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Pricing

2022
Flag → Flag
Exports $85.2MRnk 118 / 222
2022
Flag → Flag
Top Product $36.3MRefined Petroleum
2022
Flag → Flag
Exports $136MRnk 2 / 118
2022
Flag → Flag
Top Product $96.1MTitanium Ore
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
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 GDP$3.97BCURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP GROWTH4.78%CURRENT US$
Rnk 156 / 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$461CURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP PC GROWTH-17.3%CURRENT US$
Rnk 168 / 186

About

Belgium-Sierra Leone Trade: In 2022, Belgium exported $85.2M to Sierra Leone. The main products that Belgium exported to Sierra Leone were Refined Petroleum ($36.3M), Vaccines, blood, antisera, toxins and cultures ($26.4M), and Sauces and Seasonings ($4.92M). Over the past 5 years the exports of Belgium to Sierra Leone have increased at an annualized rate of 6.59%, from $61.9M in 2017 to $85.2M in 2022.

In 2022, Belgium did not export any services to Sierra Leone.

Sierra Leone-Belgium Trade: In 2022, Sierra Leone exported $136M to Belgium. The main products that Sierra Leone exported to Belgium were Titanium Ore ($96.1M), Diamonds ($37.3M), and Cocoa Beans ($2.77M). Over the past 5 years the exports of Sierra Leone to Belgium have increased at an annualized rate of 0.94%,  from $129M in 2017 to $136M in 2022.

In 2022, Sierra Leone 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, Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €4.02M and imported €1.79M from Sierra Leone, resulting in a positive trade balance of €2.24M. Between July 2023 and July 2024 the exports of Belgium have increased by €1.07M (36.1%) from €2.96M to €4.02M, while imports decreased by €-5.1M (-74%) from €6.88M to €1.79M.

Trade In July 2024, the top exports of Belgium to Sierra Leone were Pharmaceutical products (€3.37M), Machinery, mechanical appliances, & parts (€233k), Cars, tractors, trucks & parts thereof. (€224k), Mineral fuels, mineral oils and products... (€189k), and Preparations of vegetables, fruit, nuts or... (€99.3k). In July 2024 the top imports of Belgium from Sierra Leone were Ores, slag and ash (€27.6M), Precious stones, metals, & pearls (€87.4k), Cocoa & cocoa preparations (€4.28k), Coffee, tea, mate & spices (€901), and Copper articles (€179).

Growth In July 2024, the increase in Belgium's year-by-year exports to Sierra Leone was explained primarily by an increase in product exports in Pharmaceutical products (€3.2M or 1.91k%), Chemical products n.e.s. (€90.6k or 1.59k%), and Preparations of vegetables, fruit, nuts or... (€83.7k or 537%). In July 2024, the decrease in Belgium's year-by-year imports  from Sierra Leone was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-3.62M or -97.6%) and Books, newspapers, & other prints (€-98 or -51%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€1.07M(36.1%)
IMPORT GROWTH (July 2023 - July 2024)€-5.1M(-74%)

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 Sierra Leone and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sierra Leone and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $85.2M to Sierra Leone. The main products exported from Belgium to Sierra Leone were Refined Petroleum ($36.3M), Vaccines, blood, antisera, toxins and cultures ($26.4M), and Sauces and Seasonings ($4.92M). During the last 5 years the exports of Belgium to Sierra Leone have increased at an annualized rate of 6.59%, from $61.9M in 2017 to $85.2M in 2022.

In 2017, Sierra Leone exported $136M to Belgium. The main products exported from Sierra Leone to Belgium were Titanium Ore ($96.1M), Diamonds ($37.3M), and Cocoa Beans ($2.77M). During the last 5 years the exports of Sierra Leone to Belgium have increased at an annualized rate of 0.94%, from $129M in 2022 to $136M in 2017.

Exports from Belgium (Flag) to Sierra Leone (Flag) (2022)

Exports from Sierra Leone (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Sierra Leone
Top DestinationChina$622M

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

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

In 2022, no countries were registered that imported more from Sierra Leone than from Belgium.

Difference in imports from Sierra Leone (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Sierra Leone

Flow
Scale

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

During 2022, Belgium had a large net trade with Sierra Leone in the exports of Mineral Products ($36.4M), Chemical Products ($29.3M), and Foodstuffs ($6.63M).

During 2017, Sierra Leone had a large net trade with Belgium in the exports of Mineral Products ($96.1M), Precious Metals ($37.3M), and Foodstuffs ($2.77M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Sierra Leone+$1.55MCars
Top Product Potential Sierra Leone Belgium+$13.3MDiamonds

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

Product Space of Belgium (Flag) and Sierra Leone (Flag) (2022)

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