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Trade between Belgium and Thailand

In 2024, Belgium exported $815 million to Thailand and imported $1 billion. Belgium ran a deficit of $211 million with Thailand, compared with a deficit of $293 million in 2019. Thailand was Belgium’s 43rd largest trading partner (0.2% of its trade), and Belgium was Thailand’s 36th (0.3%).

Summary

Belgium → Thailand
$815million
Thailand → Belgium
$1billion
Belgium’s balance
-$211million

Balance

Belgium’s trade balance with Thailand

Trade between Belgium and Thailand grew 16% since 1995

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

  • Exports 0.8
  • Imports 1
  • Balance -0.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$810 million$770 million$40 million
1996$737 million$809 million-$72 million
1997$531 million$1 billion-$478 million
1998$362 million$912 million-$550 million
1999$404 million$1 billion-$600 million
2000$472 million$1.4 billion-$882 million
2001$531 million$1.7 billion-$1.1 billion
2002$532 million$1.5 billion-$942 million
2003$524 million$1.5 billion-$998 million
2004$770 million$1.4 billion-$601 million
2005$672 million$1.6 billion-$893 million
2006$810 million$1.6 billion-$831 million
2007$760 million$1.9 billion-$1.2 billion
2008$1 billion$1.8 billion-$787 million
2009$653 million$1.5 billion-$805 million
2010$715 million$1 billion-$298 million
2011$1.1 billion$1.2 billion-$58 million
2012$899 million$1.2 billion-$338 million
2013$1.8 billion$1.2 billion$591 million
2014$1.1 billion$1.4 billion-$271 million
2015$866 million$1.3 billion-$441 million
2016$849 million$1.3 billion-$434 million
2017$1.2 billion$1.2 billion$2 million
2018$1.2 billion$1.3 billion-$31 million
2019$975 million$1.3 billion-$293 million
2020$789 million$1.1 billion-$281 million
2021$1.1 billion$1.4 billion-$308 million
2022$1 billion$1.4 billion-$346 million
2023$739 million$1.2 billion-$448 million
2024$815 million$1 billion-$211 million

What they sell each other

What Belgium sells to Thailand

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

  1. Catalysts$104 million · 12.8%
    691 tonnes
  2. Medicines in measured doses or retail packs$62 million · 7.7%
    626 tonnes · Belgium’s destinations
  3. Diamonds$56 million · 6.8%
    Belgium’s destinations
  4. Vaccines, blood and antisera$43 million · 5.3%
    61 tonnes · Belgium’s destinations
  5. Aluminum scrap$39 million · 4.8%
    28 thousand tonnes
  6. Microchips$33 million · 4%
    5 tonnes · Belgium’s destinations
  7. Pet and animal feed$21 million · 2.6%
    11 thousand tonnes
  8. Fuel and lubricant additives$20 million · 2.4%
    5 thousand tonnes
  9. Other plastic sheets$19 million · 2.4%
    4 thousand tonnes
  10. Mixed fertilizers$17 million · 2.1%
    31 thousand tonnes

What Thailand sells to Belgium

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

  1. Motorcycles$90 million · 8.8%
    5 thousand tonnes · Thailand’s destinations
  2. Microchips$80 million · 7.8%
    37 tonnes · Thailand’s destinations
  3. Computer and office machine parts$62 million · 6%
    243 tonnes
  4. Rubber gloves and clothing$49 million · 4.8%
    6 thousand tonnes
  5. Industrial fatty acids and oils$46 million · 4.5%
    48 thousand tonnes
  6. Spark-ignition engines$40 million · 3.9%
    2 thousand tonnes
  7. Diamonds$35 million · 3.4%
    Belgium’s sources
  8. Trucks$34 million · 3.3%
    3 thousand tonnes · Thailand’s destinations
  9. Auto parts$28 million · 2.8%
    3 thousand tonnes · Thailand’s destinations
  10. Rice$24 million · 2.4%
    31 thousand tonnes · Thailand’s destinations

How it travels

Estimated sea route from Antwerp to Laem Chabang.

The estimated sea route between Antwerp and Laem Chabang is 12,811 nautical miles (23,726 km) long: ≈ 29.5–38 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 (12,811 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 (9,365 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$1.1 billion · 61.3%
  2. Air$712 million · 38.7%

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

How much each matters to the other

Thailand was Belgium’s 43rd largest trading partner (0.2% of its trade), and Belgium was Thailand’s 36th (0.3%).

Thailand in Belgium’s trade
0.2%
Thailand’s rank among Belgium’s partners
43rd
Belgium in Thailand’s trade
0.3%
Belgium’s rank among Thailand’s partners
36th

Compare with

Other partners of Belgium

Other partners of Thailand

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.