United States (USA) and Belgium (BEL) Trade

United States-Belgium Trade: In 2023, United States exported $28.6B to Belgium. The main products that United States exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($6.91B), Packaged Medicaments ($3.47B), and Petroleum Gas ($1.7B). Over the past 5 years the exports of United States to Belgium have increased at an annualized rate of 8.32%, from $19.2B in 2018 to $28.6B in 2023.

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 2023, Belgium exported $22.6B to United States. The main products that Belgium exported to United States were Vaccines, blood, antisera, toxins and cultures ($5.13B), Cars ($2.44B), and Packaged Medicaments ($2.02B). Over the past 5 years the exports of Belgium to United States have increased at an annualized rate of 5.66%, from $17.2B in 2018 to $22.6B in 2023.

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 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

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

November, 2024

About

Overview In November 2024, United States exported $2.69B and imported $2.18B from Belgium, resulting in a positive trade balance of $509M. Between November 2023 and November 2024 the exports of United States have decreased by $-68.2M (-2.48%) from $2.76B to $2.69B, while imports decreased by $-270M (-11%) from $2.45B to $2.18B.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from Texas ($376M), Louisiana ($201M), Kentucky ($191M), California ($178M), and New York ($177M), while imports destinations were mainly Pennsylvania ($514M), Kentucky ($319M), Georgia ($261M), New York ($215M), and North Carolina ($137M).

Growth In November 2024, the decrease in United States's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Acyclic Hydrocarbons ($-90.1M or -75.5%), Diamonds ($-36.2M or -16.8%), and Nucleic Acids ($-19.6M or -72.1%). In November 2024, the decrease in United States's year-by-year imports from Belgium was explained primarily by an decrease in product imports in Packaged Medicaments ($-36.5M or -25.5%), Unpackaged Medicaments ($-28.4M or -95.4%), and Platinum ($-20.3M or -23.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$-68.2M(-2.48%)

IMPORT GROWTH (November 2023 - November 2024)$-270M(-11%)

MAIN EXPORTER (November 2024)Texas$376M

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 2023, United States exported $28.6B to Belgium. The main products exported from United States to Belgium were Vaccines, blood, antisera, toxins and cultures ($6.91B), Packaged Medicaments ($3.47B), and Petroleum Gas ($1.7B). During the last 5 years the exports of United States to Belgium have increased at an annualized rate of 8.32%, from $19.2B in 2018 to $28.6B in 2023.

In 2018, Belgium exported $22.6B to United States. The main products exported from Belgium to United States were Vaccines, blood, antisera, toxins and cultures ($5.13B), Cars ($2.44B), and Packaged Medicaments ($2.02B). During the last 5 years the exports of Belgium to United States have increased at an annualized rate of 5.66%, from $17.2B in 2023 to $22.6B in 2018.

Exports from United States () to Belgium () (2023)

Exports from Belgium () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Belgium
Top DestinationFrance$85.6B

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 2023, countries that imported more from United States than Belgium included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Belgium than United States included France ($85.6B), Luxembourg ($6.65B), and Netherlands ($67.3B).

Difference in imports from Belgium () and United States () (2023)

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 2023, United States had a large net trade with Belgium in the exports of Chemical Products ($15.4B), Mineral Products ($3.31B), and Machines ($2.78B).

During 2018, Belgium had a large net trade with United States in the exports of Chemical Products ($9.21B), Precious Metals ($2.94B), and Transportation ($2.64B).

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 () (2023)

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