Iran-Belgium Trade: In 2022, Iran exported $20.2M to Belgium. The main products that Iran exported to Belgium were Ferroalloys ($5.11M), Unglazed Ceramics ($2.83M), and Ethylene Polymers ($1.81M). Over the past 5 years the exports of Iran to Belgium have decreased at an annualized rate of 30.7%, from $127M in 2017 to $20.2M in 2022.
In 2022, Iran did not export any services to Belgium.
Belgium-Iran Trade: In 2022, Belgium exported $229M to Iran. The main products that Belgium exported to Iran were Looms ($87M), Orthopedic Appliances ($34.8M), and Lifting Machinery ($17.4M). Over the past 5 years the exports of Belgium to Iran have decreased at an annualized rate of 16.9%, from $577M in 2017 to $229M in 2022.
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 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).