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2022
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Exports $521MRnk 62 / 222
2022
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Top Product $49.1MElectricity
2022
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Exports $473MRnk 22 / 191
2022
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Top Product $136MRapeseed
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
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GDP$579BCURRENT US$
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2012-2022
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GDP GROWTH16.6%CURRENT US$
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2022
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 GDP$161BCURRENT US$
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2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
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GDP PC $49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$4,534CURRENT US$
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2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Belgium-Ukraine In 2022, Belgium exported $521M to Ukraine. The main products that Belgium exported to Ukraine are Electricity ($49.1M), Tractors ($33M), and Pesticides ($31.9M). During the last 23 years the exports of Belgium to Ukraine have increased at an annualized rate of 4.95%, from $171M in 1999 to $521M in 2022.

In 2022, Belgium did not export any services to Ukraine.

Ukraine-Belgium In 2022, Ukraine exported $473M to Belgium. The main products that Ukraine exported to Belgium were Rapeseed ($136M), Electricity ($60.8M), and Corn ($57.4M). During the last 23 years the exports of Ukraine to Belgium have increased at an annualized rate of 3.82%, from $199M in 1999 to $473M in 2022.

In 2022, Ukraine did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

January, 2024

About

Overview In January 2024, Belgium exported €43.6M and imported €59.6M from Ukraine, resulting in a negative trade balance of €16M. Between January 2023 and January 2024 the exports of Belgium have increased by €5.07M (13.2%) from €38.5M to €43.6M, while imports increased by €17.2M (40.7%) from €42.3M to €59.6M.

Trade In January 2024, the top exports of Belgium to Ukraine were Chemical products n.e.s. (€8.02M), Cars, tractors, trucks & parts thereof. (€7.29M), Machinery, mechanical appliances, & parts (€4.28M), Plastics & articles thereof (€2.56M), and Beverages, spirits, & vinegar (€2.09M). In January 2024 the top imports of Belgium from Ukraine were Oils seeds, oleaginous fruits, grains, straw... (€20.5M), Cereals (€10.5M), Furniture, bedding, lamps, & prefab buildings (€2.93M), Wood, wood articles, & charcoal (€2.75M), and Unclassified (€1.01M).

Growth In January 2024, the increase in Belgium's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Chemical products n.e.s. (€2.84M or 54.8%), Cars, tractors, trucks & parts thereof. (€1.87M or 34.5%), and Beverages, spirits, & vinegar (€817k or 64.3%). In January 2024, the increase in Belgium's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€17.1M or 502%), Unclassified (€1.01M or 312k%), and Furniture, bedding, lamps, & prefab buildings (€843k or 40.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€5.07M(13.2%)
IMPORT GROWTH (January 2023 - January 2024)€17.2M(40.7%)

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 Ukraine and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $521M to Ukraine. The main products exported from Belgium to Ukraine were Electricity ($49.1M), Tractors ($33M), and Pesticides ($31.9M). During the last 23 years the exports of Belgium to Ukraine have increased at an annualized rate of 4.95%, from $171M in 1999 to $521M in 2022.

In 2022, Ukraine exported $473M to Belgium. The main products exported from Ukraine to Belgium were Rapeseed ($136M), Electricity ($60.8M), and Corn ($57.4M). During the last 23 years the exports of Ukraine to Belgium have increased at an annualized rate of 3.82%, from $199M in 1999 to $473M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Ukraine
Top DestinationPoland$6.7B

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

In 2021, countries that imported more from Belgium than Ukraine were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Ukraine than Belgium were Romania ($3.94B), Moldova ($929M), and Bulgaria ($1.48B).

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

Comparative Advantage Belgium - Ukraine

Flow
Scale

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

During 2022, Belgium had a large net trade with Ukraine in the exports of Chemical Products ($125M), Transportation ($91.1M), and Mineral Products ($72.8M).

During 2022, Ukraine had a large net trade with Belgium in the exports of Vegetable Products ($205M), Mineral Products ($69.9M), and Wood Products ($43.7M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Ukraine. Similarly, the more yellow a dot/product is, the more Ukraine has comparative advantage over Belgium.

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

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