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2022
Flag → Flag
Exports $877MRnk 48 / 222
2022
Flag → Flag
Top Product $669MRefined Petroleum
2022
Flag → Flag
Exports $54.5MRnk 22 / 160
2022
Flag → Flag
Top Product $13.6MTanks and Armored vehicles
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Belgium-Senegal Trade: In 2022, Belgium exported $877M to Senegal. The main products that Belgium exported to Senegal were Refined Petroleum ($669M), Cars ($34.9M), and Delivery Trucks ($15.9M). Over the past 5 years the exports of Belgium to Senegal have increased at an annualized rate of 24.6%, from $292M in 2017 to $877M in 2022.

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

Senegal-Belgium Trade: In 2022, Senegal exported $54.5M to Belgium. The main products that Senegal exported to Belgium were Tanks and Armored vehicles ($13.6M), Scrap Copper ($6.82M), and Calcium Phosphates ($5.95M). Over the past 5 years the exports of Senegal to Belgium have increased at an annualized rate of 33.1%,  from $13M in 2017 to $54.5M in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €43.2M and imported €999k from Senegal, resulting in a positive trade balance of €42.2M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-28.3M (-39.6%) from €71.5M to €43.2M, while imports increased by €237k (31.1%) from €762k to €999k.

Trade In August 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 August 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 August 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 August 2024, the increase in Belgium's year-by-year imports  from Senegal was explained primarily by an increase in product imports  in Copper articles (€1.35M or 448%) and Edible vegetables, roots, & tubers (€19.2k or 121%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-28.3M(-39.6%)
IMPORT GROWTH (August 2023 - August 2024)€237k(31.1%)

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 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 2022, Belgium exported $877M to Senegal. The main products exported from Belgium to Senegal were Refined Petroleum ($669M), Cars ($34.9M), and Delivery Trucks ($15.9M). During the last 5 years the exports of Belgium to Senegal have increased at an annualized rate of 24.6%, from $292M in 2017 to $877M in 2022.

In 2017, Senegal exported $54.5M to Belgium. The main products exported from Senegal to Belgium were Tanks and Armored vehicles ($13.6M), Scrap Copper ($6.82M), and Calcium Phosphates ($5.95M). During the last 5 years the exports of Senegal to Belgium have increased at an annualized rate of 33.1%, from $13M in 2022 to $54.5M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Senegal
Top DestinationMali$1.13B

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

In 2022, countries that imported more from Senegal than Belgium included Mali ($1.13B), Gambia ($177M), and Guinea-Bissau ($88.4M).

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

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 2022, Belgium had a large net trade with Senegal in the exports of Mineral Products ($670M), Transportation ($60.3M), and Chemical Products ($36.6M).

During 2017, Senegal had a large net trade with Belgium in the exports of Mineral Products ($15.9M), Transportation ($14.1M), and Metals ($12.3M).

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) (2022)

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