United Kingdom (GBR) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Belgium (BEL) Trade

2022

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Exports $24.2BRnk 7 / 224

2022

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About

United Kingdom-Belgium In 2022, United Kingdom exported $24.2B to Belgium. The main products that United Kingdom exported to Belgium are Petroleum Gas ($6.22B), Packaged Medicaments ($2.63B), and Refined Petroleum ($2.33B). During the last 23 years the exports of United Kingdom to Belgium have increased at an annualized rate of 2.32%, from $14.2B in 1999 to $24.2B in 2022.

In 2019, United Kingdom exported services to Belgium worth $4.74B, with Other business services ($2.8B), Travel ($737M), and Financial services ($560M) being the largest in terms of value.

Belgium-United Kingdom In 2022, Belgium exported $21.5B to United Kingdom. The main products that Belgium exported to United Kingdom were Vaccines, blood, antisera, toxins and cultures ($2.72B), Cars ($1.36B), and Refined Petroleum ($1.1B). During the last 23 years the exports of Belgium to United Kingdom have increased at an annualized rate of 1.06%, from $16.9B in 1999 to $21.5B in 2022.

In 2020, Belgium exported services to United Kingdom worth $9.4B, with Other business services ($3.38B), Transportation ($2.44B), and Financial services ($1.04B) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £1.56B and imported £2.13B from Belgium, resulting in a negative trade balance of £573M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £213M (15.8%) from £1.35B to £1.56B, while imports decreased by £-142M (-6.25%) from £2.28B to £2.13B.

Trade In January 2024, the top exports of United Kingdom to Belgium were Packaged Medicaments (£218M), Cars (£136M), Refined Petroleum (£130M), Petroleum Gas (£75.4M), and Precious Metal Scraps (£46.9M). In January 2024 the top imports of United Kingdom from Belgium were Refined Petroleum (£184M), Vaccines, blood, antisera, toxins and cultures (£128M), Cars (£106M), Platinum (£104M), and Packaged Medicaments (£79.4M).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£425M), Grangemouth (£143M), Killingholme (£133M), Southampton (£115M), and Grimsby (£108M), while imports destinations were mainly London (£378M), Eurotunnel (£280M), Immingham (£262M), Dover (£254M), and Killingholme (£147M).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Belgium was explained primarily by an increase in product exports in Packaged Medicaments (£117M or 116%), Petroleum Gas (£43.8M or 139%), and Cars (£35.7M or 35.5%). In January 2024, the decrease in United Kingdom's year-by-year imports from Belgium was explained primarily by an decrease in product imports in Packaged Medicaments (£-53M or -40%), Electricity (£-45.8M or -47.6%), and Gas Turbines (£-34M or -97.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£213M(15.8%)

IMPORT GROWTH (January 2023 - January 2024)£-142M(-6.25%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£425M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Belgium and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $24.2B to Belgium. The main products exported from United Kingdom to Belgium were Petroleum Gas ($6.22B), Packaged Medicaments ($2.63B), and Refined Petroleum ($2.33B). During the last 23 years the exports of United Kingdom to Belgium have increased at an annualized rate of 2.32%, from $14.2B in 1999 to $24.2B in 2022.

In 2022, Belgium exported $21.5B to United Kingdom. The main products exported from Belgium to United Kingdom were Vaccines, blood, antisera, toxins and cultures ($2.72B), Cars ($1.36B), and Refined Petroleum ($1.1B). During the last 23 years the exports of Belgium to United Kingdom have increased at an annualized rate of 1.06%, from $16.9B in 1999 to $21.5B in 2022.

Exports from United Kingdom () to Belgium () (2022)

Exports from Belgium () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Belgium
Top DestinationGermany$91.9B

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

In 2021, countries that imported more from United Kingdom than Belgium were United States ($61.8B), Ireland ($32.6B), and China ($35.4B).

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

Difference in imports from Belgium () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Belgium in the exports of Mineral Products ($10.5B), Chemical Products ($4.97B), and Transportation ($2.08B).

During 2022, Belgium had a large net trade with United Kingdom in the exports of Chemical Products ($5.14B), Transportation ($2.78B), and Foodstuffs ($2.17B).

Service Trade

Bilateral Service Trade

Bel Year

Gbr Year

In 2019, United Kingdom exported services to Belgium worth $4.74B, with Other business services ($2.8B), Travel ($737M), and Financial services ($560M) being the largest in terms of value.

In 2020, Belgium exported services to United Kingdom worth $9.4B, with Other business services ($3.38B), Transportation ($2.44B), and Financial services ($1.04B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Belgium () (2019)

Services Exports from Belgium () to United Kingdom () (2020)

Economic Complexity

Competitive Landscape

Year

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 United Kingdom has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Belgium () (2022)

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