exported $241M to Qatar. The main products exported from Belgium to Qatar were Packaged Medicaments ($39.5M), Horses ($15.8M), and Industrial Fatty Acids, Oils and Alcohols ($11.2M). During the last 5 years the exports of Belgium to Qatar have decreased at an annualized rate of 5.16%, from $314M in 2023 to $241M in 2018.

Exports from Qatar (Flag) to Belgium (Flag) (2023)

Exports from Belgium (Flag) to Qatar (Flag) (2023)

Latest Data

Trade between Qatar (Flag) and Belgium (Flag)

Qatar Exports

Belgium Exports

Market Competitiveness

Color
Qatar
Top Destination
China$20.9B
Belgium
Top Destination
France$85.6B

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

In 2023, countries that imported more from Qatar than Belgium included China ($20.9B), South Korea ($12.1B), and India ($12.9B).

In 2023, countries that imported more from Belgium than Qatar included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium (Flag) and Qatar (Flag) (2023)

Comparative Advantage Qatar - Belgium

Flow
Scale

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

During 2023, Qatar had a large net trade with Belgium in the exports of Mineral Products ($5.18B), Chemical Products ($56.7M), and Plastics and Rubbers ($41.4M).

During 2018, Belgium had a large net trade with Qatar in the exports of Chemical Products ($94.7M), Foodstuffs ($27.3M), and Machines ($22.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Qatar Belgium+$21.8MRefined Petroleum
Top Product Potential Belgium Qatar+$17MVaccines, blood, antisera, toxins and cultures

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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Economic Complexity

Competitive Landscape

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

Product Space of Qatar (Flag) and Belgium (Flag) (2023)

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