Flag Belgium-Luxembourg / Senegal Flag

Exports FlagFlag  (2018): $742M, Rnk 53 / 213

Top Product FlagFlag (2018): $439M, Refined Petroleum

Exports FlagFlag (2018): $67.8M, Rnk 18 / 147

Top Product FlagFlag (2018): $22M, Refined Petroleum

Economic Complexity of Flag (2018): ECI -0.51, Rnk 88 / 137

Belgium-Luxembourg-Senegal: In 2018, Belgium-Luxembourg exported $742M to Senegal. The main products exported from Belgium-Luxembourg to Senegal were Refined Petroleum ($439M), Cars ($55.1M), and Delivery Trucks ($21.5M). During the last 23 years the exports of Belgium-Luxembourg to Senegal have increased at an annualized rate of 10.8%, from $70M in 1995 to $742M in 2018.

Senegal-Belgium-Luxembourg: In 2018, Senegal exported $67.8M to Belgium-Luxembourg. The main products exported from Senegal to Belgium-Luxembourg were Refined Petroleum ($22M), Non-fillet Frozen Fish ($5.61M), and Titanium Ore ($5.38M). During the last 23 years the exports of Senegal to Belgium-Luxembourg have increased at an annualized rate of 8.62%, from $10.1M in 1995 to $67.8M in 2018.

Comparison: In 2018, Belgium-Luxembourg ranked 10 in total exports ($442B), and does not have data regarding Economic Complexity Index. That same year, Senegal ranked 88 in the Economic Complexity Index (ECI -0.51), and 120 in total exports ($3.89B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Belgium-Luxembourg exported $742M to Senegal. The main products exported from Belgium-Luxembourg to Senegal were Refined Petroleum ($439M), Cars ($55.1M), and Delivery Trucks ($21.5M). During the last 23 years the exports of Belgium-Luxembourg to Senegal have increased at an annualized rate of 10.8%, from $70M in 1995 to $742M in 2018.

In 2018, Senegal exported $67.8M to Belgium-Luxembourg. The main products exported from Senegal to Belgium-Luxembourg were Refined Petroleum ($22M), Non-fillet Frozen Fish ($5.61M), and Titanium Ore ($5.38M). During the last 23 years the exports of Senegal to Belgium-Luxembourg have increased at an annualized rate of 8.62%, from $10.1M in 1995 to $67.8M in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Senegal
Top Destination
: Mali, $699M

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

In 2018, countries that imported more from Belgium-Luxembourg than Senegal were Germany ($77.4B), France ($62.3B), and Netherlands ($57.5B).

In 2018, countries that imported more from Senegal than Belgium-Luxembourg were Mali ($699M), Gambia ($100M), and Guinea-Bissau ($68.3M).

Comparative Advantage Belgium-Luxembourg - Senegal

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Depth

This chart compares trade between Belgium-Luxembourg and Senegal by product, considering products traded by both, Belgium-Luxembourg and Senegal.

During 2018, Belgium-Luxembourg had a large net trade with Senegal in the exports of Mineral Products ($440M), Transportation ($108M), and Machines ($66.7M).

During 2018, Senegal had a large net trade with Belgium-Luxembourg in the exports of Mineral Products ($36.8M), Animal Products ($9.13M), and Vegetable Products ($6.56M).

Trade Forecasts

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This section shows a forecast for total trade between Belgium-Luxembourg and Senegal. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Belgium-Luxembourg has comparative advantage over Senegal. Similarly, the more red a dot/product is, the more Senegal has comparative advantage over Belgium-Luxembourg.