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2023
Flag → Flag
Exports $127MRnk 103 / 220
2023
Flag → Flag
Top Product $10.6MHot-Rolled Iron Bars
2023
Flag → Flag
Exports $5.75MRnk 23 / 120
2023
Flag → Flag
Top Product $2.59MCellulose Fibers Paper
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 83 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH57.2%CURRENT US$
Rnk 59 / 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$1,394CURRENT US$
Rnk 168 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 104 / 195

About

Belgium-Benin Trade: In 2023, Belgium exported $127M to Benin. The main products that Belgium exported to Benin were Hot-Rolled Iron Bars ($10.6M), Cars ($10.5M), and Refined Petroleum ($8.98M). Over the past 5 years the exports of Belgium to Benin have decreased at an annualized rate of 1.67%, from $138M in 2018 to $127M in 2023.

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

Benin-Belgium Trade: In 2023, Benin exported $5.75M to Belgium. The main products that Benin exported to Belgium were Cellulose Fibers Paper ($2.59M), Electric Soldering Equipment ($546k), and Other Processed Fruits and Nuts ($475k). Over the past 5 years the exports of Benin to Belgium have decreased at an annualized rate of 15.7%,  from $13.5M in 2018 to $5.75M in 2023.

In 2023, Benin 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, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €6.64M and imported €11.2k from Benin, resulting in a positive trade balance of €6.63M. Between October 2023 and October 2024 the exports of Belgium have increased by €2.57M (63%) from €4.08M to €6.64M, while imports increased by €8.61k (336%) from €2.56k to €11.2k.

Trade In October 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 October 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 October 2024, the increase in Belgium's year-by-year exports to Benin was explained primarily by an increase in product exports in Products of the milling industry (€770k or 860%), Edible products of animal origin, n.e.s. (€315k or 320%), and Miscellaneous edible preparations (€143k or 1.58k%). In October 2024, the increase in Belgium's year-by-year imports  from Benin was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€2.57M(63%)
IMPORT GROWTH (October 2023 - October 2024)€8.61k(336%)

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 2023, Belgium exported $127M to Benin. The main products exported from Belgium to Benin were Hot-Rolled Iron Bars ($10.6M), Cars ($10.5M), and Refined Petroleum ($8.98M). During the last 5 years the exports of Belgium to Benin have decreased at an annualized rate of 1.67%, from $138M in 2018 to $127M in 2023.

In 2018, Benin exported $5.75M to Belgium. The main products exported from Benin to Belgium were Cellulose Fibers Paper ($2.59M), Electric Soldering Equipment ($546k), and Other Processed Fruits and Nuts ($475k). During the last 5 years the exports of Benin to Belgium have decreased at an annualized rate of 15.7%, from $13.5M in 2023 to $5.75M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Benin
Top DestinationUnited Arab Emirates$803M

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

In 2023, countries that imported more from Benin than Belgium included Bangladesh ($391M) and Chad ($36.7M).

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

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 2023, Belgium had a large net trade with Benin in the exports of Machines ($34.2M), Metals ($19.9M), and Transportation ($17.2M).

During 2018, Benin had a large net trade with Belgium in the exports of Paper Goods ($2.59M), Machines ($1.34M), and Vegetable Products ($587k).

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) (2023)

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