HS Icon Pharmaceutical products in  Flag Belgium

2019
Exports | Imports
: $46.5B | $36.7B, World Rnk 5 / 220
Flag Rnk 2 / 96 | World Rnk 3 / 225
Flag Rnk 3 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.82B | $1.29B, United States |  Switzerland

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Pharmaceutical products
: 1.25, Rnk 11 / 96

Exports In 2019, Belgium exported $46.5B 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 ($10.3B), Germany ($5.18B), Italy ($4.32B), United Kingdom ($3.42B), and France ($2.56B).

The fastest growing export markets for Pharmaceutical products of Belgium between 2018 and 2019 were United States ($3.82B), Germany ($754M), and Italy ($269M).

Imports In 2019, Belgium imported $36.7B in Pharmaceutical products, becoming the 3rd 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 ($9.15B), United States ($5.53B), Italy ($5.21B), France ($3.98B), and Germany ($3.47B).

The fastest growing import markets in Pharmaceutical products for Belgium between 2018 and 2019 were Switzerland ($1.29B), France ($1.02B), and Italy ($686M).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): €1.74B, (48%)

IMPORT GROWTH (June 2020 - June 2021): €213M, (7.45%)

MAIN DESTINATION (June 2021): Germany, €1.54B

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

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EXPORTS (2019): $46.5B

IMPORTS (2019): $36.7B

NET TRADE (2019): $9.78B

In 2019, Belgium exported $46.5B in Pharmaceutical products. The main destinations of Belgium exports on Pharmaceutical products were United States ($10.3B), Germany ($5.18B), Italy ($4.32B), United Kingdom ($3.42B), and France ($2.56B).

In 2019, Belgium imported $36.7B in Pharmaceutical products, mainly from Ireland ($9.15B), United States ($5.53B), Italy ($5.21B), France ($3.98B), and Germany ($3.47B).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Pharmaceutical products WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Pharmaceutical products WITH:

Flow

THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Belgium WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, Belgium's main exporting competitors in Pharmaceutical products were:

In 2019, Belgium's main importing competitors in Pharmaceutical products were:

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Tariffs by Country

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In 2017, the tariffs for Pharmaceutical products in the imports of Belgium were of 0% around the world.