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2023
Flag → Flag
Exports $3.88BRnk 17 / 220
2023
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Top Product $589MCars
2023
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Exports $1.85BRnk 15 / 217
2023
Flag → Flag
Top Product $161MPackaged Medicaments
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.13Rnk 22 / 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$407BCURRENT US$
Rnk 35 / 195
2013-2023
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GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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$68,454CURRENT US$
Rnk 14 / 196
2013-2023
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GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Belgium-Denmark Trade: In 2023, Belgium exported $3.88B to Denmark. The main products that Belgium exported to Denmark were Cars ($589M), Refined Petroleum ($198M), and Vaccines, blood, antisera, toxins and cultures ($197M). Over the past 5 years the exports of Belgium to Denmark have increased at an annualized rate of 5.56%, from $2.96B in 2018 to $3.88B in 2023.

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 Trade: In 2023, Denmark exported $1.85B to Belgium. The main products that Denmark exported to Belgium were Packaged Medicaments ($161M), Cars ($147M), and Refined Petroleum ($75.8M). Over the past 5 years the exports of Denmark to Belgium have increased at an annualized rate of 4.64%,  from $1.47B in 2018 to $1.85B in 2023.

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 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €208M and imported €127M from Denmark, resulting in a positive trade balance of €81.2M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-37.1M (-15.1%) from €246M to €208M, while imports decreased by €-30.4M (-19.3%) from €158M to €127M.

Trade In October 2024, 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 October 2024 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 October 2024, 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 October 2024, the decrease in Belgium's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Chemical products n.e.s. (€-2.03M or -59.1%), Glues, starches, & albuminoid products (€-1.46M or -30.1%), and Iron/Steel Articles (€-1.46M or -38.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-37.1M(-15.1%)
IMPORT GROWTH (October 2023 - October 2024)€-30.4M(-19.3%)

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.

Explore Denmark and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $3.88B to Denmark. The main products exported from Belgium to Denmark were Cars ($589M), Refined Petroleum ($198M), and Vaccines, blood, antisera, toxins and cultures ($197M). During the last 5 years the exports of Belgium to Denmark have increased at an annualized rate of 5.56%, from $2.96B in 2018 to $3.88B in 2023.

In 2018, Denmark exported $1.85B to Belgium. The main products exported from Denmark to Belgium were Packaged Medicaments ($161M), Cars ($147M), and Refined Petroleum ($75.8M). During the last 5 years the exports of Denmark to Belgium have increased at an annualized rate of 4.64%, from $1.47B in 2023 to $1.85B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Denmark
Top DestinationGermany$14.8B

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 2023, countries that imported more from Belgium than Denmark included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Denmark than Belgium included Sweden ($11.2B), Norway ($4.75B), and Greenland ($647M).

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

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 2023, Belgium had a large net trade with Denmark in the exports of Transportation ($743M), Chemical Products ($659M), and Machines ($550M).

During 2018, Denmark had a large net trade with Belgium in the exports of Chemical Products ($366M), Machines ($283M), and Transportation ($219M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Denmark+$69.4MPackaged Medicaments
Top Product Potential Denmark Belgium+$141MPackaged Medicaments

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 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)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Denmark. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Belgium.

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

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