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Pricing

2022
Flag → Flag
Exports $19.9MRnk 151 / 222
2022
Flag → Flag
Top Product $4.54MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $475kRnk 20 / 92
2022
Flag → Flag
Top Product $218kCompasses
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$2.27BCURRENT US$
Rnk 166 / 186
2012-2022
Flag
GDP GROWTH60.6%CURRENT US$
Rnk 39 / 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$840CURRENT US$
Rnk 172 / 186
2012-2022
Flag
GDP PC GROWTH22.4%CURRENT US$
Rnk 78 / 186

About

Belgium-Gambia Trade: In 2022, Belgium exported $19.9M to Gambia. The main products that Belgium exported to Gambia were Vaccines, blood, antisera, toxins and cultures ($4.54M), Cars ($4.06M), and Malt Extract ($1.04M). Over the past 5 years the exports of Belgium to Gambia have decreased at an annualized rate of 3.49%, from $23.8M in 2017 to $19.9M in 2022.

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

Gambia-Belgium Trade: In 2022, Gambia exported $475k to Belgium. The main products that Gambia exported to Belgium were Compasses ($218k), Navigation Equipment ($74.6k), and Office Machine Parts ($52.6k). Over the past 5 years the exports of Gambia to Belgium have increased at an annualized rate of 28.6%,  from $135k in 2017 to $475k in 2022.

In 2022, Gambia 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, Gambia ranked 193 in total exports ($170M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €1.62M and imported €244 from Gambia, resulting in a positive trade balance of €1.62M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-2.74M (-62.9%) from €4.36M to €1.62M, while imports decreased by €-3.03k (-92.6%) from €3.28k to €244.

Trade In July 2024, the top exports of Belgium to Gambia were Pharmaceutical products (€558k), Cars, tractors, trucks & parts thereof. (€484k), Preparations of cereals, flour, starch or... (€150k), Meat & edible offal (€83.1k), and Iron or steel articles (€74.3k). In July 2024 the top imports of Belgium from Gambia were Inorganic chemicals (€85), Pharmaceutical products (€11), and Wood, wood articles, & charcoal (€9).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Gambia was explained primarily by an decrease in product exports in Used clothes & textile articles (€-348k or -83.7%), Cars, tractors, trucks & parts thereof. (€-75.1k or -13.4%), and Beverages, spirits, & vinegar (€-11.5k or -25.2%). In July 2024, the decrease in Belgium's year-by-year imports  from Gambia was explained primarily by an decrease in product imports  in Pharmaceutical products (€-507 or -97.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-2.74M(-62.9%)
IMPORT GROWTH (July 2023 - July 2024)€-3.03k(-92.6%)

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 Gambia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gambia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $19.9M to Gambia. The main products exported from Belgium to Gambia were Vaccines, blood, antisera, toxins and cultures ($4.54M), Cars ($4.06M), and Malt Extract ($1.04M). During the last 5 years the exports of Belgium to Gambia have decreased at an annualized rate of 3.49%, from $23.8M in 2017 to $19.9M in 2022.

In 2017, Gambia exported $475k to Belgium. The main products exported from Gambia to Belgium were Compasses ($218k), Navigation Equipment ($74.6k), and Office Machine Parts ($52.6k). During the last 5 years the exports of Gambia to Belgium have increased at an annualized rate of 28.6%, from $135k in 2022 to $475k in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Gambia
Top DestinationIndia$52.9M

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

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

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

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

Comparative Advantage Belgium - Gambia

Flow
Scale

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

During 2022, Belgium had a large net trade with Gambia in the exports of Transportation ($5.79M), Chemical Products ($4.68M), and Foodstuffs ($3.57M).

During 2017, Gambia had a large net trade with Belgium in the exports of Instruments ($240k), Machines ($179k), and Chemical Products ($54k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Gambia+$1.16MCars
Top Product Potential Gambia Belgium+$81kVaccines, blood, antisera, toxins and cultures

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

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

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