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Pricing

2022
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Exports $7.67BRnk 12 / 222
2022
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Top Product $1.53BRefined Petroleum
2022
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Exports $2.09BRnk 3 / 196
2022
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Top Product $175MCars
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
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$82.3BCURRENT US$
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2012-2022
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GDP GROWTH37.6%CURRENT US$
Rnk 87 / 186
2022
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GDP PC $49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
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2022
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GDP PC$126,426CURRENT US$
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2012-2022
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GDP PC GROWTH12.3%CURRENT US$
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About

Belgium-Luxembourg In 2022, Belgium exported $7.67B to Luxembourg. The main products that Belgium exported to Luxembourg are Refined Petroleum ($1.53B), Cars ($803M), and Petroleum Gas ($708M). During the last 23 years the exports of Belgium to Luxembourg have increased at an annualized rate of 3.35%, from $3.59B in 1999 to $7.67B in 2022.

In 2020, Belgium exported services to Luxembourg worth $5.17B, with Other business services ($1.46B), Travel ($1.01B), and Financial services ($978M) being the largest in terms of value.

Luxembourg-Belgium In 2022, Luxembourg exported $2.09B to Belgium. The main products that Luxembourg exported to Belgium were Cars ($175M), Iron Blocks ($125M), and Cellulose Fibers Paper ($78.8M). During the last 23 years the exports of Luxembourg to Belgium have increased at an annualized rate of 3.03%, from $1.05B in 1999 to $2.09B in 2022.

In 2020, Luxembourg exported services to Belgium worth $2.34B, with Travel ($1.26B), Transportation ($575M), and Other business services ($506M) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28),  and 13 in total exports ($475B). That same year, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €551M and imported €99.9M from Luxembourg, resulting in a positive trade balance of €452M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-95.2M (-14.7%) from €647M to €551M, while imports decreased by €-16M (-13.8%) from €116M to €99.9M.

Trade In December 2023, the top exports of Belgium to Luxembourg were Mineral fuels, mineral oils and products... (€185M), Cars, tractors, trucks & parts thereof. (€135M), Pharmaceutical products (€26.8M), Rubber & articles thereof (€26.7M), and Beverages, spirits, & vinegar (€22M). In December 2023 the top imports of Belgium from Luxembourg were Plastics & articles thereof (€16.2M), Cars, tractors, trucks & parts thereof. (€14.6M), Iron & steel (€9.84M), Zinc articles (€7.09M), and Machinery, mechanical appliances, & parts (€6.25M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Luxembourg was explained primarily by an decrease in product exports in Iron & steel (€-14.2M or -45.4%), Mineral fuels, mineral oils and products... (€-12.7M or -6.43%), and Plastics & articles thereof (€-5.73M or -23.7%). In December 2023, the decrease in Belgium's year-by-year imports  from Luxembourg was explained primarily by an decrease in product imports  in Cermet articles (€-4.4M or -86.9%), Mineral fuels, mineral oils and products... (€-4.23M or -86.9%), and Pharmaceutical products (€-3.6M or -83%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-95.2M(-14.7%)
IMPORT GROWTH (December 2022 - December 2023)€-16M(-13.8%)

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 Luxembourg and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $7.67B to Luxembourg. The main products exported from Belgium to Luxembourg were Refined Petroleum ($1.53B), Cars ($803M), and Petroleum Gas ($708M). During the last 23 years the exports of Belgium to Luxembourg have increased at an annualized rate of 3.35%, from $3.59B in 1999 to $7.67B in 2022.

In 2022, Luxembourg exported $2.09B to Belgium. The main products exported from Luxembourg to Belgium were Cars ($175M), Iron Blocks ($125M), and Cellulose Fibers Paper ($78.8M). During the last 23 years the exports of Luxembourg to Belgium have increased at an annualized rate of 3.03%, from $1.05B in 1999 to $2.09B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Luxembourg
Top DestinationGermany$4.15B

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

In 2021, countries that imported more from Belgium than Luxembourg were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Luxembourg than Belgium were Kiribati ($26.8k).

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

Comparative Advantage Belgium - Luxembourg

Flow
Scale

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

During 2022, Belgium had a large net trade with Luxembourg in the exports of Mineral Products ($2.78B), Transportation ($1.09B), and Plastics and Rubbers ($703M).

During 2022, Luxembourg had a large net trade with Belgium in the exports of Metals ($409M), Plastics and Rubbers ($345M), and Transportation ($261M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Luxembourg worth $5.17B, with Other business services ($1.46B), Travel ($1.01B), and Financial services ($978M) being the largest in terms of value.

In 2020, Luxembourg exported services to Belgium worth $2.34B, with Travel ($1.26B), Transportation ($575M), and Other business services ($506M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Belgium.

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

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