Namibia (NAM) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Namibia-Belgium Trade: In 2023, Namibia exported $424M to Belgium. The main products that Namibia exported to Belgium were Refined Copper ($156M), Raw Copper ($146M), and Diamonds ($97.9M). Over the past 5 years the exports of Namibia to Belgium have decreased at an annualized rate of 7.93%, from $642M in 2018 to $424M in 2023.

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

Belgium-Namibia Trade: In 2023, Belgium exported $24.4M to Namibia. The main products that Belgium exported to Namibia were Sulphur ($3.65M), Industrial Food Preperation Machinery ($3.24M), and Refined Petroleum ($1.58M). Over the past 5 years the exports of Belgium to Namibia have increased at an annualized rate of 2.72%, from $21.3M in 2018 to $24.4M in 2023.

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

Comparison: In 2023, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B). 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, Namibia exported $424M to Belgium. The main products exported from Namibia to Belgium were Refined Copper ($156M), Raw Copper ($146M), and Diamonds ($97.9M). During the last 5 years the exports of Namibia to Belgium have decreased at an annualized rate of 7.93%, from $642M in 2018 to $424M in 2023.

In 2018, Belgium exported $24.4M to Namibia. The main products exported from Belgium to Namibia were Sulphur ($3.65M), Industrial Food Preperation Machinery ($3.24M), and Refined Petroleum ($1.58M). During the last 5 years the exports of Belgium to Namibia have increased at an annualized rate of 2.72%, from $21.3M in 2023 to $24.4M in 2018.

Exports from Namibia () to Belgium () (2023)

Exports from Belgium () to Namibia () (2023)

Latest Data

Trade between Namibia () and Belgium ()

Namibia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.71B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Namibia than Belgium included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

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

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

Comparative Advantage Namibia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Namibia had a large net trade with Belgium in the exports of Metals ($302M), Precious Metals ($97.9M), and Mineral Products ($19.2M).

During 2018, Belgium had a large net trade with Namibia in the exports of Machines ($8.42M), Mineral Products ($5.22M), and Chemical Products ($3.46M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Belgium+$1.06MFish Fillets

Top Product Potential Belgium Namibia+$2.04MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Namibia () to Belgium () (2023)

Exports from Belgium () to Namibia () (2023)

Latest Data

Trade between Namibia () and Belgium ()

Namibia Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Namibia - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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