Flag Russia / Belgium Flag

2019
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Exports
: $6.82B, Rnk 14 / 197

2019
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Top Product
: $2.18B, Diamonds

2019
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Exports
: $4.43B, Rnk 15 / 219

2019
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Top Product
: $834M, Packaged Medicaments

2019
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Economic Complexity (ECI)
: ECI 0.58, Rnk 45 / 146

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

2019
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GDP
: $1.7T, CURRENT US$
Rnk 11 / 187

2009-2019
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GDP GROWTH
: 39%, CURRENT US$
Rnk 113 / 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 
: $11,585, CURRENT US$
Rnk 65 / 187

2009-2019
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GDP PC GROWTH
: 35.3%, CURRENT US$
Rnk 81 / 187

2019
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GDP PC
: $46,421, CURRENT US$
Rnk 19 / 187

2009-2019
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GDP PC GROWTH
: 4.12%, CURRENT US$
Rnk 147 / 187

Russia-Belgium In 2019, Russia exported $6.82B to Belgium. The main products that Russia exported to Belgium are Diamonds ($2.18B), Refined Petroleum ($1.72B), and Semi-Finished Iron ($736M). During the last 20 years the exports of Russia to Belgium have increased at an annualized rate of 9.29%, from $1.15B in 1999 to $6.82B in 2019.

In 2018, Russia exported services to Belgium worth $408M, with Other business services ($264M), Transportation ($59.9M), and Travel ($47.1M) being the largest in terms of value.

Belgium-Russia In 2019, Belgium exported $4.43B to Russia . The main products that Belgium exported to Russia were Packaged Medicaments ($834M), Blood, antisera, vaccines, toxins and cultures ($293M), and Refined Petroleum ($121M). During the last 20 years the exports of Belgium to Russia have increased at an annualized rate of 9.61%, from $706M in 1999 to $4.43B in 2019.

In 2018, Belgium exported services to Russia worth $451M, with Other business services ($217M), Transportation ($99.2M), and Travel ($43.7M) being the largest in terms of value.

Comparison In 2019,  Russia ranked 45 in the Economic Complexity Index (ECI 0.58), and 13 in total exports ($407B). 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, Russia exported $6.82B to Belgium. The main products exported from Russia to Belgium were Diamonds ($2.18B), Refined Petroleum ($1.72B), and Semi-Finished Iron ($736M). During the last 20 years the exports of Russia to Belgium have increased at an annualized rate of 9.29%, from $1.15B in 1999 to $6.82B in 2019.

In 2019, Belgium exported $4.43B to Russia. The main products exported from Belgium to Russia were Packaged Medicaments ($834M), Blood, antisera, vaccines, toxins and cultures ($293M), and Refined Petroleum ($121M). During the last 20 years the exports of Belgium to Russia have increased at an annualized rate of 9.61%, from $706M in 1999 to $4.43B in 2019.

Russia Exports

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Belgium Exports

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Market Competitiveness

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Measure

Russia
Top Destination
: China, $58.1B

Belgium
Top Destination
: Germany, $68.9B

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

In 2019, countries that imported more from Russia than Belgium were China ($58.1B), Belarus ($20.5B), and South Korea ($16.3B).

In 2019, countries that imported more from Belgium than Russia were France ($55.6B), Germany ($68.9B), and United Kingdom ($33.3B).

Comparative Advantage Russia - Belgium

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Depth

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

During 2019, Russia had a large net trade with Belgium in the exports of Mineral Products ($2.72B), Precious Metals ($2.19B), and Metals ($1.08B).

During 2019, Belgium had a large net trade with Russia in the exports of Chemical Products ($1.91B), Machines ($628M), and Plastics and Rubbers ($434M).

Tariff Section

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

In 2018, the products from Russia that paid the highest import tariffs to enter Belgium were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2017, the products from Belgium that paid the highest import tariffs to enter Russia were Sugar beet (178%) and Whey (173%).

*The tariffs present between Russia and Belgium are:
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2018, Russia exported services to Belgium worth $408M, with Other business services ($264M), Transportation ($59.9M), and Travel ($47.1M) being the largest in terms of value.

In 2018, Belgium exported services to Russia worth $451M, with Other business services ($217M), Transportation ($99.2M), and Travel ($43.7M) 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 Russia has comparative advantage over Belgium. Similarly, the more red a dot/product is, the more Belgium has comparative advantage over Russia.