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2022
Flag → Flag
Exports $473MRnk 22 / 191
2022
Flag → Flag
Top Product $136MRapeseed
2022
Flag → Flag
Exports $521MRnk 62 / 222
2022
Flag → Flag
Top Product $49.1MElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Ukraine-Belgium Trade: In 2022, Ukraine exported $473M to Belgium. The main products that Ukraine exported to Belgium were Rapeseed ($136M), Electricity ($60.8M), and Corn ($57.4M). Over the past 5 years the exports of Ukraine to Belgium have increased at an annualized rate of 0.18%, from $468M in 2017 to $473M in 2022.

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

Belgium-Ukraine Trade: In 2022, Belgium exported $521M to Ukraine. The main products that Belgium exported to Ukraine were Electricity ($49.1M), Tractors ($33M), and Pesticides ($31.9M). Over the past 5 years the exports of Belgium to Ukraine have decreased at an annualized rate of 0.2%,  from $533M in 2017 to $521M in 2022.

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

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $473M to Belgium. The main products exported from Ukraine to Belgium were Rapeseed ($136M), Electricity ($60.8M), and Corn ($57.4M). During the last 5 years the exports of Ukraine to Belgium have increased at an annualized rate of 0.18%, from $468M in 2017 to $473M in 2022.

In 2017, Belgium exported $521M to Ukraine. The main products exported from Belgium to Ukraine were Electricity ($49.1M), Tractors ($33M), and Pesticides ($31.9M). During the last 5 years the exports of Belgium to Ukraine have decreased at an annualized rate of 0.2%, from $533M in 2022 to $521M in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Belgium (Flag)

Ukraine Exports

Belgium Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$6.7B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Ukraine than Belgium included Romania ($3.94B), Moldova ($929M), and Bulgaria ($1.48B).

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

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

Comparative Advantage Ukraine - Belgium

Flow
Scale

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

During 2022, Ukraine had a large net trade with Belgium in the exports of Vegetable Products ($205M), Mineral Products ($69.9M), and Wood Products ($43.7M).

During 2017, Belgium had a large net trade with Ukraine in the exports of Chemical Products ($125M), Transportation ($91.1M), and Mineral Products ($72.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Belgium+$20.5MCorn
Top Product Potential Belgium Ukraine+$31.7MRefined 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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Economic Complexity

Competitive Landscape

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

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

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