2022
Exports
$47.1BWorld Rnk 2 / 208
Flag Rnk 2 / 1213
2022
PRODUCT COMPLEXITY IN Vaccines, blood, antisera, toxins and cultures
1.38Rnk 75 / 1025
2022
Imports
$20.7BWorld Rnk 3 / 225
Flag Rnk 5 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $47.1B in Vaccines, blood, antisera, toxins and cultures, making it the 2nd largest exporter of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 2nd most exported product in Belgium. The main destination of Vaccines, blood, antisera, toxins and cultures exports from Belgium are: United States ($9.38B), Germany ($7.86B), Japan ($6.02B), United Kingdom ($2.72B), and France ($2.59B).

The fastest growing export markets for Vaccines, blood, antisera, toxins and cultures of Belgium between 2021 and 2022 were United States ($2.29B), Japan ($1.33B), and France ($662M).

Imports In 2022, Belgium imported $20.7B in Vaccines, blood, antisera, toxins and cultures, becoming the 3rd largest importer of Vaccines, blood, antisera, toxins and cultures in the world. At the same year, Vaccines, blood, antisera, toxins and cultures was the 5th most imported product in Belgium. Belgium imports Vaccines, blood, antisera, toxins and cultures primarily from: Ireland ($9.85B), France ($2.72B), United States ($1.9B), Switzerland ($1.61B), and Italy ($1.4B).

The fastest growing import markets in Vaccines, blood, antisera, toxins and cultures for Belgium between 2021 and 2022 were Ireland ($3.91B), France ($366M), and Italy ($63.4M).

Latest Trends

May 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-1.76B(-88%)
IMPORT GROWTH (May 2023 - May 2024)€-1.34B(-70%)
MAIN DESTINATION (May 2024)Brazil€94.7M

This section shows Vaccines, blood, antisera, toxins and cultures'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 Vaccines, blood, antisera, toxins and cultures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.1B
IMPORTS (2022)$20.7B
NET TRADE (2022)$26.4B

In 2022, Belgium exported $47.1B in Vaccines, blood, antisera, toxins and cultures. The main destinations of Belgium exports on Vaccines, blood, antisera, toxins and cultures were United States ($9.38B), Germany ($7.86B), Japan ($6.02B), United Kingdom ($2.72B), and France ($2.59B).

In 2022, Belgium imported $20.7B in Vaccines, blood, antisera, toxins and cultures, mainly from Ireland ($9.85B), France ($2.72B), United States ($1.9B), Switzerland ($1.61B), and Italy ($1.4B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vaccines, blood, antisera, toxins and cultures EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$2.29B (32.3%)
Japan$1.33B (28.3%)
France$662M (34.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vaccines, blood, antisera, toxins and cultures BY Belgium WERE (2021 - 2022):
Germany-$2.22B (-22.1%)
United Kingdom-$1.18B (-30.3%)
Turkey-$532M (-82.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Vaccines, blood, antisera, toxins and cultures were:
In 2022, Belgium's main importing competitors in Vaccines, blood, antisera, toxins and cultures were:

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Trade Value of Vaccines, blood, antisera, toxins and cultures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.4B
TOP IMPORT POTENTIALGermany+ $968M

Vaccines, blood, antisera, toxins and cultures’s highest export potential is Germany. With an export gap of $2.4B.   Vaccines, blood, antisera, toxins and cultures’s highest import potential is Germany with an import gap of $968M.

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