Belgium-Sweden Bilateral Trade Analysis 2023
Complete trade statistics: $17.26B total volume •Belgium surplus: $772.47M
Belgium → Sweden
$9.02B
Exports (2023)
Sweden → Belgium
$8.24B
Imports (2023)
Trade Balance
$772.47M
Surplus for Belgium
Total Trade
$17.26B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Belgium and Sweden. Green line shows exports from Belgium, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Belgium-Sweden commercial relationship and competitive positioning in global markets.
Belgium → Sweden Exports
Export Market Intelligence
🎯 Strategic Export Focus
Belgium's export portfolio to Sweden demonstrates strong diversification across multiple sectors, with vehicles: with only electric motor for propulsion representing a key competitive advantage in this bilateral market.
Sweden → Belgium Imports
Import Dependency Profile
📦 Import Strategy Analysis
Belgium's import pattern from Sweden reveals strategic sourcingin engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Belgium demonstrates competitive strength in exportingvehicles: with only electric motor for propulsion to Sweden, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $17.26B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Belgium-Sweden Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $17.26 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Belgium maintains a surplus of $772.47 million
- Export Focus: Belgium's primary exports include vehicles: with only electric motor for propulsion, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
- Import Dependencies: Key imports from Sweden include engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, vehicles: parts and accessories, of bodies, other than safety seat belts
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $17.26B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Belgium leveraging its comparative advantages in vehicles: with only electric motor for propulsion.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Belgium's specialization in vehicles: with only electric motor for propulsioncomplements Sweden's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $17.26B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $17.26B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $17.26 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in vehicles: with only electric motor for propulsion and engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Belgium's trade surplus of $772.47 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Belgium and Sweden represents a total trade volume of $17.26 billion in 2023. This partnership demonstrates a favorable trade balance for Belgium, with exports exceeding importsby $772.47 million.
Export Strengths
Belgium's exports to Sweden total $9.02 billion, with competitive advantages in vehicles: with only electric motor for propulsion, representing $1.68B or18.6% of bilateral exports.
Import Dependencies
Imports from Sweden amount to $8.24 billion, highlighting economic interdependence in engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87, with Engines: compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87 comprising9.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Belgium's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Belgium and Sweden in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023