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2022
Flag → Flag
Exports $877MRnk 48 / 222
2022
Flag → Flag
Top Product $669MRefined Petroleum
2022
Flag → Flag
Exports $54.5MRnk 22 / 160
2022
Flag → Flag
Top Product $13.6MTanks and Armored vehicles
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -0.48Rnk 83 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
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GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$1,599CURRENT US$
Rnk 154 / 186
2012-2022
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GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Belgium-Senegal In 2022, Belgium exported $877M to Senegal. The main products that Belgium exported to Senegal are Refined Petroleum ($669M), Cars ($34.9M), and Delivery Trucks ($15.9M). During the last 23 years the exports of Belgium to Senegal have increased at an annualized rate of 11.4%, from $72.8M in 1999 to $877M in 2022.

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

Senegal-Belgium In 2022, Senegal exported $54.5M to Belgium. The main products that Senegal exported to Belgium were Tanks and Armored vehicles ($13.6M), Scrap Copper ($6.82M), and Calcium Phosphates ($5.95M). During the last 23 years the exports of Senegal to Belgium have increased at an annualized rate of 5.66%, from $15.4M in 1999 to $54.5M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Senegal ranked 83 in the Economic Complexity Index (ECI -0.48), and 120 in total exports ($6.2B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €32.9M and imported €1.23M from Senegal, resulting in a positive trade balance of €31.7M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-29.7M (-47.4%) from €62.7M to €32.9M, while imports increased by €648k (111%) from €582k to €1.23M.

Trade In December 2023, the top exports of Belgium to Senegal were Mineral fuels, mineral oils and products... (€8.41M), Cars, tractors, trucks & parts thereof. (€4.01M), Machinery, mechanical appliances, & parts (€1.93M), Copper articles (€1.4M), and Preparations of cereals, flour, starch or... (€817k). In December 2023 the top imports of Belgium from Senegal were Copper articles (€1.65M), Salt, sulphur, cement, lime, stone, &... (€94.1k), Edible vegetables, roots, & tubers (€35k), Ores, slag and ash (€11.5k), and Electrical machinery and electronics (€1.08k).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Senegal was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-159M or -95%), Plastics & articles thereof (€-635k or -68.5%), and Chemical products n.e.s. (€-432k or -55%). In December 2023, the increase in Belgium's year-by-year imports  from Senegal was explained primarily by an increase in product imports  in Copper articles (€1.35M or 448%) and Edible vegetables, roots, & tubers (€19.2k or 121%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-29.7M(-47.4%)
IMPORT GROWTH (December 2022 - December 2023)€648k(111%)

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 Senegal and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $877M to Senegal. The main products exported from Belgium to Senegal were Refined Petroleum ($669M), Cars ($34.9M), and Delivery Trucks ($15.9M). During the last 23 years the exports of Belgium to Senegal have increased at an annualized rate of 11.4%, from $72.8M in 1999 to $877M in 2022.

In 2022, Senegal exported $54.5M to Belgium. The main products exported from Senegal to Belgium were Tanks and Armored vehicles ($13.6M), Scrap Copper ($6.82M), and Calcium Phosphates ($5.95M). During the last 23 years the exports of Senegal to Belgium have increased at an annualized rate of 5.66%, from $15.4M in 1999 to $54.5M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Senegal
Top DestinationMali$1.13B

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

In 2021, countries that imported more from Belgium than Senegal were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Senegal than Belgium were Mali ($1.13B), Gambia ($177M), and Guinea-Bissau ($88.4M).

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

Comparative Advantage Belgium - Senegal

Flow
Scale

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

During 2022, Belgium had a large net trade with Senegal in the exports of Mineral Products ($670M), Transportation ($60.3M), and Chemical Products ($36.6M).

During 2022, Senegal had a large net trade with Belgium in the exports of Mineral Products ($15.9M), Transportation ($14.1M), and Metals ($12.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Senegal. Similarly, the more yellow a dot/product is, the more Senegal has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Senegal (Flag) (2022)

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