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2023
Flag → Flag
Exports $436MRnk 64 / 220
2023
Flag → Flag
Top Product $135MRefined Petroleum
2023
Flag → Flag
Exports $1.04BRnk 10 / 157
2023
Flag → Flag
Top Product $990MDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.23Rnk 120 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$84.8BCURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP GROWTH-35.9%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$2,308CURRENT US$
Rnk 151 / 196
2013-2023
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GDP PC GROWTH-54.4%CURRENT US$
Rnk 194 / 195

About

Belgium-Angola Trade: In 2023, Belgium exported $436M to Angola. The main products that Belgium exported to Angola were Refined Petroleum ($135M), Cars ($20.2M), and Washing and Bottling Machines ($13.9M). Over the past 5 years the exports of Belgium to Angola have decreased at an annualized rate of 15.4%, from $1B in 2018 to $436M in 2023.

In 2023, Belgium did not export any services to Angola.

Angola-Belgium Trade: In 2023, Angola exported $1.04B to Belgium. The main products that Angola exported to Belgium were Diamonds ($990M), Petroleum Gas ($30M), and Work Trucks ($8.51M). Over the past 5 years the exports of Angola to Belgium have increased at an annualized rate of 16.4%,  from $487M in 2018 to $1.04B in 2023.

In 2023, Angola did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €13M and imported €38.8M from Angola, resulting in a negative trade balance of €25.8M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-42.3M (-76.5%) from €55.3M to €13M, while imports decreased by €-29.9M (-43.5%) from €68.7M to €38.8M.

Trade In October 2024, the top exports of Belgium to Angola were Cars, tractors, trucks & parts thereof. (€2.95M), Products of the milling industry (€2.23M), Machinery, mechanical appliances, & parts (€1.79M), Rubber & articles thereof (€1.72M), and Organic chemicals (€685k). In October 2024 the top imports of Belgium from Angola were Precious stones, metals, & pearls (€89.8M), Stone, plaster, cement, asbestos, mica. (€6.19k), Feather articles, feathers, artificial flowers, &... (€554), Machinery, mechanical appliances, & parts (€520), and Electrical machinery and electronics (€345).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Angola was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-61.6M or -99.5%), Miscellaneous edible preparations (€-477k or -45.1%), and Chemical products n.e.s. (€-32.5k or -11%). In October 2024, the decrease in Belgium's year-by-year imports  from Angola was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... (€-1.13k or -94.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-42.3M(-76.5%)
IMPORT GROWTH (October 2023 - October 2024)€-29.9M(-43.5%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Angola and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Angola and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $436M to Angola. The main products exported from Belgium to Angola were Refined Petroleum ($135M), Cars ($20.2M), and Washing and Bottling Machines ($13.9M). During the last 5 years the exports of Belgium to Angola have decreased at an annualized rate of 15.4%, from $1B in 2018 to $436M in 2023.

In 2018, Angola exported $1.04B to Belgium. The main products exported from Angola to Belgium were Diamonds ($990M), Petroleum Gas ($30M), and Work Trucks ($8.51M). During the last 5 years the exports of Angola to Belgium have increased at an annualized rate of 16.4%, from $487M in 2023 to $1.04B in 2018.

Exports from Belgium (Flag) to Angola (Flag) (2023)

Exports from Angola (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Angola
Top DestinationChina$17.1B

This map shows whether countries import more from Belgium or Angola. Each country is colored based on the difference in imports they receive from Belgium and Angola or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Angola included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Angola than Belgium included China ($17.1B), Republic of the Congo ($1.24B), and Indonesia ($1.07B).

Difference in imports from Angola (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Angola

Flow
Scale

This chart compares trade between Belgium and Angola by product, considering products traded by both, Belgium and Angola.

During 2023, Belgium had a large net trade with Angola in the exports of Mineral Products ($136M), Machines ($104M), and Chemical Products ($59.9M).

During 2018, Angola had a large net trade with Belgium in the exports of Precious Metals ($990M), Mineral Products ($31.6M), and Transportation ($11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Angola+$9.95MRefined Petroleum
Top Product Potential Angola Belgium+$22.8MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Angola. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Angola. Similarly, a dot/product with the flag of Angola indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Angola (Flag) (2023)

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