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2022
Flag → Flag
Exports $65.7BRnk 3 / 222
2022
Flag → Flag
Top Product $13.1BPetroleum Gas
2022
Flag → Flag
Exports $94.3BRnk 2 / 224
2022
Flag → Flag
Top Product $14.5BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.11Rnk 23 / 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$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH18.1%CURRENT US$
Rnk 125 / 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$55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH11.8%CURRENT US$
Rnk 110 / 186

About

Belgium-Netherlands Trade: In 2022, Belgium exported $65.7B to Netherlands. The main products that Belgium exported to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). Over the past 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 12.3%, from $36.9B in 2017 to $65.7B in 2022.

In 2020, Belgium exported services to Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

Netherlands-Belgium Trade: In 2022, Netherlands exported $94.3B to Belgium. The main products that Netherlands exported to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). Over the past 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 10.1%,  from $58.2B in 2017 to $94.3B in 2022.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) 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, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €3.75B and imported €6.59B from Netherlands, resulting in a negative trade balance of €2.84B. Between July 2023 and July 2024 the exports of Belgium have decreased by €-58.8M (-1.54%) from €3.81B to €3.75B, while imports increased by €447M (7.27%) from €6.14B to €6.59B.

Trade In July 2024, the top exports of Belgium to Netherlands were Mineral fuels, mineral oils and products... (€1.15B), Cars, tractors, trucks & parts thereof. (€354M), Pharmaceutical products (€252M), Machinery, mechanical appliances, & parts (€210M), and Electrical machinery and electronics (€175M). In July 2024 the top imports of Belgium from Netherlands were Mineral fuels, mineral oils and products... (€2.71B), Electrical machinery and electronics (€491M), Machinery, mechanical appliances, & parts (€357M), Cars, tractors, trucks & parts thereof. (€321M), and Plastics & articles thereof (€228M).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Netherlands was explained primarily by an decrease in product exports in Organic chemicals (€-34.5M or -20.5%), Optical, photo, & film equipment; medical... (€-20.1M or -34.7%), and Copper articles (€-9.23M or -34.4%). In July 2024, the increase in Belgium's year-by-year imports  from Netherlands was explained primarily by an increase in product imports  in Electrical machinery and electronics (€236M or 92.5%), Cars, tractors, trucks & parts thereof. (€124M or 62.4%), and Edible products of animal origin, n.e.s. (€68.9M or 61.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-58.8M(-1.54%)
IMPORT GROWTH (July 2023 - July 2024)€447M(7.27%)

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 Netherlands and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Netherlands and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $65.7B to Netherlands. The main products exported from Belgium to Netherlands were Petroleum Gas ($13.1B), Refined Petroleum ($6.84B), and Packaged Medicaments ($2.08B). During the last 5 years the exports of Belgium to Netherlands have increased at an annualized rate of 12.3%, from $36.9B in 2017 to $65.7B in 2022.

In 2017, Netherlands exported $94.3B to Belgium. The main products exported from Netherlands to Belgium were Crude Petroleum ($14.5B), Refined Petroleum ($10B), and Petroleum Gas ($7.74B). During the last 5 years the exports of Netherlands to Belgium have increased at an annualized rate of 10.1%, from $58.2B in 2022 to $94.3B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Netherlands
Top DestinationGermany$131B

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

In 2022, countries that imported more from Belgium than Netherlands included France ($71.1B), Luxembourg ($7.67B), and Japan ($8.82B).

In 2022, countries that imported more from Netherlands than Belgium included Germany ($131B), United Kingdom ($38.2B), and Chinese Taipei ($16B).

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

Comparative Advantage Belgium - Netherlands

Flow
Scale

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

During 2022, Belgium had a large net trade with Netherlands in the exports of Mineral Products ($23.3B), Chemical Products ($9.58B), and Foodstuffs ($4.83B).

During 2017, Netherlands had a large net trade with Belgium in the exports of Mineral Products ($37.2B), Chemical Products ($12.4B), and Machines ($9.36B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Netherlands+$1.48BRefined Petroleum
Top Product Potential Netherlands Belgium+$1.42BRefined Petroleum

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 Netherlands worth $16.5B, with Other business services ($6.29B), Transportation ($4.55B), and Travel ($1.79B) being the largest in terms of value.

In 2020, Netherlands exported services to Belgium worth $11.6B, with Other business services ($4.31B), Transportation ($3.09B), and Travel ($1.18B) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Netherlands (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 Netherlands. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Netherlands. Similarly, a dot/product with the flag of Netherlands indicates it has a comparative advantage over Belgium.

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

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