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Pricing

2022
Flag → Flag
Exports $145MRnk 99 / 222
2022
Flag → Flag
Top Product $31.5MCombustion Engines
2022
Flag → Flag
Exports $8.22MRnk 19 / 128
2022
Flag → Flag
Top Product $2.1MSoybeans
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Belgium-Benin Trade: In 2022, Belgium exported $145M to Benin. The main products that Belgium exported to Benin were Combustion Engines ($31.5M), Cars ($27M), and Vaccines, blood, antisera, toxins and cultures ($11M). Over the past 5 years the exports of Belgium to Benin have increased at an annualized rate of 12.7%, from $79.9M in 2017 to $145M in 2022.

In 2022, Belgium did not export any services to Benin.

Benin-Belgium Trade: In 2022, Benin exported $8.22M to Belgium. The main products that Benin exported to Belgium were Soybeans ($2.1M), Cranes ($1.11M), and Cellulose Fibers Paper ($1.03M). Over the past 5 years the exports of Benin to Belgium have decreased at an annualized rate of 0.86%,  from $8.58M in 2017 to $8.22M in 2022.

In 2022, Benin did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €4.25M and imported €1.04k from Benin, resulting in a positive trade balance of €4.24M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-3.81M (-47.3%) from €8.06M to €4.25M, while imports decreased by €-219k (-99.5%) from €220k to €1.04k.

Trade In July 2024, the top exports of Belgium to Benin were Cars, tractors, trucks & parts thereof. (€2.88M), Pharmaceutical products (€2.65M), Products of the milling industry (€860k), Edible products of animal origin, n.e.s. (€414k), and Used clothes & textile articles (€258k). In July 2024 the top imports of Belgium from Benin were Plastics & articles thereof (€16k), Paper articles (€12.2k), Pharmaceutical products (€1.63k), Feather articles, feathers, artificial flowers, &... (€501), and Live trees, plants, bulbs, cut flowers,... (€56).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Benin was explained primarily by an decrease in product exports in Pharmaceutical products (€-3.17M or -54.4%), Cars, tractors, trucks & parts thereof. (€-576k or -16.7%), and Mineral fuels, mineral oils and products... (€-275k or -84.9%). In July 2024, the decrease in Belgium's year-by-year imports  from Benin was explained primarily by an decrease in product imports  in Paper articles (€-6.88k or -36.1%) and Beverages, spirits, & vinegar (€-122 or -97.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-3.81M(-47.3%)
IMPORT GROWTH (July 2023 - July 2024)€-219k(-99.5%)

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 Benin and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $145M to Benin. The main products exported from Belgium to Benin were Combustion Engines ($31.5M), Cars ($27M), and Vaccines, blood, antisera, toxins and cultures ($11M). During the last 5 years the exports of Belgium to Benin have increased at an annualized rate of 12.7%, from $79.9M in 2017 to $145M in 2022.

In 2017, Benin exported $8.22M to Belgium. The main products exported from Benin to Belgium were Soybeans ($2.1M), Cranes ($1.11M), and Cellulose Fibers Paper ($1.03M). During the last 5 years the exports of Benin to Belgium have decreased at an annualized rate of 0.86%, from $8.58M in 2022 to $8.22M in 2017.

Exports from Belgium (Flag) to Benin (Flag) (2022)

Exports from Benin (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Belgium than Benin included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Benin than Belgium included Bangladesh ($406M) and Norfolk Island ($40.1k).

Difference in imports from Benin (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Benin

Flow
Scale

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

During 2022, Belgium had a large net trade with Benin in the exports of Machines ($45.2M), Transportation ($41.6M), and Chemical Products ($17.3M).

During 2017, Benin had a large net trade with Belgium in the exports of Vegetable Products ($2.74M), Machines ($2.47M), and Paper Goods ($1.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Benin+$11.9MRefined Petroleum
Top Product Potential Benin Belgium+$2.6MSoybeans

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 Benin. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Benin (Flag) (2022)

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