2022
Exports
$73.5BWorld Rnk 5 / 223
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$46.9BWorld Rnk 4 / 226
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $73.5B in Pharmaceutical products, making it the 5th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 2nd most exported product in Belgium. The main destination of Pharmaceutical products exports from Belgium are: United States ($14.8B), Germany ($10.2B), Japan ($6.65B), Italy ($5.15B), and France ($4.13B).

The fastest growing export markets for Pharmaceutical products of Belgium between 2021 and 2022 were United States ($2.95B), Vietnam ($1.24B), and Japan ($1.18B).

Imports In 2022, Belgium imported $46.9B in Pharmaceutical products, becoming the 4th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 3rd most imported product in Belgium. Belgium imports Pharmaceutical products primarily from: Ireland ($10.6B), Italy ($10.3B), Germany ($5.71B), France ($5.24B), and United States ($4.2B).

The fastest growing import markets in Pharmaceutical products for Belgium between 2021 and 2022 were Ireland ($3.81B), Italy ($2.87B), and Germany ($824M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (28), L'Oreal (19), and Dow Chemical (1) were at the forefront of shipping Pharmaceutical products from Belgium to the United States.

Latest Trends

May 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-3.77B(-87%)
IMPORT GROWTH (May 2023 - May 2024)€-2.95B(-80.5%)
MAIN DESTINATION (May 2024)China€120M

This section shows Pharmaceutical products's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Pharmaceutical products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$73.5B
IMPORTS (2022)$46.9B
NET TRADE (2022)$26.6B

In 2022, Belgium exported $73.5B in Pharmaceutical products. The main destinations of Belgium exports on Pharmaceutical products were United States ($14.8B), Germany ($10.2B), Japan ($6.65B), Italy ($5.15B), and France ($4.13B).

In 2022, Belgium imported $46.9B in Pharmaceutical products, mainly from Ireland ($10.6B), Italy ($10.3B), Germany ($5.71B), France ($5.24B), and United States ($4.2B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$2.95B (24.9%)
Vietnam$1.24B (297%)
Japan$1.18B (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Belgium WERE (2021 - 2022):
United Kingdom-$1.83B (-35.3%)
Germany-$1.27B (-11.1%)
Turkey-$571M (-64.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Pharmaceutical products were:
In 2022, Belgium's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.9B
TOP IMPORT POTENTIALGermany+ $2.86B

Pharmaceutical products’s highest export potential is Germany. With an export gap of $3.9B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $2.86B.

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