Curaçao (CUW) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Curaçao-Belgium Trade: In 2022, Curaçao exported $11.1M to Belgium. The main products that Curaçao exported to Belgium were Refined Petroleum ($5.98M), Coal Tar Oil ($4.7M), and Recreational Boats ($208k). Over the past 5 years the exports of Curaçao to Belgium have increased at an annualized rate of 95.9%, from $386k in 2017 to $11.1M in 2022.

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

Belgium-Curaçao Trade: In 2022, Belgium exported $9.28M to Curaçao. The main products that Belgium exported to Curaçao were Rolled Tobacco ($745k), Milk ($679k), and Aluminium Bars ($658k). Over the past 5 years the exports of Belgium to Curaçao have increased at an annualized rate of 2.75%, from $7.67M in 2017 to $9.28M in 2022.

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

Comparison In 2022, Curaçao ranked 181 in total exports ($255M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Curaçao exported $11.1M to Belgium. The main products exported from Curaçao to Belgium were Refined Petroleum ($5.98M), Coal Tar Oil ($4.7M), and Recreational Boats ($208k). During the last 5 years the exports of Curaçao to Belgium have increased at an annualized rate of 95.9%, from $386k in 2017 to $11.1M in 2022.

In 2017, Belgium exported $9.28M to Curaçao. The main products exported from Belgium to Curaçao were Rolled Tobacco ($745k), Milk ($679k), and Aluminium Bars ($658k). During the last 5 years the exports of Belgium to Curaçao have increased at an annualized rate of 2.75%, from $7.67M in 2022 to $9.28M in 2017.

Exports from Curaçao () to Belgium () (2022)

Exports from Belgium () to Curaçao () (2022)

Latest Data

Trade between Curaçao () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Curaçao
Top DestinationUnited States$43.3M

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Curaçao than Belgium included Aruba ($15.7M), Grenada ($3.02M), and Montserrat ($620k).

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

Difference in imports from Belgium () and Curaçao () (2022)

Comparative Advantage Curaçao - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Curaçao had a large net trade with Belgium in the exports of Mineral Products ($10.7M), Transportation ($234k), and Machines ($210k).

During 2017, Belgium had a large net trade with Curaçao in the exports of Foodstuffs ($2.66M), Animal Products ($1.16M), and Metals ($1.11M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Curaçao and Belgium. This means that a dot/product with the flag of Curaçao indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Curaçao.

About

Historical Data

Bilateral Trade by Products

Exports from Curaçao () to Belgium () (2022)

Exports from Belgium () to Curaçao () (2022)

Latest Data

Trade between Curaçao () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Curaçao () (2022)

Comparative Advantage Curaçao - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Curaçao () and Belgium () (2022)

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