2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP GROWTH
33.4%CURRENT US$
Rnk 92 / 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
$29,457CURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 63 / 186

About

Belgium-Slovenia Trade: In 2022, Belgium exported $745M to Slovenia. The main products that Belgium exported to Slovenia were Cars ($53.6M), Refined Petroleum ($37.5M), and Packaged Medicaments ($25.4M). Over the past 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 6.42%, from $546M in 2017 to $745M in 2022.

In 2020, Belgium exported services to Slovenia worth $118M, with Travel ($48M), Computer and information services ($32M), and Other business services ($20.6M) being the largest in terms of value.

Slovenia-Belgium Trade: In 2022, Slovenia exported $503M to Belgium. The main products that Slovenia exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($70.1M), Cars ($47.1M), and Packaged Medicaments ($34.9M). Over the past 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 2.7%,  from $440M in 2017 to $503M in 2022.

In 2020, Slovenia exported services to Belgium worth $172M, with Transportation ($61.9M), Construction services ($54.7M), and Other business services ($28.6M) 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, Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $745M to Slovenia. The main products exported from Belgium to Slovenia were Cars ($53.6M), Refined Petroleum ($37.5M), and Packaged Medicaments ($25.4M). During the last 5 years the exports of Belgium to Slovenia have increased at an annualized rate of 6.42%, from $546M in 2017 to $745M in 2022.

In 2017, Slovenia exported $503M to Belgium. The main products exported from Slovenia to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($70.1M), Cars ($47.1M), and Packaged Medicaments ($34.9M). During the last 5 years the exports of Slovenia to Belgium have increased at an annualized rate of 2.7%, from $440M in 2022 to $503M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Slovenia
Top Destination
Switzerland$9.92B

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

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

In 2022, countries that imported more from Slovenia than Belgium included Switzerland ($9.92B), Croatia ($4.68B), and Serbia ($1.54B).

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

Comparative Advantage Belgium - Slovenia

Flow
Scale

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

During 2022, Belgium had a large net trade with Slovenia in the exports of Chemical Products ($182M), Plastics and Rubbers ($99.6M), and Machines ($95.8M).

During 2017, Slovenia had a large net trade with Belgium in the exports of Transportation ($120M), Chemical Products ($83.6M), and Machines ($80.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Slovenia+$42MRefined Petroleum
Top Product Potential Slovenia Belgium+$57.3MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Belgium exported services to Slovenia worth $118M, with Travel ($48M), Computer and information services ($32M), and Other business services ($20.6M) being the largest in terms of value.

In 2020, Slovenia exported services to Belgium worth $172M, with Transportation ($61.9M), Construction services ($54.7M), and Other business services ($28.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with