Turkey (TUR) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Turkey-Belgium Trade: In 2023, Turkey exported $3.74B to Belgium. The main products that Turkey exported to Belgium were Cars ($636M), Motor vehicles; parts and accessories (8701 to 8705) ($198M), and Coal Tar Oil ($196M). Over the past 5 years the exports of Turkey to Belgium have decreased at an annualized rate of 1.89%, from $4.12B in 2018 to $3.74B in 2023.

In 2009, Turkey exported services to Belgium worth $351M, with Travel ($345M), Other business services ($5.16M), and Insurance services ($1.03M) being the largest in terms of value.

Belgium-Turkey Trade: In 2023, Belgium exported $4.56B to Turkey. The main products that Belgium exported to Turkey were Scrap Iron ($617M), Cars ($247M), and Tractors ($213M). Over the past 5 years the exports of Belgium to Turkey have increased at an annualized rate of 3.77%, from $3.79B in 2018 to $4.56B in 2023.

In 2020, Belgium exported services to Turkey worth $340M, with Other business services ($137M), Transportation ($135M), and Communications services ($18.3M) being the largest in terms of value.

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $3.74B to Belgium. The main products exported from Turkey to Belgium were Cars ($636M), Motor vehicles; parts and accessories (8701 to 8705) ($198M), and Coal Tar Oil ($196M). During the last 5 years the exports of Turkey to Belgium have decreased at an annualized rate of 1.89%, from $4.12B in 2018 to $3.74B in 2023.

In 2018, Belgium exported $4.56B to Turkey. The main products exported from Belgium to Turkey were Scrap Iron ($617M), Cars ($247M), and Tractors ($213M). During the last 5 years the exports of Belgium to Turkey have increased at an annualized rate of 3.77%, from $3.79B in 2023 to $4.56B in 2018.

Exports from Turkey () to Belgium () (2023)

Exports from Belgium () to Turkey () (2023)

Latest Data

Trade between Turkey () and Belgium ()

Turkey Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Turkey than Belgium included Iraq ($12.8B), United Arab Emirates ($14.7B), and Russia ($10.8B).

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

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

Comparative Advantage Turkey - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Belgium in the exports of Transportation ($1.07B), Machines ($544M), and Mineral Products ($490M).

During 2018, Belgium had a large net trade with Turkey in the exports of Metals ($1.05B), Chemical Products ($1.02B), and Plastics and Rubbers ($827M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Belgium+$164MCars

Top Product Potential Belgium Turkey+$178MRefined 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

Tur Year

2009

2008

In 2009, Turkey exported services to Belgium worth $351M, with Travel ($345M), Other business services ($5.16M), and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Belgium exported services to Turkey worth $340M, with Other business services ($137M), Transportation ($135M), and Communications services ($18.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey () to Belgium () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Belgium () (2023)

Exports from Belgium () to Turkey () (2023)

Latest Data

Trade between Turkey () and Belgium ()

Turkey Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Turkey - Belgium

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Turkey () to Belgium () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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