2022
Flag  
GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
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About

Greece-Belgium Trade: In 2022, Greece exported $646M to Belgium. The main products that Greece exported to Belgium were Refined Petroleum ($53M), Petroleum Coke ($49.9M), and Copper Pipes ($42.2M). Over the past 5 years the exports of Greece to Belgium have increased at an annualized rate of 9.05%, from $419M in 2017 to $646M in 2022.

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 2022, Belgium exported $2.21B to Greece. The main products that Belgium exported to Greece were Vaccines, blood, antisera, toxins and cultures ($235M), Packaged Medicaments ($208M), and Refined Petroleum ($109M). Over the past 5 years the exports of Belgium to Greece have increased at an annualized rate of 2.09%,  from $1.72B in 2017 to $2.21B in 2022.

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 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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, Greece exported $646M to Belgium. The main products exported from Greece to Belgium were Refined Petroleum ($53M), Petroleum Coke ($49.9M), and Copper Pipes ($42.2M). During the last 5 years the exports of Greece to Belgium have increased at an annualized rate of 9.05%, from $419M in 2017 to $646M in 2022.

In 2017, Belgium exported $2.21B to Greece. The main products exported from Belgium to Greece were Vaccines, blood, antisera, toxins and cultures ($235M), Packaged Medicaments ($208M), and Refined Petroleum ($109M). During the last 5 years the exports of Belgium to Greece have increased at an annualized rate of 2.09%, from $1.72B in 2022 to $2.21B in 2017.

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

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

Latest Data

Trade between Greece (Flag) and Belgium (Flag)

Greece Exports

Belgium Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Belgium
Top Destination
Germany$91.9B

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 2022, countries that imported more from Greece than Belgium included Cyprus ($2.92B), Bulgaria ($3.62B), and North Macedonia ($1.7B).

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

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

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 2022, Greece had a large net trade with Belgium in the exports of Metals ($142M), Mineral Products ($124M), and Foodstuffs ($115M).

During 2017, Belgium had a large net trade with Greece in the exports of Chemical Products ($714M), Machines ($185M), and Foodstuffs ($182M).

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) (2022)

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