2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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About

Finland-Belgium Trade: In 2022, Finland exported $2.94B to Belgium. The main products that Finland exported to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). Over the past 5 years the exports of Finland to Belgium have increased at an annualized rate of 6.79%, from $2.12B in 2017 to $2.94B in 2022.

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) being the largest in terms of value.

Belgium-Finland Trade: In 2022, Belgium exported $1.81B to Finland. The main products that Belgium exported to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). Over the past 5 years the exports of Belgium to Finland have increased at an annualized rate of 5.02%,  from $1.42B in 2017 to $1.81B in 2022.

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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
Value

In 2022, Finland exported $2.94B to Belgium. The main products exported from Finland to Belgium were Refined Petroleum ($624M), Coal Tar Oil ($262M), and Kaolin Coated Paper ($221M). During the last 5 years the exports of Finland to Belgium have increased at an annualized rate of 6.79%, from $2.12B in 2017 to $2.94B in 2022.

In 2017, Belgium exported $1.81B to Finland. The main products exported from Belgium to Finland were Cars ($171M), Ethylene Polymers ($92.1M), and Vaccines, blood, antisera, toxins and cultures ($78.1M). During the last 5 years the exports of Belgium to Finland have increased at an annualized rate of 5.02%, from $1.42B in 2022 to $1.81B in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Belgium (Flag)

Finland Exports

Belgium Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from Finland than Belgium included Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

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

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

Comparative Advantage Finland - Belgium

Flow
Scale

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

During 2022, Finland had a large net trade with Belgium in the exports of Mineral Products ($1.04B), Chemical Products ($517M), and Paper Goods ($436M).

During 2017, Belgium had a large net trade with Finland in the exports of Chemical Products ($387M), Machines ($290M), and Plastics and Rubbers ($235M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Belgium+$23.6MPackaged Medicaments
Top Product Potential Belgium Finland+$56MRefined 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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Bilateral Service Trade

In 2020, Finland exported services to Belgium worth $299M, with Computer and information services ($103M), Other business services ($95.9M), and Transportation ($67.4M) being the largest in terms of value.

In 2020, Belgium exported services to Finland worth $691M, with Other business services ($432M), Transportation ($130M), and Computer and information services ($68.5M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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