2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Belgium-Germany Trade: In 2022, Belgium exported $91.9B to Germany. The main products that Belgium exported to Germany were Petroleum Gas ($29.1B), Vaccines, blood, antisera, toxins and cultures ($7.86B), and Refined Petroleum ($3.77B). Over the past 5 years the exports of Belgium to Germany have increased at an annualized rate of 14.6%, from $46.5B in 2017 to $91.9B in 2022.

In 2020, Belgium exported services to Germany worth $9.86B, with Other business services ($3.75B), Transportation ($2.58B), and Computer and information services ($1.04B) being the largest in terms of value.

Germany-Belgium Trade: In 2022, Germany exported $61.6B to Belgium. The main products that Germany exported to Belgium were Cars ($5.93B), Packaged Medicaments ($4.2B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.69B). Over the past 5 years the exports of Germany to Belgium have increased at an annualized rate of 4.88%,  from $48.5B in 2017 to $61.6B in 2022.

In 2020, Germany exported services to Belgium worth $6.02B, with Other business services ($2.99B), Transportation ($1.29B), and Travel ($875M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $91.9B to Germany. The main products exported from Belgium to Germany were Petroleum Gas ($29.1B), Vaccines, blood, antisera, toxins and cultures ($7.86B), and Refined Petroleum ($3.77B). During the last 5 years the exports of Belgium to Germany have increased at an annualized rate of 14.6%, from $46.5B in 2017 to $91.9B in 2022.

In 2017, Germany exported $61.6B to Belgium. The main products exported from Germany to Belgium were Cars ($5.93B), Packaged Medicaments ($4.2B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.69B). During the last 5 years the exports of Germany to Belgium have increased at an annualized rate of 4.88%, from $48.5B in 2022 to $61.6B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Germany
Top Destination
United States$153B

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

In 2022, countries that imported more from Belgium than Germany included Nigeria ($7.72B), Libya ($1.28B), and Senegal ($877M).

In 2022, countries that imported more from Germany than Belgium included United States ($153B), China ($109B), and Austria ($86.5B).

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

Comparative Advantage Belgium - Germany

Flow
Scale

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

During 2022, Belgium had a large net trade with Germany in the exports of Mineral Products ($34B), Chemical Products ($19.1B), and Metals ($7.96B).

During 2017, Germany had a large net trade with Belgium in the exports of Chemical Products ($14.7B), Machines ($9.64B), and Transportation ($9B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Germany+$2.47BRefined Petroleum
Top Product Potential Germany Belgium+$2.91BCars

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 Germany worth $9.86B, with Other business services ($3.75B), Transportation ($2.58B), and Computer and information services ($1.04B) being the largest in terms of value.

In 2020, Germany exported services to Belgium worth $6.02B, with Other business services ($2.99B), Transportation ($1.29B), and Travel ($875M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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