2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$21,258CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
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About

Belgium-Slovakia Trade: In 2022, Belgium exported $1.3B to Slovakia. The main products that Belgium exported to Slovakia were Cars ($170M), Vaccines, blood, antisera, toxins and cultures ($97.3M), and Packaged Medicaments ($83M). Over the past 5 years the exports of Belgium to Slovakia have increased at an annualized rate of 5.93%, from $973M in 2017 to $1.3B in 2022.

In 2020, Belgium exported services to Slovakia worth $291M, with Other business services ($120M), Computer and information services ($61.7M), and Transportation ($38.8M) being the largest in terms of value.

Slovakia-Belgium Trade: In 2022, Slovakia exported $1.53B to Belgium. The main products that Slovakia exported to Belgium were Cars ($410M), Rubber Tires ($88.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($72.3M). Over the past 5 years the exports of Slovakia to Belgium have increased at an annualized rate of 1.78%,  from $1.12B in 2017 to $1.53B in 2022.

In 2020, Slovakia exported services to Belgium worth $249M, with Transportation ($118M), Other business services ($89.5M), and Construction services ($14.3M) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.3B to Slovakia. The main products exported from Belgium to Slovakia were Cars ($170M), Vaccines, blood, antisera, toxins and cultures ($97.3M), and Packaged Medicaments ($83M). During the last 5 years the exports of Belgium to Slovakia have increased at an annualized rate of 5.93%, from $973M in 2017 to $1.3B in 2022.

In 2017, Slovakia exported $1.53B to Belgium. The main products exported from Slovakia to Belgium were Cars ($410M), Rubber Tires ($88.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($72.3M). During the last 5 years the exports of Slovakia to Belgium have increased at an annualized rate of 1.78%, from $1.12B in 2022 to $1.53B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Slovakia
Top Destination
Germany$22.2B

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

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

In 2022, countries that imported more from Slovakia than Belgium included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

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

Comparative Advantage Belgium - Slovakia

Flow
Scale

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

During 2022, Belgium had a large net trade with Slovakia in the exports of Transportation ($281M), Chemical Products ($269M), and Machines ($210M).

During 2017, Slovakia had a large net trade with Belgium in the exports of Transportation ($550M), Machines ($442M), and Metals ($181M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Slovakia+$50.5MCars
Top Product Potential Slovakia Belgium+$260MCars

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 Slovakia worth $291M, with Other business services ($120M), Computer and information services ($61.7M), and Transportation ($38.8M) being the largest in terms of value.

In 2020, Slovakia exported services to Belgium worth $249M, with Transportation ($118M), Other business services ($89.5M), and Construction services ($14.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Slovakia (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 Slovakia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Belgium.

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

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