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2023
Flag → Flag
Exports $3.67BRnk 19 / 220
2023
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Top Product $174MBeauty Products
2023
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Exports $5.06BRnk 12 / 207
2023
Flag → Flag
Top Product $1.34BCars
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.6Rnk 7 / 132
2023
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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$343BCURRENT US$
Rnk 44 / 195
2013-2023
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GDP GROWTH61.1%CURRENT US$
Rnk 55 / 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$31,591CURRENT US$
Rnk 45 / 196
2013-2023
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GDP PC GROWTH55.9%CURRENT US$
Rnk 36 / 195

About

Belgium-Czechia Trade: In 2023, Belgium exported $3.67B to Czechia. The main products that Belgium exported to Czechia were Beauty Products ($174M), Vaccines, blood, antisera, toxins and cultures ($147M), and Packaged Medicaments ($119M). Over the past 5 years the exports of Belgium to Czechia have increased at an annualized rate of 4.76%, from $2.91B in 2018 to $3.67B in 2023.

In 2020, Belgium exported services to Czechia worth $686M, with Other business services ($305M), Computer and information services ($155M), and Transportation ($97.1M) being the largest in terms of value.

Czechia-Belgium Trade: In 2023, Czechia exported $5.06B to Belgium. The main products that Czechia exported to Belgium were Cars ($1.34B), Air Conditioners ($322M), and Motor vehicles; parts and accessories (8701 to 8705) ($310M). Over the past 5 years the exports of Czechia to Belgium have increased at an annualized rate of 3.4%,  from $4.28B in 2018 to $5.06B in 2023.

In 2019, Czechia exported services to Belgium worth $726M, with Transportation ($316M), Other business services ($276M), and Travel ($59.3M) being the largest in terms of value.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €351M and imported €399M from Czechia, resulting in a negative trade balance of €48M. Between October 2023 and October 2024 the exports of Belgium have increased by €53.9M (18.1%) from €297M to €351M, while imports increased by €41M (11.4%) from €358M to €399M.

Trade In October 2024, the top exports of Belgium to Czechia were Plastics & articles thereof (€41.1M), Cars, tractors, trucks & parts thereof. (€40.3M), Pharmaceutical products (€38.9M), Machinery, mechanical appliances, & parts (€25.9M), and Electrical machinery and electronics (€17.6M). In October 2024 the top imports of Belgium from Czechia were Cars, tractors, trucks & parts thereof. (€128M), Machinery, mechanical appliances, & parts (€78.8M), Electrical machinery and electronics (€25.8M), Perfumery & cosmetics (€15.8M), and Iron/Steel Articles (€14.6M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Czechia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€10.8M or 71.9%), Plastics & articles thereof (€8.02M or 24.3%), and Rubber & articles thereof (€6.03M or 136%). In October 2024, the increase in Belgium's year-by-year imports  from Czechia was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€48M or 60%), Machinery, mechanical appliances, & parts (€7.88M or 11.1%), and Perfumery & cosmetics (€7.82M or 98.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€53.9M(18.1%)
IMPORT GROWTH (October 2023 - October 2024)€41M(11.4%)

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 Czechia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Czechia and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $3.67B to Czechia. The main products exported from Belgium to Czechia were Beauty Products ($174M), Vaccines, blood, antisera, toxins and cultures ($147M), and Packaged Medicaments ($119M). During the last 5 years the exports of Belgium to Czechia have increased at an annualized rate of 4.76%, from $2.91B in 2018 to $3.67B in 2023.

In 2018, Czechia exported $5.06B to Belgium. The main products exported from Czechia to Belgium were Cars ($1.34B), Air Conditioners ($322M), and Motor vehicles; parts and accessories (8701 to 8705) ($310M). During the last 5 years the exports of Czechia to Belgium have increased at an annualized rate of 3.4%, from $4.28B in 2023 to $5.06B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Czechia
Top DestinationGermany$64.2B

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

In 2023, countries that imported more from Belgium than Czechia included France ($85.6B), Netherlands ($67.3B), and Italy ($27.7B).

In 2023, countries that imported more from Czechia than Belgium included Slovakia ($15.8B), Austria ($9.42B), and Poland ($13.8B).

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

Comparative Advantage Belgium - Czechia

Flow
Scale

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

During 2023, Belgium had a large net trade with Czechia in the exports of Chemical Products ($856M), Plastics and Rubbers ($669M), and Metals ($424M).

During 2018, Czechia had a large net trade with Belgium in the exports of Transportation ($1.69B), Machines ($1.41B), and Metals ($332M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Czechia+$92.7MCars
Top Product Potential Czechia Belgium+$227MCars

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 Czechia worth $686M, with Other business services ($305M), Computer and information services ($155M), and Transportation ($97.1M) being the largest in terms of value.

In 2019, Czechia exported services to Belgium worth $726M, with Transportation ($316M), Other business services ($276M), and Travel ($59.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Czechia (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 Czechia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Czechia. Similarly, a dot/product with the flag of Czechia indicates it has a comparative advantage over Belgium.

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

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