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2023
Flag → Flag
Exports $80.7MRnk 118 / 220
2023
Flag → Flag
Top Product $70.4MDiamonds
2023
Flag → Flag
Exports $1.08BRnk 3 / 130
2023
Flag → Flag
Top Product $1.08BDiamonds
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.41Rnk 80 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 125 / 195
2013-2023
Flag
GDP GROWTH35.9%CURRENT US$
Rnk 102 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$7,820CURRENT US$
Rnk 99 / 196
2013-2023
Flag
GDP PC GROWTH17.3%CURRENT US$
Rnk 110 / 195

About

Belgium-Botswana Trade: In 2023, Belgium exported $80.7M to Botswana. The main products that Belgium exported to Botswana were Diamonds ($70.4M), Packaged Medicaments ($2.62M), and Other Frozen Vegetables ($1.81M). Over the past 5 years the exports of Belgium to Botswana have decreased at an annualized rate of 9.92%, from $136M in 2018 to $80.7M in 2023.

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

Botswana-Belgium Trade: In 2023, Botswana exported $1.08B to Belgium. The main products that Botswana exported to Belgium were Diamonds ($1.08B), Frozen Vegetables ($498k), and Excavation Machinery ($344k). Over the past 5 years the exports of Botswana to Belgium have decreased at an annualized rate of 5.58%,  from $1.44B in 2018 to $1.08B in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Botswana ranked 80 in the Economic Complexity Index (ECI -0.41), and 122 in total exports ($6.59B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €2.82M and imported €39M from Botswana, resulting in a negative trade balance of €36.2M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-16.1M (-85.1%) from €18.9M to €2.82M, while imports increased by €8.98M (29.9%) from €30M to €39M.

Trade In October 2024, the top exports of Belgium to Botswana were Precious stones, metals, & pearls (€16.3M), Pharmaceutical products (€815k), Optical, photo, & film equipment; medical... (€357k), Machinery, mechanical appliances, & parts (€75.8k), and Plastics & articles thereof (€67.8k). In October 2024 the top imports of Belgium from Botswana were Precious stones, metals, & pearls (€68.6M), Live trees, plants, bulbs, cut flowers,... (€30.1k), and Optical, photo, & film equipment; medical... (€15.7k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Botswana was explained primarily by an decrease in product exports in Precious stones, metals, & pearls (€-26.4M or -61.8%) and Pharmaceutical products (€-6.43M or -88.8%). In October 2024, the increase in Belgium's year-by-year imports  from Botswana was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-16.1M(-85.1%)
IMPORT GROWTH (October 2023 - October 2024)€8.98M(29.9%)

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 Botswana and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Botswana and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $80.7M to Botswana. The main products exported from Belgium to Botswana were Diamonds ($70.4M), Packaged Medicaments ($2.62M), and Other Frozen Vegetables ($1.81M). During the last 5 years the exports of Belgium to Botswana have decreased at an annualized rate of 9.92%, from $136M in 2018 to $80.7M in 2023.

In 2018, Botswana exported $1.08B to Belgium. The main products exported from Botswana to Belgium were Diamonds ($1.08B), Frozen Vegetables ($498k), and Excavation Machinery ($344k). During the last 5 years the exports of Botswana to Belgium have decreased at an annualized rate of 5.58%, from $1.44B in 2023 to $1.08B in 2018.

Exports from Belgium (Flag) to Botswana (Flag) (2023)

Exports from Botswana (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Botswana
Top DestinationUnited Arab Emirates$1.81B

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

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

In 2023, countries that imported more from Botswana than Belgium included Zimbabwe ($63.5M) and Anguilla ($33.6M).

Difference in imports from Botswana (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Botswana

Flow
Scale

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

During 2023, Belgium had a large net trade with Botswana in the exports of Precious Metals ($70.4M), Chemical Products ($4M), and Machines ($1.96M).

During 2018, Botswana had a large net trade with Belgium in the exports of Precious Metals ($1.08B), Vegetable Products ($668k), and Machines ($356k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Botswana+$2.19MPackaged Medicaments
Top Product Potential Botswana Belgium+$682kPrecious Metal Scraps

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

Product Space of Belgium (Flag) and Botswana (Flag) (2023)

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