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Pricing

2022
Flag → Flag
Exports $44.9MRnk 132 / 222
2022
Flag → Flag
Top Product $33.7MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $4.64MRnk 19 / 149
2022
Flag → Flag
Top Product $2.06MKnotted Carpets
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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
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GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Belgium-Nepal Trade: In 2022, Belgium exported $44.9M to Nepal. The main products that Belgium exported to Nepal were Vaccines, blood, antisera, toxins and cultures ($33.7M), Photographic Plates ($2.47M), and Looms ($1.4M). Over the past 5 years the exports of Belgium to Nepal have increased at an annualized rate of 17.5%, from $20M in 2017 to $44.9M in 2022.

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

Nepal-Belgium Trade: In 2022, Nepal exported $4.64M to Belgium. The main products that Nepal exported to Belgium were Knotted Carpets ($2.06M), Essential Oils ($759k), and Hand-Woven Rugs ($338k). Over the past 5 years the exports of Nepal to Belgium have increased at an annualized rate of 4.99%,  from $3.3M in 2017 to $4.64M in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €4.56M and imported €292k from Nepal, resulting in a positive trade balance of €4.27M. Between July 2023 and July 2024 the exports of Belgium have increased by €1.57M (52.6%) from €2.99M to €4.56M, while imports decreased by €-102k (-25.9%) from €394k to €292k.

Trade In July 2024, the top exports of Belgium to Nepal were Iron & steel (€558k), Optical, photo, & film equipment; medical... (€74.9k), Machinery, mechanical appliances, & parts (€54.4k), Pharmaceutical products (€11.6k), and Plastics & articles thereof (€6.11k). In July 2024 the top imports of Belgium from Nepal were Carpets & textile floor covers (€134k), Knitted clothing accesories (€19.1k), Non-knitted clothing accesories (€17.5k), Used clothes & textile articles (€8.58k), and Furniture, bedding, lamps, & prefab buildings (€1.56k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Nepal was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€37.9k or 231%), Optical, photo, & film equipment; medical... (€34.5k or 85.3%), and Plastics & articles thereof (€3.89k or 175%). In July 2024, the decrease in Belgium's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-575 or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€1.57M(52.6%)
IMPORT GROWTH (July 2023 - July 2024)€-102k(-25.9%)

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 Nepal and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $44.9M to Nepal. The main products exported from Belgium to Nepal were Vaccines, blood, antisera, toxins and cultures ($33.7M), Photographic Plates ($2.47M), and Looms ($1.4M). During the last 5 years the exports of Belgium to Nepal have increased at an annualized rate of 17.5%, from $20M in 2017 to $44.9M in 2022.

In 2017, Nepal exported $4.64M to Belgium. The main products exported from Nepal to Belgium were Knotted Carpets ($2.06M), Essential Oils ($759k), and Hand-Woven Rugs ($338k). During the last 5 years the exports of Nepal to Belgium have increased at an annualized rate of 4.99%, from $3.3M in 2022 to $4.64M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Nepal
Top DestinationIndia$956M

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

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

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

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

Comparative Advantage Belgium - Nepal

Flow
Scale

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

During 2022, Belgium had a large net trade with Nepal in the exports of Chemical Products ($37.7M), Machines ($2.23M), and Instruments ($1.97M).

During 2017, Nepal had a large net trade with Belgium in the exports of Textiles ($3.08M), Chemical Products ($765k), and Stone And Glass ($202k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Nepal+$2.56MVaccines, blood, antisera, toxins and cultures
Top Product Potential Nepal Belgium+$409kNon-Knit Women's Suits

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

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

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