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Pricing

2022
Flag → Flag
Exports $3.76MRnk 176 / 222
2022
Flag → Flag
Top Product $1.06MMalt Extract
2022
Flag → Flag
Exports $2.92kRnk 73 / 95
2022
Flag → Flag
Top Product $845Audio Alarms
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$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 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$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Belgium-Somalia Trade: In 2022, Belgium exported $3.76M to Somalia. The main products that Belgium exported to Somalia were Malt Extract ($1.06M), Other Frozen Vegetables ($1.01M), and Used Clothing ($684k). Over the past 5 years the exports of Belgium to Somalia have increased at an annualized rate of 25.7%, from $1.2M in 2017 to $3.76M in 2022.

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

Somalia-Belgium Trade: In 2022, Somalia exported $2.92k to Belgium. The main products that Somalia exported to Belgium were Audio Alarms ($845), Non-Knit Women's Shirts ($688), and Mattresses ($372). Over the past 5 years the exports of Somalia to Belgium have decreased at an annualized rate of 41.6%,  from $73.6k in 2017 to $2.92k in 2022.

In 2022, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €450k and imported €33 from Somalia, resulting in a positive trade balance of €450k. Between July 2023 and July 2024 the exports of Belgium have increased by €231k (105%) from €219k to €450k, while imports decreased by €-2.75k (-98.8%) from €2.78k to €33.

Trade In July 2024, the top exports of Belgium to Somalia were Machinery, mechanical appliances, & parts (€133k), Food residues & wastes; animal fodder (€68.8k), Preparations of vegetables, fruit, nuts or... (€37k), Pharmaceutical products (€24k), and Optical, photo, & film equipment; medical... (€17.5k). In July 2024 the top imports of Belgium from Somalia were .

Growth In July 2024, the increase in Belgium's year-by-year exports to Somalia was explained primarily by an increase in product exports in Preparations of vegetables, fruit, nuts or... (€14.7k or 65.9%). In April 2024, the decrease in Belgium's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€231k(105%)
IMPORT GROWTH (April 2023 - April 2024)€-2.75k(-98.8%)

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 Somalia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $3.76M to Somalia. The main products exported from Belgium to Somalia were Malt Extract ($1.06M), Other Frozen Vegetables ($1.01M), and Used Clothing ($684k). During the last 5 years the exports of Belgium to Somalia have increased at an annualized rate of 25.7%, from $1.2M in 2017 to $3.76M in 2022.

In 2017, Somalia exported $2.92k to Belgium. The main products exported from Somalia to Belgium were Audio Alarms ($845), Non-Knit Women's Shirts ($688), and Mattresses ($372). During the last 5 years the exports of Somalia to Belgium have decreased at an annualized rate of 41.6%, from $73.6k in 2022 to $2.92k in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Somalia
Top DestinationUnited Arab Emirates$283M

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

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

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

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

Comparative Advantage Belgium - Somalia

Flow
Scale

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

During 2022, Belgium had a large net trade with Somalia in the exports of Foodstuffs ($2.23M), Textiles ($684k), and Animal Products ($276k).

During 2017, Somalia had a large net trade with Belgium in the exports of Textiles ($1.04k), Machines ($845), and Miscellaneous ($372).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Somalia+$404kConcentrated Milk
Top Product Potential Somalia Belgium+$3.87kGold

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

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

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