2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186

About

Belgium-South Africa Trade: In 2022, Belgium exported $1.54B to South Africa. The main products that Belgium exported to South Africa were Refined Petroleum ($327M), Pesticides ($114M), and Packaged Medicaments ($74M). Over the past 5 years the exports of Belgium to South Africa have increased at an annualized rate of 10.3%, from $943M in 2017 to $1.54B in 2022.

In 2020, Belgium exported services to South Africa worth $180M, with Other business services ($105M), Transportation ($37.7M), and Computer and information services ($13.7M) being the largest in terms of value.

South Africa-Belgium Trade: In 2022, South Africa exported $4.2B to Belgium. The main products that South Africa exported to Belgium were Delivery Trucks ($1.14B), Sulfates ($519M), and Diamonds ($424M). Over the past 5 years the exports of South Africa to Belgium have increased at an annualized rate of 10.6%,  from $2.53B in 2017 to $4.2B in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
South Africa
Top Destination
China$23.4B

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

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

In 2022, countries that imported more from South Africa than Belgium included China ($23.4B), Mozambique ($5.43B), and Botswana ($4.74B).

Difference in imports from South Africa (Flag) and Belgium (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium South Africa+$138MRefined Petroleum
Top Product Potential South Africa Belgium+$113MCars

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

Product Space of Belgium (Flag) and South Africa (Flag) (NaN)

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