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2022
Flag → Flag
Exports $20MRnk 132 / 222
2022
Flag → Flag
Top Product $33.7MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $3.3MRnk 19 / 149
2022
Flag → Flag
Top Product $2.06MKnotted Carpets
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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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 $20M 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 15.8%, from $9.62M in 2017 to $20M in 2022.

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

Nepal-Belgium Trade: In 2022, Nepal exported $3.3M 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 decreased at an annualized rate of 11.7%,  from $6.16M in 2017 to $3.3M 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

March, 2024

About

Overview In March 2024, Belgium exported €177k and imported €199k from Nepal, resulting in a negative trade balance of €21.8k. Between March 2023 and March 2024 the exports of Belgium have decreased by €-6.82M (-97.5%) from €7M to €177k, while imports increased by €59.9k (43.1%) from €139k to €199k.

Trade In March 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 March 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 March 2024, the decrease in Belgium's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Pharmaceutical products (€-26.4k or -69.6%), Electrical machinery and electronics (€-4.2k or -56%), and Glass & glassware (€-2.49k or -98.6%). In March 2024, the increase in Belgium's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Carpets & textile floor covers (€65.7k or 96.8%), Used clothes & textile articles (€8.5k or 11.6k%), and Non-knitted clothing accesories (€7.17k or 69.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)€-6.82M(-97.5%)
IMPORT GROWTH (March 2023 - March 2024)€59.9k(43.1%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $20M 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 15.8%, from $9.62M in 2017 to $20M in 2022.

In 2017, Nepal exported $3.3M 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 18 years the exports of Nepal to Belgium have decreased at an annualized rate of 11.7%, from $6.16M in 1999 to $3.3M 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).

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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