Belgium / Spain

Belgium-Spain Trade: In 2022, Belgium exported $11.7B to Spain. The main products that Belgium exported to Spain were Vaccines, blood, antisera, toxins and cultures ($1.2B), Packaged Medicaments ($782M), and Cars ($710M). Over the past 5 years the exports of Belgium to Spain have increased at an annualized rate of 6.4%, from $8.56B in 2017 to $11.7B in 2022.

In 2020, Belgium exported services to Spain worth $1.92B, with Other business services ($810M), Transportation ($386M), and Computer and information services ($257M) being the largest in terms of value.

Spain-Belgium Trade: In 2022, Spain exported $11.3B to Belgium. The main products that Spain exported to Belgium were Cars ($1.68B), Refined Petroleum ($1.08B), and Delivery Trucks ($469M). Over the past 5 years the exports of Spain to Belgium have increased at an annualized rate of 5.72%,  from $8.55B in 2017 to $11.3B in 2022.

In 2020, Spain exported services to Belgium worth $789M, with Travel ($789M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).