Belgium (BEL) and British Indian Ocean Territory (IOT) Trade | The Observatory of Economic Complexity

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Belgium-British Indian Ocean Territory Trade: In 2023, Belgium exported $5.84k to British Indian Ocean Territory. The main products that Belgium exported to British Indian Ocean Territory were Cars ($5.84k). Over the past 6 years the exports of Belgium to British Indian Ocean Territory have decreased at an annualized rate of 10.7%, from $11.5k in 2017 to $5.84k in 2023.

In 2023, Belgium did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Belgium Trade: In 2023, British Indian Ocean Territory exported $1.07k to Belgium. The main products that British Indian Ocean Territory exported to Belgium were Gaskets ($646), Iron Fasteners ($401), and Chemical Analysis Instruments ($18). Over the past 6 years the exports of British Indian Ocean Territory to Belgium have increased at an annualized rate of 43.3%, from $176 in 2017 to $1.07k in 2023.

In 2023, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Latest Trends

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Overview In N/A, Belgium exported €N/A and imported €N/A from British Indian Ocean Territory, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Belgium have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Belgium to British Indian Ocean Territory were . In N/A the top imports of Belgium from British Indian Ocean Territory were .

Growth In N/A, the N/A in Belgium's year-by-year exports to British Indian Ocean Territory was explained primarily by an decrease in product exports in . In N/A, the N/A in Belgium's year-by-year imports from British Indian Ocean Territory was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $5.84k to British Indian Ocean Territory. The main products exported from Belgium to British Indian Ocean Territory were Cars ($5.84k). During the last 6 years the exports of Belgium to British Indian Ocean Territory have decreased at an annualized rate of 10.7%, from $11.5k in 2017 to $5.84k in 2023.

In 2018, British Indian Ocean Territory exported $1.07k to Belgium. The main products exported from British Indian Ocean Territory to Belgium were Gaskets ($646), Iron Fasteners ($401), and Chemical Analysis Instruments ($18). During the last 5 years the exports of British Indian Ocean Territory to Belgium have increased at an annualized rate of 43.3%, from $176 in 2023 to $1.07k in 2018.

Exports from Belgium () to British Indian Ocean Territory () (2023)

Exports from British Indian Ocean Territory () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

British Indian Ocean Territory
Top DestinationSingapore$20.2M

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

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

In 2023, no countries were registered that imported more from British Indian Ocean Territory than from Belgium.

Difference in imports from British Indian Ocean Territory () and Belgium () (2023)

Comparative Advantage Belgium - British Indian Ocean Territory

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belgium and British Indian Ocean Territory by product, considering products traded by both, Belgium and British Indian Ocean Territory.

During 2023, Belgium had a large net trade with British Indian Ocean Territory in the exports of Transportation ($5.84k).

During 2018, British Indian Ocean Territory had a large net trade with Belgium in the exports of Machines ($646), Metals ($401), and Instruments ($18).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to British Indian Ocean Territory () (2023)

Exports from British Indian Ocean Territory () to Belgium () (2023)

Market Competitiveness

Difference in imports from British Indian Ocean Territory () and Belgium () (2023)

Comparative Advantage Belgium - British Indian Ocean Territory

Economic Complexity

Competitive Landscape

Product Space of Belgium () and British Indian Ocean Territory () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to British Indian Ocean Territory () (2023)

Exports from British Indian Ocean Territory () to Belgium () (2023)

Market Competitiveness

Difference in imports from British Indian Ocean Territory () and Belgium () (2023)

Comparative Advantage Belgium - British Indian Ocean Territory

Economic Complexity

Competitive Landscape

Product Space of Belgium () and British Indian Ocean Territory () (2023)

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