Flag Romania / Belgium Flag

2021
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Exports
: $1.83B, Rnk 15 / 197

2021
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Top Product
: $188M, Cars

2021
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Exports
: $2.5B, Rnk 29 / 221

2021
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Top Product
: $260M, Copper Wire

2021
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Economic Complexity (ECI)
: ECI 1.07, Rnk 26 / 131

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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GDP
: $284B, CURRENT US$
Rnk 44 / 182

2011-2021
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GDP GROWTH
: 55%, CURRENT US$
Rnk 47 / 182

2021
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 GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
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GDP PC 
: $14,862, CURRENT US$
Rnk 55 / 182

2011-2021
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GDP PC GROWTH
: 63.3%, CURRENT US$
Rnk 16 / 182

2021
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GDP PC
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

Romania-Belgium In 2021, Romania exported $1.83B to Belgium. The main products that Romania exported to Belgium are Cars ($188M), Insulated Wire ($173M), and Rapeseed ($108M). During the last 22 years the exports of Romania to Belgium have increased at an annualized rate of 10.9%, from $187M in 1999 to $1.83B in 2021.

In 2020, Romania exported services to Belgium worth $1.06B, with Transportation ($551M), Other business services ($202M), and Computer and information services ($148M) being the largest in terms of value.

Belgium-Romania In 2021, Belgium exported $2.5B to Romania. The main products that Belgium exported to Romania were Copper Wire ($260M), Packaged Medicaments ($180M), and Cars ($129M). During the last 22 years the exports of Belgium to Romania have increased at an annualized rate of 11.8%, from $216M in 1999 to $2.5B in 2021.

In 2020, Belgium exported services to Romania worth $553M, with Other business services ($182M), Travel ($128M), and Computer and information services ($112M) being the largest in terms of value.

Comparison In 2021,  Romania ranked 26 in the Economic Complexity Index (ECI 1.07), and 42 in total exports ($90.8B). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Romania exported $1.83B to Belgium. The main products exported from Romania to Belgium were Cars ($188M), Insulated Wire ($173M), and Rapeseed ($108M). During the last 22 years the exports of Romania to Belgium have increased at an annualized rate of 10.9%, from $187M in 1999 to $1.83B in 2021.

In 2021, Belgium exported $2.5B to Romania. The main products exported from Belgium to Romania were Copper Wire ($260M), Packaged Medicaments ($180M), and Cars ($129M). During the last 22 years the exports of Belgium to Romania have increased at an annualized rate of 11.8%, from $216M in 1999 to $2.5B in 2021.

Romania Exports

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Belgium Exports

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Market Competitiveness

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Color

Romania
Top Destination
: Germany, $17.7B

Belgium
Top Destination
: Germany, $62.7B

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

In 2021, countries that imported more from Romania than Belgium were Bulgaria ($3.45B), Hungary ($4.51B), and Moldova ($1.34B).

In 2021, countries that imported more from Belgium than Romania were France ($59.9B), Netherlands ($50.4B), and Germany ($62.7B).

Comparative Advantage Romania - Belgium

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Flow
Scale

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

During 2021, Romania had a large net trade with Belgium in the exports of Machines ($615M), Transportation ($295M), and Textiles ($144M).

During 2021, Belgium had a large net trade with Romania in the exports of Chemical Products ($478M), Metals ($408M), and Machines ($406M).

Bilateral Service Trade

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In 2020, Romania exported services to Belgium worth $1.06B, with Transportation ($551M), Other business services ($202M), and Computer and information services ($148M) being the largest in terms of value.

In 2020, Belgium exported services to Romania worth $553M, with Other business services ($182M), Travel ($128M), and Computer and information services ($112M) 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 Romania has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Romania.