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2023
Flag → Flag
Exports $807MRnk 46 / 220
2023
Flag → Flag
Top Product $105MIntegrated Circuits
2023
Flag → Flag
Exports $1.39BRnk 29 / 221
2023
Flag → Flag
Top Product $371MOrthopedic Appliances
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.04Rnk 27 / 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$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Belgium-Malaysia Trade: In 2023, Belgium exported $807M to Malaysia. The main products that Belgium exported to Malaysia were Integrated Circuits ($105M), Other Organo-Inorganic Compounds ($94M), and Packaged Medicaments ($39.4M). Over the past 5 years the exports of Belgium to Malaysia have increased at an annualized rate of 0.61%, from $783M in 2018 to $807M in 2023.

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 2023, Malaysia exported $1.39B to Belgium. The main products that Malaysia exported to Belgium were Orthopedic Appliances ($371M), Integrated Circuits ($195M), and Medical Instruments ($135M). Over the past 5 years the exports of Malaysia to Belgium have increased at an annualized rate of 10.7%,  from $838M in 2018 to $1.39B in 2023.

In 2023, Malaysia did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €65.6M and imported €103M from Malaysia, resulting in a negative trade balance of €37M. Between October 2023 and October 2024 the exports of Belgium have increased by €13.5M (25.9%) from €52.1M to €65.6M, while imports decreased by €-2.06M (-1.97%) from €105M to €103M.

Trade In October 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 October 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 October 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 October 2024, the decrease in Belgium's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings (€-2.45M or -90%), Rubber & articles thereof (€-2.24M or -33.1%), and Machinery, mechanical appliances, & parts (€-1.3M or -28.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€13.5M(25.9%)
IMPORT GROWTH (October 2023 - October 2024)€-2.06M(-1.97%)

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 2023, Belgium exported $807M to Malaysia. The main products exported from Belgium to Malaysia were Integrated Circuits ($105M), Other Organo-Inorganic Compounds ($94M), and Packaged Medicaments ($39.4M). During the last 5 years the exports of Belgium to Malaysia have increased at an annualized rate of 0.61%, from $783M in 2018 to $807M in 2023.

In 2018, Malaysia exported $1.39B to Belgium. The main products exported from Malaysia to Belgium were Orthopedic Appliances ($371M), Integrated Circuits ($195M), and Medical Instruments ($135M). During the last 5 years the exports of Malaysia to Belgium have increased at an annualized rate of 10.7%, from $838M in 2023 to $1.39B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Malaysia than Belgium included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

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 2023, Belgium had a large net trade with Malaysia in the exports of Chemical Products ($264M), Machines ($223M), and Metals ($70.3M).

During 2018, Malaysia had a large net trade with Belgium in the exports of Instruments ($537M), Machines ($422M), and Animal and Vegetable Bi-Products ($141M).

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) (2023)

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