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2023
Flag → Flag
Exports $330MRnk 74 / 220
2023
Flag → Flag
Top Product $139MRefined Petroleum
2023
Flag → Flag
Exports $160MRnk 11 / 129
2023
Flag → Flag
Top Product $91.6MSawn Wood
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.2Rnk 119 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$49.3BCURRENT US$
Rnk 91 / 195
2013-2023
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 82 / 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$1,737CURRENT US$
Rnk 161 / 196
2013-2023
Flag
GDP PC GROWTH10.2%CURRENT US$
Rnk 133 / 195

About

Belgium-Cameroon Trade: In 2023, Belgium exported $330M to Cameroon. The main products that Belgium exported to Cameroon were Refined Petroleum ($139M), Cars ($26.2M), and Used Clothing ($26M). Over the past 5 years the exports of Belgium to Cameroon have increased at an annualized rate of 6.56%, from $240M in 2018 to $330M in 2023.

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

Cameroon-Belgium Trade: In 2023, Cameroon exported $160M to Belgium. The main products that Cameroon exported to Belgium were Sawn Wood ($91.6M), Petroleum Gas ($54.4M), and Cocoa Beans ($5M). Over the past 5 years the exports of Cameroon to Belgium have decreased at an annualized rate of 3.46%,  from $191M in 2018 to $160M in 2023.

In 2023, Cameroon 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, Cameroon ranked 119 in the Economic Complexity Index (ECI -1.2), and 117 in total exports ($6.76B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €17.8M and imported €10.1M from Cameroon, resulting in a positive trade balance of €7.68M. Between October 2023 and October 2024 the exports of Belgium have increased by €3.95M (28.5%) from €13.9M to €17.8M, while imports decreased by €-10.1k (-0.1%) from €10.2M to €10.1M.

Trade In October 2024, the top exports of Belgium to Cameroon were Pharmaceutical products (€5.6M), Cars, tractors, trucks & parts thereof. (€2.82M), Used clothes & textile articles (€1.77M), Food residues & wastes; animal fodder (€1.6M), and Chemical products n.e.s. (€1.1M). In October 2024 the top imports of Belgium from Cameroon were Wood, wood articles, & charcoal (€10M), Rubber & articles thereof (€398k), Cocoa & cocoa preparations (€207k), Edible vegetables, roots, & tubers (€110k), and Edible fruits, nuts & fruit peels (€78.4k).

Growth In October 2024, the increase in Belgium's year-by-year exports to Cameroon was explained primarily by an increase in product exports in Pharmaceutical products (€2.82M or 101%), Food residues & wastes; animal fodder (€1.11M or 224%), and Chemical products n.e.s. (€984k or 837%). In October 2024, the decrease in Belgium's year-by-year imports  from Cameroon was explained primarily by an decrease in product imports  in Edible fruits, nuts & fruit peels (€-28.5k or -26.7%), Cocoa & cocoa preparations (€-9.54k or -4.4%), and Preparations of cereals, flour, starch or... (€-3.89k or -24.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€3.95M(28.5%)
IMPORT GROWTH (October 2023 - October 2024)€-10.1k(-0.1%)

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 Cameroon and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cameroon and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $330M to Cameroon. The main products exported from Belgium to Cameroon were Refined Petroleum ($139M), Cars ($26.2M), and Used Clothing ($26M). During the last 5 years the exports of Belgium to Cameroon have increased at an annualized rate of 6.56%, from $240M in 2018 to $330M in 2023.

In 2018, Cameroon exported $160M to Belgium. The main products exported from Cameroon to Belgium were Sawn Wood ($91.6M), Petroleum Gas ($54.4M), and Cocoa Beans ($5M). During the last 5 years the exports of Cameroon to Belgium have decreased at an annualized rate of 3.46%, from $191M in 2023 to $160M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Cameroon
Top DestinationNetherlands$1.44B

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

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

In 2023, countries that imported more from Cameroon than Belgium included Central African Republic ($115M).

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

Comparative Advantage Belgium - Cameroon

Flow
Scale

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

During 2023, Belgium had a large net trade with Cameroon in the exports of Mineral Products ($139M), Chemical Products ($38.6M), and Transportation ($36.8M).

During 2018, Cameroon had a large net trade with Belgium in the exports of Wood Products ($94.2M), Mineral Products ($54.5M), and Foodstuffs ($5.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Cameroon+$10.7MRefined Petroleum
Top Product Potential Cameroon Belgium+$80.5MPetroleum Gas

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

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

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