Belgium-Portugal Trade: In 2022, Belgium exported $3.17B to Portugal. The main products that Belgium exported to Portugal were Cars ($373M), Vaccines, blood, antisera, toxins and cultures ($325M), and Refined Petroleum ($204M). Over the past 5 years the exports of Belgium to Portugal have increased at an annualized rate of 9.72%, from $1.99B in 2017 to $3.17B in 2022.
In 2020, Belgium exported services to Portugal worth $556M, with Travel ($188M), Other business services ($122M), and Transportation ($93.7M) being the largest in terms of value.
Portugal-Belgium Trade: In 2022, Portugal exported $1.93B to Belgium. The main products that Portugal exported to Belgium were Cars ($92.5M), Amino-resins ($90.1M), and Packaged Medicaments ($66.3M). Over the past 5 years the exports of Portugal to Belgium have increased at an annualized rate of 6.1%, from $1.43B in 2017 to $1.93B in 2022.
In 2020, Portugal exported services to Belgium worth $764M, with Other business services ($234M), Travel ($230M), and Transportation ($142M) being the largest in terms of value.
Comparison: In 2022, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).