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2022
Flag → Flag
Exports $808MRnk 50 / 222
2022
Flag → Flag
Top Product $70.5MOther Organo-Inorganic Compounds
2022
Flag → Flag
Exports $1.97BRnk 24 / 218
2022
Flag → Flag
Top Product $450MOrthopedic Appliances
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
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$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 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$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Belgium-Malaysia Trade: In 2022, Belgium exported $808M to Malaysia. The main products that Belgium exported to Malaysia were Other Organo-Inorganic Compounds ($70.5M), Vaccines, blood, antisera, toxins and cultures ($60.7M), and Packaged Medicaments ($59.1M). Over the past 5 years the exports of Belgium to Malaysia have increased at an annualized rate of 8.08%, from $548M in 2017 to $808M in 2022.

In 2020, Belgium exported services to Malaysia worth $68.5M, with Other business services ($44.5M), Transportation ($13.7M), and Computer and information services ($6.85M) being the largest in terms of value.

Malaysia-Belgium Trade: In 2022, Malaysia exported $1.97B to Belgium. The main products that Malaysia exported to Belgium were Orthopedic Appliances ($450M), Hot-Rolled Iron Bars ($236M), and Integrated Circuits ($169M). Over the past 5 years the exports of Malaysia to Belgium have increased at an annualized rate of 9.41%,  from $1.25B in 2017 to $1.97B in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €76.5M and imported €95.9M from Malaysia, resulting in a negative trade balance of €19.4M. Between July 2023 and July 2024 the exports of Belgium have increased by €28.4M (59.1%) from €48.1M to €76.5M, while imports increased by €11M (12.9%) from €84.9M to €95.9M.

Trade In July 2024, the top exports of Belgium to Malaysia were Organic chemicals (€25.4M), Pharmaceutical products (€13.8M), Electrical machinery and electronics (€11.8M), Fertilizers (€11.1M), and Cars, tractors, trucks & parts thereof. (€5.08M). In July 2024 the top imports of Belgium from Malaysia were Optical, photo, & film equipment; medical... (€36.7M), Electrical machinery and electronics (€29.9M), Animal or vegetable fats, oils, &... (€6.38M), Rubber & articles thereof (€4.53M), and Machinery, mechanical appliances, & parts (€3.34M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Organic chemicals (€25M or 6k%), Pharmaceutical products (€11.6M or 541%), and Fertilizers (€7.56M or 211%). In July 2024, the increase in Belgium's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... (€11M or 42.8%), Electrical machinery and electronics (€5.5M or 22.6%), and Animal or vegetable fats, oils, &... (€3.23M or 102%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€28.4M(59.1%)
IMPORT GROWTH (July 2023 - July 2024)€11M(12.9%)

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 Malaysia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $808M to Malaysia. The main products exported from Belgium to Malaysia were Other Organo-Inorganic Compounds ($70.5M), Vaccines, blood, antisera, toxins and cultures ($60.7M), and Packaged Medicaments ($59.1M). During the last 5 years the exports of Belgium to Malaysia have increased at an annualized rate of 8.08%, from $548M in 2017 to $808M in 2022.

In 2017, Malaysia exported $1.97B to Belgium. The main products exported from Malaysia to Belgium were Orthopedic Appliances ($450M), Hot-Rolled Iron Bars ($236M), and Integrated Circuits ($169M). During the last 5 years the exports of Malaysia to Belgium have increased at an annualized rate of 9.41%, from $1.25B in 2022 to $1.97B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Malaysia
Top DestinationSingapore$53.8B

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

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

In 2022, countries that imported more from Malaysia than Belgium included Singapore ($53.8B), China ($48.5B), and Hong Kong ($21.7B).

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

Comparative Advantage Belgium - Malaysia

Flow
Scale

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

During 2022, Belgium had a large net trade with Malaysia in the exports of Chemical Products ($297M), Machines ($164M), and Plastics and Rubbers ($71.8M).

During 2017, Malaysia had a large net trade with Belgium in the exports of Instruments ($527M), Machines ($419M), and Metals ($312M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Malaysia+$41.3MRefined Petroleum
Top Product Potential Malaysia Belgium+$135MRefined 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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Economic Complexity

Competitive Landscape

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

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

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