2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH
22.7%CURRENT US$
Rnk 114 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH
-5.65%CURRENT US$
Rnk 156 / 186

About

Belgium-Gabon Trade: In 2022, Belgium exported $96.7M to Gabon. The main products that Belgium exported to Gabon were Mixed Mineral or Chemical Fertilizers ($25.5M), Used Clothing ($9.41M), and Malt ($7.34M). Over the past 5 years the exports of Belgium to Gabon have increased at an annualized rate of 7.3%, from $68M in 2017 to $96.7M in 2022.

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

Gabon-Belgium Trade: In 2022, Gabon exported $58.5M to Belgium. The main products that Gabon exported to Belgium were Sawn Wood ($26.5M), Refined Petroleum ($8.66M), and Manganese Ore ($8.1M). Over the past 5 years the exports of Gabon to Belgium have decreased at an annualized rate of 1.79%,  from $82.4M in 2017 to $58.5M in 2022.

In 2022, Gabon 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, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $96.7M to Gabon. The main products exported from Belgium to Gabon were Mixed Mineral or Chemical Fertilizers ($25.5M), Used Clothing ($9.41M), and Malt ($7.34M). During the last 5 years the exports of Belgium to Gabon have increased at an annualized rate of 7.3%, from $68M in 2017 to $96.7M in 2022.

In 2017, Gabon exported $58.5M to Belgium. The main products exported from Gabon to Belgium were Sawn Wood ($26.5M), Refined Petroleum ($8.66M), and Manganese Ore ($8.1M). During the last 5 years the exports of Gabon to Belgium have decreased at an annualized rate of 1.79%, from $82.4M in 2022 to $58.5M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Gabon
Top Destination
China$3.4B

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

In 2022, no countries were registered that imported more from Gabon than from Belgium.

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

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 2022, Belgium had a large net trade with Gabon in the exports of Chemical Products ($37.7M), Machines ($12.1M), and Textiles ($9.64M).

During 2017, Gabon had a large net trade with Belgium in the exports of Wood Products ($41.6M), Mineral Products ($16.8M), and Transportation ($35.8k).

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) (2022)

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