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2023
Flag → Flag
Exports $22.6BRnk 5 / 220
2023
Flag → Flag
Top Product $5.13BVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $28.6BRnk 17 / 220
2023
Flag → Flag
Top Product $6.91BVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Belgium-United States Trade: In 2023, Belgium exported $22.6B to United States. The main products that Belgium exported to United States were Vaccines, blood, antisera, toxins and cultures ($5.13B), Cars ($2.44B), and Packaged Medicaments ($2.02B). Over the past 5 years the exports of Belgium to United States have increased at an annualized rate of 5.66%, from $17.2B in 2018 to $22.6B in 2023.

In 2020, Belgium exported services to United States worth $12.1B, with Other business services ($8.74B), Transportation ($918M), and Financial services ($694M) being the largest in terms of value.

United States-Belgium Trade: In 2023, United States exported $28.6B to Belgium. The main products that United States exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($6.91B), Packaged Medicaments ($3.47B), and Petroleum Gas ($1.7B). Over the past 5 years the exports of United States to Belgium have increased at an annualized rate of 8.32%,  from $19.2B in 2018 to $28.6B in 2023.

In 2017, United States exported services to Belgium worth $5.78B, with Other business services ($2.23B), Royalties and license fees ($887M), and Travel ($743M) being the largest in terms of value.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €2.68B and imported €1.61B from United States, resulting in a positive trade balance of €1.06B. Between October 2023 and October 2024 the exports of Belgium have decreased by €-138M (-4.9%) from €2.82B to €2.68B, while imports decreased by €-479M (-22.9%) from €2.09B to €1.61B.

Trade In October 2024, the top exports of Belgium to United States were Pharmaceutical products (€892M), Cars, tractors, trucks & parts thereof. (€183M), Machinery, mechanical appliances, & parts (€173M), Precious stones, metals, & pearls (€141M), and Organic chemicals (€63.4M). In October 2024 the top imports of Belgium from United States were Pharmaceutical products (€1.24B), Mineral fuels, mineral oils and products... (€292M), Organic chemicals (€204M), Optical, photo, & film equipment; medical... (€136M), and Plastics & articles thereof (€119M).

Growth In October 2024, the decrease in Belgium's year-by-year exports to United States was explained primarily by an decrease in product exports in Organic chemicals (€-167M or -72.5%), Plastics & articles thereof (€-45M or -58.3%), and Mineral fuels, mineral oils and products... (€-18.2M or -22.8%). In October 2024, the decrease in Belgium's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Organic chemicals (€-56.3M or -21.7%), Precious stones, metals, & pearls (€-39M or -61.4%), and Plastics & articles thereof (€-11.4M or -8.74%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-138M(-4.9%)
IMPORT GROWTH (October 2023 - October 2024)€-479M(-22.9%)

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 United States and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $22.6B to United States. The main products exported from Belgium to United States were Vaccines, blood, antisera, toxins and cultures ($5.13B), Cars ($2.44B), and Packaged Medicaments ($2.02B). During the last 5 years the exports of Belgium to United States have increased at an annualized rate of 5.66%, from $17.2B in 2018 to $22.6B in 2023.

In 2018, United States exported $28.6B to Belgium. The main products exported from United States to Belgium were Vaccines, blood, antisera, toxins and cultures ($6.91B), Packaged Medicaments ($3.47B), and Petroleum Gas ($1.7B). During the last 5 years the exports of United States to Belgium have increased at an annualized rate of 8.32%, from $19.2B in 2023 to $28.6B in 2018.

Exports from Belgium (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Belgium than United States included France ($85.6B), Luxembourg ($6.65B), and Netherlands ($67.3B).

In 2023, countries that imported more from United States than Belgium included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - United States

Flow
Scale

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

During 2023, Belgium had a large net trade with United States in the exports of Chemical Products ($9.21B), Precious Metals ($2.94B), and Transportation ($2.64B).

During 2018, United States had a large net trade with Belgium in the exports of Chemical Products ($15.4B), Mineral Products ($3.31B), and Machines ($2.78B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium United States+$1.07BCars
Top Product Potential United States Belgium+$592MRefined Petroleum

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

Product Space of Belgium (Flag) and United States (Flag) (2023)

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