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2022
Flag → Flag
Exports $1.81BRnk 36 / 222
2022
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Top Product $171MCars
2022
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Exports $2.94BRnk 8 / 207
2022
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Top Product $624MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
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$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 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$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Belgium-Finland Trade: In 2022, Belgium exported $1.81B to Finland. The main products that Belgium exported to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). Over the past 5 years the exports of Belgium to Finland have increased at an annualized rate of 5.02%, from $1.42B in 2017 to $1.81B in 2022.

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

Finland-Belgium Trade: In 2022, Finland exported $2.94B to Belgium. The main products that Finland exported to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). Over the past 5 years the exports of Finland to Belgium have increased at an annualized rate of 6.79%,  from $2.12B in 2017 to $2.94B in 2022.

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €100M and imported €111M from Finland, resulting in a negative trade balance of €10.7M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-23.1M (-18.7%) from €123M to €100M, while imports increased by €19M (20.6%) from €92M to €111M.

Trade In August 2024, the top exports of Belgium to Finland were Cars, tractors, trucks & parts thereof. (€25.6M), Machinery, mechanical appliances, & parts (€18.2M), Pharmaceutical products (€14.6M), Plastics & articles thereof (€12.1M), and Electrical machinery and electronics (€5.96M). In August 2024 the top imports of Belgium from Finland were Mineral fuels, mineral oils and products... (€80.7M), Paper articles (€10.1M), Machinery, mechanical appliances, & parts (€10M), Inorganic chemicals (€4.8M), and Ores, slag and ash (€4.72M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Finland was explained primarily by an decrease in product exports in Pharmaceutical products (€-10.9M or -42.7%), Mineral fuels, mineral oils and products... (€-8.15M or -85.5%), and Inorganic chemicals (€-1.63M or -43.7%). In August 2024, the increase in Belgium's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€42.6M or 112%), Ores, slag and ash (€4.31M or 1.03k%), and Nickel articles (€3.96M or 65.1k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-23.1M(-18.7%)
IMPORT GROWTH (August 2023 - August 2024)€19M(20.6%)

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 Finland and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.81B to Finland. The main products exported from Belgium to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). During the last 5 years the exports of Belgium to Finland have increased at an annualized rate of 5.02%, from $1.42B in 2017 to $1.81B in 2022.

In 2017, Finland exported $2.94B to Belgium. The main products exported from Finland to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). During the last 5 years the exports of Finland to Belgium have increased at an annualized rate of 6.79%, from $2.12B in 2022 to $2.94B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Finland
Top DestinationGermany$9.99B

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

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

In 2022, countries that imported more from Finland than Belgium included Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

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

Comparative Advantage Belgium - Finland

Flow
Scale

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

During 2022, Belgium had a large net trade with Finland in the exports of Chemical Products ($387M), Machines ($290M), and Plastics and Rubbers ($235M).

During 2017, Finland had a large net trade with Belgium in the exports of Mineral Products ($1.04B), Chemical Products ($517M), and Paper Goods ($436M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Finland+$56MRefined Petroleum
Top Product Potential Finland Belgium+$23.6MPackaged 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 Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Belgium.

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

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