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Pricing

2022
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Exports $2.21BRnk 31 / 222
2022
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Top Product $235MVaccines, blood, antisera, toxins and cultures
2022
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Exports $646MRnk 20 / 208
2022
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Top Product $53MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 0.32Rnk 47 / 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$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 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$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Belgium-Greece In 2022, Belgium exported $2.21B to Greece. The main products that Belgium exported to Greece are Vaccines, blood, antisera, toxins and cultures ($235M), Packaged Medicaments ($208M), and Refined Petroleum ($109M). During the last 23 years the exports of Belgium to Greece have increased at an annualized rate of 2.87%, from $1.15B in 1999 to $2.21B in 2022.

In 2020, Belgium exported services to Greece worth $279M, with Other business services ($138M), Transportation ($37.7M), and Insurance services ($34.3M) being the largest in terms of value.

Greece-Belgium In 2022, Greece exported $646M to Belgium. The main products that Greece exported to Belgium were Refined Petroleum ($53M), Petroleum Coke ($49.9M), and Copper Pipes ($42.2M). During the last 23 years the exports of Greece to Belgium have increased at an annualized rate of 4.63%, from $228M in 1999 to $646M in 2022.

In 2020, Greece exported services to Belgium worth $388M, with Other business services ($129M), Travel ($105M), and Transportation ($79.5M) 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, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €115M and imported €17.8M from Greece, resulting in a positive trade balance of €97M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-15.7M (-12.1%) from €131M to €115M, while imports decreased by €-1.11M (-5.86%) from €18.9M to €17.8M.

Trade In December 2023, the top exports of Belgium to Greece were Pharmaceutical products (€33.1M), Cars, tractors, trucks & parts thereof. (€17.3M), Machinery, mechanical appliances, & parts (€10.4M), Plastics & articles thereof (€9.44M), and Sugars & confectioneries (€9.34M). In December 2023 the top imports of Belgium from Greece were Mineral fuels, mineral oils and products... (€3.9M), Preparations of vegetables, fruit, nuts or... (€2.57M), Aluminum articles (€2.16M), Plastics & articles thereof (€1.79M), and Pharmaceutical products (€1.59M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Greece was explained primarily by an decrease in product exports in Pharmaceutical products (€-14.2M or -30.1%), Iron & steel (€-4.42M or -70.5%), and Organic chemicals (€-1.48M or -33.2%). In December 2023, the decrease in Belgium's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-1.55M or -70.3%), Pharmaceutical products (€-1.03M or -39.2%), and Inorganic chemicals (€-687k or -83.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-15.7M(-12.1%)
IMPORT GROWTH (December 2022 - December 2023)€-1.11M(-5.86%)

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 Greece and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $2.21B to Greece. The main products exported from Belgium to Greece were Vaccines, blood, antisera, toxins and cultures ($235M), Packaged Medicaments ($208M), and Refined Petroleum ($109M). During the last 23 years the exports of Belgium to Greece have increased at an annualized rate of 2.87%, from $1.15B in 1999 to $2.21B in 2022.

In 2022, Greece exported $646M to Belgium. The main products exported from Greece to Belgium were Refined Petroleum ($53M), Petroleum Coke ($49.9M), and Copper Pipes ($42.2M). During the last 23 years the exports of Greece to Belgium have increased at an annualized rate of 4.63%, from $228M in 1999 to $646M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Greece
Top DestinationItaly$5.82B

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

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

In 2021, countries that imported more from Greece than Belgium were Cyprus ($2.92B), Bulgaria ($3.62B), and North Macedonia ($1.7B).

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

Comparative Advantage Belgium - Greece

Flow
Scale

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

During 2022, Belgium had a large net trade with Greece in the exports of Chemical Products ($714M), Machines ($185M), and Foodstuffs ($182M).

During 2022, Greece had a large net trade with Belgium in the exports of Metals ($142M), Mineral Products ($124M), and Foodstuffs ($115M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Greece worth $279M, with Other business services ($138M), Transportation ($37.7M), and Insurance services ($34.3M) being the largest in terms of value.

In 2020, Greece exported services to Belgium worth $388M, with Other business services ($129M), Travel ($105M), and Transportation ($79.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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