Singapore / Belgium

Singapore-Belgium Trade: In 2022, Singapore exported $4.49B to Belgium. The main products that Singapore exported to Belgium were Nitrogen Heterocyclic Compounds ($1.05B), Oxygen Amino Compounds ($785M), and Glass Working Machines ($651M). Over the past 5 years the exports of Singapore to Belgium have increased at an annualized rate of 2.59%, from $3.96B in 2017 to $4.49B in 2022.

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

Belgium-Singapore Trade: In 2022, Belgium exported $1.68B to Singapore. The main products that Belgium exported to Singapore were Diamonds ($290M), Non-Iron and Steel Slag, Ash and Residues ($276M), and Vaccines, blood, antisera, toxins and cultures ($180M). Over the past 5 years the exports of Belgium to Singapore have increased at an annualized rate of 7.33%,  from $1.18B in 2017 to $1.68B in 2022.

In 2020, Belgium exported services to Singapore worth $1.54B, with Transportation ($668M), Other business services ($661M), and Royalties and license fees ($86.8M) being the largest in terms of value.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).