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Trade between Belgium and Taiwan

In 2024, Belgium exported $1.1 billion to Taiwan and imported $1.5 billion. Belgium ran a deficit of $329 million with Taiwan, compared with a deficit of $355 million in 2019. Taiwan was Belgium’s 40th largest trading partner (0.3% of its trade), and Belgium was Taiwan’s 33rd (0.3%).

Summary

Belgium → Taiwan
$1.1billion
Taiwan → Belgium
$1.5billion
Belgium’s balance
-$329million

Balance

Belgium’s trade balance with Taiwan

Trade between Belgium and Taiwan grew 2.3-fold since 1995

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

  • Exports 1.1
  • Imports 1.5
  • Balance -0.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$723 million$394 million$329 million
1996$521 million$428 million$93 million
1997$661 million$700 million-$39 million
1998$566 million$943 million-$377 million
1999$544 million$775 million-$231 million
2000$570 million$954 million-$384 million
2001$553 million$858 million-$305 million
2002$512 million$668 million-$156 million
2003$500 million$804 million-$303 million
2004$560 million$1 billion-$468 million
2005$646 million$1.1 billion-$411 million
2006$631 million$991 million-$361 million
2007$596 million$1.3 billion-$712 million
2008$644 million$1.3 billion-$643 million
2009$577 million$825 million-$248 million
2010$735 million$651 million$84 million
2011$898 million$762 million$136 million
2012$740 million$725 million$15 million
2013$760 million$726 million$34 million
2014$659 million$779 million-$120 million
2015$612 million$684 million-$72 million
2016$528 million$829 million-$301 million
2017$632 million$964 million-$332 million
2018$595 million$931 million-$336 million
2019$664 million$1 billion-$355 million
2020$792 million$1.1 billion-$277 million
2021$804 million$1.6 billion-$806 million
2022$1 billion$2.1 billion-$1 billion
2023$942 million$1.9 billion-$927 million
2024$1.1 billion$1.5 billion-$329 million

What they sell each other

What Belgium sells to Taiwan

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

  1. Cars$256 million · 22.9%
    15 thousand tonnes · Belgium’s destinations
  2. Refined petroleum$196 million · 17.5%
    337 thousand tonnes · Belgium’s destinations
  3. Medicines in measured doses or retail packs$109 million · 9.7%
    538 tonnes · Belgium’s destinations
  4. Vaccines, blood and antisera$102 million · 9.1%
    66 tonnes · Belgium’s destinations
  5. Other industrial machines$27 million · 2.4%
    114 tonnes
  6. Metal presses and forging machines$24 million · 2.1%
    140 tonnes
  7. Frozen vegetables$15 million · 1.3%
    8 thousand tonnes
  8. Microchips$13 million · 1.2%
    4 tonnes · Belgium’s destinations
  9. Copper foil$12 million · 1.1%
    58 tonnes
  10. Machining centers$12 million · 1%
    80 tonnes

What Taiwan sells to Belgium

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

  1. Microchips$421 million · 29%
    275 tonnes · Taiwan’s destinations
  2. Cold-rolled flat steel$111 million · 7.6%
    166 thousand tonnes
  3. Hot-rolled flat steel$69 million · 4.8%
    113 thousand tonnes
  4. Cameras and broadcast equipment$68 million · 4.7%
    318 tonnes
  5. Coated flat steel$39 million · 2.7%
    76 thousand tonnes
  6. Slag and ash with metals$39 million · 2.7%
    4 thousand tonnes
  7. Silicon wafers for electronics$31 million · 2.2%
    8 tonnes
  8. Computers$31 million · 2.2%
    94 tonnes · Taiwan’s destinations
  9. Auto parts$27 million · 1.9%
    3 thousand tonnes · Taiwan’s destinations
  10. Computer and office machine parts$25 million · 1.7%
    96 tonnes

How it travels

Estimated sea route from Antwerp to Kaohsiung.

The estimated sea route between Antwerp and Kaohsiung is 13,627 nautical miles (25,238 km) long: ≈ 31.5–40.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (13,627 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (10,188 nautical miles).

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$1.3 billion · 51.9%
  2. Air$1.2 billion · 48.1%

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

How much each matters to the other

Taiwan was Belgium’s 40th largest trading partner (0.3% of its trade), and Belgium was Taiwan’s 33rd (0.3%).

Taiwan in Belgium’s trade
0.3%
Taiwan’s rank among Belgium’s partners
40th
Belgium in Taiwan’s trade
0.3%
Belgium’s rank among Taiwan’s partners
33rd

Compare with

Other partners of Belgium

Other partners of Taiwan

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.