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Pricing

2022
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Exports $17BRnk 4 / 210
2022
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Top Product $9.85BVaccines, blood, antisera, toxins and cultures
2022
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Exports $2.88BRnk 26 / 222
2022
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Top Product $399MCars
2022
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Economic Complexity (ECI) ECI 1.28Rnk 16 / 124
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
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 PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Ireland-Belgium In 2022, Ireland exported $17B to Belgium. The main products that Ireland exported to Belgium are Vaccines, blood, antisera, toxins and cultures ($9.85B), Nitrogen Heterocyclic Compounds ($3.23B), and Sulfonamides ($858M). During the last 23 years the exports of Ireland to Belgium have increased at an annualized rate of 6.77%, from $3.77B in 1999 to $17B in 2022.

In 2020, Ireland exported services to Belgium worth $2.19B, with Other business services ($1.52B), Insurance services ($275M), and Financial services ($273M) being the largest in terms of value.

Belgium-Ireland In 2022, Belgium exported $2.88B to Ireland. The main products that Belgium exported to Ireland were Cars ($399M), Vaccines, blood, antisera, toxins and cultures ($285M), and Packaged Medicaments ($172M). During the last 23 years the exports of Belgium to Ireland have increased at an annualized rate of 4%, from $1.17B in 1999 to $2.88B in 2022.

In 2020, Belgium exported services to Ireland worth $5.18B, with Other business services ($3.38B), Computer and information services ($793M), and Royalties and license fees ($346M) being the largest in terms of value.

Comparison In 2022,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). 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, Ireland exported €1.18B and imported €180M from Belgium, resulting in a positive trade balance of €995M. Between January 2023 and January 2024 the exports of Ireland have decreased by €-236M (-16.7%) from €1.41B to €1.18B, while imports decreased by €-4.61M (-2.49%) from €185M to €180M.

Trade In January 2024, the top exports of Ireland to Belgium were Medicinal and pharmaceutical products (€1.13B), Organic chemicals (€150M), Inorganic chemicals (€20.2M), Miscellaneous manufactured articles, n.e.s. (€20.1M), and Professional, scientific and controlling apparatus (€13.4M). In January 2024 the top imports of Ireland from Belgium were Medicinal and pharmaceutical products (€27.2M), Plastics in primary forms (€17.9M), Petroleum, petroleum products and related materials (€17.5M), Miscellaneous edible products and preparations (€13.7M), and Fertilisers, manufactured (€10.8M).

Growth In January 2024, the decrease in Ireland's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-303M or -21.2%), Organic chemicals (€-45.2M or -23.1%), and Dairy products and birds eggs (€-1.81M or -38.6%). In January 2024, the decrease in Ireland's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Medicinal and pharmaceutical products (€-19.2M or -41.5%), Articles of apparel and clothing accessories (€-2.13M or -52.2%), and Non-ferrous metals (€-1.52M or -55.1%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€-236M(-16.7%)
IMPORT GROWTH (January 2023 - January 2024)€-4.61M(-2.49%)

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

To check Belgium and Ireland 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, Ireland exported $17B to Belgium. The main products exported from Ireland to Belgium were Vaccines, blood, antisera, toxins and cultures ($9.85B), Nitrogen Heterocyclic Compounds ($3.23B), and Sulfonamides ($858M). During the last 23 years the exports of Ireland to Belgium have increased at an annualized rate of 6.77%, from $3.77B in 1999 to $17B in 2022.

In 2022, Belgium exported $2.88B to Ireland. The main products exported from Belgium to Ireland were Cars ($399M), Vaccines, blood, antisera, toxins and cultures ($285M), and Packaged Medicaments ($172M). During the last 23 years the exports of Belgium to Ireland have increased at an annualized rate of 4%, from $1.17B in 1999 to $2.88B in 2022.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Belgium
Top DestinationGermany$91.9B

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

In 2021, countries that imported more from Ireland than Belgium were United States ($70.7B), China ($16.7B), and Malaysia ($2B).

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

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

Comparative Advantage Ireland - Belgium

Flow
Scale

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

During 2022, Ireland had a large net trade with Belgium in the exports of Chemical Products ($15.6B), Animal Products ($361M), and Instruments ($343M).

During 2022, Belgium had a large net trade with Ireland in the exports of Chemical Products ($874M), Transportation ($491M), and Machines ($274M).

Service Trade

Bilateral Service Trade

In 2020, Ireland exported services to Belgium worth $2.19B, with Other business services ($1.52B), Insurance services ($275M), and Financial services ($273M) being the largest in terms of value.

In 2020, Belgium exported services to Ireland worth $5.18B, with Other business services ($3.38B), Computer and information services ($793M), and Royalties and license fees ($346M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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