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Trade between Belgium and Ukraine

In 2024, Belgium exported $697 million to Ukraine and imported $806 million. Belgium ran a deficit of $110 million with Ukraine, compared with a deficit of $83 million in 2019. Ukraine was Belgium’s 48th largest trading partner (0.2% of its trade), and Belgium was Ukraine’s 20th (1%).

Summary

Belgium → Ukraine
$697million
Ukraine → Belgium
$806million
Belgium’s balance
-$110million

Balance

Belgium’s trade balance with Ukraine

Trade between Belgium and Ukraine grew 7.4-fold since 1995

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

  • Exports 697
  • Imports 806
  • Balance -110

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$138 million$64 million$74 million
1996$184 million$105 million$79 million
1997$195 million$108 million$87 million
1998$181 million$107 million$75 million
1999$173 million$178 million-$5 million
2000$170 million$129 million$41 million
2001$175 million$110 million$65 million
2002$225 million$148 million$77 million
2003$281 million$167 million$114 million
2004$346 million$308 million$37 million
2005$389 million$260 million$130 million
2006$483 million$275 million$208 million
2007$672 million$247 million$425 million
2008$854 million$413 million$441 million
2009$491 million$302 million$189 million
2010$594 million$361 million$232 million
2011$697 million$483 million$214 million
2012$725 million$453 million$272 million
2013$790 million$391 million$399 million
2014$565 million$426 million$139 million
2015$374 million$321 million$54 million
2016$457 million$266 million$191 million
2017$522 million$447 million$75 million
2018$584 million$589 million-$6 million
2019$549 million$632 million-$83 million
2020$536 million$544 million-$8 million
2021$721 million$656 million$65 million
2022$545 million$481 million$65 million
2023$654 million$388 million$266 million
2024$697 million$806 million-$110 million

What they sell each other

What Belgium sells to Ukraine

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

  1. Tractors$62 million · 8.9%
    8 thousand tonnes · Belgium’s destinations
  2. Electricity$45 million · 6.4%
    Belgium’s destinations
  3. 272 tonnes · Belgium’s destinations
  4. Pesticides and herbicides$36 million · 5.1%
    7 thousand tonnes
  5. Refined petroleum$34 million · 4.9%
    15 thousand tonnes · Belgium’s destinations
  6. Cars$31 million · 4.5%
    2 thousand tonnes · Belgium’s destinations
  7. 2 thousand tonnes
  8. Vaccines, blood and antisera$18 million · 2.6%
    40 tonnes · Belgium’s destinations
  9. Chocolate$17 million · 2.4%
    2 thousand tonnes · Belgium’s destinations
  10. Organosulfur compounds$15 million · 2.1%
    5 thousand tonnes

What Ukraine sells to Belgium

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

  1. Rapeseed (canola)$429 million · 53.2%
    993 thousand tonnes · Ukraine’s destinations
  2. Corn$82 million · 10.2%
    512 thousand tonnes · Ukraine’s destinations
  3. Electricity$40 million · 5%
    Belgium’s sources
  4. Rapeseed and mustard oil$35 million · 4.3%
    39 thousand tonnes
  5. Lamps and light fittings$23 million · 2.8%
    901 tonnes
  6. Seats and chairs$19 million · 2.4%
    4 thousand tonnes
  7. 21 thousand tonnes
  8. Coal tar$12 million · 1.5%
    34 thousand tonnes
  9. Natural honey$12 million · 1.4%
    7 thousand tonnes
  10. Sawn wood$9 million · 1.2%
    32 thousand tonnes

How it travels

Estimated sea route from Antwerp to Odesa.

The estimated sea route between Antwerp and Odesa is 3,636 nautical miles (6,733 km) long: ≈ 8.5–11 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Dover, Strait of Gibraltar, Dardanelles and Bosporus.

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$1.4 billion · 92.8%
  2. Air$108 million · 7.2%

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

How much each matters to the other

Ukraine was Belgium’s 48th largest trading partner (0.2% of its trade), and Belgium was Ukraine’s 20th (1%).

Ukraine in Belgium’s trade
0.2%
Ukraine’s rank among Belgium’s partners
48th
Belgium in Ukraine’s trade
1.3%
Belgium’s rank among Ukraine’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.