Kazakhstan (KAZ) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Kazakhstan-Belgium Trade: In 2023, Kazakhstan exported $250M to Belgium. The main products that Kazakhstan exported to Belgium were Linseed ($87.7M), Chromium Oxides and Hydroxides ($41.3M), and Molybdenum Ore ($38.6M). Over the past 5 years the exports of Kazakhstan to Belgium have decreased at an annualized rate of 1.89%, from $275M in 2018 to $250M in 2023.

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

Belgium-Kazakhstan Trade: In 2023, Belgium exported $346M to Kazakhstan. The main products that Belgium exported to Kazakhstan were Tractors ($53.2M), Refined Petroleum ($39.9M), and Packaged Medicaments ($19.9M). Over the past 5 years the exports of Belgium to Kazakhstan have increased at an annualized rate of 6.92%, from $190M in 2018 to $346M in 2023.

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

Comparison: In 2023, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). 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, Kazakhstan exported $250M to Belgium. The main products exported from Kazakhstan to Belgium were Linseed ($87.7M), Chromium Oxides and Hydroxides ($41.3M), and Molybdenum Ore ($38.6M). During the last 5 years the exports of Kazakhstan to Belgium have decreased at an annualized rate of 1.89%, from $275M in 2018 to $250M in 2023.

In 2018, Belgium exported $346M to Kazakhstan. The main products exported from Belgium to Kazakhstan were Tractors ($53.2M), Refined Petroleum ($39.9M), and Packaged Medicaments ($19.9M). During the last 5 years the exports of Belgium to Kazakhstan have increased at an annualized rate of 6.92%, from $190M in 2023 to $346M in 2018.

Exports from Kazakhstan () to Belgium () (2023)

Exports from Belgium () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Belgium ()

Kazakhstan Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$15.2B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Kazakhstan than Belgium included China ($15.2B), Russia ($9.78B), and Uzbekistan ($3.04B).

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

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

Comparative Advantage Kazakhstan - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kazakhstan had a large net trade with Belgium in the exports of Vegetable Products ($92.8M), Mineral Products ($46.6M), and Metals ($42.1M).

During 2018, Belgium had a large net trade with Kazakhstan in the exports of Chemical Products ($91.7M), Machines ($69.4M), and Transportation ($66M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Belgium+$8.5MCoal Briquettes

Top Product Potential Belgium Kazakhstan+$30.9MPackaged Medicaments

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Belgium () (2023)

Exports from Belgium () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Belgium ()

Kazakhstan Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Kazakhstan - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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