2023
Flag  
GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC 
$54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH
16.5%CURRENT US$
Rnk 113 / 195

About

Belgium-Norfolk Island Trade: In 2023, Belgium exported $17.2k to Norfolk Island. The main products that Belgium exported to Norfolk Island were Broadcasting Equipment ($9.45k), Broadcasting Accessories ($5.23k), and Other Furniture ($1.35k). Over the past 7 years the exports of Belgium to Norfolk Island have increased at an annualized rate of 43.4%, from $1.38k in 2016 to $17.2k in 2023.

In 2023, Belgium did not export any services to Norfolk Island.

Norfolk Island-Belgium In N/A, Norfolk Island did not export any products to Belgium.

In 2023, Norfolk Island 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, Norfolk Island ranked 223 in total exports ($2.11M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $17.2k to Norfolk Island. The main products exported from Belgium to Norfolk Island were Broadcasting Equipment ($9.45k), Broadcasting Accessories ($5.23k), and Other Furniture ($1.35k). During the last 7 years the exports of Belgium to Norfolk Island have increased at an annualized rate of 43.4%, from $1.38k in 2016 to $17.2k in 2023.

Norfolk Island does not register exports to Belgium. The main products exported from Norfolk Island to Belgium were Sowing Seeds ($192k).

Exports from Belgium (Flag) to Norfolk Island (Flag) (2023)

Exports from Norfolk Island (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top Destination
France$85.6B
Norfolk Island
Top Destination
United States$655k

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

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

In 2023, no countries were registered that imported more from Norfolk Island than from Belgium.

Difference in imports from Norfolk Island (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Norfolk Island

Flow
Scale

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

During 2023, Belgium had a large net trade with Norfolk Island in the exports of Machines ($15.9k) and Miscellaneous ($1.35k).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Norfolk Island (Flag) (2023)

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