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2023
Flag → Flag
Exports $1.68BRnk 35 / 216
2023
Flag → Flag
Top Product $1.24BDiamonds
2023
Flag → Flag
Exports $3.67BRnk 18 / 220
2023
Flag → Flag
Top Product $2.24BDiamonds
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

United Arab Emirates-Belgium Trade: In 2023, United Arab Emirates exported $1.68B to Belgium. The main products that United Arab Emirates exported to Belgium were Diamonds ($1.24B), Refined Petroleum ($153M), and Gold ($53M). Over the past 5 years the exports of United Arab Emirates to Belgium have decreased at an annualized rate of 10.3%, from $2.88B in 2018 to $1.68B in 2023.

In 2023, United Arab Emirates did not export any services to Belgium.

Belgium-United Arab Emirates Trade: In 2023, Belgium exported $3.67B to United Arab Emirates. The main products that Belgium exported to United Arab Emirates were Diamonds ($2.24B), Jewellery ($147M), and Packaged Medicaments ($118M). Over the past 5 years the exports of Belgium to United Arab Emirates have increased at an annualized rate of 2.07%,  from $3.32B in 2018 to $3.67B in 2023.

In 2023, Belgium did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $1.68B to Belgium. The main products exported from United Arab Emirates to Belgium were Diamonds ($1.24B), Refined Petroleum ($153M), and Gold ($53M). During the last 5 years the exports of United Arab Emirates to Belgium have decreased at an annualized rate of 10.3%, from $2.88B in 2018 to $1.68B in 2023.

In 2018, Belgium exported $3.67B to United Arab Emirates. The main products exported from Belgium to United Arab Emirates were Diamonds ($2.24B), Jewellery ($147M), and Packaged Medicaments ($118M). During the last 5 years the exports of Belgium to United Arab Emirates have increased at an annualized rate of 2.07%, from $3.32B in 2023 to $3.67B in 2018.

Exports from United Arab Emirates (Flag) to Belgium (Flag) (2023)

Exports from Belgium (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Belgium (Flag)

United Arab Emirates Exports

Belgium Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from United Arab Emirates than Belgium included India ($38.2B), Japan ($37.4B), and China ($40.2B).

In 2023, countries that imported more from Belgium than United Arab Emirates included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Belgium

Flow
Scale

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

During 2023, United Arab Emirates had a large net trade with Belgium in the exports of Precious Metals ($1.29B), Mineral Products ($169M), and Chemical Products ($55.3M).

During 2018, Belgium had a large net trade with United Arab Emirates in the exports of Precious Metals ($2.47B), Chemical Products ($363M), and Machines ($219M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Belgium+$47.2MPetroleum Gas
Top Product Potential Belgium United Arab Emirates+$45.8MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Belgium. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Belgium (Flag) (2023)

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