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2022
Flag → Flag
Exports $7.71MRnk 169 / 222
2022
Flag → Flag
Top Product $1.81MOther Frozen Vegetables
2022
Flag → Flag
Exports $30.3kRnk 57 / 112
2022
Flag → Flag
Top Product $27.1kCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 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$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186

About

Belgium-Bahamas Trade: In 2022, Belgium exported $7.71M to Bahamas. The main products that Belgium exported to Bahamas were Other Frozen Vegetables ($1.81M), Electric Batteries ($1.07M), and Malt ($615k). Over the past 5 years the exports of Belgium to Bahamas have increased at an annualized rate of 4.9%, from $6.07M in 2017 to $7.71M in 2022.

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

Bahamas-Belgium Trade: In 2022, Bahamas exported $30.3k to Belgium. The main products that Bahamas exported to Belgium were Crustaceans ($27.1k), Refined Petroleum ($1k), and Electrical Ignitions ($526). Over the past 5 years the exports of Bahamas to Belgium have decreased at an annualized rate of 64.1%,  from $5.09M in 2017 to $30.3k in 2022.

In 2022, Bahamas 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, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €285k and imported €158k from Bahamas, resulting in a positive trade balance of €127k. Between July 2023 and July 2024 the exports of Belgium have decreased by €-2.36k (-0.82%) from €287k to €285k, while imports increased by €147k (1.26k%) from €11.6k to €158k.

Trade In July 2024, the top exports of Belgium to Bahamas were Unclassified (€321k), Carpets & textile floor covers (€140k), Machinery, mechanical appliances, & parts (€97.8k), Electrical machinery and electronics (€59.6k), and Preparations of vegetables, fruit, nuts or... (€59.5k). In July 2024 the top imports of Belgium from Bahamas were Mineral fuels, mineral oils and products... (€175) and Optical, photo, & film equipment; medical... (€110).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Bahamas was explained primarily by an decrease in product exports in Furniture, bedding, lamps, & prefab buildings (€-24.5k or -45.1%) and Pharmaceutical products (€-3.97k or -22.5%). In July 2024, the increase in Belgium's year-by-year imports  from Bahamas was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-2.36k(-0.82%)
IMPORT GROWTH (July 2023 - July 2024)€147k(1.26k%)

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 Bahamas and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bahamas and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $7.71M to Bahamas. The main products exported from Belgium to Bahamas were Other Frozen Vegetables ($1.81M), Electric Batteries ($1.07M), and Malt ($615k). During the last 5 years the exports of Belgium to Bahamas have increased at an annualized rate of 4.9%, from $6.07M in 2017 to $7.71M in 2022.

In 2017, Bahamas exported $30.3k to Belgium. The main products exported from Bahamas to Belgium were Crustaceans ($27.1k), Refined Petroleum ($1k), and Electrical Ignitions ($526). During the last 5 years the exports of Bahamas to Belgium have decreased at an annualized rate of 64.1%, from $5.09M in 2022 to $30.3k in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Bahamas
Top DestinationUnited States$1.4B

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

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

In 2022, countries that imported more from Bahamas than Belgium included Barbados ($30M), Seychelles ($20.5M), and Bermuda ($3.41M).

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

Comparative Advantage Belgium - Bahamas

Flow
Scale

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

During 2022, Belgium had a large net trade with Bahamas in the exports of Foodstuffs ($1.98M), Machines ($1.4M), and Vegetable Products ($1.33M).

During 2017, Bahamas had a large net trade with Belgium in the exports of Animal Products ($27.1k), Mineral Products ($1k), and Machines ($668).

Economic Complexity

Competitive Landscape

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

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

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