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Pricing

2022
Flag → Flag
Exports $508MRnk 63 / 222
2022
Flag → Flag
Top Product $51.3MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $589MRnk 18 / 125
2022
Flag → Flag
Top Product $185MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.64Rnk 95 / 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$192BCURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP GROWTH-8.2%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$4,274CURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP PC GROWTH-23.8%CURRENT US$
Rnk 175 / 186

About

Belgium-Algeria Trade: In 2022, Belgium exported $508M to Algeria. The main products that Belgium exported to Algeria were Vaccines, blood, antisera, toxins and cultures ($51.3M), Concentrated Milk ($47.7M), and Acrylic Polymers ($24.2M). Over the past 5 years the exports of Belgium to Algeria have decreased at an annualized rate of 8.77%, from $804M in 2017 to $508M in 2022.

In 2022, Belgium did not export any services to Algeria.

Algeria-Belgium Trade: In 2022, Algeria exported $589M to Belgium. The main products that Algeria exported to Belgium were Refined Petroleum ($185M), Ammonia ($83.4M), and Nitrogenous Fertilizers ($77.7M). Over the past 5 years the exports of Algeria to Belgium have decreased at an annualized rate of 11.5%,  from $1.09B in 2017 to $589M in 2022.

In 2022, Algeria 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, Algeria ranked 95 in the Economic Complexity Index (ECI -0.64), and 55 in total exports ($58.6B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €53.3M and imported €68.7M from Algeria, resulting in a negative trade balance of €15.4M. Between August 2023 and August 2024 the exports of Belgium have increased by €19.6M (58.4%) from €33.7M to €53.3M, while imports decreased by €-6.19M (-8.27%) from €74.9M to €68.7M.

Trade In August 2024, the top exports of Belgium to Algeria were Plastics & articles thereof (€4.13M), Machinery, mechanical appliances, & parts (€2.89M), Edible products of animal origin, n.e.s. (€2.2M), Mineral fuels, mineral oils and products... (€2.02M), and Cars, tractors, trucks & parts thereof. (€1.64M). In August 2024 the top imports of Belgium from Algeria were Iron & steel (€17.7M), Inorganic chemicals (€11.4M), Mineral fuels, mineral oils and products... (€9.5M), Fertilizers (€8.7M), and Cars, tractors, trucks & parts thereof. (€308k).

Growth In August 2024, the increase in Belgium's year-by-year exports to Algeria was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... (€1.33M or 195%), Cars, tractors, trucks & parts thereof. (€1.22M or 288%), and Electrical machinery and electronics (€1.03M or 320%). In August 2024, the decrease in Belgium's year-by-year imports  from Algeria was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... (€-15.8M or -62.5%), Edible fruits, nuts & fruit peels (€-50.9k or -39.1%), and Beverages, spirits, & vinegar (€-22.1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€19.6M(58.4%)
IMPORT GROWTH (August 2023 - August 2024)€-6.19M(-8.27%)

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 Algeria and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Algeria and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $508M to Algeria. The main products exported from Belgium to Algeria were Vaccines, blood, antisera, toxins and cultures ($51.3M), Concentrated Milk ($47.7M), and Acrylic Polymers ($24.2M). During the last 5 years the exports of Belgium to Algeria have decreased at an annualized rate of 8.77%, from $804M in 2017 to $508M in 2022.

In 2017, Algeria exported $589M to Belgium. The main products exported from Algeria to Belgium were Refined Petroleum ($185M), Ammonia ($83.4M), and Nitrogenous Fertilizers ($77.7M). During the last 5 years the exports of Algeria to Belgium have decreased at an annualized rate of 11.5%, from $1.09B in 2022 to $589M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Algeria
Top DestinationItaly$16.9B

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

In 2022, countries that imported more from Belgium than Algeria included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Algeria than Belgium included Tunisia ($1.54B).

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

Comparative Advantage Belgium - Algeria

Flow
Scale

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

During 2022, Belgium had a large net trade with Algeria in the exports of Chemical Products ($136M), Plastics and Rubbers ($83.3M), and Machines ($65.7M).

During 2017, Algeria had a large net trade with Belgium in the exports of Mineral Products ($348M), Chemical Products ($163M), and Metals ($67.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Algeria+$35MVaccines, blood, antisera, toxins and cultures
Top Product Potential Algeria Belgium+$199MPetroleum Gas

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 Algeria. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Algeria. Similarly, a dot/product with the flag of Algeria indicates it has a comparative advantage over Belgium.

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

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