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2022
Flag → Flag
Exports $6.01BRnk 14 / 222
2022
Flag → Flag
Top Product $698MPackaged Medicaments
2022
Flag → Flag
Exports $30.5BRnk 29 / 211
2022
Flag → Flag
Top Product $5.47BCars
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Belgium-China Trade: In 2022, Belgium exported $6.01B 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 decreased at an annualized rate of 4.26%, from $7.48B in 2017 to $6.01B 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 $30.5B 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 17.9%,  from $13.4B in 2017 to $30.5B 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).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €405M and imported €1.06B from China, resulting in a negative trade balance of €653M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-62.7M (-13.4%) from €468M to €405M, while imports increased by €102M (10.6%) from €957M to €1.06B.

Trade In August 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 August 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 August 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 August 2024, the increase in Belgium's year-by-year imports  from China was explained primarily by an increase in product imports  in Electrical machinery and electronics (€195M or 90.5%), Cars, tractors, trucks & parts thereof. (€79.2M or 129%), and Mineral fuels, mineral oils and products... (€33.2M or 8.19k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-62.7M(-13.4%)
IMPORT GROWTH (August 2023 - August 2024)€102M(10.6%)

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 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 2022, Belgium exported $6.01B to China. The main products exported from Belgium to China were Packaged Medicaments ($698M), Vaccines, blood, antisera, toxins and cultures ($333M), and Orthopedic Appliances ($282M). During the last 5 years the exports of Belgium to China have decreased at an annualized rate of 4.26%, from $7.48B in 2017 to $6.01B in 2022.

In 2017, China exported $30.5B to Belgium. The main products exported from China to Belgium were Cars ($5.47B), Large Construction Vehicles ($997M), and Broadcasting Equipment ($918M). During the last 5 years the exports of China to Belgium have increased at an annualized rate of 17.9%, from $13.4B in 2022 to $30.5B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
China
Top DestinationUnited States$551B

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 2022, countries that imported more from Belgium than China included France ($71.1B), Luxembourg ($7.67B), and Botswana ($397M).

In 2022, countries that imported more from China than Belgium included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

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 2022, Belgium had a large net trade with China in the exports of Chemical Products ($2.11B), Machines ($925M), and Plastics and Rubbers ($646M).

During 2017, China had a large net trade with Belgium in the exports of Machines ($8.62B), Transportation ($6.56B), and Chemical Products ($3.38B).

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) (2022)

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