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2023
Flag → Flag
Exports $15.8BRnk 36 / 208
2023
Flag → Flag
Top Product $997MElectric Batteries
2023
Flag → Flag
Exports $7.32BRnk 10 / 220
2023
Flag → Flag
Top Product $1.2BDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

China-Belgium Trade: In 2023, China exported $15.8B to Belgium. The main products that China exported to Belgium were Electric Batteries ($997M), Cars ($977M), and Large Construction Vehicles ($575M). Over the past 5 years the exports of China to Belgium have increased at an annualized rate of 9.45%, from $10B in 2018 to $15.8B in 2023.

In 2023, China did not export any services to Belgium.

Belgium-China Trade: In 2023, Belgium exported $7.32B to China. The main products that Belgium exported to China were Diamonds ($1.2B), Packaged Medicaments ($811M), and Vaccines, blood, antisera, toxins and cultures ($733M). Over the past 5 years the exports of Belgium to China have increased at an annualized rate of 2.45%,  from $6.49B in 2018 to $7.32B in 2023.

In 2020, Belgium exported services to China worth $1.35B, with Other business services ($464M), Transportation ($460M), and Royalties and license fees ($172M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $3.1B and imported $475M from Belgium, resulting in a positive trade balance of $2.62B. Between December 2023 and December 2024 the exports of China have increased by $411M (15.3%) from $2.69B to $3.1B, while imports decreased by $-60.8M (-11.4%) from $536M to $475M.

Trade In December 2024, the top exports of China to Belgium were Cars ($700M), Commodities not elsewhere specified ($273M), Electric Batteries ($116M), Refined Petroleum ($78.3M), and Passenger and Cargo Ships ($62.3M). In December 2024 the top imports of China from Belgium were Vaccines, blood, antisera, toxins and cultures ($151M), Diamonds ($116M), Packaged Medicaments ($27.6M), Beauty Products ($18M), and Flax Fibers ($16.8M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($495M), Jiangsu Province ($448M), Shanghai Province ($427M), Zhejiang Province ($425M), and Shandong Province ($209M), while imports destinations were mainly Guangdong Province ($119M), Shanghai Province ($112M), Jiangsu Province ($55.8M), Beijing ($53.9M), and Zhejiang Province ($47.5M).

Growth In December 2024, the increase in China's year-by-year exports to Belgium was explained primarily by an increase in product exports in Commodities not elsewhere specified ($182M or 200%), Other Coloring Matter ($21.9M or 419%), and Telephones ($17.8M or 45.8%). In December 2024, the decrease in China's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Organo-Sulfur Compounds ($-9.35M or -71.3%), Packaged Medicaments ($-8.75M or -24%), and Machinery Having Individual Functions ($-8.66M or -91.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$411M(15.3%)
IMPORT GROWTH (December 2023 - December 2024)$-60.8M(-11.4%)
MAIN EXPORTER (December 2024)Guangdong Province$495M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Belgium and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $15.8B to Belgium. The main products exported from China to Belgium were Electric Batteries ($997M), Cars ($977M), and Large Construction Vehicles ($575M). During the last 5 years the exports of China to Belgium have increased at an annualized rate of 9.45%, from $10B in 2018 to $15.8B in 2023.

In 2018, Belgium exported $7.32B to China. The main products exported from Belgium to China were Diamonds ($1.2B), Packaged Medicaments ($811M), and Vaccines, blood, antisera, toxins and cultures ($733M). During the last 5 years the exports of Belgium to China have increased at an annualized rate of 2.45%, from $6.49B in 2023 to $7.32B in 2018.

Exports from China (Flag) to Belgium (Flag) (2023)

Exports from Belgium (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from China than Belgium included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Difference in imports from Belgium (Flag) and China (Flag) (2023)

Comparative Advantage China - Belgium

Flow
Scale

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

During 2023, China had a large net trade with Belgium in the exports of Machines ($6.02B), Chemical Products ($1.85B), and Transportation ($1.81B).

During 2018, Belgium had a large net trade with China in the exports of Chemical Products ($2.66B), Precious Metals ($1.29B), and Machines ($937M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Belgium+$410MTelephones
Top Product Potential Belgium China+$418MPackaged Medicaments

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 China worth $1.35B, with Other business services ($464M), Transportation ($460M), and Royalties and license fees ($172M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Belgium. This means that a dot/product with the flag of China indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over China.

Product Space of China (Flag) and Belgium (Flag) (2023)

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