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Pricing

2022
Flag → Flag
Exports $31.3MRnk 140 / 222
2022
Flag → Flag
Top Product $6.66MLaboratory Reagents
2022
Flag → Flag
Exports $297MRnk 4 / 139
2022
Flag → Flag
Top Product $157MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.74Rnk 99 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$20.7BCURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP GROWTH20.8%CURRENT US$
Rnk 121 / 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$1,267CURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP PC GROWTH-1.8%CURRENT US$
Rnk 147 / 186

About

Belgium-Zimbabwe Trade: In 2022, Belgium exported $31.3M to Zimbabwe. The main products that Belgium exported to Zimbabwe were Laboratory Reagents ($6.66M), Packaged Medicaments ($5.31M), and Vaccines, blood, antisera, toxins and cultures ($4.78M). Over the past 5 years the exports of Belgium to Zimbabwe have increased at an annualized rate of 10.2%, from $19.3M in 2017 to $31.3M in 2022.

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

Zimbabwe-Belgium Trade: In 2022, Zimbabwe exported $297M to Belgium. The main products that Zimbabwe exported to Belgium were Diamonds ($157M), Raw Tobacco ($138M), and Building Stone ($574k). Over the past 5 years the exports of Zimbabwe to Belgium have increased at an annualized rate of 36.9%,  from $61.6M in 2017 to $297M in 2022.

In 2022, Zimbabwe 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, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €2.22M and imported €4.63M from Zimbabwe, resulting in a negative trade balance of €2.41M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-1.05M (-32.2%) from €3.28M to €2.22M, while imports increased by €827k (21.7%) from €3.81M to €4.63M.

Trade In August 2024, the top exports of Belgium to Zimbabwe were Pharmaceutical products (€4.75M), Machinery, mechanical appliances, & parts (€94.7k), Photo & movie goods (€18k), Plastics & articles thereof (€10.5k), and Chemical products n.e.s. (€5.62k). In August 2024 the top imports of Belgium from Zimbabwe were Precious stones, metals, & pearls (€9.37M), Tobacco & substitutes (€496k), Stone, plaster, cement, asbestos, mica. (€25.1k), Iron & steel (€7.77k), and Machinery, mechanical appliances, & parts (€515).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Zimbabwe was explained primarily by an decrease in product exports in Optical, photo, & film equipment; medical... (€-61.6k or -99.7%), Chemical products n.e.s. (€-36.1k or -86.5%), and Plastics & articles thereof (€-10.1k or -49.2%). In August 2024, the increase in Belgium's year-by-year imports  from Zimbabwe was explained primarily by an increase in product imports  in Precious stones, metals, & pearls (€3.53M or 60.5%) and Tobacco & substitutes (€146k or 41.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-1.05M(-32.2%)
IMPORT GROWTH (August 2023 - August 2024)€827k(21.7%)

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 Zimbabwe and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Zimbabwe and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $31.3M to Zimbabwe. The main products exported from Belgium to Zimbabwe were Laboratory Reagents ($6.66M), Packaged Medicaments ($5.31M), and Vaccines, blood, antisera, toxins and cultures ($4.78M). During the last 5 years the exports of Belgium to Zimbabwe have increased at an annualized rate of 10.2%, from $19.3M in 2017 to $31.3M in 2022.

In 2017, Zimbabwe exported $297M to Belgium. The main products exported from Zimbabwe to Belgium were Diamonds ($157M), Raw Tobacco ($138M), and Building Stone ($574k). During the last 5 years the exports of Zimbabwe to Belgium have increased at an annualized rate of 36.9%, from $61.6M in 2022 to $297M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

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

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

In 2022, countries that imported more from Zimbabwe than Belgium included United Arab Emirates ($4.78B), Lesotho ($67.2M), and Namibia ($28.6M).

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

Comparative Advantage Belgium - Zimbabwe

Flow
Scale

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

During 2022, Belgium had a large net trade with Zimbabwe in the exports of Chemical Products ($18.8M), Plastics and Rubbers ($4.76M), and Machines ($3.21M).

During 2017, Zimbabwe had a large net trade with Belgium in the exports of Precious Metals ($157M), Foodstuffs ($138M), and Stone And Glass ($574k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Zimbabwe+$4.54MVaccines, blood, antisera, toxins and cultures
Top Product Potential Zimbabwe Belgium+$6.6MRaw Tobacco

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

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

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