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2023
Flag → Flag
Exports $4.01BRnk 15 / 220
2023
Flag → Flag
Top Product $1.37BVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $8.71BRnk 20 / 211
2023
Flag → Flag
Top Product $5.38BCars
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$33,767CURRENT US$
Rnk 38 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Belgium-Japan Trade: In 2023, Belgium exported $4.01B to Japan. The main products that Belgium exported to Japan were Vaccines, blood, antisera, toxins and cultures ($1.37B), Packaged Medicaments ($467M), and Cars ($206M). Over the past 5 years the exports of Belgium to Japan have increased at an annualized rate of 5.03%, from $3.14B in 2018 to $4.01B in 2023.

In 2020, Belgium exported services to Japan worth $1.08B, with Other business services ($535M), Royalties and license fees ($234M), and Transportation ($167M) being the largest in terms of value.

Japan-Belgium Trade: In 2023, Japan exported $8.71B to Belgium. The main products that Japan exported to Belgium were Cars ($5.38B), Motor vehicles; parts and accessories (8701 to 8705) ($386M), and Medical Instruments ($225M). Over the past 5 years the exports of Japan to Belgium have increased at an annualized rate of 2.68%,  from $7.63B in 2018 to $8.71B in 2023.

In 2009, Japan exported services to Belgium worth $4.62B, with Services not allocated ($2.31B), Other business services ($1.64B), and Royalties and license fees ($337M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €285M and imported €611M from Japan, resulting in a negative trade balance of €326M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-182M (-39%) from €467M to €285M, while imports decreased by €-128M (-17.3%) from €739M to €611M.

Trade In October 2024, the top exports of Belgium to Japan were Pharmaceutical products (€228M), Cars, tractors, trucks & parts thereof. (€23.4M), Optical, photo, & film equipment; medical... (€23M), Machinery, mechanical appliances, & parts (€15.2M), and Electrical machinery and electronics (€12.8M). In October 2024 the top imports of Belgium from Japan were Cars, tractors, trucks & parts thereof. (€495M), Machinery, mechanical appliances, & parts (€65.6M), Electrical machinery and electronics (€43.4M), Optical, photo, & film equipment; medical... (€33M), and Plastics & articles thereof (€19.8M).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Japan was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-28.5M or -54.9%), Plastics & articles thereof (€-12.6M or -78.2%), and Organic chemicals (€-6.45M or -37.7%). In October 2024, the decrease in Belgium's year-by-year imports  from Japan was explained primarily by an decrease in product imports  in Cars, tractors, trucks & parts thereof. (€-51.2M or -9.36%), Pharmaceutical products (€-4.97M or -32.4%), and Electrical machinery and electronics (€-4.8M or -9.95%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-182M(-39%)
IMPORT GROWTH (October 2023 - October 2024)€-128M(-17.3%)

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 Japan and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $4.01B to Japan. The main products exported from Belgium to Japan were Vaccines, blood, antisera, toxins and cultures ($1.37B), Packaged Medicaments ($467M), and Cars ($206M). During the last 5 years the exports of Belgium to Japan have increased at an annualized rate of 5.03%, from $3.14B in 2018 to $4.01B in 2023.

In 2018, Japan exported $8.71B to Belgium. The main products exported from Japan to Belgium were Cars ($5.38B), Motor vehicles; parts and accessories (8701 to 8705) ($386M), and Medical Instruments ($225M). During the last 5 years the exports of Japan to Belgium have increased at an annualized rate of 2.68%, from $7.63B in 2023 to $8.71B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Japan
Top DestinationUnited States$143B

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

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

In 2023, countries that imported more from Japan than Belgium included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

Comparative Advantage Belgium - Japan

Flow
Scale

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

During 2023, Belgium had a large net trade with Japan in the exports of Chemical Products ($2.34B), Instruments ($302M), and Foodstuffs ($300M).

During 2018, Japan had a large net trade with Belgium in the exports of Transportation ($5.92B), Machines ($898M), and Plastics and Rubbers ($531M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Japan+$242MPackaged Medicaments
Top Product Potential Japan Belgium+$355MCars

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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Economic Complexity

Competitive Landscape

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

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

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