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2022
Flag → Flag
Exports $397MRnk 72 / 222
2022
Flag → Flag
Top Product $382MDiamonds
2022
Flag → Flag
Exports $1.55BRnk 2 / 129
2022
Flag → Flag
Top Product $1.55BDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.59Rnk 91 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$20.4BCURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP GROWTH46.3%CURRENT US$
Rnk 73 / 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$7,738CURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP PC GROWTH21%CURRENT US$
Rnk 82 / 186

About

Belgium-Botswana Trade: In 2022, Belgium exported $397M to Botswana. The main products that Belgium exported to Botswana were Diamonds ($382M), Vaccines, blood, antisera, toxins and cultures ($4.88M), and Other Plastic Products ($2.14M). Over the past 5 years the exports of Belgium to Botswana have increased at an annualized rate of 35.3%, from $87.5M in 2017 to $397M in 2022.

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

Botswana-Belgium Trade: In 2022, Botswana exported $1.55B to Belgium. The main products that Botswana exported to Belgium were Diamonds ($1.55B), Non-Iron and Steel Slag, Ash and Residues ($2.56M), and Centrifuges ($1.15M). Over the past 5 years the exports of Botswana to Belgium have increased at an annualized rate of 2.48%,  from $1.38B in 2017 to $1.55B in 2022.

In 2022, Botswana 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, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €3.45M and imported €40.5M from Botswana, resulting in a negative trade balance of €37.1M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-4.43M (-56.2%) from €7.88M to €3.45M, while imports decreased by €-39M (-49.1%) from €79.6M to €40.5M.

Trade In July 2024, the top exports of Belgium to Botswana were Precious stones, metals, & pearls (€16.3M), Pharmaceutical products (€815k), Optical, photo, & film equipment; medical... (€357k), Machinery, mechanical appliances, & parts (€75.8k), and Plastics & articles thereof (€67.8k). In July 2024 the top imports of Belgium from Botswana were Precious stones, metals, & pearls (€68.6M), Live trees, plants, bulbs, cut flowers,... (€30.1k), and Optical, photo, & film equipment; medical... (€15.7k).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Botswana was explained primarily by an decrease in product exports in Precious stones, metals, & pearls (€-26.4M or -61.8%) and Pharmaceutical products (€-6.43M or -88.8%). In July 2024, the decrease in Belgium's year-by-year imports  from Botswana was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-23.3M or -25.3%) and Live trees, plants, bulbs, cut flowers,... (€-16.3k or -35.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-4.43M(-56.2%)
IMPORT GROWTH (July 2023 - July 2024)€-39M(-49.1%)

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 Botswana and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Botswana and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $397M to Botswana. The main products exported from Belgium to Botswana were Diamonds ($382M), Vaccines, blood, antisera, toxins and cultures ($4.88M), and Other Plastic Products ($2.14M). During the last 5 years the exports of Belgium to Botswana have increased at an annualized rate of 35.3%, from $87.5M in 2017 to $397M in 2022.

In 2017, Botswana exported $1.55B to Belgium. The main products exported from Botswana to Belgium were Diamonds ($1.55B), Non-Iron and Steel Slag, Ash and Residues ($2.56M), and Centrifuges ($1.15M). During the last 5 years the exports of Botswana to Belgium have increased at an annualized rate of 2.48%, from $1.38B in 2022 to $1.55B in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Botswana
Top DestinationUnited Arab Emirates$2.31B

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

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

In 2022, countries that imported more from Botswana than Belgium included Namibia ($111M), Anguilla ($50M), and Zimbabwe ($62.6M).

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

Comparative Advantage Belgium - Botswana

Flow
Scale

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

During 2022, Belgium had a large net trade with Botswana in the exports of Precious Metals ($382M), Chemical Products ($7.52M), and Machines ($2.73M).

During 2017, Botswana had a large net trade with Belgium in the exports of Precious Metals ($1.55B), Mineral Products ($2.56M), and Machines ($1.16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Botswana+$2.19MPackaged Medicaments
Top Product Potential Botswana Belgium+$682kPrecious Metal Scraps

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

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

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