2023
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GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
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 GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC 
$23,401CURRENT US$
Rnk 53 / 195
2013-2023
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GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195
2023
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GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH
16.5%CURRENT US$
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About

Greece-Belgium Trade: In 2023, Greece exported $394M to Belgium. The main products that Greece exported to Belgium were Copper Pipes ($21.7M), Refined Petroleum ($21.4M), and Other Processed Vegetables ($19.7M). Over the past 5 years the exports of Greece to Belgium have increased at an annualized rate of 3.9%, from $326M in 2018 to $394M in 2023.

In 2020, Greece exported services to Belgium worth $388M, with Other business services ($129M), Travel ($105M), and Transportation ($79.5M) being the largest in terms of value.

Belgium-Greece Trade: In 2023, Belgium exported $2.22B to Greece. The main products that Belgium exported to Greece were Vaccines, blood, antisera, toxins and cultures ($188M), Packaged Medicaments ($147M), and Motor vehicles; parts and accessories (8701 to 8705) ($72.9M). Over the past 5 years the exports of Belgium to Greece have increased at an annualized rate of 2.45%,  from $1.97B in 2018 to $2.22B in 2023.

In 2020, Belgium exported services to Greece worth $279M, with Other business services ($138M), Transportation ($37.7M), and Insurance services ($34.3M) being the largest in terms of value.

Comparison: In 2023,  Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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
Value

In 2023, Greece exported $394M to Belgium. The main products exported from Greece to Belgium were Copper Pipes ($21.7M), Refined Petroleum ($21.4M), and Other Processed Vegetables ($19.7M). During the last 5 years the exports of Greece to Belgium have increased at an annualized rate of 3.9%, from $326M in 2018 to $394M in 2023.

In 2018, Belgium exported $2.22B to Greece. The main products exported from Belgium to Greece were Vaccines, blood, antisera, toxins and cultures ($188M), Packaged Medicaments ($147M), and Motor vehicles; parts and accessories (8701 to 8705) ($72.9M). During the last 5 years the exports of Belgium to Greece have increased at an annualized rate of 2.45%, from $1.97B in 2023 to $2.22B in 2018.

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

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

Latest Data

Trade between Greece (Flag) and Belgium (Flag)

Greece Exports

Belgium Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$6.21B
Belgium
Top Destination
France$85.6B

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

In 2023, countries that imported more from Greece than Belgium included Cyprus ($3.03B), Lebanon ($1.78B), and Libya ($1.71B).

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

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

Comparative Advantage Greece - Belgium

Flow
Scale

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

During 2023, Greece had a large net trade with Belgium in the exports of Metals ($85M), Foodstuffs ($73.7M), and Mineral Products ($49.3M).

During 2018, Belgium had a large net trade with Greece in the exports of Chemical Products ($582M), Machines ($247M), and Foodstuffs ($227M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Belgium+$78.4MRefined Petroleum
Top Product Potential Belgium Greece+$83.4MRefined 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, Greece exported services to Belgium worth $388M, with Other business services ($129M), Travel ($105M), and Transportation ($79.5M) being the largest in terms of value.

In 2020, Belgium exported services to Greece worth $279M, with Other business services ($138M), Transportation ($37.7M), and Insurance services ($34.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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