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$579BCURRENT US$
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16.6%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$49,583CURRENT US$
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11%CURRENT US$
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$33,815CURRENT US$
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About

Belgium-Japan Trade: In 2022, Belgium exported $8.82B to Japan. The main products that Belgium exported to Japan were Vaccines, blood, antisera, toxins and cultures ($6.02B), Packaged Medicaments ($615M), and Cars ($266M). Over the past 5 years the exports of Belgium to Japan have increased at an annualized rate of 24.9%, from $2.9B in 2017 to $8.82B in 2022.

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

Japan-Belgium Trade: In 2022, Japan exported $6.8B to Belgium. The main products that Japan exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.48B), Cars ($1.19B), and Medical Instruments ($285M). Over the past 5 years the exports of Japan to Belgium have increased at an annualized rate of 0.98%,  from $6.47B in 2017 to $6.8B in 2022.

In 2009, Japan exported services to Belgium worth $4.62B, with Services not allocated ($2.31B), Other business services ($1.64B), and Royalties and license fees ($337M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $8.82B to Japan. The main products exported from Belgium to Japan were Vaccines, blood, antisera, toxins and cultures ($6.02B), Packaged Medicaments ($615M), and Cars ($266M). During the last 5 years the exports of Belgium to Japan have increased at an annualized rate of 24.9%, from $2.9B in 2017 to $8.82B in 2022.

In 2017, Japan exported $6.8B to Belgium. The main products exported from Japan to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.48B), Cars ($1.19B), and Medical Instruments ($285M). During the last 5 years the exports of Japan to Belgium have increased at an annualized rate of 0.98%, from $6.47B in 2022 to $6.8B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Japan
Top Destination
United States$137B

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

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

In 2022, countries that imported more from Japan than Belgium included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Belgium - Japan

Flow
Scale

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

During 2022, Belgium had a large net trade with Japan in the exports of Chemical Products ($7.16B), Transportation ($331M), and Machines ($260M).

During 2017, Japan had a large net trade with Belgium in the exports of Transportation ($2.9B), Machines ($1.49B), and Chemical Products ($692M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Japan+$242MPackaged Medicaments
Top Product Potential Japan Belgium+$355MCars

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 Japan. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Belgium.

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

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