Moldova (MDA) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Moldova-Belgium Trade: In 2022, Moldova exported $19.4M to Belgium. The main products that Moldova exported to Belgium were Prefabricated Buildings ($4.31M), Other Iron Products ($3.84M), and Bi-Wheel Vehicle Parts ($3.29M). Over the past 5 years the exports of Moldova to Belgium have increased at an annualized rate of 9.08%, from $12.5M in 2017 to $19.4M in 2022.

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

Belgium-Moldova Trade: In 2022, Belgium exported $60.9M to Moldova. The main products that Belgium exported to Moldova were Cars ($5.89M), Tractors ($5.13M), and Pesticides ($4M). Over the past 5 years the exports of Belgium to Moldova have increased at an annualized rate of 5.88%, from $45.7M in 2017 to $60.9M in 2022.

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

Comparison: In 2022, Moldova ranked 65 in the Economic Complexity Index (ECI 0.0038), and 124 in total exports ($4.94B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Moldova exported $19.4M to Belgium. The main products exported from Moldova to Belgium were Prefabricated Buildings ($4.31M), Other Iron Products ($3.84M), and Bi-Wheel Vehicle Parts ($3.29M). During the last 5 years the exports of Moldova to Belgium have increased at an annualized rate of 9.08%, from $12.5M in 2017 to $19.4M in 2022.

In 2017, Belgium exported $60.9M to Moldova. The main products exported from Belgium to Moldova were Cars ($5.89M), Tractors ($5.13M), and Pesticides ($4M). During the last 5 years the exports of Belgium to Moldova have increased at an annualized rate of 5.88%, from $45.7M in 2022 to $60.9M in 2017.

Exports from Moldova () to Belgium () (2022)

Exports from Belgium () to Moldova () (2022)

Latest Data

Trade between Moldova () and Belgium ()

Moldova Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Moldova
Top DestinationRomania$1.35B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Moldova than Belgium included Ukraine ($729M) and Tuvalu ($264k).

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

Difference in imports from Belgium () and Moldova () (2022)

Comparative Advantage Moldova - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Moldova had a large net trade with Belgium in the exports of Metals ($4.86M), Miscellaneous ($4.6M), and Transportation ($3.99M).

During 2017, Belgium had a large net trade with Moldova in the exports of Transportation ($16.7M), Chemical Products ($11.1M), and Machines ($9.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Moldova Belgium+$2.53MSeed Oils

Top Product Potential Belgium Moldova+$6.1MCars

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 Moldova and Belgium. This means that a dot/product with the flag of Moldova indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Moldova.

About

Historical Data

Bilateral Trade by Products

Exports from Moldova () to Belgium () (2022)

Exports from Belgium () to Moldova () (2022)

Latest Data

Trade between Moldova () and Belgium ()

Moldova Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Moldova () (2022)

Comparative Advantage Moldova - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Moldova () and Belgium () (2022)

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