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2022
Flag → Flag
Exports $3.91BRnk 18 / 222
2022
Flag → Flag
Top Product $284MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $5.19BRnk 12 / 205
2022
Flag → Flag
Top Product $1.15BCars
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.55Rnk 7 / 133
2022
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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$291BCURRENT US$
Rnk 46 / 186
2012-2022
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GDP GROWTH39.3%CURRENT US$
Rnk 83 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$27,638CURRENT US$
Rnk 42 / 186
2012-2022
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GDP PC GROWTH39.1%CURRENT US$
Rnk 51 / 186

About

Belgium-Czechia Trade: In 2022, Belgium exported $3.91B to Czechia. The main products that Belgium exported to Czechia were Vaccines, blood, antisera, toxins and cultures ($284M), Cars ($241M), and Beauty Products ($150M). Over the past 5 years the exports of Belgium to Czechia have increased at an annualized rate of 8.22%, from $2.63B in 2017 to $3.91B in 2022.

In 2020, Belgium exported services to Czechia worth $686M, with Other business services ($305M), Computer and information services ($155M), and Transportation ($97.1M) being the largest in terms of value.

Czechia-Belgium Trade: In 2022, Czechia exported $5.19B to Belgium. The main products that Czechia exported to Belgium were Cars ($1.15B), Motor vehicles; parts and accessories (8701 to 8705) ($322M), and Air Conditioners ($253M). Over the past 5 years the exports of Czechia to Belgium have increased at an annualized rate of 4.55%,  from $4.15B in 2017 to $5.19B in 2022.

In 2019, Czechia exported services to Belgium worth $726M, with Transportation ($316M), Other business services ($276M), and Travel ($59.3M) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Latest Trends

May, 2024

About

Overview In May 2024, Belgium exported €321M and imported €338M from Czechia, resulting in a negative trade balance of €16.9M. Between May 2023 and May 2024 the exports of Belgium have increased by €28.4M (9.71%) from €293M to €321M, while imports decreased by €-54.5M (-13.9%) from €393M to €338M.

Trade In May 2024, the top exports of Belgium to Czechia were Plastics & articles thereof (€41.1M), Cars, tractors, trucks & parts thereof. (€40.3M), Pharmaceutical products (€38.9M), Machinery, mechanical appliances, & parts (€25.9M), and Electrical machinery and electronics (€17.6M). In May 2024 the top imports of Belgium from Czechia were Cars, tractors, trucks & parts thereof. (€128M), Machinery, mechanical appliances, & parts (€78.8M), Electrical machinery and electronics (€25.8M), Perfumery & cosmetics (€15.8M), and Iron or steel articles (€14.6M).

Growth In May 2024, the increase in Belgium's year-by-year exports to Czechia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€10.8M or 71.9%), Plastics & articles thereof (€8.02M or 24.3%), and Rubber & articles thereof (€6.03M or 136%). In May 2024, the decrease in Belgium's year-by-year imports  from Czechia was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-695k or -82.4%), Furniture, bedding, lamps, & prefab buildings (€-595k or -7.44%), and Inorganic chemicals (€-547k or -55.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)€28.4M(9.71%)
IMPORT GROWTH (May 2023 - May 2024)€-54.5M(-13.9%)

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 Czechia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Czechia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.91B to Czechia. The main products exported from Belgium to Czechia were Vaccines, blood, antisera, toxins and cultures ($284M), Cars ($241M), and Beauty Products ($150M). During the last 5 years the exports of Belgium to Czechia have increased at an annualized rate of 8.22%, from $2.63B in 2017 to $3.91B in 2022.

In 2017, Czechia exported $5.19B to Belgium. The main products exported from Czechia to Belgium were Cars ($1.15B), Motor vehicles; parts and accessories (8701 to 8705) ($322M), and Air Conditioners ($253M). During the last 5 years the exports of Czechia to Belgium have increased at an annualized rate of 4.55%, from $4.15B in 2022 to $5.19B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Czechia
Top DestinationGermany$75.3B

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

In 2022, countries that imported more from Belgium than Czechia included France ($71.1B), Netherlands ($65.7B), and United States ($29B).

In 2022, countries that imported more from Czechia than Belgium included Slovakia ($19.7B), Austria ($10.9B), and Poland ($16.2B).

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

Comparative Advantage Belgium - Czechia

Flow
Scale

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

During 2022, Belgium had a large net trade with Czechia in the exports of Chemical Products ($975M), Plastics and Rubbers ($615M), and Machines ($467M).

During 2017, Czechia had a large net trade with Belgium in the exports of Machines ($1.55B), Transportation ($1.51B), and Metals ($383M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Czechia+$92.7MCars
Top Product Potential Czechia Belgium+$227MCars

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

In 2020, Belgium exported services to Czechia worth $686M, with Other business services ($305M), Computer and information services ($155M), and Transportation ($97.1M) being the largest in terms of value.

In 2019, Czechia exported services to Belgium worth $726M, with Transportation ($316M), Other business services ($276M), and Travel ($59.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Czechia (Flag) to Belgium (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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