United States (USA) and Belgium (BEL) Trade

2022

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Exports $30.7BRnk 15 / 219

2022

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About

United States-Belgium Trade: In 2022, United States exported $30.7B to Belgium. The main products that United States exported to Belgium were Packaged Medicaments ($2B), Petroleum Gas ($1.93B), and Vaccines, blood, antisera, toxins and cultures ($1.9B). Over the past 5 years the exports of United States to Belgium have increased at an annualized rate of 2.96%, from $26.5B in 2017 to $30.7B in 2022.

In 2017, United States exported services to Belgium worth $5.78B, with Other business services ($2.23B), Royalties and license fees ($887M), and Travel ($743M) being the largest in terms of value.

Belgium-United States Trade: In 2022, Belgium exported $29B to United States. The main products that Belgium exported to United States were Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). Over the past 5 years the exports of Belgium to United States have increased at an annualized rate of 13.3%, from $15.5B in 2017 to $29B in 2022.

In 2020, Belgium exported services to United States worth $12.1B, with Other business services ($8.74B), Transportation ($918M), and Financial services ($694M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Company data: In 2023, leading companies such as Volvo (2.59k), John Deere (1.86k), and Marelli Automotive Lighting (1.72k) were at the forefront of exporting goods from Belgium to the United States. Conversely, Other (3.23k), Unknown (2.39k), and Volvo Logistics Corporation (698) were notable for importing products to Belgium from the United States.

Latest Trends

September, 2024

About

Overview In September 2024, United States exported $2.86B and imported $2.55B from Belgium, resulting in a positive trade balance of $309M. Between September 2023 and September 2024 the exports of United States have increased by $124M (4.54%) from $2.73B to $2.86B, while imports increased by $878M (52.5%) from $1.67B to $2.55B.

Trade In September 2024, the top exports of United States to Belgium were Vaccines, blood, antisera, toxins and cultures ($969M), Diamonds ($179M), Medical Instruments ($176M), Ethylene Polymers ($130M), and Refined Petroleum ($123M). In September 2024 the top imports of United States from Belgium were Vaccines, blood, antisera, toxins and cultures ($606M), Diamonds ($177M), Cars ($137M), Refined Petroleum ($123M), and Packaged Medicaments ($106M).

Origins In September 2024 the exports of United States were mainly from Texas ($516M), Louisiana ($247M), California ($197M), New York ($187M), and South Carolina ($169M), while imports destinations were mainly Kentucky ($504M), Georgia ($487M), Pennsylvania ($310M), Tennessee ($208M), and New York ($179M).

Growth In September 2024, the increase in United States's year-by-year exports to Belgium was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures ($771M or 391%), Orthopedic Appliances ($55.4M or 111%), and Aircraft Parts ($51.1M or 1.06k%). In September 2024, the increase in United States's year-by-year imports from Belgium was explained primarily by an increase in product imports in Refined Petroleum ($110M or 801%), Cars ($78.6M or 136%), and Diamonds ($72.1M or 68.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (September 2023 - September 2024)$124M(4.54%)

IMPORT GROWTH (September 2023 - September 2024)$878M(52.5%)

MAIN EXPORTER (September 2024)Texas$516M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Belgium and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $30.7B to Belgium. The main products exported from United States to Belgium were Packaged Medicaments ($2B), Petroleum Gas ($1.93B), and Vaccines, blood, antisera, toxins and cultures ($1.9B). During the last 5 years the exports of United States to Belgium have increased at an annualized rate of 2.96%, from $26.5B in 2017 to $30.7B in 2022.

In 2017, Belgium exported $29B to United States. The main products exported from Belgium to United States were Vaccines, blood, antisera, toxins and cultures ($9.38B), Packaged Medicaments ($5.23B), and Cars ($1.92B). During the last 5 years the exports of Belgium to United States have increased at an annualized rate of 13.3%, from $15.5B in 2022 to $29B in 2017.

Exports from United States () to Belgium () (2022)

Exports from Belgium () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from United States than Belgium included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Belgium than United States included France ($71.1B), Germany ($91.9B), and Luxembourg ($7.67B).

Difference in imports from Belgium () and United States () (2022)

Comparative Advantage United States - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Belgium in the exports of Chemical Products ($10.5B), Mineral Products ($4.05B), and Plastics and Rubbers ($3.79B).

During 2017, Belgium had a large net trade with United States in the exports of Chemical Products ($17.3B), Precious Metals ($2.75B), and Machines ($2.43B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Belgium+$592MRefined Petroleum

Top Product Potential Belgium United States+$1.07BCars

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

Bel Year

Usa Year

In 2017, United States exported services to Belgium worth $5.78B, with Other business services ($2.23B), Royalties and license fees ($887M), and Travel ($743M) being the largest in terms of value.

In 2020, Belgium exported services to United States worth $12.1B, with Other business services ($8.74B), Transportation ($918M), and Financial services ($694M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Belgium () (2017)

Services Exports from Belgium () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Belgium () (2022)

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