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2023
Flag → Flag
Exports $68.1MRnk 124 / 220
2023
Flag → Flag
Top Product $24.9MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $72.5MRnk 3 / 124
2023
Flag → Flag
Top Product $42.7MTitanium Ore
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$6.41BCURRENT US$
Rnk 158 / 195
2013-2023
Flag
GDP GROWTH-16.7%CURRENT US$
Rnk 188 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$758CURRENT US$
Rnk 185 / 196
2013-2023
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GDP PC GROWTH-33.9%CURRENT US$
Rnk 189 / 195

About

Belgium-Sierra Leone Trade: In 2023, Belgium exported $68.1M to Sierra Leone. The main products that Belgium exported to Sierra Leone were Vaccines, blood, antisera, toxins and cultures ($24.9M), Refined Petroleum ($13.7M), and Electric Generating Sets ($10.8M). Over the past 5 years the exports of Belgium to Sierra Leone have increased at an annualized rate of 1.89%, from $62M in 2018 to $68.1M in 2023.

In 2023, Belgium did not export any services to Sierra Leone.

Sierra Leone-Belgium Trade: In 2023, Sierra Leone exported $72.5M to Belgium. The main products that Sierra Leone exported to Belgium were Titanium Ore ($42.7M), Diamonds ($29.4M), and Cocoa Beans ($172k). Over the past 5 years the exports of Sierra Leone to Belgium have decreased at an annualized rate of 9.68%,  from $121M in 2018 to $72.5M in 2023.

In 2023, Sierra Leone 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, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €1.4M and imported €7.71M from Sierra Leone, resulting in a negative trade balance of €6.31M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-9.24M (-86.9%) from €10.6M to €1.4M, while imports increased by €6.69M (658%) from €1.02M to €7.71M.

Trade In October 2024, the top exports of Belgium to Sierra Leone were Pharmaceutical products (€3.37M), Machinery, mechanical appliances, & parts (€233k), Cars, tractors, trucks & parts thereof. (€224k), Mineral fuels, mineral oils and products... (€189k), and Preparations of vegetables, fruit, nuts or... (€99.3k). In October 2024 the top imports of Belgium from Sierra Leone were Ores, slag and ash (€27.6M), Precious stones, metals, & pearls (€87.4k), Cocoa & cocoa preparations (€4.28k), Coffee, tea, mate & spices (€901), and Copper articles (€179).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Sierra Leone was explained primarily by an decrease in product exports in Optical, photo, & film equipment; medical... (€-209k or -80%), Cars, tractors, trucks & parts thereof. (€-145k or -39.3%), and Perfumery & cosmetics (€-51.5k or -99.5%). In October 2024, the increase in Belgium's year-by-year imports  from Sierra Leone was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-9.24M(-86.9%)
IMPORT GROWTH (October 2023 - October 2024)€6.69M(658%)

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 Sierra Leone and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sierra Leone and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $68.1M to Sierra Leone. The main products exported from Belgium to Sierra Leone were Vaccines, blood, antisera, toxins and cultures ($24.9M), Refined Petroleum ($13.7M), and Electric Generating Sets ($10.8M). During the last 5 years the exports of Belgium to Sierra Leone have increased at an annualized rate of 1.89%, from $62M in 2018 to $68.1M in 2023.

In 2018, Sierra Leone exported $72.5M to Belgium. The main products exported from Sierra Leone to Belgium were Titanium Ore ($42.7M), Diamonds ($29.4M), and Cocoa Beans ($172k). During the last 5 years the exports of Sierra Leone to Belgium have decreased at an annualized rate of 9.68%, from $121M in 2023 to $72.5M in 2018.

Exports from Belgium (Flag) to Sierra Leone (Flag) (2023)

Exports from Sierra Leone (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Sierra Leone
Top DestinationChina$1.03B

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

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

In 2023, no countries were registered that imported more from Sierra Leone than from Belgium.

Difference in imports from Sierra Leone (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Sierra Leone

Flow
Scale

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

During 2023, Belgium had a large net trade with Sierra Leone in the exports of Chemical Products ($26.5M), Machines ($14.4M), and Mineral Products ($13.7M).

During 2018, Sierra Leone had a large net trade with Belgium in the exports of Mineral Products ($42.7M), Precious Metals ($29.4M), and Foodstuffs ($181k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Sierra Leone+$1.55MCars
Top Product Potential Sierra Leone Belgium+$13.3MDiamonds

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

Product Space of Belgium (Flag) and Sierra Leone (Flag) (2023)

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