Belgium / Spain

Belgium-Spain Trade: In 2023, Belgium exported $10.5B to Spain. The main products that Belgium exported to Spain were Packaged Medicaments ($736M), Refined Petroleum ($511M), and Vaccines, blood, antisera, toxins and cultures ($503M). Over the past 5 years the exports of Belgium to Spain have increased at an annualized rate of 3.63%, from $8.81B in 2018 to $10.5B in 2023.

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 2023, Spain exported $10.8B to Belgium. The main products that Spain exported to Belgium were Cars ($1.67B), Vaccines, blood, antisera, toxins and cultures ($962M), and Delivery Trucks ($624M). Over the past 5 years the exports of Spain to Belgium have increased at an annualized rate of 4.57%,  from $8.61B in 2018 to $10.8B in 2023.

In 2020, Spain exported services to Belgium worth $789M, with Travel ($789M) 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).