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2022
Flag → Flag
Exports $1.67BRnk 28 / 216
2022
Flag → Flag
Top Product $260MTextile Footwear
2022
Flag → Flag
Exports $721MRnk 53 / 222
2022
Flag → Flag
Top Product $102MConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Indonesia-Belgium Trade: In 2022, Indonesia exported $1.67B to Belgium. The main products that Indonesia exported to Belgium were Textile Footwear ($260M), Rubber ($124M), and Hot-Rolled Iron ($102M). Over the past 5 years the exports of Indonesia to Belgium have increased at an annualized rate of 11.3%, from $981M in 2017 to $1.67B in 2022.

In 2022, Indonesia did not export any services to Belgium.

Belgium-Indonesia Trade: In 2022, Belgium exported $721M to Indonesia. The main products that Belgium exported to Indonesia were Concentrated Milk ($102M), Nonaqueous Paints ($46.9M), and Vaccines, blood, antisera, toxins and cultures ($45M). Over the past 5 years the exports of Belgium to Indonesia have increased at an annualized rate of 3.34%,  from $592M in 2017 to $721M in 2022.

In 2020, Belgium exported services to Indonesia worth $61.7M, with Other business services ($29.7M), Communications services ($10.3M), and Transportation ($6.85M) being the largest in terms of value.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). 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, Indonesia exported $1.67B to Belgium. The main products exported from Indonesia to Belgium were Textile Footwear ($260M), Rubber ($124M), and Hot-Rolled Iron ($102M). During the last 5 years the exports of Indonesia to Belgium have increased at an annualized rate of 11.3%, from $981M in 2017 to $1.67B in 2022.

In 2017, Belgium exported $721M to Indonesia. The main products exported from Belgium to Indonesia were Concentrated Milk ($102M), Nonaqueous Paints ($46.9M), and Vaccines, blood, antisera, toxins and cultures ($45M). During the last 5 years the exports of Belgium to Indonesia have increased at an annualized rate of 3.34%, from $592M in 2022 to $721M in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Belgium (Flag)

Indonesia Exports

Belgium Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Indonesia than Belgium included China ($67.7B), Japan ($26.6B), and India ($25.3B).

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

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

Comparative Advantage Indonesia - Belgium

Flow
Scale

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

During 2022, Indonesia had a large net trade with Belgium in the exports of Footwear and Headwear ($383M), Metals ($261M), and Plastics and Rubbers ($145M).

During 2017, Belgium had a large net trade with Indonesia in the exports of Chemical Products ($234M), Animal Products ($118M), and Transportation ($97.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Belgium+$79.8MPetroleum Gas
Top Product Potential Belgium Indonesia+$36.5MVaccines, blood, antisera, toxins and cultures

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, Belgium exported services to Indonesia worth $61.7M, with Other business services ($29.7M), Communications services ($10.3M), and Transportation ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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