Bahamas (BHS) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Bahamas-Belgium Trade: In 2022, Bahamas exported $30.3k to Belgium. The main products that Bahamas exported to Belgium were Crustaceans ($27.1k), Refined Petroleum ($1k), and Electrical Ignitions ($526). Over the past 5 years the exports of Bahamas to Belgium have decreased at an annualized rate of 64.1%, from $5.09M in 2017 to $30.3k in 2022.

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

Belgium-Bahamas Trade: In 2022, Belgium exported $7.71M to Bahamas. The main products that Belgium exported to Bahamas were Other Frozen Vegetables ($1.81M), Electric Batteries ($1.07M), and Malt ($615k). Over the past 5 years the exports of Belgium to Bahamas have increased at an annualized rate of 4.9%, from $6.07M in 2017 to $7.71M in 2022.

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

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B), 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, Bahamas exported $30.3k to Belgium. The main products exported from Bahamas to Belgium were Crustaceans ($27.1k), Refined Petroleum ($1k), and Electrical Ignitions ($526). During the last 5 years the exports of Bahamas to Belgium have decreased at an annualized rate of 64.1%, from $5.09M in 2017 to $30.3k in 2022.

In 2017, Belgium exported $7.71M to Bahamas. The main products exported from Belgium to Bahamas were Other Frozen Vegetables ($1.81M), Electric Batteries ($1.07M), and Malt ($615k). During the last 5 years the exports of Belgium to Bahamas have increased at an annualized rate of 4.9%, from $6.07M in 2022 to $7.71M in 2017.

Exports from Bahamas () to Belgium () (2022)

Exports from Belgium () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Bahamas than Belgium included Barbados ($30M), Seychelles ($20.5M), and Bermuda ($3.41M).

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

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

Comparative Advantage Bahamas - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bahamas had a large net trade with Belgium in the exports of Animal Products ($27.1k), Mineral Products ($1k), and Machines ($668).

During 2017, Belgium had a large net trade with Bahamas in the exports of Foodstuffs ($1.98M), Machines ($1.4M), and Vegetable Products ($1.33M).

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

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Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Belgium () (2022)

Exports from Belgium () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Belgium ()

Belgium Exports

Market Competitiveness

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

Comparative Advantage Bahamas - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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