Belgium (BEL) and Zimbabwe (ZWE) Trade | OEC - The Observatory of Economic Complexity

About

Belgium-Zimbabwe In 2020, Belgium exported $18.1M to Zimbabwe. The main products that Belgium exported to Zimbabwe are Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc ($5.36M), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($2.36M), and Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors ($1.61M). During the last 21 years the exports of Belgium to Zimbabwe have decreased at an annualized rate of 0.54%, from $20.3M in 1999 to $18.1M in 2020.

In 2020, Belgium did not export any services to Zimbabwe.

Zimbabwe-Belgium In 2020, Zimbabwe exported $172M to Belgium . The main products that Zimbabwe exported to Belgium were Diamonds, whether or not worked, but not mounted or set ($161M), Tobacco, unmanufactured; tobacco refuse ($7.68M), and Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal ($1.35M). During the last 21 years the exports of Zimbabwe to Belgium have increased at an annualized rate of 7.4%, from $38.5M in 1999 to $172M in 2020.

In 2020, Zimbabwe did not export any services to Belgium.

Comparison In 2020, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B). That same year, Zimbabwe ranked 98 in the Economic Complexity Index (ECI -0.91), and 116 in total exports ($4.34B).

Latest Trends

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April, 2022

About

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Overview In April 2022 Belgium exported €2.25M and imported €8.22M from Zimbabwe, resulting in a negative trade balance of €5.97M. Between April 2021 and April 2022 the exports of Belgium have decreased by €-1.21M (-34.9%) from €3.45M to €2.25M, while imports decreased by €-1.45M (-15%) from €9.67M to €8.22M.

Trade In April 2022, the top exports of Belgium to Zimbabwe were Chemical products n.e.s. (€1.73M), Pharmaceutical products (€240k), Edible Animal By-Products (€127k), Optical, photographic, cinematographic, measuring, checking, medical... (€95.5k), and Plastics and articles thereof (€24.5k). In April 2022 the top imports of Belgium from Zimbabwe were Precious metals, gems and jewelry (€6.1M), Tobacco and manufactured tobacco substitutes (€2.07M), Coffee, tea, mate and spices (€33.9k), Salt; sulphur; earths, stone; plastering materials,... (€11k), and Furskins and artificial fur; manufactures thereof (€722).

Growth In April 2022, the decrease in Belgium's year-by-year exports to Zimbabwe was explained primarily by an decrease in product exports in Edible Animal By-Products (€-129k or -91.6%), Nuclear reactors, boilers, machinery and mechanical... (€-20.1k or -52%), and Optical, photographic, cinematographic, measuring, checking, medical... (€-4.38k or -49.8%). In April 2022, the decrease in Belgium's year-by-year imports from Zimbabwe was explained primarily by an decrease in product imports in Precious metals, gems and jewelry (€-6.29M or -100%) and Electrical machinery and equipment and parts... (€-4 or -20%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (April 2021 - April 2022): €-1.21M, (-34.9%)

IMPORT GROWTH (April 2021 - April 2022): €-1.45M, (-15%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2020, Belgium exported $18.1M to Zimbabwe. The main products exported from Belgium to Zimbabwe were Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc ($5.36M), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($2.36M), and Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors ($1.61M). During the last 21 years the exports of Belgium to Zimbabwe have decreased at an annualized rate of 0.54%, from $20.3M in 1999 to $18.1M in 2020.

In 2020, Zimbabwe exported $172M to Belgium. The main products exported from Zimbabwe to Belgium were Diamonds, whether or not worked, but not mounted or set ($161M), Tobacco, unmanufactured; tobacco refuse ($7.68M), and Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal compounds, of a kind uses principally for the recovery of precious metal ($1.35M). During the last 21 years the exports of Zimbabwe to Belgium have increased at an annualized rate of 7.4%, from $38.5M in 1999 to $172M in 2020.

Market Competitiveness

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Measure

SectionYear

Belgium
Top Destination: Germany, $45.7B

Zimbabwe
Top Destination: United Arab Emirates, $1.92B

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 2019, countries that imported more from Belgium than Zimbabwe were Germany ($45.7B), France ($44.4B), and Netherlands ($37.1B).

In 2019, countries that imported more from Zimbabwe than Belgium were Mozambique ($369M), Uganda ($331M), and Zambia ($71.5M).

Comparative Advantage Belgium - Zimbabwe

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Flow

Year

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

During 2020, Belgium had a large net trade with Zimbabwe in the exports of Chemical Products ($10.6M), Machines ($4.24M), and Instruments ($1.15M).

During 2020, Zimbabwe had a large net trade with Belgium in the exports of Precious Metals ($162M), Foodstuffs ($7.68M), and Vegetable Products ($732k).

Economic Complexity

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Competitive Landscape

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Year

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 Zimbabwe. Similarly, the more yellow a dot/product is, the more Zimbabwe has comparative advantage over Belgium.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Zimbabwe

Economic Complexity

Competitive Landscape

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