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Trade between Belgium and Russia

In 2024, Belgium exported $2.1 billion to Russia and imported $2.5 billion. Belgium ran a deficit of $358 million with Russia, compared with a deficit of $4.1 billion in 2019. Russia was Belgium’s 27th largest trading partner (0.6% of its trade), and Belgium was Russia’s 20th (0.8%).

Summary

Belgium → Russia
$2.1billion
Russia → Belgium
$2.5billion
Belgium’s balance
-$358million

Balance

Belgium’s trade balance with Russia

Trade between Belgium and Russia grew 93% since 1995

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

  • Exports 2.1
  • Imports 2.5
  • Balance -0.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1 billion$1.3 billion-$305 million
1996$1 billion$1.4 billion-$352 million
1997$1.3 billion$1.5 billion-$170 million
1998$1 billion$1.1 billion-$38 million
1999$602 million$1.3 billion-$665 million
2000$646 million$1.3 billion-$702 million
2001$872 million$1.4 billion-$557 million
2002$950 million$1.5 billion-$564 million
2003$1.2 billion$2.5 billion-$1.3 billion
2004$1.5 billion$3.6 billion-$2.1 billion
2005$1.9 billion$4.9 billion-$3 billion
2006$2.7 billion$6.1 billion-$3.5 billion
2007$3.7 billion$5.3 billion-$1.6 billion
2008$4.5 billion$6.5 billion-$1.9 billion
2009$2.8 billion$5.9 billion-$3.1 billion
2010$3.4 billion$6.5 billion-$3.1 billion
2011$4.3 billion$9 billion-$4.8 billion
2012$4.4 billion$8.3 billion-$3.9 billion
2013$4.2 billion$9.8 billion-$5.6 billion
2014$3.5 billion$10.3 billion-$6.8 billion
2015$1.9 billion$7.3 billion-$5.4 billion
2016$2.4 billion$7.1 billion-$4.7 billion
2017$3.4 billion$8.2 billion-$4.8 billion
2018$2.6 billion$9.1 billion-$6.5 billion
2019$2.7 billion$6.8 billion-$4.1 billion
2020$2.5 billion$5.6 billion-$3.1 billion
2021$2.8 billion$8.6 billion-$5.7 billion
2022$2.7 billion$11.1 billion-$8.4 billion
2023$2.1 billion$3.7 billion-$1.6 billion
2024$2.1 billion$2.5 billion-$358 million

What they sell each other

What Belgium sells to Russia

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

  1. 5 thousand tonnes · Belgium’s destinations
  2. Vaccines, blood and antisera$413 million · 19.4%
    251 tonnes · Belgium’s destinations
  3. Raw tobacco$162 million · 7.6%
    22 thousand tonnes
  4. 413 tonnes · Belgium’s destinations
  5. 109 tonnes
  6. Chocolate$60 million · 2.8%
    8 thousand tonnes · Belgium’s destinations
  7. 3 thousand tonnes
  8. Beer$25 million · 1.2%
    21 thousand tonnes · Belgium’s destinations
  9. Other pharmaceutical goods$23 million · 1.1%
    121 tonnes
  10. 3 thousand tonnes

What Russia sells to Belgium

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

  1. Natural gas and LPG$1.2 billion · 46.4%
    2.4 million tonnes
  2. Semi-finished steel$643 million · 25.9%
    1.3 million tonnes
  3. Ammonia$165 million · 6.6%
    334 thousand tonnes
  4. Flaxseed$133 million · 5.4%
    237 thousand tonnes
  5. Refined petroleum$103 million · 4.2%
    137 thousand tonnes · Russia’s destinations
  6. Direct-reduced iron$74 million · 3%
    207 thousand tonnes
  7. 88 thousand tonnes
  8. Natural phosphates$53 million · 2.2%
    211 thousand tonnes
  9. Nitrogen fertilizers$21 million · 0.85%
    95 thousand tonnes
  10. Pig iron$13 million · 0.53%
    31 thousand tonnes

How it travels

Estimated sea route from Antwerp to Saint Petersburg.

The estimated sea route between Antwerp and Saint Petersburg is 1,431 nautical miles (2,650 km) long: ≈ 3.5–4.5 days at sea (at 18 and 14 knots).

Passages it crosses: Øresund.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3.1 billion · 66.8%
  2. Air$1.5 billion · 33.2%

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

How much each matters to the other

Russia was Belgium’s 27th largest trading partner (0.6% of its trade), and Belgium was Russia’s 20th (0.8%).

Russia in Belgium’s trade
0.6%
Russia’s rank among Belgium’s partners
27th
Belgium in Russia’s trade
0.8%
Belgium’s rank among Russia’s partners
20th

Compare with

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.