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2023
Flag → Flag
Exports $3.31BRnk 22 / 220
2023
Flag → Flag
Exports $2.98BRnk 29 / 221
2023
Flag → Flag
Top Product $644MFruit Juice
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$10,295CURRENT US$
Rnk 89 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Belgium-Brazil Trade: In 2023, Belgium exported $3.31B to Brazil. The main products that Belgium exported to Brazil were N/A. Over the past 5 years the exports of Belgium to Brazil have increased at an annualized rate of 9.93%, from $2.06B in 2018 to $3.31B in 2023.

In 2020, Belgium exported services to Brazil worth $215M, with Transportation ($102M), Other business services ($74.2M), and Computer and information services ($9.14M) being the largest in terms of value.

Brazil-Belgium Trade: In 2023, Brazil exported $2.98B to Belgium. The main products that Brazil exported to Belgium were Fruit Juice ($644M), Coffee ($460M), and Raw Tobacco ($339M). Over the past 5 years the exports of Brazil to Belgium have decreased at an annualized rate of 0.38%,  from $3.04B in 2018 to $2.98B in 2023.

In 2023, Brazil did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €233M and imported €104M from Brazil, resulting in a positive trade balance of €129M. Between October 2023 and October 2024 the exports of Belgium have increased by €18.9M (8.86%) from €214M to €233M, while imports increased by €13.7M (15.2%) from €89.9M to €104M.

Trade In October 2024, the top exports of Belgium to Brazil were Pharmaceutical products (€173M), Mineral fuels, mineral oils and products... (€29.2M), Machinery, mechanical appliances, & parts (€27.1M), Cars, tractors, trucks & parts thereof. (€13M), and Organic chemicals (€10.5M). In October 2024 the top imports of Belgium from Brazil were Precious stones, metals, & pearls (€19.2M), Coffee, tea, mate & spices (€15M), Wood, wood articles, & charcoal (€11.8M), Preparations of vegetables, fruit, nuts or... (€10.6M), and Iron & steel (€7.4M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Brazil was explained primarily by an increase in product exports in Pharmaceutical products (€87.2M or 101%), Mineral fuels, mineral oils and products... (€26.4M or 938%), and Machinery, mechanical appliances, & parts (€10.9M or 67.3%). In October 2024, the increase in Belgium's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€18.9M(8.86%)
IMPORT GROWTH (October 2023 - October 2024)€13.7M(15.2%)

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 Brazil and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $3.31B to Brazil. There were not main exports from Belgium to Brazil in 2023. During the last 5 years the exports of Belgium to Brazil have increased at an annualized rate of 9.93%, from $2.06B in 2018 to $3.31B in 2023.

In 2018, Brazil exported $2.98B to Belgium. The main products exported from Brazil to Belgium were Fruit Juice ($644M), Coffee ($460M), and Raw Tobacco ($339M). During the last 5 years the exports of Brazil to Belgium have decreased at an annualized rate of 0.38%, from $3.04B in 2023 to $2.98B in 2018.

Exports from Belgium (Flag) to Brazil (Flag) (2023)

Exports from Brazil (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Brazil
Top DestinationChina$106B

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

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

In 2023, countries that imported more from Brazil than Belgium included China ($106B), Argentina ($17.2B), and United States ($37B).

Difference in imports from Brazil (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Brazil

Flow
Scale

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

During 2023, Belgium had a large net trade with Brazil in the exports of Chemical Products ($1.68B), Mineral Products ($373M), and Machines ($240M).

During 2018, Brazil had a large net trade with Belgium in the exports of Foodstuffs ($1.05B), Vegetable Products ($504M), and Metals ($397M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Brazil+$217MRefined Petroleum
Top Product Potential Brazil Belgium+$32.4MRefined Petroleum

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 Belgium and Brazil. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Brazil (Flag) (2023)

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