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Pricing

2022
Flag → Flag
Exports $3.41BRnk 22 / 222
2022
Flag → Flag
Top Product $578MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $3.68BRnk 10 / 215
2022
Flag → Flag
Top Product $1.35BDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 0.85Rnk 31 / 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$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 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
2022
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GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Belgium-Canada In 2022, Belgium exported $3.41B to Canada. The main products that Belgium exported to Canada are Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). During the last 23 years the exports of Belgium to Canada have increased at an annualized rate of 6.93%, from $729M in 1999 to $3.41B in 2022.

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

Canada-Belgium In 2022, Canada exported $3.68B to Belgium. The main products that Canada exported to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). During the last 23 years the exports of Canada to Belgium have increased at an annualized rate of 4.23%, from $1.42B in 1999 to $3.68B in 2022.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €114M and imported €210M from Canada, resulting in a negative trade balance of €96M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-65.9M (-36.6%) from €180M to €114M, while imports decreased by €-76.4M (-26.7%) from €287M to €210M.

Trade In December 2023, the top exports of Belgium to Canada were Organic chemicals (€112M), Pharmaceutical products (€83.4M), Cars, tractors, trucks & parts thereof. (€22.1M), Mineral fuels, mineral oils and products... (€14.4M), and Machinery, mechanical appliances, & parts (€11.2M). In December 2023 the top imports of Belgium from Canada were Precious stones, metals, & pearls (€125M), Ores, slag and ash (€52.5M), Fertilizers (€22.1M), Pharmaceutical products (€17M), and Oils seeds, oleaginous fruits, grains, straw... (€11.1M).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Canada was explained primarily by an decrease in product exports in Pharmaceutical products (€-115M or -58%), Mineral fuels, mineral oils and products... (€-5.27M or -26.8%), and Fertilizers (€-4.02M or -93.8%). In December 2023, the decrease in Belgium's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Pharmaceutical products (€-15.6M or -47.8%), Iron & steel (€-7.8M or -98.3%), and Precious stones, metals, & pearls (€-6.42M or -4.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-65.9M(-36.6%)
IMPORT GROWTH (December 2022 - December 2023)€-76.4M(-26.7%)

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 Canada 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 $3.41B to Canada. The main products exported from Belgium to Canada were Vaccines, blood, antisera, toxins and cultures ($578M), Packaged Medicaments ($356M), and Hormones ($340M). During the last 23 years the exports of Belgium to Canada have increased at an annualized rate of 6.93%, from $729M in 1999 to $3.41B in 2022.

In 2022, Canada exported $3.68B to Belgium. The main products exported from Canada to Belgium were Diamonds ($1.35B), Potassic Fertilizers ($403M), and Iron Ore ($269M). During the last 23 years the exports of Canada to Belgium have increased at an annualized rate of 4.23%, from $1.42B in 1999 to $3.68B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Canada
Top DestinationUnited States$438B

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

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

In 2021, countries that imported more from Canada than Belgium were United States ($438B), China ($25.4B), and Mexico ($7.39B).

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

Comparative Advantage Belgium - Canada

Flow
Scale

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

During 2022, Belgium had a large net trade with Canada in the exports of Chemical Products ($1.51B), Mineral Products ($417M), and Precious Metals ($292M).

During 2022, Canada had a large net trade with Belgium in the exports of Precious Metals ($1.36B), Chemical Products ($840M), and Mineral Products ($392M).

Service Trade

Bilateral Service Trade

In 2020, Belgium exported services to Canada worth $344M, with Other business services ($175M), Transportation ($99.4M), and Computer and information services ($34.3M) being the largest in terms of value.

In 2020, Canada exported services to Belgium worth $336M, with Financial services ($157M), Transportation ($49.2M), and Royalties and license fees ($46.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Canada (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 Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Belgium.

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

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