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2022
Flag → Flag
Exports $5.06BRnk 15 / 222
2022
Flag → Flag
Top Product $621MScrap Iron
2022
Flag → Flag
Exports $4.72BRnk 15 / 219
2022
Flag → Flag
Top Product $494MDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Belgium-Turkey Trade: In 2022, Belgium exported $5.06B to Turkey. The main products that Belgium exported to Turkey were Scrap Iron ($621M), Packaged Medicaments ($189M), and Looms ($187M). Over the past 5 years the exports of Belgium to Turkey have increased at an annualized rate of 4.45%, from $4.07B in 2017 to $5.06B in 2022.

In 2020, Belgium exported services to Turkey worth $340M, with Other business services ($137M), Transportation ($135M), and Communications services ($18.3M) being the largest in terms of value.

Turkey-Belgium Trade: In 2022, Turkey exported $4.72B to Belgium. The main products that Turkey exported to Belgium were Delivery Trucks ($494M), Cars ($348M), and Coal Tar Oil ($223M). Over the past 5 years the exports of Turkey to Belgium have increased at an annualized rate of 4.6%,  from $3.29B in 2017 to $4.72B in 2022.

In 2009, Turkey exported services to Belgium worth $351M, with Travel ($345M), Other business services ($5.16M), and Insurance services ($1.03M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €314M and imported €231M from Turkey, resulting in a positive trade balance of €82.3M. Between August 2023 and August 2024 the exports of Belgium have increased by €17.1M (5.77%) from €297M to €314M, while imports decreased by €-33.4M (-12.6%) from €265M to €231M.

Trade In August 2024, the top exports of Belgium to Turkey were Machinery, mechanical appliances, & parts (€64M), Plastics & articles thereof (€53.7M), Iron & steel (€50.9M), Cars, tractors, trucks & parts thereof. (€46.9M), and Organic chemicals (€27.2M). In August 2024 the top imports of Belgium from Turkey were Cars, tractors, trucks & parts thereof. (€81M), Machinery, mechanical appliances, & parts (€37.1M), Iron/Steel Articles (€17.4M), Electrical machinery and electronics (€16.3M), and Plastics & articles thereof (€13.2M).

Growth In August 2024, the increase in Belgium's year-by-year exports to Turkey was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€31.3M or 95.9%), Cars, tractors, trucks & parts thereof. (€18M or 62.3%), and Soap, cleaners, candles, dental, modelling pastes (€11.7M or 708%). In August 2024, the decrease in Belgium's year-by-year imports  from Turkey was explained primarily by an decrease in product imports  in Iron & steel (€-37.5M or -85.8%), Mineral fuels, mineral oils and products... (€-34.7M or -75.5%), and Knitted clothing accesories (€-2.68M or -41.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€17.1M(5.77%)
IMPORT GROWTH (August 2023 - August 2024)€-33.4M(-12.6%)

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 Turkey and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $5.06B to Turkey. The main products exported from Belgium to Turkey were Scrap Iron ($621M), Packaged Medicaments ($189M), and Looms ($187M). During the last 5 years the exports of Belgium to Turkey have increased at an annualized rate of 4.45%, from $4.07B in 2017 to $5.06B in 2022.

In 2017, Turkey exported $4.72B to Belgium. The main products exported from Turkey to Belgium were Delivery Trucks ($494M), Cars ($348M), and Coal Tar Oil ($223M). During the last 5 years the exports of Turkey to Belgium have increased at an annualized rate of 4.6%, from $3.29B in 2022 to $4.72B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Belgium included Iraq ($13.7B), Russia ($9.24B), and Romania ($7.88B).

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

Comparative Advantage Belgium - Turkey

Flow
Scale

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

During 2022, Belgium had a large net trade with Turkey in the exports of Chemical Products ($1.2B), Metals ($1.04B), and Plastics and Rubbers ($927M).

During 2017, Turkey had a large net trade with Belgium in the exports of Transportation ($1.13B), Mineral Products ($835M), and Textiles ($564M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Turkey+$178MRefined Petroleum
Top Product Potential Turkey Belgium+$164MCars

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 Turkey. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Belgium.

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

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