Belgium-India Trade: In 2022, Belgium exported $7.63B to India. The main products that Belgium exported to India were Diamonds ($4.96B), Orthopedic Appliances ($107M), and Vaccines, blood, antisera, toxins and cultures ($101M). Over the past 5 years the exports of Belgium to India have decreased at an annualized rate of 1.43%, from $8.2B in 2017 to $7.63B in 2022.
In 2020, Belgium exported services to India worth $312M, with Other business services ($109M), Computer and information services ($82.2M), and Transportation ($80M) being the largest in terms of value.
India-Belgium Trade: In 2022, India exported $9.2B to Belgium. The main products that India exported to Belgium were Diamonds ($2.91B), Refined Petroleum ($1.35B), and Packaged Medicaments ($474M). Over the past 5 years the exports of India to Belgium have increased at an annualized rate of 9.6%, from $5.82B in 2017 to $9.2B in 2022.
In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).