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2022
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Exports $3.89BRnk 19 / 222
2022
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Top Product $358MCars
2022
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Exports $3.15BRnk 15 / 217
2022
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Top Product $435MCars
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.48Rnk 8 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
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2022
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 GDP$471BCURRENT US$
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2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
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2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Belgium-Austria In 2022, Belgium exported $3.89B to Austria. The main products that Belgium exported to Austria are Cars ($358M), Vaccines, blood, antisera, toxins and cultures ($260M), and Packaged Medicaments ($226M). During the last 23 years the exports of Belgium to Austria have increased at an annualized rate of 3.25%, from $1.87B in 1999 to $3.89B in 2022.

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

Austria-Belgium In 2022, Austria exported $3.15B to Belgium. The main products that Austria exported to Belgium were Cars ($435M), Vaccines, blood, antisera, toxins and cultures ($259M), and Nitrogen Heterocyclic Compounds ($121M). During the last 23 years the exports of Austria to Belgium have increased at an annualized rate of 5.16%, from $992M in 1999 to $3.15B in 2022.

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €249M and imported €391M from Austria, resulting in a negative trade balance of €142M. Between December 2022 and December 2023 the exports of Belgium have increased by €17.1M (7.37%) from €231M to €249M, while imports increased by €202M (108%) from €188M to €391M.

Trade In December 2023, the top exports of Belgium to Austria were Machinery, mechanical appliances, & parts (€43.7M), Pharmaceutical products (€42.3M), Cars, tractors, trucks & parts thereof. (€40.5M), Plastics & articles thereof (€28.9M), and Electrical machinery and electronics (€18.4M). In December 2023 the top imports of Belgium from Austria were Pharmaceutical products (€62.8M), Cars, tractors, trucks & parts thereof. (€43.5M), Machinery, mechanical appliances, & parts (€19.8M), Electrical machinery and electronics (€12.4M), and Iron & steel (€12.4M).

Growth In December 2023, the increase in Belgium's year-by-year exports to Austria was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€9.48M or 27.7%), Mineral fuels, mineral oils and products... (€8.66M or 395%), and Electrical machinery and electronics (€4.81M or 35.5%). In December 2023, the increase in Belgium's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Pharmaceutical products (€46.9M or 294%), Electrical machinery and electronics (€5.03M or 68.2%), and Railway and trams (€2.55M or 331%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€17.1M(7.37%)
IMPORT GROWTH (December 2022 - December 2023)€202M(108%)

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 Austria and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.89B to Austria. The main products exported from Belgium to Austria were Cars ($358M), Vaccines, blood, antisera, toxins and cultures ($260M), and Packaged Medicaments ($226M). During the last 23 years the exports of Belgium to Austria have increased at an annualized rate of 3.25%, from $1.87B in 1999 to $3.89B in 2022.

In 2022, Austria exported $3.15B to Belgium. The main products exported from Austria to Belgium were Cars ($435M), Vaccines, blood, antisera, toxins and cultures ($259M), and Nitrogen Heterocyclic Compounds ($121M). During the last 23 years the exports of Austria to Belgium have increased at an annualized rate of 5.16%, from $992M in 1999 to $3.15B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Austria
Top DestinationGermany$57.7B

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

In 2021, countries that imported more from Belgium than Austria were France ($71.1B), Netherlands ($65.7B), and Germany ($91.9B).

In 2021, countries that imported more from Austria than Belgium were Hungary ($10.4B), Switzerland ($11.2B), and Slovakia ($7.4B).

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

Comparative Advantage Belgium - Austria

Flow
Scale

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

During 2022, Belgium had a large net trade with Austria in the exports of Chemical Products ($823M), Machines ($670M), and Transportation ($631M).

During 2022, Austria had a large net trade with Belgium in the exports of Chemical Products ($712M), Transportation ($621M), and Machines ($507M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Austria worth $949M, with Other business services ($352M), Transportation ($279M), and Computer and information services ($169M) being the largest in terms of value.

In 2020, Austria exported services to Belgium worth $951M, with Travel ($291M), Other business services ($247M), and Transportation ($236M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Austria (Flag) (2020)

Services Exports from Austria (Flag) to Belgium (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Belgium.

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

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