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Pricing

2022
Flag → Flag
Exports $9.28MRnk 165 / 222
2022
Flag → Flag
Top Product $745kRolled Tobacco
2022
Flag → Flag
Exports $11.1MRnk 7 / 84
2022
Flag → Flag
Top Product $5.98MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

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 17 in the Economic Complexity Index (ECI 1.28),  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.

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €667k and imported €192 from Curaçao, resulting in a positive trade balance of €667k. Between December 2022 and December 2023 the exports of Belgium have increased by €31k (4.87%) from €636k to €667k, while imports decreased by €-10.1k (-98.1%) from €10.3k to €192.

Trade In December 2023, the top exports of Belgium to Curaçao were Plastics & articles thereof (€163k), Preparations of vegetables, fruit, nuts or... (€145k), Tobacco & substitutes (€135k), Edible products of animal origin, n.e.s. (€62.3k), and Glass & glassware (€44.2k). In December 2023 the top imports of Belgium from Curaçao were Cars, tractors, trucks & parts thereof. (€15k), Pharmaceutical products (€318), and Mineral fuels, mineral oils and products... (€0).

Growth In December 2023, the increase in Belgium's year-by-year exports to Curaçao was explained primarily by an increase in product exports in Plastics & articles thereof (€154k or 1.63k%), Glass & glassware (€44.1k or 36.8k%), and Miscellaneous metal products (€31.1k or 2.61k%). In December 2023, the decrease in Belgium's year-by-year imports  from Curaçao was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€31k(4.87%)
IMPORT GROWTH (December 2022 - December 2023)€-10.1k(-98.1%)

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 Curaçao and Belgium trade dynamics, check the bilateral page.

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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 DestinationGermany$91.9B
Curaçao
Top DestinationUnited 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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