2022
Flag  
GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Saudi Arabia-Belgium Trade: In 2022, Saudi Arabia exported $1.46B to Belgium. The main products that Saudi Arabia exported to Belgium were Cyclic Hydrocarbons ($346M), Ethylene Polymers ($296M), and Refined Petroleum ($240M). Over the past 5 years the exports of Saudi Arabia to Belgium have decreased at an annualized rate of 6.37%, from $2.03B in 2017 to $1.46B in 2022.

In 2022, Saudi Arabia did not export any services to Belgium.

Belgium-Saudi Arabia Trade: In 2022, Belgium exported $2.15B to Saudi Arabia. The main products that Belgium exported to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($646M), Packaged Medicaments ($169M), and Other Frozen Vegetables ($119M). Over the past 5 years the exports of Belgium to Saudi Arabia have increased at an annualized rate of 10.1%,  from $1.21B in 2017 to $2.15B in 2022.

In 2022, Belgium did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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
Value

In 2022, Saudi Arabia exported $1.46B to Belgium. The main products exported from Saudi Arabia to Belgium were Cyclic Hydrocarbons ($346M), Ethylene Polymers ($296M), and Refined Petroleum ($240M). During the last 5 years the exports of Saudi Arabia to Belgium have decreased at an annualized rate of 6.37%, from $2.03B in 2017 to $1.46B in 2022.

In 2017, Belgium exported $2.15B to Saudi Arabia. The main products exported from Belgium to Saudi Arabia were Vaccines, blood, antisera, toxins and cultures ($646M), Packaged Medicaments ($169M), and Other Frozen Vegetables ($119M). During the last 5 years the exports of Belgium to Saudi Arabia have increased at an annualized rate of 10.1%, from $1.21B in 2022 to $2.15B in 2017.

Exports from Saudi Arabia (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Belgium (Flag)

Saudi Arabia Exports

Belgium Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$68B
Belgium
Top Destination
Germany$91.9B

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

In 2022, countries that imported more from Saudi Arabia than Belgium included China ($68B), India ($46.2B), and South Korea ($36B).

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

Difference in imports from Belgium (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Belgium

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Belgium in the exports of Chemical Products ($602M), Plastics and Rubbers ($553M), and Mineral Products ($255M).

During 2017, Belgium had a large net trade with Saudi Arabia in the exports of Chemical Products ($1.21B), Foodstuffs ($218M), and Machines ($195M).

Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and Belgium (Flag) (2022)

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