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2023
Flag → Flag
Exports $112MRnk 112 / 220
2023
Flag → Flag
Top Product $24.8MRefined Petroleum
2023
Flag → Flag
Exports $103MRnk 18 / 153
2023
Flag → Flag
Top Product $33MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI -0.62Rnk 92 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$19.4BCURRENT US$
Rnk 126 / 195
2013-2023
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GDP GROWTH10.2%CURRENT US$
Rnk 155 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$7,803CURRENT US$
Rnk 100 / 196
2013-2023
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GDP PC GROWTH-15.2%CURRENT US$
Rnk 172 / 195

About

Belgium-Gabon Trade: In 2023, Belgium exported $112M to Gabon. The main products that Belgium exported to Gabon were Refined Petroleum ($24.8M), Mixed Mineral or Chemical Fertilizers ($20.4M), and Malt ($15.3M). Over the past 5 years the exports of Belgium to Gabon have increased at an annualized rate of 9.92%, from $69.5M in 2018 to $112M in 2023.

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

Gabon-Belgium Trade: In 2023, Gabon exported $103M to Belgium. The main products that Gabon exported to Belgium were Refined Petroleum ($33M), Sawn Wood ($23.6M), and Plywood ($11.5M). Over the past 5 years the exports of Gabon to Belgium have increased at an annualized rate of 0.92%,  from $98.8M in 2018 to $103M in 2023.

In 2023, Gabon 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, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €8.22M and imported €3.44M from Gabon, resulting in a positive trade balance of €4.79M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-3.37M (-29%) from €11.6M to €8.22M, while imports increased by €61.3k (1.81%) from €3.38M to €3.44M.

Trade In October 2024, the top exports of Belgium to Gabon were Fertilizers (€2.14M), Products of the milling industry (€1.44M), Used clothes & textile articles (€900k), Machinery, mechanical appliances, & parts (€880k), and Rubber & articles thereof (€293k). In October 2024 the top imports of Belgium from Gabon were Wood, wood articles, & charcoal (€4.09M), Electrical machinery and electronics (€1.87k), Optical, photo, & film equipment; medical... (€1.09k), Mineral fuels, mineral oils and products... (€1.04k), and Iron/Steel Articles (€305).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Gabon was explained primarily by an decrease in product exports in Pharmaceutical products (€-3.63M or -99.7%), Cars, tractors, trucks & parts thereof. (€-149k or -49.4%), and Preparations of vegetables, fruit, nuts or... (€-111k or -43.1%). In October 2024, the increase in Belgium's year-by-year imports  from Gabon was explained primarily by an increase in product imports  in Wood, wood articles, & charcoal (€741k or 22.1%) and Mineral fuels, mineral oils and products... (€949 or 1.09k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-3.37M(-29%)
IMPORT GROWTH (October 2023 - October 2024)€61.3k(1.81%)

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 Gabon and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gabon and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $112M to Gabon. The main products exported from Belgium to Gabon were Refined Petroleum ($24.8M), Mixed Mineral or Chemical Fertilizers ($20.4M), and Malt ($15.3M). During the last 5 years the exports of Belgium to Gabon have increased at an annualized rate of 9.92%, from $69.5M in 2018 to $112M in 2023.

In 2018, Gabon exported $103M to Belgium. The main products exported from Gabon to Belgium were Refined Petroleum ($33M), Sawn Wood ($23.6M), and Plywood ($11.5M). During the last 5 years the exports of Gabon to Belgium have increased at an annualized rate of 0.92%, from $98.8M in 2023 to $103M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Gabon
Top DestinationChina$2.77B

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

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

In 2023, countries that imported more from Gabon than Belgium included Republic of the Congo ($574M), Indonesia ($875M), and Marshall Islands ($72.9M).

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

Comparative Advantage Belgium - Gabon

Flow
Scale

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

During 2023, Belgium had a large net trade with Gabon in the exports of Chemical Products ($28.6M), Mineral Products ($25.8M), and Vegetable Products ($17.9M).

During 2018, Gabon had a large net trade with Belgium in the exports of Wood Products ($54.6M), Mineral Products ($41.8M), and Metals ($2.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Gabon+$2.37MCars
Top Product Potential Gabon Belgium+$7.73MRefined 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 Gabon. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Gabon. Similarly, a dot/product with the flag of Gabon indicates it has a comparative advantage over Belgium.

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

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