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2022
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Exports $3.62BRnk 20 / 222
2022
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Top Product $381MCars
2022
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Exports $2.11BRnk 14 / 218
2022
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Top Product $170MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 23 / 124
2022
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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$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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$66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Belgium-Denmark In 2022, Belgium exported $3.62B to Denmark. The main products that Belgium exported to Denmark are Cars ($381M), Refined Petroleum ($306M), and Vaccines, blood, antisera, toxins and cultures ($241M). During the last 23 years the exports of Belgium to Denmark have increased at an annualized rate of 3.44%, from $1.67B in 1999 to $3.62B in 2022.

In 2020, Belgium exported services to Denmark worth $1.14B, with Other business services ($485M), Transportation ($324M), and Computer and information services ($143M) being the largest in terms of value.

Denmark-Belgium In 2022, Denmark exported $2.11B to Belgium. The main products that Denmark exported to Belgium were Packaged Medicaments ($170M), Cars ($109M), and Refined Petroleum ($102M). During the last 23 years the exports of Denmark to Belgium have increased at an annualized rate of 3.47%, from $961M in 1999 to $2.11B in 2022.

In 2020, Denmark exported services to Belgium worth $949M, with Transportation ($562M), Other business services ($216M), and Computer and information services ($53.3M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €192M and imported €136M from Denmark, resulting in a positive trade balance of €56.3M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-26.7M (-12.2%) from €219M to €192M, while imports increased by €194k (0.14%) from €135M to €136M.

Trade In December 2023, the top exports of Belgium to Denmark were Cars, tractors, trucks & parts thereof. (€45.8M), Machinery, mechanical appliances, & parts (€19M), Oils seeds, oleaginous fruits, grains, straw... (€19M), Plastics & articles thereof (€18.1M), and Pharmaceutical products (€16.8M). In December 2023 the top imports of Belgium from Denmark were Cars, tractors, trucks & parts thereof. (€17.8M), Pharmaceutical products (€16.4M), Machinery, mechanical appliances, & parts (€13.4M), Non-knitted clothing accesories (€11.2M), and Electrical machinery and electronics (€8.91M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Pharmaceutical products (€-23.7M or -58.4%), Machinery, mechanical appliances, & parts (€-5.1M or -21.2%), and Plastics & articles thereof (€-3.4M or -15.9%). In December 2023, the increase in Belgium's year-by-year imports  from Denmark was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€8.28M or 87.2%), Edible products of animal origin, n.e.s. (€2.93M or 103%), and Non-knitted clothing accesories (€2.84M or 34.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-26.7M(-12.2%)
IMPORT GROWTH (December 2022 - December 2023)€194k(0.14%)

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 Denmark and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.62B to Denmark. The main products exported from Belgium to Denmark were Cars ($381M), Refined Petroleum ($306M), and Vaccines, blood, antisera, toxins and cultures ($241M). During the last 23 years the exports of Belgium to Denmark have increased at an annualized rate of 3.44%, from $1.67B in 1999 to $3.62B in 2022.

In 2022, Denmark exported $2.11B to Belgium. The main products exported from Denmark to Belgium were Packaged Medicaments ($170M), Cars ($109M), and Refined Petroleum ($102M). During the last 23 years the exports of Denmark to Belgium have increased at an annualized rate of 3.47%, from $961M in 1999 to $2.11B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Denmark
Top DestinationGermany$18.9B

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

In 2021, countries that imported more from Belgium than Denmark were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Denmark than Belgium were Norway ($6.53B), Sweden ($11.6B), and Iceland ($744M).

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

Comparative Advantage Belgium - Denmark

Flow
Scale

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

During 2022, Belgium had a large net trade with Denmark in the exports of Chemical Products ($718M), Transportation ($532M), and Machines ($521M).

During 2022, Denmark had a large net trade with Belgium in the exports of Chemical Products ($397M), Machines ($351M), and Textiles ($245M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Denmark worth $1.14B, with Other business services ($485M), Transportation ($324M), and Computer and information services ($143M) being the largest in terms of value.

In 2020, Denmark exported services to Belgium worth $949M, with Transportation ($562M), Other business services ($216M), and Computer and information services ($53.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Belgium.

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

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