2023
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GDP
$645BCURRENT US$
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2013-2023
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GDP GROWTH
23%CURRENT US$
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2023
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 GDP
$2.05BCURRENT US$
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2013-2023
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GDP GROWTH
84.6%CURRENT US$
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2023
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GDP PC 
$54,701CURRENT US$
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2013-2023
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GDP PC GROWTH
16.5%CURRENT US$
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2023
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GDP PC
$951CURRENT US$
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GDP PC GROWTH
45.4%CURRENT US$
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About

Belgium-Guinea-Bissau Trade: In 2023, Belgium exported $6.3M to Guinea-Bissau. The main products that Belgium exported to Guinea-Bissau were Cars ($2.04M), Vaccines, blood, antisera, toxins and cultures ($1.75M), and Integrated Circuits ($596k). Over the past 5 years the exports of Belgium to Guinea-Bissau have increased at an annualized rate of 7.52%, from $4.38M in 2018 to $6.3M in 2023.

In 2023, Belgium did not export any services to Guinea-Bissau.

Guinea-Bissau-Belgium Trade: In 2023, Guinea-Bissau exported $35.6k to Belgium. The main products that Guinea-Bissau exported to Belgium were N/A. Over the past 5 years the exports of Guinea-Bissau to Belgium have increased at an annualized rate of 91.5%,  from $723 in 2018 to $35.6k in 2023.

In 2023, Guinea-Bissau 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, Guinea-Bissau ranked 194 in total exports ($109M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $6.3M to Guinea-Bissau. The main products exported from Belgium to Guinea-Bissau were Cars ($2.04M), Vaccines, blood, antisera, toxins and cultures ($1.75M), and Integrated Circuits ($596k). During the last 5 years the exports of Belgium to Guinea-Bissau have increased at an annualized rate of 7.52%, from $4.38M in 2018 to $6.3M in 2023.

In 2017, Guinea-Bissau exported $35.6k to Belgium. There were not main exports from Guinea-Bissau to Belgium in 2017. During the last 5 years the exports of Guinea-Bissau to Belgium have increased at an annualized rate of 91.5%, from $723 in 2022 to $35.6k in 2017.

Exports from Belgium (Flag) to Guinea-Bissau (Flag) (2023)

Exports from Guinea-Bissau (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top Destination
N/AN/A
Guinea-Bissau
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from Guinea-Bissau (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Guinea-Bissau

Flow
Scale

This chart compares trade between Belgium and Guinea-Bissau by product, considering products traded by both, Belgium and Guinea-Bissau.

During 2023, Belgium had a large net trade with Guinea-Bissau in the exports of Transportation ($2.56M), Chemical Products ($1.78M), and Machines ($679k).

During 2017, Guinea-Bissau had a large net trade with Belgium in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Guinea-Bissau (Flag) (2023)

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