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Pricing

2022
Flag → Flag
Exports $2.8BRnk 27 / 222
2022
Flag → Flag
Top Product $244MCopper Wire
2022
Flag → Flag
Exports $1.92BRnk 15 / 196
2022
Flag → Flag
Top Product $185MInsulated Wire
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 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$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 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$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Belgium-Romania Trade: In 2022, Belgium exported $2.8B to Romania. The main products that Belgium exported to Romania were Copper Wire ($244M), Packaged Medicaments ($199M), and Cars ($144M). Over the past 5 years the exports of Belgium to Romania have increased at an annualized rate of 9.2%, from $1.81B in 2017 to $2.8B in 2022.

In 2020, Belgium exported services to Romania worth $553M, with Other business services ($182M), Travel ($128M), and Computer and information services ($112M) being the largest in terms of value.

Romania-Belgium Trade: In 2022, Romania exported $1.92B to Belgium. The main products that Romania exported to Belgium were Insulated Wire ($185M), Cars ($164M), and Rapeseed ($138M). Over the past 5 years the exports of Romania to Belgium have increased at an annualized rate of 6.8%,  from $1.38B in 2017 to $1.92B in 2022.

In 2020, Romania exported services to Belgium worth $1.06B, with Transportation ($551M), Other business services ($202M), and Computer and information services ($148M) 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €192M and imported €115M from Romania, resulting in a positive trade balance of €77.2M. Between July 2023 and July 2024 the exports of Belgium have increased by €7.34M (3.97%) from €185M to €192M, while imports decreased by €-4.99M (-4.16%) from €120M to €115M.

Trade In July 2024, the top exports of Belgium to Romania were Cars, tractors, trucks & parts thereof. (€33.7M), Copper articles (€21.2M), Pharmaceutical products (€18M), Electrical machinery and electronics (€17.7M), and Plastics & articles thereof (€12.3M). In July 2024 the top imports of Belgium from Romania were Electrical machinery and electronics (€33.3M), Cars, tractors, trucks & parts thereof. (€12.9M), Machinery, mechanical appliances, & parts (€10.6M), Furniture, bedding, lamps, & prefab buildings (€8.07M), and Pharmaceutical products (€5.08M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Romania was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€14.7M or 77.5%), Copper articles (€8.75M or 70.3%), and Plastics & articles thereof (€4.46M or 57.2%). In July 2024, the decrease in Belgium's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-3.04M or -8.37%), Copper articles (€-1.85M or -95.7%), and Optical, photo, & film equipment; medical... (€-1.65M or -58.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€7.34M(3.97%)
IMPORT GROWTH (July 2023 - July 2024)€-4.99M(-4.16%)

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 Romania and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $2.8B to Romania. The main products exported from Belgium to Romania were Copper Wire ($244M), Packaged Medicaments ($199M), and Cars ($144M). During the last 5 years the exports of Belgium to Romania have increased at an annualized rate of 9.2%, from $1.81B in 2017 to $2.8B in 2022.

In 2017, Romania exported $1.92B to Belgium. The main products exported from Romania to Belgium were Insulated Wire ($185M), Cars ($164M), and Rapeseed ($138M). During the last 5 years the exports of Romania to Belgium have increased at an annualized rate of 6.8%, from $1.38B in 2022 to $1.92B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Romania
Top DestinationGermany$18.8B

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

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

In 2022, countries that imported more from Romania than Belgium included Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

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

Comparative Advantage Belgium - Romania

Flow
Scale

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

During 2022, Belgium had a large net trade with Romania in the exports of Chemical Products ($551M), Metals ($448M), and Machines ($431M).

During 2017, Romania had a large net trade with Belgium in the exports of Machines ($647M), Transportation ($276M), and Vegetable Products ($168M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Romania+$68.1MCars
Top Product Potential Romania Belgium+$125MCars

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 Romania worth $553M, with Other business services ($182M), Travel ($128M), and Computer and information services ($112M) being the largest in terms of value.

In 2020, Romania exported services to Belgium worth $1.06B, with Transportation ($551M), Other business services ($202M), and Computer and information services ($148M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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