Have fun with OEC Games!
ITALY: New subnational monthly data !
New 50% OFF discount for academic accounts !
Sign In
Pricing

2022
Flag → Flag
Exports $3.43BRnk 21 / 222
2022
Flag → Flag
Top Product $1.14BDiamonds
2022
Flag → Flag
Exports $1.21BRnk 19 / 187
2022
Flag → Flag
Top Product $480MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186

About

Belgium-Israel In 2022, Belgium exported $3.43B to Israel. The main products that Belgium exported to Israel are Diamonds ($1.14B), Cars ($362M), and Vaccines, blood, antisera, toxins and cultures ($284M). During the last 23 years the exports of Belgium to Israel have increased at an annualized rate of 0.042%, from $3.39B in 1999 to $3.43B in 2022.

In 2009, Belgium exported services to Israel worth $327M, with Services not allocated ($189M), Transportation ($80.7M), and Travel ($20.2M) being the largest in terms of value.

Israel-Belgium In 2022, Israel exported $1.21B to Belgium. The main products that Israel exported to Belgium were Diamonds ($480M), Tool Plates ($74.8M), and Medical Instruments ($62.5M). During the last 23 years the exports of Israel to Belgium have decreased at an annualized rate of 1.48%, from $1.71B in 1999 to $1.21B in 2022.

In 2012, Israel exported services to Belgium worth $88.8M, with Computer and information services ($88M) and Construction services ($761k) being the largest in terms of value.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Latest Trends

January, 2024

About

Overview In January 2024, Belgium exported €101M and imported €69.3M from Israel, resulting in a positive trade balance of €32.2M. Between January 2023 and January 2024 the exports of Belgium have decreased by €-92.1M (-47.6%) from €194M to €101M, while imports decreased by €-31.7M (-31.4%) from €101M to €69.3M.

Trade In January 2024, the top exports of Belgium to Israel were Precious stones, metals, & pearls (€62.2M), Cars, tractors, trucks & parts thereof. (€48.4M), Pharmaceutical products (€13.3M), Optical, photo, & film equipment; medical... (€9.75M), and Electrical machinery and electronics (€8.23M). In January 2024 the top imports of Belgium from Israel were Precious stones, metals, & pearls (€61.5M), Optical, photo, & film equipment; medical... (€8.4M), Pharmaceutical products (€6.78M), Plastics & articles thereof (€5.85M), and Electrical machinery and electronics (€4.29M).

Growth In January 2024, the decrease in Belgium's year-by-year exports to Israel was explained primarily by an decrease in product exports in Pharmaceutical products (€-52.5M or -79.9%), Unclassified (€-2.21M or -90.4%), and Soap, cleaners, candles, dental, modelling pastes (€-1.65M or -44.7%). In January 2024, the decrease in Belgium's year-by-year imports  from Israel was explained primarily by an decrease in product imports  in Organic chemicals (€-4.06M or -84.8%), Machinery, mechanical appliances, & parts (€-1.17M or -43.4%), and Leather articles (€-623k or -44.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-92.1M(-47.6%)
IMPORT GROWTH (January 2023 - January 2024)€-31.7M(-31.4%)

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 Israel and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Israel and Belgium Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.43B to Israel. The main products exported from Belgium to Israel were Diamonds ($1.14B), Cars ($362M), and Vaccines, blood, antisera, toxins and cultures ($284M). During the last 23 years the exports of Belgium to Israel have increased at an annualized rate of 0.042%, from $3.39B in 1999 to $3.43B in 2022.

In 2022, Israel exported $1.21B to Belgium. The main products exported from Israel to Belgium were Diamonds ($480M), Tool Plates ($74.8M), and Medical Instruments ($62.5M). During the last 23 years the exports of Israel to Belgium have decreased at an annualized rate of 1.48%, from $1.71B in 1999 to $1.21B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Israel
Top DestinationUnited States$20.3B

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

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

In 2021, countries that imported more from Israel than Belgium were Palestine ($4.6B), Ireland ($3.86B), and Chinese Taipei ($1.88B).

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

Comparative Advantage Belgium - Israel

Flow
Scale

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

During 2022, Belgium had a large net trade with Israel in the exports of Precious Metals ($1.15B), Chemical Products ($703M), and Transportation ($637M).

During 2022, Israel had a large net trade with Belgium in the exports of Precious Metals ($495M), Chemical Products ($153M), and Machines ($150M).

Service Trade

Bilateral Service Trade

In 2009, Belgium exported services to Israel worth $327M, with Services not allocated ($189M), Transportation ($80.7M), and Travel ($20.2M) being the largest in terms of value.

In 2012, Israel exported services to Belgium worth $88.8M, with Computer and information services ($88M) and Construction services ($761k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to Israel (Flag) (2009)

Services Exports from Israel (Flag) to Belgium (Flag) (2012)

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms