Italy / Belgium

Italy-Belgium Trade: In 2023, Italy exported $17.8B to Belgium. The main products that Italy exported to Belgium were Packaged Medicaments ($5.9B), Cars ($757M), and Vaccines, blood, antisera, toxins and cultures ($655M). Over the past 5 years the exports of Italy to Belgium have increased at an annualized rate of 4.69%, from $14.2B in 2018 to $17.8B in 2023.

In 2020, Italy exported services to Belgium worth $2.19B, with Other business services ($1.21B), Travel ($640M), and Computer and information services ($140M) being the largest in terms of value.

Belgium-Italy Trade: In 2023, Belgium exported $27.7B to Italy. The main products that Belgium exported to Italy were Packaged Medicaments ($3.79B), Vaccines, blood, antisera, toxins and cultures ($2.13B), and Cars ($1.36B). Over the past 5 years the exports of Belgium to Italy have increased at an annualized rate of 5.07%,  from $21.6B in 2018 to $27.7B in 2023.

In 2020, Belgium exported services to Italy worth $2.83B, with Other business services ($1.04B), Transportation ($716M), and Computer and information services ($545M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).