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Trade between Belgium and Spain

In 2024, Belgium exported $10.4 billion to Spain and imported $10.1 billion. Belgium ran a surplus of $341 million with Spain, compared with a surplus of $146 million in 2019. Spain was Belgium’s 8th largest trading partner (3% of its trade), and Belgium was Spain’s 10th (2%).

Summary

Belgium → Spain
$10.4billion
Spain → Belgium
$10.1billion
Belgium’s balance
$341million

Balance

Belgium’s trade balance with Spain

Trade between Belgium and Spain grew 3-fold since 1995

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

  • Exports 10.4
  • Imports 10.1
  • Balance +0.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$4.2 billion$2.7 billion$1.6 billion
1996$4.6 billion$3 billion$1.6 billion
1997$4.7 billion$2.9 billion$1.8 billion
1998$5.1 billion$3.2 billion$2 billion
1999$5.6 billion$3.5 billion$2 billion
2000$5.3 billion$3.5 billion$1.9 billion
2001$5.5 billion$3.7 billion$1.8 billion
2002$5.7 billion$3.8 billion$1.9 billion
2003$7.3 billion$4.9 billion$2.4 billion
2004$8.8 billion$5.9 billion$2.9 billion
2005$9.5 billion$5.9 billion$3.5 billion
2006$9.9 billion$7.1 billion$2.8 billion
2007$11.2 billion$7.9 billion$3.2 billion
2008$12 billion$9.2 billion$2.8 billion
2009$8.1 billion$7.5 billion$621 million
2010$7.8 billion$7.3 billion$473 million
2011$8.9 billion$8.3 billion$646 million
2012$7.5 billion$7.2 billion$269 million
2013$8.8 billion$7.4 billion$1.4 billion
2014$8.7 billion$7.3 billion$1.4 billion
2015$7.7 billion$6.3 billion$1.4 billion
2016$7.7 billion$7.8 billion-$99 million
2017$8.9 billion$8 billion$932 million
2018$8.8 billion$8.7 billion$138 million
2019$8.4 billion$8.2 billion$146 million
2020$8 billion$7.3 billion$688 million
2021$10.8 billion$10.9 billion-$67 million
2022$11.2 billion$9.9 billion$1.3 billion
2023$10.5 billion$10.7 billion-$197 million
2024$10.4 billion$10.1 billion$341 million

What they sell each other

What Belgium sells to Spain

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

  1. Medicines in measured doses or retail packs$797 million · 7.6%
    3 thousand tonnes · Belgium’s destinations
  2. Tractors$476 million · 4.6%
    33 thousand tonnes · Belgium’s destinations
  3. Vaccines, blood and antisera$462 million · 4.4%
    964 tonnes · Belgium’s destinations
  4. Refined petroleum$387 million · 3.7%
    359 thousand tonnes · Belgium’s destinations
  5. Cars$259 million · 2.5%
    24 thousand tonnes · Belgium’s destinations
  6. Polyethylene$201 million · 1.9%
    126 thousand tonnes · Belgium’s destinations
  7. Frozen vegetables$180 million · 1.7%
    153 thousand tonnes
  8. Nitrogen heterocyclic compounds$180 million · 1.7%
    2 thousand tonnes
  9. Beer$179 million · 1.7%
    241 thousand tonnes · Belgium’s destinations
  10. Auto parts$174 million · 1.7%
    10 thousand tonnes · Belgium’s destinations

What Spain sells to Belgium

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

  1. Cars$1.7 billion · 16.4%
    142 thousand tonnes · Spain’s destinations
  2. Vaccines, blood and antisera$666 million · 6.6%
    349 tonnes · Spain’s destinations
  3. Trucks$450 million · 4.5%
    43 thousand tonnes · Spain’s destinations
  4. Industrial fatty acids and oils$306 million · 3%
    149 thousand tonnes
  5. Nitrogen heterocyclic compounds$295 million · 2.9%
    674 tonnes
  6. Refined petroleum$268 million · 2.7%
    420 thousand tonnes · Spain’s destinations
  7. Auto parts$214 million · 2.1%
    31 thousand tonnes · Spain’s destinations
  8. Medicines in measured doses or retail packs$206 million · 2%
    14 thousand tonnes · Spain’s destinations
  9. Unrefined copper$200 million · 2%
    33 thousand tonnes
  10. New tires$167 million · 1.7%
    31 thousand tonnes · Spain’s destinations

How it travels

Estimated sea route from Antwerp to Valencia.

The estimated sea route between Antwerp and Valencia is 1,824 nautical miles (3,377 km) long: ≈ 4–5.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Dover and Strait of Gibraltar.

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$16.4 billion · 80%
  2. Air$4.1 billion · 20%

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

How much each matters to the other

Spain was Belgium’s 8th largest trading partner (3% of its trade), and Belgium was Spain’s 10th (2%).

Spain in Belgium’s trade
2.6%
Spain’s rank among Belgium’s partners
8th
Belgium in Spain’s trade
2.5%
Belgium’s rank among Spain’s partners
10th

Compare with

Other partners of Belgium

Other partners of Spain

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.