Belgium-Australia Trade: In 2023, Belgium exported $2.15B to Australia. The main products that Belgium exported to Australia were Vaccines, blood, antisera, toxins and cultures ($748M), Packaged Medicaments ($187M), and Other Frozen Vegetables ($135M). Over the past 5 years the exports of Belgium to Australia have increased at an annualized rate of 5.3%, from $1.66B in 2018 to $2.15B in 2023.
In 2020, Belgium exported services to Australia worth $298M, with Other business services ($155M), Transportation ($57.1M), and Communications services ($32M) being the largest in terms of value.
Australia-Belgium Trade: In 2023, Australia exported $1.14B to Belgium. The main products that Australia exported to Belgium were Rapeseed ($509M), Coal Briquettes ($357M), and Non-Iron and Steel Slag, Ash and Residues ($37.7M). Over the past 5 years the exports of Australia to Belgium have increased at an annualized rate of 6.16%, from $847M in 2018 to $1.14B in 2023.
In 2009, Australia exported services to Belgium worth $99M, with Travel ($60.2M), Transportation ($16.6M), and Other business services ($8.71M) being the largest in terms of value.
Comparison: In 2023, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).