Estonia (EST) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Estonia-Belgium In 2022, Estonia exported $331M to Belgium. The main products that Estonia exported to Belgium are Refined Petroleum ($99M), Safety Glass ($51.6M), and Sawn Wood ($10.6M). During the last 23 years the exports of Estonia to Belgium have increased at an annualized rate of 8.74%, from $48.1M in 1999 to $331M in 2022.

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

Belgium-Estonia In 2022, Belgium exported $450M to Estonia. The main products that Belgium exported to Estonia were Apples and Pears ($33.1M), Coated Flat-Rolled Iron ($30.8M), and Coal Tar Oil ($23.5M). During the last 23 years the exports of Belgium to Estonia have increased at an annualized rate of 8.6%, from $67.4M in 1999 to $450M in 2022.

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $331M to Belgium. The main products exported from Estonia to Belgium were Refined Petroleum ($99M), Safety Glass ($51.6M), and Sawn Wood ($10.6M). During the last 23 years the exports of Estonia to Belgium have increased at an annualized rate of 8.74%, from $48.1M in 1999 to $331M in 2022.

In 2022, Belgium exported $450M to Estonia. The main products exported from Belgium to Estonia were Apples and Pears ($33.1M), Coated Flat-Rolled Iron ($30.8M), and Coal Tar Oil ($23.5M). During the last 23 years the exports of Belgium to Estonia have increased at an annualized rate of 8.6%, from $67.4M in 1999 to $450M in 2022.

Exports from Estonia () to Belgium () (2022)

Exports from Belgium () to Estonia () (2022)

Latest Data

Trade between Estonia () and Belgium ()

Estonia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Belgium
Top DestinationGermany$91.9B

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

In 2021, countries that imported more from Estonia than Belgium were Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Difference in imports from Belgium () and Estonia () (2022)

Comparative Advantage Estonia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Estonia had a large net trade with Belgium in the exports of Mineral Products ($107M), Stone And Glass ($53.4M), and Machines ($40.2M).

During 2022, Belgium had a large net trade with Estonia in the exports of Machines ($93.3M), Chemical Products ($63.5M), and Metals ($60.2M).

Service Trade

Bilateral Service Trade

Bel Year

Est Year

In 2020, Estonia exported services to Belgium worth $78.7M, with Transportation ($43.7M), Other business services ($15M), and Computer and information services ($12.1M) being the largest in terms of value.

In 2020, Belgium exported services to Estonia worth $109M, with Computer and information services ($51.4M), Other business services ($36.6M), and Transportation ($13.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Belgium () (2020)

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

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to Belgium () (2022)

Exports from Belgium () to Estonia () (2022)

Latest Data

Trade between Estonia () and Belgium ()

Estonia Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Estonia () (2022)

Comparative Advantage Estonia - Belgium

Service Trade

Bilateral Service Trade

Services Exports from Estonia () to Belgium () (2020)

Services Exports from Belgium () to Estonia () (2020)

Economic Complexity

Competitive Landscape

Product Space of Estonia () and Belgium () (2022)

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