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2023
Flag → Flag
Exports $57.6MRnk 129 / 220
2023
Flag → Flag
Top Product $29.6MRefined Petroleum
2023
Flag → Flag
Exports $279kRnk 27 / 113
2023
Flag → Flag
Top Product $124kFish Fillets
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$2.4BCURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP GROWTH74.2%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH35.8%CURRENT US$
Rnk 68 / 195

About

Belgium-Gambia Trade: In 2023, Belgium exported $57.6M to Gambia. The main products that Belgium exported to Gambia were Refined Petroleum ($29.6M), Vaccines, blood, antisera, toxins and cultures ($7.81M), and Cars ($3.55M). Over the past 5 years the exports of Belgium to Gambia have increased at an annualized rate of 18.5%, from $24.6M in 2018 to $57.6M in 2023.

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

Gambia-Belgium Trade: In 2023, Gambia exported $279k to Belgium. The main products that Gambia exported to Belgium were Fish Fillets ($124k), Garments of Impregnated Fabric ($56.2k), and Other Furniture ($49.3k). Over the past 5 years the exports of Gambia to Belgium have decreased at an annualized rate of 26%,  from $3.11M in 2018 to $279k in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €1.78M and imported €85.9k from Gambia, resulting in a positive trade balance of €1.7M. Between October 2023 and October 2024 the exports of Belgium have increased by €451k (33.9%) from €1.33M to €1.78M, while imports increased by €66.9k (351%) from €19k to €85.9k.

Trade In October 2024, the top exports of Belgium to Gambia were Pharmaceutical products (€558k), Cars, tractors, trucks & parts thereof. (€484k), Preparations of cereals, flour, starch or... (€150k), Meat & edible offal (€83.1k), and Iron/Steel Articles (€74.3k). In October 2024 the top imports of Belgium from Gambia were Inorganic chemicals (€85), Pharmaceutical products (€11), and Wood, wood articles, & charcoal (€9).

Growth In October 2024, the increase in Belgium's year-by-year exports to Gambia was explained primarily by an increase in product exports in Preparations of cereals, flour, starch or... (€131k or 703%), Iron/Steel Articles (€65.9k or 789%), and Electrical machinery and electronics (€36.9k or 813%). In September 2024, the increase in Belgium's year-by-year imports  from Gambia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€451k(33.9%)
IMPORT GROWTH (September 2023 - September 2024)€66.9k(351%)

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 Gambia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gambia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $57.6M to Gambia. The main products exported from Belgium to Gambia were Refined Petroleum ($29.6M), Vaccines, blood, antisera, toxins and cultures ($7.81M), and Cars ($3.55M). During the last 5 years the exports of Belgium to Gambia have increased at an annualized rate of 18.5%, from $24.6M in 2018 to $57.6M in 2023.

In 2018, Gambia exported $279k to Belgium. The main products exported from Gambia to Belgium were Fish Fillets ($124k), Garments of Impregnated Fabric ($56.2k), and Other Furniture ($49.3k). During the last 5 years the exports of Gambia to Belgium have decreased at an annualized rate of 26%, from $3.11M in 2023 to $279k in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Gambia
Top DestinationKazakhstan$2.91B

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

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

In 2023, countries that imported more from Gambia than Belgium included Kazakhstan ($2.91B) and Guinea-Bissau ($59.3M).

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

Comparative Advantage Belgium - Gambia

Flow
Scale

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

During 2023, Belgium had a large net trade with Gambia in the exports of Mineral Products ($29.6M), Chemical Products ($9.95M), and Transportation ($4.82M).

During 2018, Gambia had a large net trade with Belgium in the exports of Animal Products ($124k), Textiles ($56.3k), and Miscellaneous ($49.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Gambia+$1.16MCars
Top Product Potential Gambia Belgium+$81kVaccines, blood, antisera, toxins and cultures

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

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

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