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2022
Flag → Flag
Exports $4.92BRnk 16 / 222
2022
Flag → Flag
Top Product $634MDiamonds
2022
Flag → Flag
Exports $5.4BRnk 19 / 219
2022
Flag → Flag
Top Product $1.61BVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 128 / 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$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Belgium-Switzerland Trade: In 2022, Belgium exported $4.92B to Switzerland. The main products that Belgium exported to Switzerland were Diamonds ($634M), Vaccines, blood, antisera, toxins and cultures ($524M), and Gold ($301M). Over the past 5 years the exports of Belgium to Switzerland have decreased at an annualized rate of 1.13%, from $5.21B in 2017 to $4.92B in 2022.

In 2020, Belgium exported services to Switzerland worth $6.32B, with Transportation ($2.53B), Other business services ($2.51B), and Computer and information services ($455M) being the largest in terms of value.

Switzerland-Belgium Trade: In 2022, Switzerland exported $5.4B to Belgium. The main products that Switzerland exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($1.61B), Packaged Medicaments ($713M), and Orthopedic Appliances ($438M). Over the past 5 years the exports of Switzerland to Belgium have decreased at an annualized rate of 3.72%,  from $6.53B in 2017 to $5.4B in 2022.

In 2019, Switzerland exported services to Belgium worth $1.03B, with Financial services ($261M), Transportation ($214M), and Royalties and license fees ($214M) 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €337M and imported €690M from Switzerland, resulting in a negative trade balance of €353M. Between August 2023 and August 2024 the exports of Belgium have increased by €28M (9.06%) from €309M to €337M, while imports increased by €103M (17.6%) from €587M to €690M.

Trade In August 2024, the top exports of Belgium to Switzerland were Pharmaceutical products (€74.2M), Precious stones, metals, & pearls (€56M), Mineral fuels, mineral oils and products... (€35.8M), Machinery, mechanical appliances, & parts (€25.1M), and Cars, tractors, trucks & parts thereof. (€25M). In August 2024 the top imports of Belgium from Switzerland were Pharmaceutical products (€758M), Optical, photo, & film equipment; medical... (€43.2M), Machinery, mechanical appliances, & parts (€19.4M), Clocks, watches, & parts (€10.3M), and Electrical machinery and electronics (€10.1M).

Growth In August 2024, the increase in Belgium's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... (€26.9M or 300%), Precious stones, metals, & pearls (€10.3M or 22.6%), and Machinery, mechanical appliances, & parts (€8.48M or 50.9%). In August 2024, the increase in Belgium's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Pharmaceutical products (€339M or 81%), Optical, photo, & film equipment; medical... (€12.5M or 40.8%), and Electrical machinery and electronics (€4.5M or 80.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€28M(9.06%)
IMPORT GROWTH (August 2023 - August 2024)€103M(17.6%)

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 Switzerland and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $4.92B to Switzerland. The main products exported from Belgium to Switzerland were Diamonds ($634M), Vaccines, blood, antisera, toxins and cultures ($524M), and Gold ($301M). During the last 5 years the exports of Belgium to Switzerland have decreased at an annualized rate of 1.13%, from $5.21B in 2017 to $4.92B in 2022.

In 2017, Switzerland exported $5.4B to Belgium. The main products exported from Switzerland to Belgium were Vaccines, blood, antisera, toxins and cultures ($1.61B), Packaged Medicaments ($713M), and Orthopedic Appliances ($438M). During the last 5 years the exports of Switzerland to Belgium have decreased at an annualized rate of 3.72%, from $6.53B in 2022 to $5.4B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Switzerland
Top DestinationUnited States$61.7B

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

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

In 2022, countries that imported more from Switzerland than Belgium included China ($44.1B), United States ($61.7B), and Slovenia ($11.7B).

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

Comparative Advantage Belgium - Switzerland

Flow
Scale

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

During 2022, Belgium had a large net trade with Switzerland in the exports of Chemical Products ($1.35B), Precious Metals ($1.12B), and Plastics and Rubbers ($401M).

During 2017, Switzerland had a large net trade with Belgium in the exports of Chemical Products ($2.86B), Instruments ($925M), and Machines ($552M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Switzerland+$308MVaccines, blood, antisera, toxins and cultures
Top Product Potential Switzerland Belgium+$412MPackaged 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 Switzerland worth $6.32B, with Transportation ($2.53B), Other business services ($2.51B), and Computer and information services ($455M) being the largest in terms of value.

In 2019, Switzerland exported services to Belgium worth $1.03B, with Financial services ($261M), Transportation ($214M), and Royalties and license fees ($214M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Switzerland (Flag) to Belgium (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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