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

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Estonia-Belgium Trade: In 2022, Estonia exported $331M to Belgium. The main products that Estonia exported to Belgium were Refined Petroleum ($99M), Safety Glass ($51.6M), and Sawn Wood ($10.6M). Over the past 5 years the exports of Estonia to Belgium have increased at an annualized rate of 6.98%, from $236M in 2017 to $331M in 2022.

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 2022, Belgium exported $450M to Estonia. The main products that Belgium exported to Estonia were Apples and Pears ($33.1M), Coated Flat-Rolled Iron ($30.8M), and Coal Tar Oil ($23.5M). Over the past 5 years the exports of Belgium to Estonia have increased at an annualized rate of 7.78%, from $309M in 2017 to $450M in 2022.

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 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $331M to Belgium. The main products exported from Estonia to Belgium were Refined Petroleum ($99M), Safety Glass ($51.6M), and Sawn Wood ($10.6M). During the last 5 years the exports of Estonia to Belgium have increased at an annualized rate of 6.98%, from $236M in 2017 to $331M in 2022.

In 2017, Belgium exported $450M to Estonia. The main products exported from Belgium to Estonia were Apples and Pears ($33.1M), Coated Flat-Rolled Iron ($30.8M), and Coal Tar Oil ($23.5M). During the last 5 years the exports of Belgium to Estonia have increased at an annualized rate of 7.78%, from $309M in 2022 to $450M in 2017.

Exports from Estonia () to Belgium () (2022)

Exports from Belgium () to Estonia () (2022)

Latest Data

Trade between Estonia () and Belgium ()

Estonia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Belgium
Top DestinationGermany$91.9B

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 2022, countries that imported more from Estonia than Belgium included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Difference in imports from Belgium () and Estonia () (2022)

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 2022, Estonia had a large net trade with Belgium in the exports of Mineral Products ($107M), Stone And Glass ($53.4M), and Machines ($40.2M).

During 2017, Belgium had a large net trade with Estonia in the exports of Machines ($93.3M), Chemical Products ($63.5M), and Metals ($60.2M).

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 () (2022)

Exports from Belgium () to Estonia () (2022)

Latest Data

Trade between Estonia () and Belgium ()

Estonia Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Estonia () (2022)

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 () (2022)

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