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Pricing

2022
Flag → Flag
Exports $521MRnk 62 / 222
2022
Flag → Flag
Top Product $49.1MElectricity
2022
Flag → Flag
Exports $473MRnk 22 / 191
2022
Flag → Flag
Top Product $136MRapeseed
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Belgium-Ukraine Trade: In 2022, Belgium exported $521M to Ukraine. The main products that Belgium exported to Ukraine were Electricity ($49.1M), Tractors ($33M), and Pesticides ($31.9M). Over the past 5 years the exports of Belgium to Ukraine have decreased at an annualized rate of 0.47%, from $533M in 2017 to $521M in 2022.

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

Ukraine-Belgium Trade: In 2022, Ukraine exported $473M to Belgium. The main products that Ukraine exported to Belgium were Rapeseed ($136M), Electricity ($60.8M), and Corn ($57.4M). Over the past 5 years the exports of Ukraine to Belgium have increased at an annualized rate of 0.18%,  from $468M in 2017 to $473M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

April, 2024

About

Overview In April 2024, Belgium exported €47.8M and imported €33.1M from Ukraine, resulting in a positive trade balance of €14.7M. Between April 2023 and April 2024 the exports of Belgium have increased by €18.5M (63%) from €29.3M to €47.8M, while imports increased by €6.01M (22.2%) from €27.1M to €33.1M.

Trade In April 2024, the top exports of Belgium to Ukraine were Chemical products n.e.s. (€8.02M), Cars, tractors, trucks & parts thereof. (€7.29M), Machinery, mechanical appliances, & parts (€4.28M), Plastics & articles thereof (€2.56M), and Beverages, spirits, & vinegar (€2.09M). In April 2024 the top imports of Belgium from Ukraine were Oils seeds, oleaginous fruits, grains, straw... (€20.5M), Cereals (€10.5M), Furniture, bedding, lamps, & prefab buildings (€2.93M), Wood, wood articles, & charcoal (€2.75M), and Unclassified (€1.01M).

Growth In April 2024, the increase in Belgium's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Chemical products n.e.s. (€2.84M or 54.8%), Cars, tractors, trucks & parts thereof. (€1.87M or 34.5%), and Beverages, spirits, & vinegar (€817k or 64.3%). In April 2024, the increase in Belgium's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Oils seeds, oleaginous fruits, grains, straw... (€17.1M or 502%), Unclassified (€1.01M or 312k%), and Furniture, bedding, lamps, & prefab buildings (€843k or 40.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (April 2023 - April 2024)€18.5M(63%)
IMPORT GROWTH (April 2023 - April 2024)€6.01M(22.2%)

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

To check Ukraine and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $521M to Ukraine. The main products exported from Belgium to Ukraine were Electricity ($49.1M), Tractors ($33M), and Pesticides ($31.9M). During the last 5 years the exports of Belgium to Ukraine have decreased at an annualized rate of 0.47%, from $533M in 2017 to $521M in 2022.

In 2017, Ukraine exported $473M to Belgium. The main products exported from Ukraine to Belgium were Rapeseed ($136M), Electricity ($60.8M), and Corn ($57.4M). During the last 5 years the exports of Ukraine to Belgium have increased at an annualized rate of 0.18%, from $468M in 2022 to $473M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Ukraine
Top DestinationPoland$6.7B

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

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

In 2022, countries that imported more from Ukraine than Belgium included Romania ($3.94B), Moldova ($929M), and Bulgaria ($1.48B).

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

Comparative Advantage Belgium - Ukraine

Flow
Scale

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

During 2022, Belgium had a large net trade with Ukraine in the exports of Chemical Products ($125M), Transportation ($91.1M), and Mineral Products ($72.8M).

During 2017, Ukraine had a large net trade with Belgium in the exports of Vegetable Products ($205M), Mineral Products ($69.9M), and Wood Products ($43.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Ukraine+$31.7MRefined Petroleum
Top Product Potential Ukraine Belgium+$20.5MCorn

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

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

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

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