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Pricing

2022
Flag → Flag
Exports $1.46BRnk 33 / 138
2022
Flag → Flag
Top Product $346MCyclic Hydrocarbons
2022
Flag → Flag
Exports $2.15BRnk 32 / 222
2022
Flag → Flag
Top Product $646MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Saudi Arabia-Belgium Trade: In 2022, Saudi Arabia exported $1.46B to Belgium. The main products that Saudi Arabia exported to Belgium were Cyclic Hydrocarbons ($346M), Ethylene Polymers ($296M), and Refined Petroleum ($240M). Over the past 5 years the exports of Saudi Arabia to Belgium have decreased at an annualized rate of 6.37%, from $2.03B in 2017 to $1.46B in 2022.

In 2022, Saudi Arabia did not export any services to Belgium.

Belgium-Saudi Arabia Trade: In 2022, Belgium exported $2.15B to Saudi Arabia. The main products that Belgium exported to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($646M), Packaged Medicaments ($169M), and Other Frozen Vegetables ($119M). Over the past 5 years the exports of Belgium to Saudi Arabia have increased at an annualized rate of 12.2%,  from $1.21B in 2017 to $2.15B in 2022.

In 2022, Belgium did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $1.46B to Belgium. The main products exported from Saudi Arabia to Belgium were Cyclic Hydrocarbons ($346M), Ethylene Polymers ($296M), and Refined Petroleum ($240M). During the last 5 years the exports of Saudi Arabia to Belgium have decreased at an annualized rate of 6.37%, from $2.03B in 2017 to $1.46B in 2022.

In 2017, Belgium exported $2.15B to Saudi Arabia. The main products exported from Belgium to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($646M), Packaged Medicaments ($169M), and Other Frozen Vegetables ($119M). During the last 5 years the exports of Belgium to Saudi Arabia have increased at an annualized rate of 12.2%, from $1.21B in 2022 to $2.15B in 2017.

Exports from Saudi Arabia (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Belgium (Flag)

Saudi Arabia Exports

Belgium Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$68B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Saudi Arabia than Belgium included China ($68B), India ($46.2B), and South Korea ($36B).

In 2022, countries that imported more from Belgium than Saudi Arabia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Belgium

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Belgium in the exports of Chemical Products ($602M), Plastics and Rubbers ($553M), and Mineral Products ($255M).

During 2017, Belgium had a large net trade with Saudi Arabia in the exports of Chemical Products ($1.21B), Foodstuffs ($218M), and Machines ($195M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Belgium+$226MRefined Petroleum
Top Product Potential Belgium Saudi Arabia+$78.8MPackaged Medicaments

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 Saudi Arabia and Belgium. This means that a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Saudi Arabia.

Product Space of Saudi Arabia (Flag) and Belgium (Flag) (2022)

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