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2022
Flag → Flag
Exports $60.9MRnk 126 / 222
2022
Flag → Flag
Top Product $5.89MCars
2022
Flag → Flag
Exports $19.4MRnk 31 / 158
2022
Flag → Flag
Top Product $4.31MPrefabricated Buildings
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.0038Rnk 65 / 133
2022
Flag  
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$14.4BCURRENT US$
Rnk 133 / 186
2012-2022
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GDP GROWTH65.6%CURRENT US$
Rnk 33 / 186
2022
Flag
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$5,563CURRENT US$
Rnk 106 / 186
2012-2022
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GDP PC GROWTH82.7%CURRENT US$
Rnk 14 / 186

About

Belgium-Moldova Trade: In 2022, Belgium exported $60.9M to Moldova. The main products that Belgium exported to Moldova were Cars ($5.89M), Tractors ($5.13M), and Pesticides ($4M). Over the past 5 years the exports of Belgium to Moldova have increased at an annualized rate of 5.88%, from $45.7M in 2017 to $60.9M in 2022.

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

Moldova-Belgium Trade: In 2022, Moldova exported $19.4M to Belgium. The main products that Moldova exported to Belgium were Prefabricated Buildings ($4.31M), Other Iron Products ($3.84M), and Bi-Wheel Vehicle Parts ($3.29M). Over the past 5 years the exports of Moldova to Belgium have increased at an annualized rate of 9.08%,  from $12.5M in 2017 to $19.4M in 2022.

In 2022, Moldova 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, Moldova ranked 65 in the Economic Complexity Index (ECI 0.0038), and 124 in total exports ($4.94B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €5.44M and imported €490k from Moldova, resulting in a positive trade balance of €4.95M. Between July 2023 and July 2024 the exports of Belgium have increased by €2.61M (91.8%) from €2.84M to €5.44M, while imports decreased by €-404k (-45.2%) from €894k to €490k.

Trade In July 2024, the top exports of Belgium to Moldova were Cars, tractors, trucks & parts thereof. (€2.04M), Machinery, mechanical appliances, & parts (€1.32M), Pharmaceutical products (€730k), Plastics & articles thereof (€261k), and Edible products of animal origin, n.e.s. (€231k). In July 2024 the top imports of Belgium from Moldova were Iron or steel articles (€426k), Cereals (€149k), Furniture, bedding, lamps, & prefab buildings (€125k), Plastics & articles thereof (€36.1k), and Preparations of vegetables, fruit, nuts or... (€35.6k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Moldova was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€1.49M or 270%), Machinery, mechanical appliances, & parts (€810k or 158%), and Pharmaceutical products (€528k or 263%). In July 2024, the decrease in Belgium's year-by-year imports  from Moldova was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings (€-84.5k or -40.4%), Knitted clothing accesories (€-12.8k or -93.2%), and Wood, wood articles, & charcoal (€-4.92k or -77.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€2.61M(91.8%)
IMPORT GROWTH (July 2023 - July 2024)€-404k(-45.2%)

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 Moldova and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Moldova and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $60.9M to Moldova. The main products exported from Belgium to Moldova were Cars ($5.89M), Tractors ($5.13M), and Pesticides ($4M). During the last 5 years the exports of Belgium to Moldova have increased at an annualized rate of 5.88%, from $45.7M in 2017 to $60.9M in 2022.

In 2017, Moldova exported $19.4M to Belgium. The main products exported from Moldova to Belgium were Prefabricated Buildings ($4.31M), Other Iron Products ($3.84M), and Bi-Wheel Vehicle Parts ($3.29M). During the last 5 years the exports of Moldova to Belgium have increased at an annualized rate of 9.08%, from $12.5M in 2022 to $19.4M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Moldova
Top DestinationRomania$1.35B

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

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

In 2022, countries that imported more from Moldova than Belgium included Ukraine ($729M) and Tuvalu ($264k).

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

Comparative Advantage Belgium - Moldova

Flow
Scale

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

During 2022, Belgium had a large net trade with Moldova in the exports of Transportation ($16.7M), Chemical Products ($11.1M), and Machines ($9.2M).

During 2017, Moldova had a large net trade with Belgium in the exports of Metals ($4.86M), Miscellaneous ($4.6M), and Transportation ($3.99M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Moldova+$6.1MCars
Top Product Potential Moldova Belgium+$2.53MSeed Oils

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 Moldova. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Moldova. Similarly, a dot/product with the flag of Moldova indicates it has a comparative advantage over Belgium.

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

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