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Pricing

2022
Flag → Flag
Exports $8.27MRnk 167 / 222
2022
Flag → Flag
Top Product $5.2MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $219MRnk 3 / 107
2022
Flag → Flag
Top Product $219MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH3.06%CURRENT US$
Rnk 158 / 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$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH-8.17%CURRENT US$
Rnk 160 / 186

About

Belgium-Lesotho Trade: In 2022, Belgium exported $8.27M to Lesotho. The main products that Belgium exported to Lesotho were Vaccines, blood, antisera, toxins and cultures ($5.2M), Looms ($1.1M), and Animal Food ($495k). Over the past 5 years the exports of Belgium to Lesotho have increased at an annualized rate of 23.7%, from $2.86M in 2017 to $8.27M in 2022.

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

Lesotho-Belgium Trade: In 2022, Lesotho exported $219M to Belgium. The main products that Lesotho exported to Belgium were Diamonds ($219M), Broadcasting Equipment ($26.4k), and High-voltage Protection Equipment ($6.39k). Over the past 5 years the exports of Lesotho to Belgium have decreased at an annualized rate of 5.03%,  from $298M in 2017 to $219M in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €59.9k and imported €23.1M from Lesotho, resulting in a negative trade balance of €23M. Between August 2023 and August 2024 the exports of Belgium have increased by €26.9k (81.7%) from €32.9k to €59.9k, while imports decreased by €-9.31M (-28.8%) from €32.4M to €23.1M.

Trade In August 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 August 2024 the top imports of Belgium from Lesotho were Precious stones, metals, & pearls (€37.3M) and Electrical machinery and electronics (€110).

Growth In August 2024, the increase in Belgium's year-by-year exports to Lesotho was explained primarily by an increase in product exports in . In August 2024, the decrease in Belgium's year-by-year imports  from Lesotho was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-190 or -63.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€26.9k(81.7%)
IMPORT GROWTH (August 2023 - August 2024)€-9.31M(-28.8%)

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 2022, Belgium exported $8.27M to Lesotho. The main products exported from Belgium to Lesotho were Vaccines, blood, antisera, toxins and cultures ($5.2M), Looms ($1.1M), and Animal Food ($495k). During the last 5 years the exports of Belgium to Lesotho have increased at an annualized rate of 23.7%, from $2.86M in 2017 to $8.27M in 2022.

In 2017, Lesotho exported $219M to Belgium. The main products exported from Lesotho to Belgium were Diamonds ($219M), Broadcasting Equipment ($26.4k), and High-voltage Protection Equipment ($6.39k). During the last 5 years the exports of Lesotho to Belgium have decreased at an annualized rate of 5.03%, from $298M in 2022 to $219M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Lesotho
Top DestinationSouth Africa$434M

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

In 2022, countries that imported more from Lesotho than Belgium included Eswatini ($11.3M).

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

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 2022, Belgium had a large net trade with Lesotho in the exports of Chemical Products ($5.94M), Machines ($1.2M), and Foodstuffs ($498k).

During 2017, Lesotho had a large net trade with Belgium in the exports of Precious Metals ($219M), Machines ($36.3k), and Stone And Glass ($4.03k).

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) (2022)

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