Iran (IRN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

About

Iran-Belgium Trade: In 2023, Iran exported $28M to Belgium. The main products that Iran exported to Belgium were Packaged Medicaments ($11.8M), Ferroalloys ($7.22M), and Unglazed Ceramics ($3.38M). Over the past 5 years the exports of Iran to Belgium have decreased at an annualized rate of 8.58%, from $43.9M in 2018 to $28M in 2023.

In 2023, Iran did not export any services to Belgium.

Belgium-Iran Trade: In 2023, Belgium exported $249M to Iran. The main products that Belgium exported to Iran were Looms ($65.1M), Orthopedic Appliances ($51.7M), and Raw Tobacco ($21.6M). Over the past 5 years the exports of Belgium to Iran have decreased at an annualized rate of 9.03%, from $400M in 2018 to $249M in 2023.

In 2003, Belgium exported services to Iran worth $7.58M, with Other business services ($2.53M), Transportation ($1.26M), and Government services, n.i.e. ($1.26M) being the largest in terms of value.

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $28M to Belgium. The main products exported from Iran to Belgium were Packaged Medicaments ($11.8M), Ferroalloys ($7.22M), and Unglazed Ceramics ($3.38M). During the last 5 years the exports of Iran to Belgium have decreased at an annualized rate of 8.58%, from $43.9M in 2018 to $28M in 2023.

In 2018, Belgium exported $249M to Iran. The main products exported from Belgium to Iran were Looms ($65.1M), Orthopedic Appliances ($51.7M), and Raw Tobacco ($21.6M). During the last 5 years the exports of Belgium to Iran have decreased at an annualized rate of 9.03%, from $400M in 2023 to $249M in 2018.

Exports from Iran () to Belgium () (2023)

Exports from Belgium () to Iran () (2023)

Latest Data

Trade between Iran () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Iran than Belgium included Armenia ($597M), Pakistan ($943M), and Azerbaijan ($473M).

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

Difference in imports from Belgium () and Iran () (2023)

Comparative Advantage Iran - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Belgium in the exports of Chemical Products ($11.8M), Metals ($7.24M), and Stone And Glass ($3.49M).

During 2018, Belgium had a large net trade with Iran in the exports of Machines ($95.5M), Instruments ($74.6M), and Chemical Products ($37.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Belgium+$5.29MEthylene Polymers

Top Product Potential Belgium Iran+$13.4MVaccines, 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Belgium () (2023)

Exports from Belgium () to Iran () (2023)

Latest Data

Trade between Iran () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Iran () (2023)

Comparative Advantage Iran - Belgium

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Iran () and Belgium () (2023)

Keep Exploring