United States (USA) and Belgium (BEL) Trade

2022

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Exports $30.7BRnk 15 / 219

2022

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About

United States-Belgium In 2022, United States exported $30.7B to Belgium. The main products that United States exported to Belgium are Packaged Medicaments ($2B), Petroleum Gas ($1.93B), and Vaccines, blood, antisera, toxins and cultures ($1.9B). During the last 23 years the exports of United States to Belgium have increased at an annualized rate of 4.22%, from $11.9B in 1999 to $30.7B in 2022.

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 2022, Belgium exported $29B to United States. The main products that Belgium exported to United States were Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). During the last 23 years the exports of Belgium to United States have increased at an annualized rate of 5.12%, from $9.21B in 1999 to $29B in 2022.

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 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (34.8k), BARRY CALLEBAUT USA LLC (21.2k), and AUTOMOTIVE LIGHTING CORPORATION (20.6k) were at the forefront of exporting goods from Belgium to the United States. Conversely, LOGISTEC LOGISTIK, MANAGEMENT & CON (16.6k), ROBERT BOSCH GMBH (16.3k), and BARRY CALLEBAUT BELGIUM NV (11.7k) were notable for importing Belgium products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $2.67B and imported $1.71B from Belgium, resulting in a positive trade balance of $963M. Between January 2023 and January 2024 the exports of United States have decreased by $-1.02B (-27.5%) from $3.69B to $2.67B, while imports decreased by $-245M (-12.5%) from $1.96B to $1.71B.

Trade In January 2024, the top exports of United States to Belgium were Vaccines, blood, antisera, toxins and cultures ($969M), Diamonds ($179M), Medical Instruments ($176M), Ethylene Polymers ($130M), and Refined Petroleum ($123M). In January 2024 the top imports of United States from Belgium were Vaccines, blood, antisera, toxins and cultures ($606M), Diamonds ($177M), Cars ($137M), Refined Petroleum ($123M), and Packaged Medicaments ($106M).

Origins In January 2024 the exports of United States were mainly from Texas ($498M), Louisiana ($306M), New York ($195M), California ($178M), and Pennsylvania ($116M), while imports destinations were mainly Kentucky ($281M), Georgia ($253M), New York ($182M), Pennsylvania ($128M), and Massachusetts ($103M).

Growth In January 2024, the decrease in United States's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Acyclic Hydrocarbons ($-90.1M or -75.5%), Diamonds ($-36.2M or -16.8%), and Nucleic Acids ($-19.6M or -72.1%). In January 2024, the decrease in United States's year-by-year imports from Belgium was explained primarily by an decrease in product imports in Packaged Medicaments ($-36.5M or -25.5%), Unpackaged Medicaments ($-28.4M or -95.4%), and Platinum ($-20.3M or -23.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.02B(-27.5%)

IMPORT GROWTH (January 2023 - January 2024)$-245M(-12.5%)

MAIN EXPORTER (January 2024)Texas$498M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $30.7B to Belgium. The main products exported from United States to Belgium were Packaged Medicaments ($2B), Petroleum Gas ($1.93B), and Vaccines, blood, antisera, toxins and cultures ($1.9B). During the last 23 years the exports of United States to Belgium have increased at an annualized rate of 4.22%, from $11.9B in 1999 to $30.7B in 2022.

In 2022, Belgium exported $29B to United States. The main products exported from Belgium to United States were Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). During the last 23 years the exports of Belgium to United States have increased at an annualized rate of 5.12%, from $9.21B in 1999 to $29B in 2022.

Exports from United States () to Belgium () (2022)

Exports from Belgium () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Belgium
Top DestinationGermany$91.9B

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 2021, countries that imported more from United States than Belgium were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Belgium than United States were France ($71.1B), Germany ($91.9B), and Luxembourg ($7.67B).

Difference in imports from Belgium () and United States () (2022)

Comparative Advantage United States - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Belgium in the exports of Chemical Products ($10.5B), Mineral Products ($4.05B), and Plastics and Rubbers ($3.79B).

During 2022, Belgium had a large net trade with United States in the exports of Chemical Products ($17.3B), Precious Metals ($2.75B), and Machines ($2.43B).

Service Trade

Bilateral Service Trade

Bel Year

Usa 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.

Services Exports from United States () to Belgium () (2017)

Services Exports from Belgium () to United States () (2020)

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.

Product Space of United States () and Belgium () (2022)

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