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Pricing

2022
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Exports $450MRnk 67 / 222
2022
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Top Product $33.1MApples and Pears
2022
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Exports $331MRnk 14 / 188
2022
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Top Product $99MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 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$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 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$28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Belgium-Estonia In 2022, Belgium exported $450M to Estonia. The main products that Belgium exported to Estonia are Apples and Pears ($33.1M), Coated Flat-Rolled Iron ($30.8M), and Coal Tar Oil ($23.5M). During the last 23 years the exports of Belgium to Estonia have increased at an annualized rate of 8.6%, from $67.4M in 1999 to $450M in 2022.

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

Estonia-Belgium In 2022, Estonia exported $331M to Belgium. The main products that Estonia exported to Belgium were Refined Petroleum ($99M), Safety Glass ($51.6M), and Sawn Wood ($10.6M). During the last 23 years the exports of Estonia to Belgium have increased at an annualized rate of 8.74%, from $48.1M in 1999 to $331M in 2022.

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €25.7M and imported €24.7M from Estonia, resulting in a positive trade balance of €978k. Between December 2022 and December 2023 the exports of Belgium have decreased by €-4.33M (-14.4%) from €30M to €25.7M, while imports increased by €6.36M (34.6%) from €18.4M to €24.7M.

Trade In December 2023, the top exports of Belgium to Estonia were Machinery, mechanical appliances, & parts (€5.59M), Electrical machinery and electronics (€3.52M), Edible fruits, nuts & fruit peels (€3.29M), Cars, tractors, trucks & parts thereof. (€3M), and Iron & steel (€1.66M). In December 2023 the top imports of Belgium from Estonia were Glass & glassware (€5.32M), Electrical machinery and electronics (€1.88M), Cars, tractors, trucks & parts thereof. (€1.69M), Wood, wood articles, & charcoal (€1.18M), and Mineral fuels, mineral oils and products... (€878k).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Iron & steel (€-6.76M or -80.3%), Edible fruits, nuts & fruit peels (€-4.39M or -57.2%), and Pharmaceutical products (€-2.44M or -92.6%). In December 2023, the increase in Belgium's year-by-year imports  from Estonia was explained primarily by an increase in product imports  in Electrical machinery and electronics (€1.17M or 166%), Glass & glassware (€772k or 16.9%), and Fish, crustaceans, & molluscs (€494k or 7.43k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-4.33M(-14.4%)
IMPORT GROWTH (December 2022 - December 2023)€6.36M(34.6%)

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 Estonia and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $450M to Estonia. The main products exported from Belgium to Estonia were Apples and Pears ($33.1M), Coated Flat-Rolled Iron ($30.8M), and Coal Tar Oil ($23.5M). During the last 23 years the exports of Belgium to Estonia have increased at an annualized rate of 8.6%, from $67.4M in 1999 to $450M in 2022.

In 2022, Estonia exported $331M to Belgium. The main products exported from Estonia to Belgium were Refined Petroleum ($99M), Safety Glass ($51.6M), and Sawn Wood ($10.6M). During the last 23 years the exports of Estonia to Belgium have increased at an annualized rate of 8.74%, from $48.1M in 1999 to $331M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Estonia
Top DestinationFinland$3B

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

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

In 2021, countries that imported more from Estonia than Belgium were Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Comparative Advantage Belgium - Estonia

Flow
Scale

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

During 2022, Belgium had a large net trade with Estonia in the exports of Machines ($93.3M), Chemical Products ($63.5M), and Metals ($60.2M).

During 2022, Estonia had a large net trade with Belgium in the exports of Mineral Products ($107M), Stone And Glass ($53.4M), and Machines ($40.2M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Estonia (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 Estonia. Similarly, the more yellow a dot/product is, the more Estonia has comparative advantage over Belgium.

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

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