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Pricing

2023
Flag → Flag
Exports $13MRnk 160 / 220
2023
Flag → Flag
Top Product $4.93MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $139kRnk 37 / 92
2023
Flag → Flag
Top Product $136kScrap Copper
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$597CURRENT US$
Rnk 191 / 196
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195

About

Belgium-Somalia Trade: In 2023, Belgium exported $13M to Somalia. The main products that Belgium exported to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.93M), Malt Extract ($2.6M), and Other Frozen Vegetables ($1.4M). Over the past 5 years the exports of Belgium to Somalia have increased at an annualized rate of 49.6%, from $1.73M in 2018 to $13M in 2023.

In 2023, Belgium did not export any services to Somalia.

Somalia-Belgium Trade: In 2023, Somalia exported $139k to Belgium. The main products that Somalia exported to Belgium were Scrap Copper ($136k), Insect Resins ($3.01k), and Other live plants, cuttings and slips; mushroom spawn ($8). Over the past 5 years the exports of Somalia to Belgium have increased at an annualized rate of 25%,  from $45.5k in 2018 to $139k in 2023.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €352k and imported €282 from Somalia, resulting in a positive trade balance of €352k. Between October 2023 and October 2024 the exports of Belgium have decreased by €-798k (-69.4%) from €1.15M to €352k, while imports increased by €282 (N/A%) from €0 to €282.

Trade In October 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 October 2024 the top imports of Belgium from Somalia were .

Growth In October 2024, the decrease in Belgium's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In October 2024, the increase in Belgium's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-798k(-69.4%)
IMPORT GROWTH (October 2023 - October 2024)€282(N/A%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $13M to Somalia. The main products exported from Belgium to Somalia were Vaccines, blood, antisera, toxins and cultures ($4.93M), Malt Extract ($2.6M), and Other Frozen Vegetables ($1.4M). During the last 5 years the exports of Belgium to Somalia have increased at an annualized rate of 49.6%, from $1.73M in 2018 to $13M in 2023.

In 2018, Somalia exported $139k to Belgium. The main products exported from Somalia to Belgium were Scrap Copper ($136k), Insect Resins ($3.01k), and Other live plants, cuttings and slips; mushroom spawn ($8). During the last 5 years the exports of Somalia to Belgium have increased at an annualized rate of 25%, from $45.5k in 2023 to $139k in 2018.

Exports from Belgium (Flag) to Somalia (Flag) (2023)

Exports from Somalia (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Somalia
Top DestinationUnited Arab Emirates$360M

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

In 2023, countries that imported more from Somalia than Belgium included Djibouti ($84.2M).

Difference in imports from Somalia (Flag) and Belgium (Flag) (2023)

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 2023, Belgium had a large net trade with Somalia in the exports of Chemical Products ($5.09M), Foodstuffs ($4.37M), and Transportation ($1.04M).

During 2018, Somalia had a large net trade with Belgium in the exports of Metals ($136k), Vegetable Products ($3.02k), and Mineral Products ($1).

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) (2023)

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