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Pricing

2022
Flag → Flag
Exports $3.41BRnk 22 / 222
2022
Flag → Flag
Top Product $578MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $3.68BRnk 10 / 215
2022
Flag → Flag
Top Product $1.35BDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Belgium-Canada Trade: In 2022, Belgium exported $3.41B to Canada. The main products that Belgium exported to Canada were Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). Over the past 5 years the exports of Belgium to Canada have increased at an annualized rate of 9.25%, from $2.19B in 2017 to $3.41B in 2022.

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

Canada-Belgium Trade: In 2022, Canada exported $3.68B to Belgium. The main products that Canada exported to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). Over the past 5 years the exports of Canada to Belgium have increased at an annualized rate of 5.49%,  from $2.82B in 2017 to $3.68B in 2022.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €187M and imported €201M from Canada, resulting in a negative trade balance of €14M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-35.4M (-15.9%) from €223M to €187M, while imports decreased by €-21.6M (-9.68%) from €223M to €201M.

Trade In August 2024, the top exports of Belgium to Canada were Organic chemicals (€112M), Pharmaceutical products (€83.4M), Cars, tractors, trucks & parts thereof. (€22.1M), Mineral fuels, mineral oils and products... (€14.4M), and Machinery, mechanical appliances, & parts (€11.2M). In August 2024 the top imports of Belgium from Canada were Precious stones, metals, & pearls (€125M), Ores, slag and ash (€52.5M), Fertilizers (€22.1M), Pharmaceutical products (€17M), and Oils seeds, oleaginous fruits, grains, straw... (€11.1M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Canada was explained primarily by an decrease in product exports in Pharmaceutical products (€-115M or -58%), Mineral fuels, mineral oils and products... (€-5.27M or -26.8%), and Fertilizers (€-4.02M or -93.8%). In August 2024, the decrease in Belgium's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Pharmaceutical products (€-15.6M or -47.8%), Iron & steel (€-7.8M or -98.3%), and Precious stones, metals, & pearls (€-6.42M or -4.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-35.4M(-15.9%)
IMPORT GROWTH (August 2023 - August 2024)€-21.6M(-9.68%)

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 Canada and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.41B to Canada. The main products exported from Belgium to Canada were Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). During the last 5 years the exports of Belgium to Canada have increased at an annualized rate of 9.25%, from $2.19B in 2017 to $3.41B in 2022.

In 2017, Canada exported $3.68B to Belgium. The main products exported from Canada to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). During the last 5 years the exports of Canada to Belgium have increased at an annualized rate of 5.49%, from $2.82B in 2022 to $3.68B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Belgium included United States ($438B), China ($25.4B), and Mexico ($7.39B).

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

Comparative Advantage Belgium - Canada

Flow
Scale

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

During 2022, Belgium had a large net trade with Canada in the exports of Chemical Products ($1.51B), Mineral Products ($417M), and Precious Metals ($292M).

During 2017, Canada had a large net trade with Belgium in the exports of Precious Metals ($1.36B), Chemical Products ($840M), and Mineral Products ($392M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Canada+$199MCars
Top Product Potential Canada Belgium+$107MPackaged 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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Bilateral Service Trade

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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