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Pricing

2022
Flag → Flag
Exports $15MRnk 158 / 222
2022
Flag → Flag
Top Product $3.83MCars
2022
Flag → Flag
Exports $13.2MRnk 21 / 63
2022
Flag → Flag
Top Product $13.2MPetroleum Gas
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
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 GDP$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH-47.2%CURRENT US$
Rnk 184 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH-62.4%CURRENT US$
Rnk 186 / 186

About

Belgium-Equatorial Guinea Trade: In 2022, Belgium exported $15M to Equatorial Guinea. The main products that Belgium exported to Equatorial Guinea were Cars ($3.83M), Malt ($2.23M), and Refined Petroleum ($1.73M). Over the past 5 years the exports of Belgium to Equatorial Guinea have decreased at an annualized rate of 3.01%, from $17.5M in 2017 to $15M in 2022.

In 2022, Belgium did not export any services to Equatorial Guinea.

Equatorial Guinea-Belgium Trade: In 2022, Equatorial Guinea exported $13.2M to Belgium. The main products that Equatorial Guinea exported to Belgium were Petroleum Gas ($13.2M), Coffee ($26k), and Refined Petroleum ($15.9k). Over the past 5 years the exports of Equatorial Guinea to Belgium have increased at an annualized rate of 178%,  from $79k in 2017 to $13.2M in 2022.

In 2022, Equatorial Guinea 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, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €832k and imported €93 from Equatorial Guinea, resulting in a positive trade balance of €832k. Between August 2023 and August 2024 the exports of Belgium have decreased by €-374k (-31%) from €1.21M to €832k, while imports increased by €93 (N/A%) from €0 to €93.

Trade In August 2024, the top exports of Belgium to Equatorial Guinea were Soap, cleaners, candles, dental, modelling pastes (€864k), Machinery, mechanical appliances, & parts (€487k), Optical, photo, & film equipment; medical... (€466k), Cars, tractors, trucks & parts thereof. (€465k), and Iron/Steel Articles (€248k). In August 2024 the top imports of Belgium from Equatorial Guinea were Mineral fuels, mineral oils and products... (€105M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Equatorial Guinea was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-462k or -97.4%), Meat & edible offal (€-39.4k or -85.8%), and Used clothes & textile articles (€-27.7k or -54.8%). In July 2024, the increase in Belgium's year-by-year imports  from Equatorial Guinea was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-374k(-31%)
IMPORT GROWTH (July 2023 - July 2024)€93(N/A%)

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 Equatorial Guinea and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $15M to Equatorial Guinea. The main products exported from Belgium to Equatorial Guinea were Cars ($3.83M), Malt ($2.23M), and Refined Petroleum ($1.73M). During the last 5 years the exports of Belgium to Equatorial Guinea have decreased at an annualized rate of 3.01%, from $17.5M in 2017 to $15M in 2022.

In 2017, Equatorial Guinea exported $13.2M to Belgium. The main products exported from Equatorial Guinea to Belgium were Petroleum Gas ($13.2M), Coffee ($26k), and Refined Petroleum ($15.9k). During the last 5 years the exports of Equatorial Guinea to Belgium have increased at an annualized rate of 178%, from $79k in 2022 to $13.2M in 2017.

Exports from Belgium (Flag) to Equatorial Guinea (Flag) (2022)

Exports from Equatorial Guinea (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Equatorial Guinea
Top DestinationZambia$1.84B

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

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

In 2022, countries that imported more from Equatorial Guinea than Belgium included Zambia ($1.84B).

Difference in imports from Equatorial Guinea (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Equatorial Guinea

Flow
Scale

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

During 2022, Belgium had a large net trade with Equatorial Guinea in the exports of Transportation ($4.35M), Vegetable Products ($2.3M), and Chemical Products ($2.11M).

During 2017, Equatorial Guinea had a large net trade with Belgium in the exports of Mineral Products ($13.2M), Vegetable Products ($26k), and Transportation ($8.06k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Equatorial Guinea+$1.44MRefined Petroleum
Top Product Potential Equatorial Guinea Belgium+$21.6MPetroleum Gas

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

Product Space of Belgium (Flag) and Equatorial Guinea (Flag) (2022)

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