Senegal (SEN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Senegal-Belgium Trade: In 2023, Senegal exported $45.2M to Belgium. The main products that Senegal exported to Belgium were Calcium Phosphates ($13.7M), Refined Petroleum ($11.4M), and Scrap Copper ($10.2M). Over the past 5 years the exports of Senegal to Belgium have increased at an annualized rate of 5.19%, from $35.1M in 2018 to $45.2M in 2023.

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

Belgium-Senegal Trade: In 2023, Belgium exported $698M to Senegal. The main products that Belgium exported to Senegal were Refined Petroleum ($470M), Cars ($32.9M), and Copper Wire ($18.5M). Over the past 5 years the exports of Belgium to Senegal have increased at an annualized rate of 5.01%, from $547M in 2018 to $698M in 2023.

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

Comparison: In 2023, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B). 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, Senegal exported $45.2M to Belgium. The main products exported from Senegal to Belgium were Calcium Phosphates ($13.7M), Refined Petroleum ($11.4M), and Scrap Copper ($10.2M). During the last 5 years the exports of Senegal to Belgium have increased at an annualized rate of 5.19%, from $35.1M in 2018 to $45.2M in 2023.

In 2018, Belgium exported $698M to Senegal. The main products exported from Belgium to Senegal were Refined Petroleum ($470M), Cars ($32.9M), and Copper Wire ($18.5M). During the last 5 years the exports of Belgium to Senegal have increased at an annualized rate of 5.01%, from $547M in 2023 to $698M in 2018.

Exports from Senegal () to Belgium () (2023)

Exports from Belgium () to Senegal () (2023)

Latest Data

Trade between Senegal () and Belgium ()

Senegal Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Senegal
Top DestinationMali$1.22B

Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Senegal than Belgium included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

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

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

Comparative Advantage Senegal - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Senegal had a large net trade with Belgium in the exports of Mineral Products ($28.6M), Metals ($10.3M), and Machines ($4.36M).

During 2018, Belgium had a large net trade with Senegal in the exports of Mineral Products ($486M), Transportation ($63.3M), and Machines ($40M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Senegal Belgium+$4.82MRefined Petroleum

Top Product Potential Belgium Senegal+$9.38MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Senegal () to Belgium () (2023)

Exports from Belgium () to Senegal () (2023)

Latest Data

Trade between Senegal () and Belgium ()

Senegal Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Senegal - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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