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2023
Flag → Flag
Exports $555kRnk 199 / 220
2023
Flag → Flag
Top Product $511kPackaged Medicaments
2023
Flag → Flag
Exports $105Rnk 73 / 76
2023
Flag → Flag
Top Product $105Refined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
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GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Belgium-Marshall Islands Trade: In 2023, Belgium exported $555k to Marshall Islands. The main products that Belgium exported to Marshall Islands were Packaged Medicaments ($511k), Rough Wood ($12.6k), and Electrical Transformers ($10.1k). Over the past 5 years the exports of Belgium to Marshall Islands have decreased at an annualized rate of 78.4%, from $1.18B in 2018 to $555k in 2023.

In 2023, Belgium did not export any services to Marshall Islands.

Marshall Islands-Belgium Trade: In 2023, Marshall Islands exported $105 to Belgium. The main products that Marshall Islands exported to Belgium were Refined Petroleum ($105). Over the past 5 years the exports of Marshall Islands to Belgium have decreased at an annualized rate of 79.4%,  from $282k in 2018 to $105 in 2023.

In 2023, Marshall Islands 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, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Belgium exported €N/A and imported €N/A from Marshall Islands, 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 Marshall Islands were Machinery, mechanical appliances, & parts (€664), Stone, plaster, cement, asbestos, mica. (€17), and Footwear (€7). In N/A the top imports of Belgium from Marshall Islands were .

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

Latest Trade

Time Scale
Flow
Value
Depth

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 Marshall Islands and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Marshall Islands and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $555k to Marshall Islands. The main products exported from Belgium to Marshall Islands were Packaged Medicaments ($511k), Rough Wood ($12.6k), and Electrical Transformers ($10.1k). During the last 5 years the exports of Belgium to Marshall Islands have decreased at an annualized rate of 78.4%, from $1.18B in 2018 to $555k in 2023.

In 2018, Marshall Islands exported $105 to Belgium. The main products exported from Marshall Islands to Belgium were Refined Petroleum ($105). During the last 5 years the exports of Marshall Islands to Belgium have decreased at an annualized rate of 79.4%, from $282k in 2023 to $105 in 2018.

Exports from Belgium (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Belgium than Marshall Islands included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, no countries were registered that imported more from Marshall Islands than from Belgium.

Difference in imports from Marshall Islands (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Marshall Islands

Flow
Scale

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

During 2023, Belgium had a large net trade with Marshall Islands in the exports of Chemical Products ($515k), Machines ($18.3k), and Wood Products ($12.6k).

During 2018, Marshall Islands had a large net trade with Belgium in the exports of Mineral Products ($105).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Marshall Islands (Flag) (2023)

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