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2022
Flag → Flag
Exports $166MRnk 93 / 222
2022
Flag → Flag
Top Product $121MCoal Tar Oil
2022
Flag → Flag
Exports $90.7kRnk 35 / 89
2022
Flag → Flag
Top Product $54.7kOther Agricultural Machinery
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 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 PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-Gibraltar Trade: In 2022, Belgium exported $166M to Gibraltar. The main products that Belgium exported to Gibraltar were Coal Tar Oil ($121M), Petroleum Gas ($30.7M), and Refined Petroleum ($9.05M). Over the past 5 years the exports of Belgium to Gibraltar have increased at an annualized rate of 42.1%, from $28.7M in 2017 to $166M in 2022.

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

Gibraltar-Belgium Trade: In 2022, Gibraltar exported $90.7k to Belgium. The main products that Gibraltar exported to Belgium were Other Agricultural Machinery ($54.7k), Soybean Oil ($14.1k), and Beauty Products ($7.79k). Over the past 5 years the exports of Gibraltar to Belgium have decreased at an annualized rate of 55.7%,  from $5.33M in 2017 to $90.7k in 2022.

In 2022, Gibraltar 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, Gibraltar ranked 173 in total exports ($411M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €39M and imported €6.52k from Gibraltar, resulting in a positive trade balance of €39M. Between August 2023 and August 2024 the exports of Belgium have increased by €37.6M (2.69k%) from €1.4M to €39M, while imports decreased by €-3.62k (-35.7%) from €10.1k to €6.52k.

Trade In August 2024, the top exports of Belgium to Gibraltar were Mineral fuels, mineral oils and products... (€5.63M), Ships, boats, & floating structures (€110k), Animal or vegetable fats, oils, &... (€42.7k), Machinery, mechanical appliances, & parts (€36.4k), and Tobacco & substitutes (€24k). In August 2024 the top imports of Belgium from Gibraltar were Perfumery & cosmetics (€902), Art & antiques (€850), and Mineral fuels, mineral oils and products... (€20).

Growth In August 2024, the increase in Belgium's year-by-year exports to Gibraltar was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€35.8k or 5.82k%), Plastics & articles thereof (€9.77k or 465%), and Animal or vegetable fats, oils, &... (€4.04k or 10.5%). In August 2024, the decrease in Belgium's year-by-year imports  from Gibraltar was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€37.6M(2.69k%)
IMPORT GROWTH (August 2023 - August 2024)€-3.62k(-35.7%)

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 Gibraltar and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gibraltar and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $166M to Gibraltar. The main products exported from Belgium to Gibraltar were Coal Tar Oil ($121M), Petroleum Gas ($30.7M), and Refined Petroleum ($9.05M). During the last 5 years the exports of Belgium to Gibraltar have increased at an annualized rate of 42.1%, from $28.7M in 2017 to $166M in 2022.

In 2017, Gibraltar exported $90.7k to Belgium. The main products exported from Gibraltar to Belgium were Other Agricultural Machinery ($54.7k), Soybean Oil ($14.1k), and Beauty Products ($7.79k). During the last 5 years the exports of Gibraltar to Belgium have decreased at an annualized rate of 55.7%, from $5.33M in 2022 to $90.7k in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Gibraltar
Top DestinationIreland$81.4M

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

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

In 2022, no countries were registered that imported more from Gibraltar than from Belgium.

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

Comparative Advantage Belgium - Gibraltar

Flow
Scale

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

During 2022, Belgium had a large net trade with Gibraltar in the exports of Mineral Products ($165M), Animal and Vegetable Bi-Products ($413k), and Transportation ($297k).

During 2017, Gibraltar had a large net trade with Belgium in the exports of Machines ($62.2k), Animal and Vegetable Bi-Products ($14.1k), and Chemical Products ($7.79k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Gibraltar. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Gibraltar. Similarly, a dot/product with the flag of Gibraltar indicates it has a comparative advantage over Belgium.

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

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