Lesotho (LSO) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Lesotho-Belgium Trade: In 2023, Lesotho exported $295M to Belgium. The main products that Lesotho exported to Belgium were Diamonds ($295M), Cars ($10.8k), and High-voltage Protection Equipment ($1.51k). Over the past 5 years the exports of Lesotho to Belgium have increased at an annualized rate of 16.1%, from $140M in 2018 to $295M in 2023.

In 2023, Lesotho did not export any services to Belgium.

Belgium-Lesotho Trade: In 2023, Belgium exported $3.2M to Lesotho. The main products that Belgium exported to Lesotho were Vaccines, blood, antisera, toxins and cultures ($1.65M), Malt Extract ($390k), and Packaged Medicaments ($307k). Over the past 5 years the exports of Belgium to Lesotho have increased at an annualized rate of 13.2%, from $1.72M in 2018 to $3.2M in 2023.

In 2023, Belgium did not export any services to Lesotho.

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $295M to Belgium. The main products exported from Lesotho to Belgium were Diamonds ($295M), Cars ($10.8k), and High-voltage Protection Equipment ($1.51k). During the last 5 years the exports of Lesotho to Belgium have increased at an annualized rate of 16.1%, from $140M in 2018 to $295M in 2023.

In 2018, Belgium exported $3.2M to Lesotho. The main products exported from Belgium to Lesotho were Vaccines, blood, antisera, toxins and cultures ($1.65M), Malt Extract ($390k), and Packaged Medicaments ($307k). During the last 5 years the exports of Belgium to Lesotho have increased at an annualized rate of 13.2%, from $1.72M in 2023 to $3.2M in 2018.

Exports from Lesotho () to Belgium () (2023)

Exports from Belgium () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Belgium ()

Lesotho Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Lesotho than Belgium included Eswatini ($7.34M).

In 2023, countries that imported more from Belgium than Lesotho included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium () and Lesotho () (2023)

Comparative Advantage Lesotho - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Belgium in the exports of Precious Metals ($295M), Transportation ($10.8k), and Machines ($1.89k).

During 2018, Belgium had a large net trade with Lesotho in the exports of Chemical Products ($2M), Foodstuffs ($597k), and Textiles ($253k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Belgium+$9.78kHigh-voltage Protection Equipment

Top Product Potential Belgium Lesotho+$556kVaccines, blood, antisera, toxins and cultures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Belgium () (2023)

Exports from Belgium () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Belgium ()

Lesotho Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Lesotho () (2023)

Comparative Advantage Lesotho - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Belgium () (2023)

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