Ukraine (UKR) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Ukraine-Belgium Trade: In 2023, Ukraine exported $383M to Belgium. The main products that Ukraine exported to Belgium were N/A. Over the past 5 years the exports of Ukraine to Belgium have decreased at an annualized rate of 8.51%, from $597M in 2018 to $383M in 2023.

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

Belgium-Ukraine Trade: In 2023, Belgium exported $658M to Ukraine. The main products that Belgium exported to Ukraine were Tractors ($57.4M), Electricity ($54.1M), and Pesticides ($47.4M). Over the past 5 years the exports of Belgium to Ukraine have increased at an annualized rate of 2.48%, from $582M in 2018 to $658M in 2023.

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

Comparison: In 2023, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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, Ukraine exported $383M to Belgium. There were not main exports from Ukraine to Belgium in 2023. During the last 5 years the exports of Ukraine to Belgium have decreased at an annualized rate of 8.51%, from $597M in 2018 to $383M in 2023.

In 2018, Belgium exported $658M to Ukraine. The main products exported from Belgium to Ukraine were Tractors ($57.4M), Electricity ($54.1M), and Pesticides ($47.4M). During the last 5 years the exports of Belgium to Ukraine have increased at an annualized rate of 2.48%, from $582M in 2023 to $658M in 2018.

Exports from Ukraine () to Belgium () (2023)

Exports from Belgium () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Belgium ()

Ukraine Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$4.83B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Ukraine than Belgium included Moldova ($1.13B), Romania ($3.56B), and Azerbaijan ($204M).

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

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

Comparative Advantage Ukraine - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ukraine had a large net trade with Belgium in the exports of N/A.

During 2018, Belgium had a large net trade with Ukraine in the exports of Chemical Products ($158M), Transportation ($146M), and Mineral Products ($88.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Belgium+$20.5MCorn

Top Product Potential Belgium Ukraine+$31.7MRefined 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Belgium () (2023)

Exports from Belgium () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Belgium ()

Ukraine Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Ukraine - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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