Slovenia (SVN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Slovenia-Belgium Trade: In 2023, Slovenia exported $469M to Belgium. The main products that Slovenia exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($109M), Packaged Medicaments ($49.2M), and Cars ($27.5M). Over the past 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 6.17%, from $348M in 2018 to $469M in 2023.

In 2020, Slovenia exported services to Belgium worth $172M, with Transportation ($61.9M), Construction services ($54.7M), and Other business services ($28.6M) being the largest in terms of value.

Belgium-Slovenia Trade: In 2023, Belgium exported $684M to Slovenia. The main products that Belgium exported to Slovenia were Cars ($36M), Refined Petroleum ($32.3M), and Tractors ($29.5M). Over the past 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 3.67%, from $551M in 2018 to $684M in 2023.

In 2020, Belgium exported services to Slovenia worth $118M, with Travel ($48M), Computer and information services ($32M), and Other business services ($20.6M) being the largest in terms of value.

Comparison: In 2023, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Slovenia exported $469M to Belgium. The main products exported from Slovenia to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($109M), Packaged Medicaments ($49.2M), and Cars ($27.5M). During the last 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 6.17%, from $348M in 2018 to $469M in 2023.

In 2018, Belgium exported $684M to Slovenia. The main products exported from Belgium to Slovenia were Cars ($36M), Refined Petroleum ($32.3M), and Tractors ($29.5M). During the last 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 3.67%, from $551M in 2023 to $684M in 2018.

Exports from Slovenia () to Belgium () (2023)

Exports from Belgium () to Slovenia () (2023)

Latest Data

Trade between Slovenia () and Belgium ()

Slovenia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovenia
Top DestinationSwitzerland$13.5B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Slovenia than Belgium included Switzerland ($13.5B), Croatia ($4.85B), and Bosnia and Herzegovina ($706M).

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

Difference in imports from Belgium () and Slovenia () (2023)

Comparative Advantage Slovenia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Slovenia had a large net trade with Belgium in the exports of Transportation ($144M), Chemical Products ($82.1M), and Machines ($73.7M).

During 2018, Belgium had a large net trade with Slovenia in the exports of Chemical Products ($171M), Plastics and Rubbers ($95.2M), and Transportation ($86.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovenia Belgium+$57.3MPackaged Medicaments

Top Product Potential Belgium Slovenia+$42MRefined Petroleum

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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Bilateral Service Trade

Bel Year

Svn Year

In 2020, Slovenia exported services to Belgium worth $172M, with Transportation ($61.9M), Construction services ($54.7M), and Other business services ($28.6M) being the largest in terms of value.

In 2020, Belgium exported services to Slovenia worth $118M, with Travel ($48M), Computer and information services ($32M), and Other business services ($20.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovenia () to Belgium () (2020)

Services Exports from Belgium () to Slovenia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Slovenia () to Belgium () (2023)

Exports from Belgium () to Slovenia () (2023)

Latest Data

Trade between Slovenia () and Belgium ()

Slovenia Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Slovenia () (2023)

Comparative Advantage Slovenia - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Slovenia () to Belgium () (2020)

Services Exports from Belgium () to Slovenia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Slovenia () and Belgium () (2023)

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