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2023
Flag → Flag
Exports $1.29MRnk 192 / 220
2023
Flag → Flag
Top Product $1.29MPackaged Medicaments
2023
Flag → Flag
Exports $1.85kRnk 42 / 58
2023
Flag → Flag
Top Product $899Non-Knit Women's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 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$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

About

Belgium-Micronesia Trade: In 2023, Belgium exported $1.29M to Micronesia. The main products that Belgium exported to Micronesia were Packaged Medicaments ($1.29M). Over the past 10 years the exports of Belgium to Micronesia have increased at an annualized rate of 50.1%, from $22.3k in 2013 to $1.29M in 2023.

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

Micronesia-Belgium Trade: In 2023, Micronesia exported $1.85k to Belgium. The main products that Micronesia exported to Belgium were Non-Knit Women's Suits ($899), Chemical Analysis Instruments ($402), and Medical Instruments ($315). Over the past 10 years the exports of Micronesia to Belgium have increased at an annualized rate of 111%,  from $44 in 2013 to $1.85k in 2023.

In 2023, Micronesia 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, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Belgium exported €N/A and imported €N/A from Micronesia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Belgium have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Belgium to Micronesia were . In N/A the top imports of Belgium from Micronesia were Non-knitted clothing accesories (€916).

Growth In N/A, the N/A in Belgium's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In N/A, the N/A in Belgium's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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 Micronesia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $1.29M to Micronesia. The main products exported from Belgium to Micronesia were Packaged Medicaments ($1.29M). During the last 10 years the exports of Belgium to Micronesia have increased at an annualized rate of 50.1%, from $22.3k in 2013 to $1.29M in 2023.

In 2018, Micronesia exported $1.85k to Belgium. The main products exported from Micronesia to Belgium were Non-Knit Women's Suits ($899), Chemical Analysis Instruments ($402), and Medical Instruments ($315). During the last 5 years the exports of Micronesia to Belgium have increased at an annualized rate of 111%, from $44 in 2023 to $1.85k in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Micronesia
Top DestinationThailand$121M

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

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

In 2023, no countries were registered that imported more from Micronesia than from Belgium.

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

Comparative Advantage Belgium - Micronesia

Flow
Scale

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

During 2023, Belgium had a large net trade with Micronesia in the exports of Chemical Products ($1.29M).

During 2018, Micronesia had a large net trade with Belgium in the exports of Textiles ($899), Instruments ($717), and Wood Products ($235).

Economic Complexity

Competitive Landscape

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

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

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