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Trade between Belgium and Hong Kong

In 2024, Belgium exported $2.1 billion to Hong Kong and imported $237 million. Belgium ran a surplus of $1.8 billion with Hong Kong, compared with a surplus of $2.1 billion in 2019. Hong Kong was Belgium’s 41st largest trading partner (0.3% of its trade), and Belgium was Hong Kong’s 29th (0.3%).

Summary

Belgium → Hong Kong
$2.1billion
Hong Kong → Belgium
$237million
Belgium’s balance
$1.8billion

Balance

Belgium’s trade balance with Hong Kong

Trade between Belgium and Hong Kong grew 17% since 1995

USD billions (current). Belgium’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.1
  • Imports 0.2
  • Balance +1.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.4 billion$531 million$901 million
1996$1.4 billion$446 million$927 million
1997$1.5 billion$581 million$897 million
1998$1.1 billion$499 million$562 million
1999$1.3 billion$548 million$702 million
2000$1.4 billion$806 million$608 million
2001$1.5 billion$789 million$691 million
2002$1.6 billion$1.1 billion$570 million
2003$1.8 billion$648 million$1.1 billion
2004$2 billion$897 million$1.1 billion
2005$2.1 billion$973 million$1.2 billion
2006$2.4 billion$1 billion$1.3 billion
2007$2.6 billion$1 billion$1.6 billion
2008$2.9 billion$1.1 billion$1.8 billion
2009$2.6 billion$927 million$1.7 billion
2010$3 billion$820 million$2.1 billion
2011$3.8 billion$1.4 billion$2.3 billion
2012$3.8 billion$1.3 billion$2.5 billion
2013$3.9 billion$1.5 billion$2.4 billion
2014$3.9 billion$1.4 billion$2.5 billion
2015$3.2 billion$1.2 billion$2.1 billion
2016$3.2 billion$855 million$2.3 billion
2017$3 billion$648 million$2.4 billion
2018$3.2 billion$920 million$2.3 billion
2019$2.8 billion$715 million$2.1 billion
2020$2.2 billion$533 million$1.7 billion
2021$2.3 billion$432 million$1.8 billion
2022$1.9 billion$348 million$1.6 billion
2023$2.4 billion$278 million$2.2 billion
2024$2.1 billion$237 million$1.8 billion

What they sell each other

What Belgium sells to Hong Kong

The top 10 headings in 2024, with their share of the total.

  1. Diamonds$820 million · 39.9%
    Belgium’s destinations
  2. Medicines in measured doses or retail packs$290 million · 14.1%
    3 thousand tonnes · Belgium’s destinations
  3. Microchips$92 million · 4.5%
    26 tonnes · Belgium’s destinations
  4. Vaccines, blood and antisera$92 million · 4.5%
    22 tonnes · Belgium’s destinations
  5. Turbojets and gas turbines$44 million · 2.1%
    8 tonnes · Hong Kong’s sources
  6. Medical and dental instruments$42 million · 2.1%
    115 tonnes · Belgium’s destinations
  7. Paintings and drawings$41 million · 2%
    3 tonnes
  8. Platinum$35 million · 1.7%
    3 tonnes · Belgium’s destinations
  9. Makeup and skin care$24 million · 1.2%
    489 tonnes · Belgium’s destinations
  10. Aluminum scrap$20 million · 0.99%
    9 thousand tonnes

What Hong Kong sells to Belgium

The top 10 headings in 2024, with their share of the total.

  1. Diamonds$89 million · 37.6%
    Hong Kong’s destinations
  2. Microchips$39 million · 16.2%
    130 tonnes · Hong Kong’s destinations
  3. Turbojets and gas turbines$24 million · 10.1%
    12 tonnes · Hong Kong’s destinations
  4. Jewelry$9 million · 4%
    Hong Kong’s destinations
  5. Synthetic gemstones$5 million · 2.3%
  6. Home appliances$4 million · 1.6%
    103 tonnes
  7. Paintings and drawings$3 million · 1.3%
    1 tonne
  8. Tin waste and scrap$3 million · 1.3%
    130 tonnes
  9. Makeup and skin care$3 million · 1.2%
    58 tonnes
  10. Self-adhesive plastic sheets$3 million · 1.2%
    191 tonnes

How it travels

Belgium and Hong Kong traded $2.3 billion in 2024 (both directions together). They trade mostly by air: 83% of the value travels by plane.

Split by transport mode

  1. Sea$393 million · 17.2%
  2. Air$1.9 billion · 82.8%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Hong Kong was Belgium’s 41st largest trading partner (0.3% of its trade), and Belgium was Hong Kong’s 29th (0.3%).

Hong Kong in Belgium’s trade
0.3%
Hong Kong’s rank among Belgium’s partners
41st
Belgium in Hong Kong’s trade
0.3%
Belgium’s rank among Hong Kong’s partners
29th

Compare with

Other partners of Belgium

Other partners of Hong Kong

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.