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2022
Flag → Flag
Exports $9.24MRnk 166 / 222
2022
Flag → Flag
Top Product $1.55MHard Liquor
2022
Flag → Flag
Exports $1.27MRnk 16 / 144
2022
Flag → Flag
Top Product $447kCars
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$3.35BCURRENT US$
Rnk 159 / 186
2012-2022
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GDP GROWTH5.12%CURRENT US$
Rnk 155 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$41,993CURRENT US$
Rnk 25 / 186
2012-2022
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GDP PC GROWTH-6.48%CURRENT US$
Rnk 157 / 186

About

Belgium-Andorra Trade: In 2022, Belgium exported $9.24M to Andorra. The main products that Belgium exported to Andorra were Hard Liquor ($1.55M), Processed Tobacco ($1.37M), and Stranded Aluminium Wire ($721k). Over the past 5 years the exports of Belgium to Andorra have decreased at an annualized rate of 3.22%, from $10.9M in 2017 to $9.24M in 2022.

In 2022, Belgium did not export any services to Andorra.

Andorra-Belgium Trade: In 2022, Andorra exported $1.27M to Belgium. The main products that Andorra exported to Belgium were Cars ($447k), Air Pumps ($234k), and Orthopedic Appliances ($147k). Over the past 5 years the exports of Andorra to Belgium have decreased at an annualized rate of 5.14%,  from $1.65M in 2017 to $1.27M in 2022.

In 2022, Andorra did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, Andorra ranked 174 in total exports ($407M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €2.59M and imported €285k from Andorra, resulting in a positive trade balance of €2.31M. Between July 2023 and July 2024 the exports of Belgium have increased by €2.27M (711%) from €319k to €2.59M, while imports increased by €282k (9.84k%) from €2.87k to €285k.

Trade In July 2024, the top exports of Belgium to Andorra were Cars, tractors, trucks & parts thereof. (€255k), Tobacco & substitutes (€229k), Beverages, spirits, & vinegar (€113k), Electrical machinery and electronics (€64.8k), and Leather articles (€45.6k). In July 2024 the top imports of Belgium from Andorra were Precious stones, metals, & pearls (€227k), Cars, tractors, trucks & parts thereof. (€224k), Machinery, mechanical appliances, & parts (€88.3k), Optical, photo, & film equipment; medical... (€1.03k), and Footwear (€332).

Growth In July 2024, the increase in Belgium's year-by-year exports to Andorra was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€255k or 911k%), Electrical machinery and electronics (€62.3k or 2.42k%), and Machinery, mechanical appliances, & parts (€18.8k or 1.04k%). In July 2024, the increase in Belgium's year-by-year imports  from Andorra was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€224k or 3.73M%) and Footwear (€38 or 12.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€2.27M(711%)
IMPORT GROWTH (July 2023 - July 2024)€282k(9.84k%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Andorra and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Andorra and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $9.24M to Andorra. The main products exported from Belgium to Andorra were Hard Liquor ($1.55M), Processed Tobacco ($1.37M), and Stranded Aluminium Wire ($721k). During the last 5 years the exports of Belgium to Andorra have decreased at an annualized rate of 3.22%, from $10.9M in 2017 to $9.24M in 2022.

In 2017, Andorra exported $1.27M to Belgium. The main products exported from Andorra to Belgium were Cars ($447k), Air Pumps ($234k), and Orthopedic Appliances ($147k). During the last 5 years the exports of Andorra to Belgium have decreased at an annualized rate of 5.14%, from $1.65M in 2022 to $1.27M in 2017.

Exports from Belgium (Flag) to Andorra (Flag) (2022)

Exports from Andorra (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Andorra
Top DestinationSpain$297M

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

In 2022, countries that imported more from Belgium than Andorra included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, no countries were registered that imported more from Andorra than from Belgium.

Difference in imports from Andorra (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Andorra

Flow
Scale

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

During 2022, Belgium had a large net trade with Andorra in the exports of Foodstuffs ($3.62M), Footwear and Headwear ($889k), and Transportation ($818k).

During 2017, Andorra had a large net trade with Belgium in the exports of Transportation ($534k), Machines ($385k), and Instruments ($198k).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Andorra (Flag) (2022)

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