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Pricing

2022
Flag → Flag
Exports $96.7MRnk 115 / 222
2022
Flag → Flag
Top Product $25.5MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $58.5MRnk 16 / 118
2022
Flag → Flag
Top Product $26.5MSawn Wood
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.99Rnk 112 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH22.7%CURRENT US$
Rnk 114 / 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$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH-5.65%CURRENT US$
Rnk 156 / 186

About

Belgium-Gabon Trade: In 2022, Belgium exported $96.7M to Gabon. The main products that Belgium exported to Gabon were Mixed Mineral or Chemical Fertilizers ($25.5M), Used Clothing ($9.41M), and Malt ($7.34M). Over the past 5 years the exports of Belgium to Gabon have increased at an annualized rate of 7.3%, from $68M in 2017 to $96.7M in 2022.

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

Gabon-Belgium Trade: In 2022, Gabon exported $58.5M to Belgium. The main products that Gabon exported to Belgium were Sawn Wood ($26.5M), Refined Petroleum ($8.66M), and Manganese Ore ($8.1M). Over the past 5 years the exports of Gabon to Belgium have decreased at an annualized rate of 6.63%,  from $82.4M in 2017 to $58.5M in 2022.

In 2022, Gabon 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, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €11.8M and imported €15.4M from Gabon, resulting in a negative trade balance of €3.61M. Between July 2023 and July 2024 the exports of Belgium have increased by €6.31M (115%) from €5.48M to €11.8M, while imports increased by €10.7M (226%) from €4.73M to €15.4M.

Trade In July 2024, the top exports of Belgium to Gabon were Fertilizers (€2.14M), Products of the milling industry (€1.44M), Used clothes & textile articles (€900k), Machinery, mechanical appliances, & parts (€880k), and Rubber & articles thereof (€293k). In July 2024 the top imports of Belgium from Gabon were Wood, wood articles, & charcoal (€4.09M), Electrical machinery and electronics (€1.87k), Optical, photo, & film equipment; medical... (€1.09k), Mineral fuels, mineral oils and products... (€1.04k), and Iron or steel articles (€305).

Growth In July 2024, the increase in Belgium's year-by-year exports to Gabon was explained primarily by an increase in product exports in Fertilizers (€814k or 61.3%), Used clothes & textile articles (€302k or 50.4%), and Rubber & articles thereof (€263k or 892%). In July 2024, the increase in Belgium's year-by-year imports  from Gabon was explained primarily by an increase in product imports  in Wood, wood articles, & charcoal (€741k or 22.1%) and Mineral fuels, mineral oils and products... (€949 or 1.09k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€6.31M(115%)
IMPORT GROWTH (July 2023 - July 2024)€10.7M(226%)

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 Gabon and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gabon and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $96.7M to Gabon. The main products exported from Belgium to Gabon were Mixed Mineral or Chemical Fertilizers ($25.5M), Used Clothing ($9.41M), and Malt ($7.34M). During the last 5 years the exports of Belgium to Gabon have increased at an annualized rate of 7.3%, from $68M in 2017 to $96.7M in 2022.

In 2017, Gabon exported $58.5M to Belgium. The main products exported from Gabon to Belgium were Sawn Wood ($26.5M), Refined Petroleum ($8.66M), and Manganese Ore ($8.1M). During the last 5 years the exports of Gabon to Belgium have decreased at an annualized rate of 6.63%, from $82.4M in 2022 to $58.5M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Gabon
Top DestinationChina$3.4B

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

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

In 2022, no countries were registered that imported more from Gabon than from Belgium.

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

Comparative Advantage Belgium - Gabon

Flow
Scale

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

During 2022, Belgium had a large net trade with Gabon in the exports of Chemical Products ($37.7M), Machines ($12.1M), and Textiles ($9.64M).

During 2017, Gabon had a large net trade with Belgium in the exports of Wood Products ($41.6M), Mineral Products ($16.8M), and Transportation ($35.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Gabon+$2.37MCars
Top Product Potential Gabon Belgium+$7.73MRefined Petroleum

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

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

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