Estonia (EST) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Estonia-Belgium Trade: In 2023, Estonia exported $390M to Belgium. The main products that Estonia exported to Belgium were Refined Petroleum ($116M), Safety Glass ($65.7M), and Coal Tar Oil ($22.3M). Over the past 5 years the exports of Estonia to Belgium have increased at an annualized rate of 4.73%, from $310M in 2018 to $390M in 2023.

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

Belgium-Estonia Trade: In 2023, Belgium exported $334M to Estonia. The main products that Belgium exported to Estonia were Coated Flat-Rolled Iron ($34.4M), Packaged Medicaments ($32.6M), and Coal Tar Oil ($11.9M). Over the past 5 years the exports of Belgium to Estonia have increased at an annualized rate of 1.53%, from $309M in 2018 to $334M in 2023.

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

Comparison In 2023, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Estonia exported $390M to Belgium. The main products exported from Estonia to Belgium were Refined Petroleum ($116M), Safety Glass ($65.7M), and Coal Tar Oil ($22.3M). During the last 5 years the exports of Estonia to Belgium have increased at an annualized rate of 4.73%, from $310M in 2018 to $390M in 2023.

In 2018, Belgium exported $334M to Estonia. The main products exported from Belgium to Estonia were Coated Flat-Rolled Iron ($34.4M), Packaged Medicaments ($32.6M), and Coal Tar Oil ($11.9M). During the last 5 years the exports of Belgium to Estonia have increased at an annualized rate of 1.53%, from $309M in 2023 to $334M in 2018.

Exports from Estonia () to Belgium () (2023)

Exports from Belgium () to Estonia () (2023)

Latest Data

Trade between Estonia () and Belgium ()

Estonia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$2.71B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Estonia than Belgium included Latvia ($1.91B), Lithuania ($1.74B), and Finland ($2.71B).

In 2023, countries that imported more from Belgium than Estonia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium () and Estonia () (2023)

Comparative Advantage Estonia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Estonia had a large net trade with Belgium in the exports of Mineral Products ($144M), Stone And Glass ($67.5M), and Machines ($32.8M).

During 2018, Belgium had a large net trade with Estonia in the exports of Chemical Products ($63M), Machines ($62.1M), and Metals ($60.6M).

Bilateral Service Trade

Bel Year

Est Year

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Belgium () (2020)

Services Exports from Belgium () to Estonia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Estonia () to Belgium () (2023)

Exports from Belgium () to Estonia () (2023)

Latest Data

Trade between Estonia () and Belgium ()

Estonia Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Estonia () (2023)

Comparative Advantage Estonia - Belgium

Bilateral Service Trade

Services Exports from Estonia () to Belgium () (2020)

Services Exports from Belgium () to Estonia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Belgium () (2023)

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