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2022
Flag → Flag
Exports $49MRnk 131 / 222
2022
Flag → Flag
Top Product $17.9MDelivery Trucks
2022
Flag → Flag
Exports $23.8MRnk 17 / 86
2022
Flag → Flag
Top Product $14.4MIron Ore
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$4BCURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP GROWTH43.3%CURRENT US$
Rnk 80 / 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$755CURRENT US$
Rnk 176 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Belgium-Liberia Trade: In 2022, Belgium exported $49M to Liberia. The main products that Belgium exported to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). Over the past 5 years the exports of Belgium to Liberia have increased at an annualized rate of 19.4%, from $20.2M in 2017 to $49M in 2022.

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

Liberia-Belgium Trade: In 2022, Liberia exported $23.8M to Belgium. The main products that Liberia exported to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). Over the past 5 years the exports of Liberia to Belgium have increased at an annualized rate of 19.3%,  from $9.87M in 2017 to $23.8M in 2022.

In 2022, Liberia 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, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €2.17M and imported €163k from Liberia, resulting in a positive trade balance of €2M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-4.57M (-67.8%) from €6.74M to €2.17M, while imports decreased by €-522k (-76.2%) from €685k to €163k.

Trade In August 2024, the top exports of Belgium to Liberia were Pharmaceutical products (€1.87M), Miscellaneous edible preparations (€422k), Cars, tractors, trucks & parts thereof. (€279k), Mineral fuels, mineral oils and products... (€243k), and Products of the milling industry (€236k). In August 2024 the top imports of Belgium from Liberia were Precious stones, metals, & pearls (€711k).

Growth In August 2024, the decrease in Belgium's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-83.8k or -64.9%), Inorganic chemicals (€-35k or -68.4%), and Iron/Steel Articles (€-1.95k or -63.1%). In August 2024, the decrease in Belgium's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-4.57M(-67.8%)
IMPORT GROWTH (August 2023 - August 2024)€-522k(-76.2%)

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 Liberia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Liberia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $49M to Liberia. The main products exported from Belgium to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). During the last 5 years the exports of Belgium to Liberia have increased at an annualized rate of 19.4%, from $20.2M in 2017 to $49M in 2022.

In 2017, Liberia exported $23.8M to Belgium. The main products exported from Liberia to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). During the last 5 years the exports of Liberia to Belgium have increased at an annualized rate of 19.3%, from $9.87M in 2022 to $23.8M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Liberia
Top DestinationSwitzerland$544M

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

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

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

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

Comparative Advantage Belgium - Liberia

Flow
Scale

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

During 2022, Belgium had a large net trade with Liberia in the exports of Transportation ($20M), Mineral Products ($13.6M), and Chemical Products ($4.79M).

During 2017, Liberia had a large net trade with Belgium in the exports of Mineral Products ($14.4M), Precious Metals ($8.53M), and Foodstuffs ($304k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Liberia+$14MRefined Petroleum
Top Product Potential Liberia Belgium+$2.92MDiamonds

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

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

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