Did you know that in 2021 Belgium exported more vaccines than the US and China combined?

With over $19.6 billion USD in exports, Belgium became a juggernaut of vaccine trade. But China and the US are not too far behind. With nearly $9.4 billion and $4.9 billion in exports respectively, these three countries have become the global leaders in vaccine manufacturing.

Since the approval of the first COVID vaccine in November 2020, vaccine exports have grown 43,000% in China, 3,200% in Spain, 693% in Russia, 601% in the US, and 478% in Belgium.

Vaccine exports can also give us a peek at the geopolitics of international collaboration. Around 46% of Belgium's vaccine exports end in Europe, mainly in Germany ($3.4B) and the UK ($0.8B). But a significant portion of Belgium's vaccine exports has also gone to Asia (30%), especially to Japan ($1.9B).

Where does Belgium export vaccines to? (2021)

China's recent vaccine exports went primarily to Indonesia ($1.16B), Pakistan ($0.73B) and Turkey ($0.56B), whereas the US has also been supplying mostly North America (44%) and South America (30%), with Canada ($1.63B), and Brazil ($0.93B) as top destinations.

The pandemic is changing global trade and in more ways than we can imagine. Did you know that in August 2021, China out exported the US by more than 2 to 1? Or that in May 2020, China exported more than $10B USD worth of face masks? This is as large as China's cellphone exports in a good month!

Where do China and the US export vaccines to? (2021)

China
United States

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