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2022
Flag → Flag
Exports $4.72BRnk 15 / 219
2022
Flag → Flag
Top Product $494MDelivery Trucks
2022
Flag → Flag
Exports $5.06BRnk 15 / 222
2022
Flag → Flag
Top Product $621MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Turkey-Belgium Trade: In 2022, Turkey exported $4.72B to Belgium. The main products that Turkey exported to Belgium were Delivery Trucks ($494M), Cars ($348M), and Coal Tar Oil ($223M). Over the past 5 years the exports of Turkey to Belgium have increased at an annualized rate of 7.45%, from $3.29B in 2017 to $4.72B in 2022.

In 2009, Turkey exported services to Belgium worth $351M, with Travel ($345M), Other business services ($5.16M), and Insurance services ($1.03M) being the largest in terms of value.

Belgium-Turkey Trade: In 2022, Belgium exported $5.06B to Turkey. The main products that Belgium exported to Turkey were Scrap Iron ($621M), Packaged Medicaments ($189M), and Looms ($187M). Over the past 5 years the exports of Belgium to Turkey have increased at an annualized rate of 4.45%,  from $4.07B in 2017 to $5.06B in 2022.

In 2020, Belgium exported services to Turkey worth $340M, with Other business services ($137M), Transportation ($135M), and Communications services ($18.3M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $4.72B to Belgium. The main products exported from Turkey to Belgium were Delivery Trucks ($494M), Cars ($348M), and Coal Tar Oil ($223M). During the last 5 years the exports of Turkey to Belgium have increased at an annualized rate of 7.45%, from $3.29B in 2017 to $4.72B in 2022.

In 2017, Belgium exported $5.06B to Turkey. The main products exported from Belgium to Turkey were Scrap Iron ($621M), Packaged Medicaments ($189M), and Looms ($187M). During the last 5 years the exports of Belgium to Turkey have increased at an annualized rate of 4.45%, from $4.07B in 2022 to $5.06B in 2017.

Exports from Turkey (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Turkey (Flag) (2022)

Latest Data

Trade between Turkey (Flag) and Belgium (Flag)

Turkey Exports

Belgium Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Turkey than Belgium included Iraq ($13.7B), Russia ($9.24B), and Romania ($7.88B).

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

Difference in imports from Belgium (Flag) and Turkey (Flag) (2022)

Comparative Advantage Turkey - Belgium

Flow
Scale

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

During 2022, Turkey had a large net trade with Belgium in the exports of Transportation ($1.13B), Mineral Products ($835M), and Textiles ($564M).

During 2017, Belgium had a large net trade with Turkey in the exports of Chemical Products ($1.2B), Metals ($1.04B), and Plastics and Rubbers ($927M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Belgium+$164MCars
Top Product Potential Belgium Turkey+$178MRefined Petroleum

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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Bilateral Service Trade

Tur Year

In 2009, Turkey exported services to Belgium worth $351M, with Travel ($345M), Other business services ($5.16M), and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Belgium exported services to Turkey worth $340M, with Other business services ($137M), Transportation ($135M), and Communications services ($18.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to Belgium (Flag) (2009)

Services Exports from Belgium (Flag) to Turkey (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Turkey (Flag) and Belgium (Flag) (2022)

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