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2022
Flag → Flag
Exports $7.73BRnk 10 / 222
2022
Flag → Flag
Top Product $2.48BCars
2022
Flag → Flag
Exports $7.35BRnk 11 / 217
2022
Flag → Flag
Top Product $1.06BMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
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$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Belgium-Sweden Trade: In 2022, Belgium exported $7.73B to Sweden. The main products that Belgium exported to Sweden were Cars ($2.48B), Vaccines, blood, antisera, toxins and cultures ($439M), and Refined Petroleum ($240M). Over the past 5 years the exports of Belgium to Sweden have increased at an annualized rate of 4.76%, from $6.13B in 2017 to $7.73B in 2022.

In 2020, Belgium exported services to Sweden worth $1.95B, with Other business services ($844M), Transportation ($643M), and Computer and information services ($255M) being the largest in terms of value.

Sweden-Belgium Trade: In 2022, Sweden exported $7.35B to Belgium. The main products that Sweden exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.06B), Refined Petroleum ($1.03B), and Combustion Engines ($659M). Over the past 5 years the exports of Sweden to Belgium have increased at an annualized rate of 1.73%,  from $6.75B in 2017 to $7.35B in 2022.

In 2020, Sweden exported services to Belgium worth $978M, with Other business services ($405M), Transportation ($199M), and Computer and information services ($135M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €479M and imported €538M from Sweden, resulting in a negative trade balance of €59M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-37.2M (-7.22%) from €516M to €479M, while imports increased by €45.5M (9.24%) from €492M to €538M.

Trade In August 2024, the top exports of Belgium to Sweden were Cars, tractors, trucks & parts thereof. (€202M), Machinery, mechanical appliances, & parts (€51M), Pharmaceutical products (€28.4M), Plastics & articles thereof (€24.8M), and Electrical machinery and electronics (€23.7M). In August 2024 the top imports of Belgium from Sweden were Cars, tractors, trucks & parts thereof. (€193M), Machinery, mechanical appliances, & parts (€136M), Organic chemicals (€54.2M), Electrical machinery and electronics (€23.6M), and Mineral fuels, mineral oils and products... (€16.4M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Beverages, spirits, & vinegar (€-5.91M or -74.5%), Iron & steel (€-5.06M or -23.5%), and Pharmaceutical products (€-4.29M or -13.1%). In August 2024, the increase in Belgium's year-by-year imports  from Sweden was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€55.2M or 40.1%), Organic chemicals (€17.7M or 48.4%), and Machinery, mechanical appliances, & parts (€15.7M or 13.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-37.2M(-7.22%)
IMPORT GROWTH (August 2023 - August 2024)€45.5M(9.24%)

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 Sweden and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $7.73B to Sweden. The main products exported from Belgium to Sweden were Cars ($2.48B), Vaccines, blood, antisera, toxins and cultures ($439M), and Refined Petroleum ($240M). During the last 5 years the exports of Belgium to Sweden have increased at an annualized rate of 4.76%, from $6.13B in 2017 to $7.73B in 2022.

In 2017, Sweden exported $7.35B to Belgium. The main products exported from Sweden to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.06B), Refined Petroleum ($1.03B), and Combustion Engines ($659M). During the last 5 years the exports of Sweden to Belgium have increased at an annualized rate of 1.73%, from $6.75B in 2022 to $7.35B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Belgium included Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

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

Comparative Advantage Belgium - Sweden

Flow
Scale

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

During 2022, Belgium had a large net trade with Sweden in the exports of Transportation ($2.97B), Chemical Products ($1.27B), and Machines ($865M).

During 2017, Sweden had a large net trade with Belgium in the exports of Machines ($1.87B), Transportation ($1.72B), and Mineral Products ($1.33B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Sweden+$125MRefined Petroleum
Top Product Potential Sweden Belgium+$152MCars

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 Sweden worth $1.95B, with Other business services ($844M), Transportation ($643M), and Computer and information services ($255M) being the largest in terms of value.

In 2020, Sweden exported services to Belgium worth $978M, with Other business services ($405M), Transportation ($199M), and Computer and information services ($135M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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