Flag Bahamas / Belgium Flag

2020
FlagFlag
Exports
: $1.86M, Rnk 28 / 99

2020
FlagFlag
Top Product
: $1.79M, Refined Petroleum

2020
FlagFlag
Exports
: $5.17M, Rnk 168 / 218

2020
FlagFlag
Top Product
: $1.83M, Petroleum Gas

2020
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Economic Complexity (ECI)
: ECI 1.33, Rnk 17 / 127

2020
Flag  
GDP
: $9.91B, CURRENT US$
Rnk 144 / 195

2010-2020
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GDP GROWTH
: -1.86%, CURRENT US$
Rnk 161 / 195

2020
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 GDP
: $522B, CURRENT US$
Rnk 23 / 195

2010-2020
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GDP GROWTH
: 8.51%, CURRENT US$
Rnk 144 / 195

2020
Flag
GDP PC 
: $25,194, CURRENT US$
Rnk 38 / 195

2010-2020
Flag
GDP PC GROWTH
: -11.4%, CURRENT US$
Rnk 165 / 195

2020
Flag
GDP PC
: $45,159, CURRENT US$
Rnk 20 / 195

2010-2020
Flag
GDP PC GROWTH
: 2.3%, CURRENT US$
Rnk 128 / 195

Bahamas-Belgium In 2020, Bahamas exported $1.86M to Belgium. The main products that Bahamas exported to Belgium are Refined Petroleum ($1.79M), Paintings ($62.4k), and Electrical Transformers ($4.33k). During the last 21 years the exports of Bahamas to Belgium have decreased at an annualized rate of 5.24%, from $5.75M in 1999 to $1.86M in 2020.

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

Belgium-Bahamas In 2020, Belgium exported $5.17M to Bahamas. The main products that Belgium exported to Bahamas were Petroleum Gas ($1.83M), Other Frozen Vegetables ($599k), and Hand-Woven Rugs ($498k). During the last 21 years the exports of Belgium to Bahamas have decreased at an annualized rate of 3.12%, from $10.1M in 1999 to $5.17M in 2020.

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

Comparison In 2020,  Bahamas ranked 153 in total exports ($1.11B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Bahamas exported $1.86M to Belgium. The main products exported from Bahamas to Belgium were Refined Petroleum ($1.79M), Paintings ($62.4k), and Electrical Transformers ($4.33k). During the last 21 years the exports of Bahamas to Belgium have decreased at an annualized rate of 5.24%, from $5.75M in 1999 to $1.86M in 2020.

In 2020, Belgium exported $5.17M to Bahamas. The main products exported from Belgium to Bahamas were Petroleum Gas ($1.83M), Other Frozen Vegetables ($599k), and Hand-Woven Rugs ($498k). During the last 21 years the exports of Belgium to Bahamas have decreased at an annualized rate of 3.12%, from $10.1M in 1999 to $5.17M in 2020.

Belgium Exports

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Market Competitiveness

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Measure

Bahamas
Top Destination
: Singapore, $176M

Belgium
Top Destination
: Germany, $45.7B

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

In 2019, countries that imported more from Bahamas than Belgium were Bermuda ($8.58M).

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

Comparative Advantage Bahamas - Belgium

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Flow

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

During 2020, Bahamas had a large net trade with Belgium in the exports of Mineral Products ($1.79M), Arts and Antiques ($62.4k), and Machines ($5.35k).

During 2020, Belgium had a large net trade with Bahamas in the exports of Mineral Products ($1.88M), Chemical Products ($780k), and Foodstuffs ($779k).

Economic Complexity

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Competitive Landscape

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