Belgium (BEL) and Saint Lucia (LCA) Trade | The Observatory of Economic Complexity

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Belgium-Saint Lucia Trade: In 2023, Belgium exported $2.53M to Saint Lucia. The main products that Belgium exported to Saint Lucia were Other Frozen Vegetables ($805k), Iron Structures ($381k), and Malt ($328k). Over the past 5 years the exports of Belgium to Saint Lucia have decreased at an annualized rate of 11.5%, from $4.66M in 2018 to $2.53M in 2023.

In 2023, Belgium did not export any services to Saint Lucia.

Saint Lucia-Belgium Trade: In 2023, Saint Lucia exported $10.2k to Belgium. The main products that Saint Lucia exported to Belgium were Other Processed Fruits and Nuts ($4.71k), Other Furniture ($2.42k), and Electrical Resistors ($1.71k). Over the past 5 years the exports of Saint Lucia to Belgium have decreased at an annualized rate of 42.9%, from $168k in 2018 to $10.2k in 2023.

In 2023, Saint Lucia 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, Saint Lucia ranked 199 in total exports ($67.7M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

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Overview In October 2024, Belgium exported €175k and imported €47 from Saint Lucia, resulting in a positive trade balance of €175k. Between October 2023 and October 2024 the exports of Belgium have increased by €7.76k (4.65%) from €167k to €175k, while imports decreased by €-1.2k (-96.2%) from €1.25k to €47.

Trade In October 2024, the top exports of Belgium to Saint Lucia were Pharmaceutical products (€225k), Preparations of vegetables, fruit, nuts or... (€88.6k), Cocoa & cocoa preparations (€6.26k), Sugars & confectioneries (€3.21k), and Machinery, mechanical appliances, & parts (€1.09k). In October 2024 the top imports of Belgium from Saint Lucia were .

Growth In October 2024, the increase in Belgium's year-by-year exports to Saint Lucia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€1.05k or 2.56k%). In July 2024, the decrease in Belgium's year-by-year imports from Saint Lucia was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $2.53M to Saint Lucia. The main products exported from Belgium to Saint Lucia were Other Frozen Vegetables ($805k), Iron Structures ($381k), and Malt ($328k). During the last 5 years the exports of Belgium to Saint Lucia have decreased at an annualized rate of 11.5%, from $4.66M in 2018 to $2.53M in 2023.

In 2018, Saint Lucia exported $10.2k to Belgium. The main products exported from Saint Lucia to Belgium were Other Processed Fruits and Nuts ($4.71k), Other Furniture ($2.42k), and Electrical Resistors ($1.71k). During the last 5 years the exports of Saint Lucia to Belgium have decreased at an annualized rate of 42.9%, from $168k in 2023 to $10.2k in 2018.

Exports from Belgium () to Saint Lucia () (2023)

Exports from Saint Lucia () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

Saint Lucia
Top DestinationGuyana$13.2M

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

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

In 2023, countries that imported more from Saint Lucia than Belgium included Dominica ($4.87M), Saint Vincent and the Grenadines ($3.29M), and Grenada ($3.57M).

Difference in imports from Saint Lucia () and Belgium () (2023)

Comparative Advantage Belgium - Saint Lucia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Belgium had a large net trade with Saint Lucia in the exports of Foodstuffs ($1.13M), Metals ($474k), and Vegetable Products ($381k).

During 2018, Saint Lucia had a large net trade with Belgium in the exports of Foodstuffs ($4.79k), Machines ($2.82k), and Miscellaneous ($2.42k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Belgium and Saint Lucia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Saint Lucia. Similarly, a dot/product with the flag of Saint Lucia indicates it has a comparative advantage over Belgium.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Saint Lucia () (2023)

Exports from Saint Lucia () to Belgium () (2023)

Market Competitiveness

Difference in imports from Saint Lucia () and Belgium () (2023)

Comparative Advantage Belgium - Saint Lucia

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Saint Lucia () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Saint Lucia () (2023)

Exports from Saint Lucia () to Belgium () (2023)

Market Competitiveness

Difference in imports from Saint Lucia () and Belgium () (2023)

Comparative Advantage Belgium - Saint Lucia

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Saint Lucia () (2023)

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