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2023
Flag → Flag
Exports $2.22BRnk 29 / 220
2023
Flag → Flag
Top Product $188MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $394MRnk 31 / 214
2023
Flag → Flag
Top Product $21.7MCopper Pipes
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$23,401CURRENT US$
Rnk 53 / 196
2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Belgium-Greece Trade: In 2023, Belgium exported $2.22B to Greece. The main products that Belgium exported to Greece were Vaccines, blood, antisera, toxins and cultures ($188M), Packaged Medicaments ($147M), and Motor vehicles; parts and accessories (8701 to 8705) ($72.9M). Over the past 5 years the exports of Belgium to Greece have increased at an annualized rate of 2.45%, from $1.97B in 2018 to $2.22B in 2023.

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 Trade: In 2023, Greece exported $394M to Belgium. The main products that Greece exported to Belgium were Copper Pipes ($21.7M), Refined Petroleum ($21.4M), and Other Processed Vegetables ($19.7M). Over the past 5 years the exports of Greece to Belgium have increased at an annualized rate of 3.9%,  from $326M in 2018 to $394M in 2023.

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 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €148M and imported €22.5M from Greece, resulting in a positive trade balance of €126M. Between October 2023 and October 2024 the exports of Belgium have increased by €17.9M (13.7%) from €130M to €148M, while imports increased by €4.39M (24.2%) from €18.1M to €22.5M.

Trade In October 2024, 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 October 2024 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 October 2024, the increase in Belgium's year-by-year exports to Greece was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€6.74M or 64.1%), Sugars & confectioneries (€4.98M or 114%), and Fertilizers (€3.05M or 2.48k%). In October 2024, the increase in Belgium's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€3.9M or 969k%), Edible products of animal origin, n.e.s. (€766k or 166%), and Copper articles (€605k or 81.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€17.9M(13.7%)
IMPORT GROWTH (October 2023 - October 2024)€4.39M(24.2%)

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.

For full datasets download visit Bulk Download page.

Explore Greece and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $2.22B to Greece. The main products exported from Belgium to Greece were Vaccines, blood, antisera, toxins and cultures ($188M), Packaged Medicaments ($147M), and Motor vehicles; parts and accessories (8701 to 8705) ($72.9M). During the last 5 years the exports of Belgium to Greece have increased at an annualized rate of 2.45%, from $1.97B in 2018 to $2.22B in 2023.

In 2018, Greece exported $394M to Belgium. The main products exported from Greece to Belgium were Copper Pipes ($21.7M), Refined Petroleum ($21.4M), and Other Processed Vegetables ($19.7M). During the last 5 years the exports of Greece to Belgium have increased at an annualized rate of 3.9%, from $326M in 2023 to $394M in 2018.

Exports from Belgium (Flag) to Greece (Flag) (2023)

Exports from Greece (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Greece
Top DestinationItaly$6.21B

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 2023, countries that imported more from Belgium than Greece included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Greece than Belgium included Cyprus ($3.03B), Lebanon ($1.78B), and Libya ($1.71B).

Difference in imports from Greece (Flag) and Belgium (Flag) (2023)

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 2023, Belgium had a large net trade with Greece in the exports of Chemical Products ($582M), Machines ($247M), and Foodstuffs ($227M).

During 2018, Greece had a large net trade with Belgium in the exports of Metals ($85M), Foodstuffs ($73.7M), and Mineral Products ($49.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Greece+$83.4MRefined Petroleum
Top Product Potential Greece Belgium+$78.4MRefined Petroleum

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 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)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Greece (Flag) (2023)

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