Belgium-China Trade: In 2022, Belgium exported $7.48B to China. The main products that Belgium exported to China were Packaged Medicaments ($698M), Vaccines, blood, antisera, toxins and cultures ($333M), and Orthopedic Appliances ($282M). Over the past 5 years the exports of Belgium to China have increased at an annualized rate of 47.7%, from $1.06B in 2017 to $7.48B in 2022.
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 2022, China exported $13.4B to Belgium. The main products that China exported to Belgium were Cars ($5.47B), Large Construction Vehicles ($997M), and Broadcasting Equipment ($918M). Over the past 5 years the exports of China to Belgium have increased at an annualized rate of 38.1%, from $2.66B in 2017 to $13.4B in 2022.
In 2022, China did not export any services to Belgium.
Comparison: In 2022, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).