Maldives (MDV) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Maldives-Belgium Trade: In 2022, Maldives exported $295k to Belgium. The main products that Maldives exported to Belgium were Fish Fillets ($233k), Non-fillet Fresh Fish ($61k), and Other Printed Material ($621). Over the past 5 years the exports of Maldives to Belgium have decreased at an annualized rate of 23.4%, from $1.12M in 2017 to $295k in 2022.

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

Belgium-Maldives Trade: In 2022, Belgium exported $11M to Maldives. The main products that Belgium exported to Maldives were Other Frozen Vegetables ($1.26M), Chocolate ($1.08M), and Vaccines, blood, antisera, toxins and cultures ($994k). Over the past 5 years the exports of Belgium to Maldives have increased at an annualized rate of 3.12%, from $9.42M in 2017 to $11M in 2022.

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

Comparison In 2022, Maldives ranked 166 in total exports ($689M), 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, Maldives exported $295k to Belgium. The main products exported from Maldives to Belgium were Fish Fillets ($233k), Non-fillet Fresh Fish ($61k), and Other Printed Material ($621). During the last 5 years the exports of Maldives to Belgium have decreased at an annualized rate of 23.4%, from $1.12M in 2017 to $295k in 2022.

In 2017, Belgium exported $11M to Maldives. The main products exported from Belgium to Maldives were Other Frozen Vegetables ($1.26M), Chocolate ($1.08M), and Vaccines, blood, antisera, toxins and cultures ($994k). During the last 5 years the exports of Belgium to Maldives have increased at an annualized rate of 3.12%, from $9.42M in 2022 to $11M in 2017.

Exports from Maldives () to Belgium () (2022)

Exports from Belgium () to Maldives () (2022)

Latest Data

Trade between Maldives () and Belgium ()

Maldives Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from Maldives than from Belgium.

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

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

Comparative Advantage Maldives - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with Belgium in the exports of Animal Products ($294k), Machines ($687), and Paper Goods ($621).

During 2017, Belgium had a large net trade with Maldives in the exports of Foodstuffs ($4.71M), Animal Products ($1.58M), and Chemical Products ($1.49M).

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

About

Historical Data

Bilateral Trade by Products

Exports from Maldives () to Belgium () (2022)

Exports from Belgium () to Maldives () (2022)

Latest Data

Trade between Maldives () and Belgium ()

Maldives Exports

Market Competitiveness

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

Comparative Advantage Maldives - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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