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2023
Flag → Flag
Exports $698MRnk 50 / 220
2023
Flag → Flag
Top Product $470MRefined Petroleum
2023
Flag → Flag
Exports $45.2MRnk 22 / 156
2023
Flag → Flag
Top Product $13.7MCalcium Phosphates
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Belgium-Senegal Trade: In 2023, Belgium exported $698M to Senegal. The main products that Belgium exported to Senegal were Refined Petroleum ($470M), Cars ($32.9M), and Copper Wire ($18.5M). Over the past 5 years the exports of Belgium to Senegal have increased at an annualized rate of 5.01%, from $547M in 2018 to $698M in 2023.

In 2023, Belgium did not export any services to Senegal.

Senegal-Belgium Trade: In 2023, Senegal exported $45.2M to Belgium. The main products that Senegal exported to Belgium were Calcium Phosphates ($13.7M), Refined Petroleum ($11.4M), and Scrap Copper ($10.2M). Over the past 5 years the exports of Senegal to Belgium have increased at an annualized rate of 3.21%,  from $35.1M in 2018 to $45.2M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €25.8M and imported €196k from Senegal, resulting in a positive trade balance of €25.6M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-73.5M (-74%) from €99.3M to €25.8M, while imports decreased by €-5.7M (-96.7%) from €5.89M to €196k.

Trade In October 2024, the top exports of Belgium to Senegal were Mineral fuels, mineral oils and products... (€8.41M), Cars, tractors, trucks & parts thereof. (€4.01M), Machinery, mechanical appliances, & parts (€1.93M), Copper articles (€1.4M), and Preparations of cereals, flour, starch or... (€817k). In October 2024 the top imports of Belgium from Senegal were Copper articles (€1.65M), Salt, sulphur, cement, lime, stone, &... (€94.1k), Edible vegetables, roots, & tubers (€35k), Ores, slag and ash (€11.5k), and Electrical machinery and electronics (€1.08k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Senegal was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-159M or -95%), Plastics & articles thereof (€-635k or -68.5%), and Chemical products n.e.s. (€-432k or -55%). In October 2024, the decrease in Belgium's year-by-year imports  from Senegal was explained primarily by an decrease in product imports  in Electrical machinery and electronics (€-4.87k or -81.8%), Ores, slag and ash (€-3.36k or -22.6%), and Mineral fuels, mineral oils and products... (€-109 or -42.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-73.5M(-74%)
IMPORT GROWTH (October 2023 - October 2024)€-5.7M(-96.7%)

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 Senegal and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Senegal and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $698M to Senegal. The main products exported from Belgium to Senegal were Refined Petroleum ($470M), Cars ($32.9M), and Copper Wire ($18.5M). During the last 5 years the exports of Belgium to Senegal have increased at an annualized rate of 5.01%, from $547M in 2018 to $698M in 2023.

In 2018, Senegal exported $45.2M to Belgium. The main products exported from Senegal to Belgium were Calcium Phosphates ($13.7M), Refined Petroleum ($11.4M), and Scrap Copper ($10.2M). During the last 5 years the exports of Senegal to Belgium have increased at an annualized rate of 3.21%, from $35.1M in 2023 to $45.2M in 2018.

Exports from Belgium (Flag) to Senegal (Flag) (2023)

Exports from Senegal (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Senegal
Top DestinationMali$1.22B

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

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

In 2023, countries that imported more from Senegal than Belgium included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

Difference in imports from Senegal (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Senegal

Flow
Scale

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

During 2023, Belgium had a large net trade with Senegal in the exports of Mineral Products ($486M), Transportation ($63.3M), and Machines ($40M).

During 2018, Senegal had a large net trade with Belgium in the exports of Mineral Products ($28.6M), Metals ($10.3M), and Machines ($4.36M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Senegal+$9.38MCars
Top Product Potential Senegal Belgium+$4.82MRefined Petroleum

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

Product Space of Belgium (Flag) and Senegal (Flag) (2023)

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