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2023
Flag → Flag
Exports $67.3BRnk 2 / 220
2023
Flag → Flag
Top Product $7.85BRefined Petroleum
2023
Flag → Flag
Exports $87BRnk 2 / 224
2023
Flag → Flag
Top Product $20.8BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag  
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$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
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GDP GROWTH30.6%CURRENT US$
Rnk 114 / 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$64,572CURRENT US$
Rnk 17 / 196
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195

About

Belgium-Netherlands Trade: In 2023, Belgium exported $67.3B to Netherlands. The main products that Belgium exported to Netherlands were Refined Petroleum ($7.85B), Petroleum Gas ($4.58B), and Packaged Medicaments ($4.23B). Over the past 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.55%, from $51.4B in 2018 to $67.3B in 2023.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Netherlands-Belgium Trade: In 2023, Netherlands exported $87B to Belgium. The main products that Netherlands exported to Belgium were Crude Petroleum ($20.8B), Refined Petroleum ($7.09B), and Cars ($2.98B). Over the past 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 4.03%,  from $71.4B in 2018 to $87B in 2023.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) 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, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €4.09B and imported €6.88B from Netherlands, resulting in a negative trade balance of €2.79B. Between October 2023 and October 2024 the exports of Belgium have increased by €160M (4.07%) from €3.93B to €4.09B, while imports decreased by €-293M (-4.08%) from €7.17B to €6.88B.

Trade In October 2024, the top exports of Belgium to Netherlands were Mineral fuels, mineral oils and products... (€1.15B), Cars, tractors, trucks & parts thereof. (€354M), Pharmaceutical products (€252M), Machinery, mechanical appliances, & parts (€210M), and Electrical machinery and electronics (€175M). In October 2024 the top imports of Belgium from Netherlands were Mineral fuels, mineral oils and products... (€2.71B), Electrical machinery and electronics (€491M), Machinery, mechanical appliances, & parts (€357M), Cars, tractors, trucks & parts thereof. (€321M), and Plastics & articles thereof (€228M).

Growth In October 2024, the increase in Belgium's year-by-year exports to Netherlands was explained primarily by an increase in product exports in Pharmaceutical products (€182M or 260%), Mineral fuels, mineral oils and products... (€116M or 11.2%), and Electrical machinery and electronics (€94.7M or 117%). In October 2024, the decrease in Belgium's year-by-year imports  from Netherlands was explained primarily by an decrease in product imports  in Organic chemicals (€-61.9M or -25.6%), Mineral fuels, mineral oils and products... (€-55.9M or -2.02%), and Fertilizers (€-31.3M or -64.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€160M(4.07%)
IMPORT GROWTH (October 2023 - October 2024)€-293M(-4.08%)

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 Netherlands and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Netherlands and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $67.3B to Netherlands. The main products exported from Belgium to Netherlands were Refined Petroleum ($7.85B), Petroleum Gas ($4.58B), and Packaged Medicaments ($4.23B). During the last 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 5.55%, from $51.4B in 2018 to $67.3B in 2023.

In 2018, Netherlands exported $87B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($20.8B), Refined Petroleum ($7.09B), and Cars ($2.98B). During the last 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 4.03%, from $71.4B in 2023 to $87B in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Netherlands
Top DestinationGermany$96.9B

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

In 2023, countries that imported more from Belgium than Netherlands included France ($85.6B), Luxembourg ($6.65B), and Nigeria ($5.34B).

In 2023, countries that imported more from Netherlands than Belgium included Germany ($96.9B), China ($18B), and Spain ($21B).

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

Comparative Advantage Belgium - Netherlands

Flow
Scale

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

During 2023, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($16.1B), Chemical Products ($12.5B), and Foodstuffs ($5.91B).

During 2018, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($33.8B), Machines ($10.2B), and Chemical Products ($8.21B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Netherlands+$1.48BRefined Petroleum
Top Product Potential Netherlands Belgium+$1.42BRefined 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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Bilateral Service Trade

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Netherlands (Flag) (2020)

Services Exports from Netherlands (Flag) to Belgium (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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