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2022
Flag → Flag
Exports $411MRnk 70 / 222
2022
Flag → Flag
Top Product $183MRefined Petroleum
2022
Flag → Flag
Exports $1.26BRnk 10 / 150
2022
Flag → Flag
Top Product $1.05BDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.55Rnk 126 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$107BCURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP GROWTH-14.6%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$2,999CURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP PC GROWTH-39.6%CURRENT US$
Rnk 182 / 186

About

Belgium-Angola Trade: In 2022, Belgium exported $411M to Angola. The main products that Belgium exported to Angola were Refined Petroleum ($183M), Vaccines, blood, antisera, toxins and cultures ($30.4M), and Cars ($13.4M). Over the past 5 years the exports of Belgium to Angola have increased at an annualized rate of 8.11%, from $279M in 2017 to $411M in 2022.

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

Angola-Belgium Trade: In 2022, Angola exported $1.26B to Belgium. The main products that Angola exported to Belgium were Diamonds ($1.05B), Petroleum Gas ($175M), and Refined Petroleum ($19.1M). Over the past 5 years the exports of Angola to Belgium have increased at an annualized rate of 32.5%,  from $307M in 2017 to $1.26B in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €9.29M and imported €37.2M from Angola, resulting in a negative trade balance of €27.9M. Between July 2023 and July 2024 the exports of Belgium have increased by €1.08M (13.1%) from €8.22M to €9.29M, while imports increased by €14.6M (64.9%) from €22.6M to €37.2M.

Trade In July 2024, the top exports of Belgium to Angola were Cars, tractors, trucks & parts thereof. (€2.95M), Products of the milling industry (€2.23M), Machinery, mechanical appliances, & parts (€1.79M), Rubber & articles thereof (€1.72M), and Organic chemicals (€685k). In July 2024 the top imports of Belgium from Angola were Precious stones, metals, & pearls (€89.8M), Stone, plaster, cement, asbestos, mica. (€6.19k), Feather articles, feathers, artificial flowers, &... (€554), Machinery, mechanical appliances, & parts (€520), and Electrical machinery and electronics (€345).

Growth In July 2024, the increase in Belgium's year-by-year exports to Angola was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€2.25M or 323%), Rubber & articles thereof (€1.67M or 4.08k%), and Machinery, mechanical appliances, & parts (€1.41M or 370%). In July 2024, the increase in Belgium's year-by-year imports  from Angola was explained primarily by an increase in product imports  in Precious stones, metals, & pearls (€31M or 52.8%), Stone, plaster, cement, asbestos, mica. (€5.27k or 574%), and Cars, tractors, trucks & parts thereof. (€68 or 142%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€1.08M(13.1%)
IMPORT GROWTH (July 2023 - July 2024)€14.6M(64.9%)

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

To check Angola and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Angola and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $411M to Angola. The main products exported from Belgium to Angola were Refined Petroleum ($183M), Vaccines, blood, antisera, toxins and cultures ($30.4M), and Cars ($13.4M). During the last 5 years the exports of Belgium to Angola have increased at an annualized rate of 8.11%, from $279M in 2017 to $411M in 2022.

In 2017, Angola exported $1.26B to Belgium. The main products exported from Angola to Belgium were Diamonds ($1.05B), Petroleum Gas ($175M), and Refined Petroleum ($19.1M). During the last 5 years the exports of Angola to Belgium have increased at an annualized rate of 32.5%, from $307M in 2022 to $1.26B in 2017.

Exports from Belgium (Flag) to Angola (Flag) (2022)

Exports from Angola (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Angola
Top DestinationChina$21.8B

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

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

In 2022, countries that imported more from Angola than Belgium included China ($21.8B), Indonesia ($884M), and Malawi ($97.6M).

Difference in imports from Angola (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Angola

Flow
Scale

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

During 2022, Belgium had a large net trade with Angola in the exports of Mineral Products ($184M), Chemical Products ($69.7M), and Machines ($50.5M).

During 2017, Angola had a large net trade with Belgium in the exports of Precious Metals ($1.05B), Mineral Products ($199M), and Machines ($6.78M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Angola+$9.95MRefined Petroleum
Top Product Potential Angola Belgium+$22.8MRefined 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

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

Product Space of Belgium (Flag) and Angola (Flag) (2022)

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