United States (USA) and Belgium (BEL) Trade | OEC - The Observatory of Economic Complexity

About

United States-Belgium In 2020, United States exported $22.4B to Belgium. The main products that United States exported to Belgium are Cars ($2.45B), Medical Instruments ($1.89B), and Packaged Medicaments ($1.76B). During the last 21 years the exports of United States to Belgium have increased at an annualized rate of 3.02%, from $12B in 1999 to $22.4B in 2020.

In 2017, United States exported services to Belgium worth $5.78B, with Other business services ($2.23B), Royalties and license fees ($887M), and Travel ($743M) being the largest in terms of value.

Belgium-United States In 2020, Belgium exported $24.7B to United States. The main products that Belgium exported to United States were N/A. During the last 21 years the exports of Belgium to United States have increased at an annualized rate of 4.82%, from $9.18B in 1999 to $24.7B in 2020.

In 2020, Belgium exported services to United States worth $12.1B, with Other business services ($8.74B), Transportation ($918M), and Financial services ($694M) being the largest in terms of value.

Comparison In 2020, United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B).

Latest Trends

#

October, 2022

About

#

Overview In October 2022, United States exported $2.86B and imported $3.3B from Belgium, resulting in a negative trade balance of $442M. Between October 2021 and October 2022 the exports of United States have decreased by $-144M (-4.79%) from $3B to $2.86B, while imports increased by $1.33B (67.7%) from $1.97B to $3.3B.

Origins In October 2022 the exports of United States were mainly from Texas ($530M), Louisiana ($258M), New York ($186M), California ($153M), and Mississippi ($139M), while imports destinations were mainly Pennsylvania ($768M), Wisconsin ($398M), Georgia ($346M), New York ($340M), and Tennessee ($297M).

Latest Trade

#

Flow

Time Scale

Depth

Value

EXPORT GROWTH (October 2021 - October 2022): $-144M, (-4.79%)

IMPORT GROWTH (October 2021 - October 2022): $1.33B, (67.7%)

MAIN EXPORTER (October 2022): Texas, $530M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Belgium and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and United States Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2020, United States exported $22.4B to Belgium. The main products exported from United States to Belgium were Cars ($2.45B), Medical Instruments ($1.89B), and Packaged Medicaments ($1.76B). During the last 21 years the exports of United States to Belgium have increased at an annualized rate of 3.02%, from $12B in 1999 to $22.4B in 2020.

In 2020, Belgium exported $24.7B to United States. There were not main exports from Belgium to United States in 2020. During the last 21 years the exports of Belgium to United States have increased at an annualized rate of 4.82%, from $9.18B in 1999 to $24.7B in 2020.

Market Competitiveness

#

Measure

SectionYear

United States
Top Destination: Canada, $218B

Belgium
Top Destination: Germany, $45.7B

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

In 2019, countries that imported more from United States than Belgium were Canada ($218B), Mexico ($196B), and China ($122B).

In 2019, countries that imported more from Belgium than United States were France ($44.4B), Luxembourg ($5.48B), and Sweden ($6.02B).

Comparative Advantage United States - Belgium

#

Flow

Year

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

During 2020, United States had a large net trade with Belgium in the exports of Chemical Products ($7.45B), Machines ($3.11B), and Transportation ($2.96B).

During 2020, Belgium had a large net trade with United States in the exports of N/A.

Service Trade

#

Bilateral Service Trade

#

Bel YearUsa Year

In 2017, United States exported services to Belgium worth $5.78B, with Other business services ($2.23B), Royalties and license fees ($887M), and Travel ($743M) being the largest in terms of value.

In 2020, Belgium exported services to United States worth $12.1B, with Other business services ($8.74B), Transportation ($918M), and Financial services ($694M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#

Competitive Landscape

#

Year

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 United States has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over United States.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage United States - Belgium

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles