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2022
Flag → Flag
Exports $4.2BRnk 12 / 214
2022
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Top Product $1.14BDelivery Trucks
2022
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Exports $1.54BRnk 39 / 222
2022
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Top Product $327MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

South Africa-Belgium Trade: In 2022, South Africa exported $4.2B to Belgium. The main products that South Africa exported to Belgium were Delivery Trucks ($1.14B), Sulfates ($519M), and Diamonds ($424M). Over the past 5 years the exports of South Africa to Belgium have increased at an annualized rate of 10.6%, from $2.53B in 2017 to $4.2B in 2022.

In 2022, South Africa did not export any services to Belgium.

Belgium-South Africa Trade: In 2022, Belgium exported $1.54B to South Africa. The main products that Belgium exported to South Africa were Refined Petroleum ($327M), Pesticides ($114M), and Packaged Medicaments ($74M). Over the past 5 years the exports of Belgium to South Africa have increased at an annualized rate of 8.53%,  from $943M in 2017 to $1.54B in 2022.

In 2020, Belgium exported services to South Africa worth $180M, with Other business services ($105M), Transportation ($37.7M), and Computer and information services ($13.7M) being the largest in terms of value.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

August, 2024

About

Overview In August 2024, South Africa exported ZAR3.13B and imported ZAR1.66B from Belgium, resulting in a positive trade balance of ZAR1.47B. Between August 2023 and August 2024 the exports of South Africa have decreased by ZAR-2.63B (-45.7%) from ZAR5.76B to ZAR3.13B, while imports increased by ZAR78.3M (4.96%) from ZAR1.58B to ZAR1.66B.

Trade In August 2024, the top exports of South Africa to Belgium were Delivery Trucks (ZAR1.56B), Ferroalloys (ZAR482M), Titanium Ore (ZAR425M), Sulfates (ZAR317M), and Coal Briquettes (ZAR248M). In August 2024 the top imports of South Africa from Belgium were Refined Petroleum (ZAR770M), Malt (ZAR184M), Pesticides (ZAR166M), Platinum (ZAR126M), and Copper Wire (ZAR120M).

Origins In August 2024 the exports of South Africa were mainly from Pretoria (ZAR1.33B), Durban (ZAR1.3B), Richards Bay (ZAR237M), Cape Town (ZAR64.4M), and O.R. Tambo Int Airport (ZAR55.1M), while imports destinations were mainly Durban (ZAR989M), O.R. Tambo Int Airport (ZAR222M), Cape Town (ZAR145M), Port Elizabeth (ZAR139M), and Johannesburg (ZAR121M).

Growth In August 2024, the decrease in South Africa's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Sulfates (ZAR-164M or -34.1%), Diamonds (ZAR-131M or -65.5%), and Large Flat-Rolled Stainless Steel (ZAR-85M or -96.8%). In August 2024, the increase in South Africa's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Malt (ZAR136M or 289%), Coated Flat-Rolled Iron (ZAR68M or 777%), and Flat Flat-Rolled Steel (ZAR65.8M or 210%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)ZAR-2.63B(-45.7%)
IMPORT GROWTH (August 2023 - August 2024)ZAR78.3M(4.96%)
MAIN EXPORTER (August 2024)PretoriaZAR1.33B

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Belgium and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $4.2B to Belgium. The main products exported from South Africa to Belgium were Delivery Trucks ($1.14B), Sulfates ($519M), and Diamonds ($424M). During the last 5 years the exports of South Africa to Belgium have increased at an annualized rate of 10.6%, from $2.53B in 2017 to $4.2B in 2022.

In 2017, Belgium exported $1.54B to South Africa. The main products exported from Belgium to South Africa were Refined Petroleum ($327M), Pesticides ($114M), and Packaged Medicaments ($74M). During the last 5 years the exports of Belgium to South Africa have increased at an annualized rate of 8.53%, from $943M in 2022 to $1.54B in 2017.

Exports from South Africa (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from South Africa than Belgium included China ($23.4B), Mozambique ($5.43B), and Botswana ($4.74B).

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

Difference in imports from Belgium (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Belgium

Flow
Scale

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

During 2022, South Africa had a large net trade with Belgium in the exports of Transportation ($1.33B), Chemical Products ($1.18B), and Precious Metals ($760M).

During 2017, Belgium had a large net trade with South Africa in the exports of Chemical Products ($413M), Mineral Products ($350M), and Metals ($163M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Belgium+$113MCars
Top Product Potential Belgium South Africa+$138MRefined 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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Bilateral Service Trade

In 2020, Belgium exported services to South Africa worth $180M, with Other business services ($105M), Transportation ($37.7M), and Computer and information services ($13.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belgium (Flag) to South Africa (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Belgium (Flag) (2022)

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