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Pricing

2022
Flag → Flag
Exports $10.7MRnk 163 / 222
2022
Flag → Flag
Top Product $5.07MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $33.1MRnk 22 / 94
2022
Flag → Flag
Top Product $25.3MCoconut Oil
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 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$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Belgium-Papua New Guinea Trade: In 2022, Belgium exported $10.7M to Papua New Guinea. The main products that Belgium exported to Papua New Guinea were Vaccines, blood, antisera, toxins and cultures ($5.07M), Other Frozen Vegetables ($2.35M), and Malt ($994k). Over the past 5 years the exports of Belgium to Papua New Guinea have increased at an annualized rate of 1.26%, from $10.1M in 2017 to $10.7M in 2022.

In 2022, Belgium did not export any services to Papua New Guinea.

Papua New Guinea-Belgium Trade: In 2022, Papua New Guinea exported $33.1M to Belgium. The main products that Papua New Guinea exported to Belgium were Coconut Oil ($25.3M), Coffee ($4.25M), and Cocoa Beans ($2.43M). Over the past 5 years the exports of Papua New Guinea to Belgium have decreased at an annualized rate of 0.029%,  from $33.2M in 2017 to $33.1M in 2022.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €1.5M and imported €1.44M from Papua New Guinea, resulting in a positive trade balance of €57.1k. Between July 2023 and July 2024 the exports of Belgium have increased by €1.13M (310%) from €366k to €1.5M, while imports decreased by €-1.19M (-45.2%) from €2.63M to €1.44M.

Trade In July 2024, the top exports of Belgium to Papua New Guinea were Preparations of vegetables, fruit, nuts or... (€202k), Electrical machinery and electronics (€2.89k), Machinery, mechanical appliances, & parts (€2.49k), Rubber & articles thereof (€1.5k), and Furniture, bedding, lamps, & prefab buildings (€903). In July 2024 the top imports of Belgium from Papua New Guinea were Coffee, tea, mate & spices (€2.28M) and Animal or vegetable fats, oils, &... (€1.84M).

Growth In July 2024, the increase in Belgium's year-by-year exports to Papua New Guinea was explained primarily by an increase in product exports in Preparations of vegetables, fruit, nuts or... (€13.6k or 7.23%), Rubber & articles thereof (€1.39k or 1.19k%), and Furniture, bedding, lamps, & prefab buildings (€664 or 278%). In July 2024, the decrease in Belgium's year-by-year imports  from Papua New Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€1.13M(310%)
IMPORT GROWTH (July 2023 - July 2024)€-1.19M(-45.2%)

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 Papua New Guinea and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Papua New Guinea and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $10.7M to Papua New Guinea. The main products exported from Belgium to Papua New Guinea were Vaccines, blood, antisera, toxins and cultures ($5.07M), Other Frozen Vegetables ($2.35M), and Malt ($994k). During the last 5 years the exports of Belgium to Papua New Guinea have increased at an annualized rate of 1.26%, from $10.1M in 2017 to $10.7M in 2022.

In 2017, Papua New Guinea exported $33.1M to Belgium. The main products exported from Papua New Guinea to Belgium were Coconut Oil ($25.3M), Coffee ($4.25M), and Cocoa Beans ($2.43M). During the last 5 years the exports of Papua New Guinea to Belgium have decreased at an annualized rate of 0.029%, from $33.2M in 2022 to $33.1M in 2017.

Exports from Belgium (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Papua New Guinea
Top DestinationJapan$4.03B

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

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

In 2022, countries that imported more from Papua New Guinea than Belgium included Brunei ($321M) and Chinese Taipei ($1.46B).

Difference in imports from Papua New Guinea (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Papua New Guinea

Flow
Scale

This chart compares trade between Belgium and Papua New Guinea by product, considering products traded by both, Belgium and Papua New Guinea.

During 2022, Belgium had a large net trade with Papua New Guinea in the exports of Chemical Products ($6.02M), Foodstuffs ($2.98M), and Vegetable Products ($1.1M).

During 2017, Papua New Guinea had a large net trade with Belgium in the exports of Animal and Vegetable Bi-Products ($25.3M), Vegetable Products ($4.25M), and Foodstuffs ($3.41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Papua New Guinea+$1.49MVaccines, blood, antisera, toxins and cultures
Top Product Potential Papua New Guinea Belgium+$4.39MCoffee

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

Product Space of Belgium (Flag) and Papua New Guinea (Flag) (2022)

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