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2023
Flag → Flag
Exports $7.32BRnk 10 / 220
2023
Flag → Flag
Top Product $1.2BDiamonds
2023
Flag → Flag
Exports $15.8BRnk 36 / 208
2023
Flag → Flag
Top Product $997MElectric Batteries
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Belgium-China Trade: In 2023, Belgium exported $7.32B to China. The main products that Belgium exported to China were Diamonds ($1.2B), Packaged Medicaments ($811M), and Vaccines, blood, antisera, toxins and cultures ($733M). Over the past 5 years the exports of Belgium to China have increased at an annualized rate of 2.45%, from $6.49B in 2018 to $7.32B in 2023.

In 2020, Belgium exported services to China worth $1.35B, with Other business services ($464M), Transportation ($460M), and Royalties and license fees ($172M) being the largest in terms of value.

China-Belgium Trade: In 2023, China exported $15.8B to Belgium. The main products that China exported to Belgium were Electric Batteries ($997M), Cars ($977M), and Large Construction Vehicles ($575M). Over the past 5 years the exports of China to Belgium have increased at an annualized rate of 3.84%,  from $10B in 2018 to $15.8B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €496M and imported €1.15B from China, resulting in a negative trade balance of €651M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-27.6M (-5.27%) from €523M to €496M, while imports decreased by €-117M (-9.24%) from €1.26B to €1.15B.

Trade In October 2024, the top exports of Belgium to China were Pharmaceutical products (€348M), Machinery, mechanical appliances, & parts (€63.8M), Electrical machinery and electronics (€34.2M), Optical, photo, & film equipment; medical... (€31.4M), and Plastics & articles thereof (€23M). In October 2024 the top imports of Belgium from China were Electrical machinery and electronics (€411M), Machinery, mechanical appliances, & parts (€216M), Organic chemicals (€142M), Cars, tractors, trucks & parts thereof. (€141M), and Plastics & articles thereof (€85.2M).

Growth In October 2024, the decrease in Belgium's year-by-year exports to China was explained primarily by an decrease in product exports in Copper articles (€-58M or -91.5%), Plastics & articles thereof (€-31.8M or -58%), and Optical, photo, & film equipment; medical... (€-23.3M or -42.6%). In October 2024, the decrease in Belgium's year-by-year imports  from China was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings (€-41.6M or -49.1%), Iron/Steel Articles (€-15.8M or -30.6%), and Chemical products n.e.s. (€-12.6M or -56.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-27.6M(-5.27%)
IMPORT GROWTH (October 2023 - October 2024)€-117M(-9.24%)

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 China and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $7.32B to China. The main products exported from Belgium to China were Diamonds ($1.2B), Packaged Medicaments ($811M), and Vaccines, blood, antisera, toxins and cultures ($733M). During the last 5 years the exports of Belgium to China have increased at an annualized rate of 2.45%, from $6.49B in 2018 to $7.32B in 2023.

In 2018, China exported $15.8B to Belgium. The main products exported from China to Belgium were Electric Batteries ($997M), Cars ($977M), and Large Construction Vehicles ($575M). During the last 5 years the exports of China to Belgium have increased at an annualized rate of 3.84%, from $10B in 2023 to $15.8B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Belgium than China included France ($85.6B), Luxembourg ($6.65B), and Netherlands ($67.3B).

In 2023, countries that imported more from China than Belgium included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Belgium - China

Flow
Scale

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

During 2023, Belgium had a large net trade with China in the exports of Chemical Products ($2.66B), Precious Metals ($1.29B), and Machines ($937M).

During 2018, China had a large net trade with Belgium in the exports of Machines ($6.02B), Chemical Products ($1.85B), and Transportation ($1.81B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium China+$418MPackaged Medicaments
Top Product Potential China Belgium+$410MTelephones

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

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

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