2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
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About

Belgium-Curaçao In 2022, Belgium exported $9.28M to Curaçao. The main products that Belgium exported to Curaçao are Rolled Tobacco ($745k), Milk ($679k), and Aluminium Bars ($658k). During the last 11 years the exports of Belgium to Curaçao have decreased at an annualized rate of 2.89%, from $12.8M in 2011 to $9.28M in 2022.

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

Curaçao-Belgium In 2022, Curaçao exported $11.1M to Belgium. The main products that Curaçao exported to Belgium were Refined Petroleum ($5.98M), Coal Tar Oil ($4.7M), and Recreational Boats ($208k). During the last 11 years the exports of Curaçao to Belgium have decreased at an annualized rate of 9.63%, from $33.9M in 2011 to $11.1M in 2022.

In 2022, Curaçao 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, Curaçao ranked 181 in total exports ($255M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $9.28M to Curaçao. The main products exported from Belgium to Curaçao were Rolled Tobacco ($745k), Milk ($679k), and Aluminium Bars ($658k). During the last 11 years the exports of Belgium to Curaçao have decreased at an annualized rate of 2.89%, from $12.8M in 2011 to $9.28M in 2022.

In 2022, Curaçao exported $11.1M to Belgium. The main products exported from Curaçao to Belgium were Refined Petroleum ($5.98M), Coal Tar Oil ($4.7M), and Recreational Boats ($208k). During the last 11 years the exports of Curaçao to Belgium have decreased at an annualized rate of 9.63%, from $33.9M in 2011 to $11.1M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Curaçao
Top Destination
United States$43.3M

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

In 2021, countries that imported more from Belgium than Curaçao were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Curaçao than Belgium were Aruba ($15.7M), Grenada ($3.02M), and Montserrat ($620k).

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

Comparative Advantage Belgium - Curaçao

Flow
Scale

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

During 2022, Belgium had a large net trade with Curaçao in the exports of Foodstuffs ($2.66M), Animal Products ($1.16M), and Metals ($1.11M).

During 2022, Curaçao had a large net trade with Belgium in the exports of Mineral Products ($10.7M), Transportation ($234k), and Machines ($210k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Curaçao. Similarly, the more yellow a dot/product is, the more Curaçao has comparative advantage over Belgium.

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

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