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2023
Flag → Flag
Exports $3.2MRnk 179 / 220
2023
Flag → Flag
Top Product $1.65MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $295MRnk 2 / 105
2023
Flag → Flag
Top Product $295MDiamonds
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$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH-10.5%CURRENT US$
Rnk 181 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$916CURRENT US$
Rnk 180 / 196
2013-2023
Flag
GDP PC GROWTH-20.4%CURRENT US$
Rnk 179 / 195

About

Belgium-Lesotho Trade: In 2023, Belgium exported $3.2M to Lesotho. The main products that Belgium exported to Lesotho were Vaccines, blood, antisera, toxins and cultures ($1.65M), Malt Extract ($390k), and Packaged Medicaments ($307k). Over the past 5 years the exports of Belgium to Lesotho have increased at an annualized rate of 13.2%, from $1.72M in 2018 to $3.2M in 2023.

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

Lesotho-Belgium Trade: In 2023, Lesotho exported $295M to Belgium. The main products that Lesotho exported to Belgium were Diamonds ($295M), Cars ($10.8k), and High-voltage Protection Equipment ($1.51k). Over the past 5 years the exports of Lesotho to Belgium have increased at an annualized rate of 16.1%,  from $140M in 2018 to $295M in 2023.

In 2023, Lesotho 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, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €683k and imported €25.2M from Lesotho, resulting in a negative trade balance of €24.5M. Between October 2023 and October 2024 the exports of Belgium have increased by €257k (60.3%) from €426k to €683k, while imports increased by €887k (3.65%) from €24.3M to €25.2M.

Trade In October 2024, the top exports of Belgium to Lesotho were Pharmaceutical products (€284k), Food residues & wastes; animal fodder (€150k), Used clothes & textile articles (€26.6k), and Paper articles (€164). In October 2024 the top imports of Belgium from Lesotho were Precious stones, metals, & pearls (€37.3M) and Electrical machinery and electronics (€110).

Growth In October 2024, the increase in Belgium's year-by-year exports to Lesotho was explained primarily by an increase in product exports in . In October 2024, the increase in Belgium's year-by-year imports  from Lesotho was explained primarily by an increase in product imports  in Precious stones, metals, & pearls (€221k or 0.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€257k(60.3%)
IMPORT GROWTH (October 2023 - October 2024)€887k(3.65%)

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 Lesotho and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lesotho and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $3.2M to Lesotho. The main products exported from Belgium to Lesotho were Vaccines, blood, antisera, toxins and cultures ($1.65M), Malt Extract ($390k), and Packaged Medicaments ($307k). During the last 5 years the exports of Belgium to Lesotho have increased at an annualized rate of 13.2%, from $1.72M in 2018 to $3.2M in 2023.

In 2018, Lesotho exported $295M to Belgium. The main products exported from Lesotho to Belgium were Diamonds ($295M), Cars ($10.8k), and High-voltage Protection Equipment ($1.51k). During the last 5 years the exports of Lesotho to Belgium have increased at an annualized rate of 16.1%, from $140M in 2023 to $295M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Lesotho
Top DestinationSouth Africa$351M

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

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

In 2023, countries that imported more from Lesotho than Belgium included Eswatini ($7.34M).

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

Comparative Advantage Belgium - Lesotho

Flow
Scale

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

During 2023, Belgium had a large net trade with Lesotho in the exports of Chemical Products ($2M), Foodstuffs ($597k), and Textiles ($253k).

During 2018, Lesotho had a large net trade with Belgium in the exports of Precious Metals ($295M), Transportation ($10.8k), and Machines ($1.89k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Lesotho+$556kVaccines, blood, antisera, toxins and cultures
Top Product Potential Lesotho Belgium+$9.78kHigh-voltage Protection Equipment

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

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

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