Belgium (BEL) and Sao Tome and Principe (STP) Trade | The Observatory of Economic Complexity

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Belgium-Sao Tome and Principe Trade: In 2023, Belgium exported $1.69M to Sao Tome and Principe. The main products that Belgium exported to Sao Tome and Principe were Engine Parts ($657k), Vaccines, blood, antisera, toxins and cultures ($369k), and Poultry Meat ($159k). Over the past 5 years the exports of Belgium to Sao Tome and Principe have decreased at an annualized rate of 2.29%, from $1.9M in 2018 to $1.69M in 2023.

In 2023, Belgium did not export any services to Sao Tome and Principe.

Sao Tome and Principe-Belgium Trade: In 2023, Sao Tome and Principe exported $374k to Belgium. The main products that Sao Tome and Principe exported to Belgium were Cocoa Beans ($267k), Coconut Oil ($66.8k), and Coconuts, Brazil Nuts, and Cashews ($19.4k). Over the past 5 years the exports of Sao Tome and Principe to Belgium have decreased at an annualized rate of 29.1%, from $2.09M in 2018 to $374k in 2023.

In 2023, Sao Tome and Principe 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, Sao Tome and Principe ranked 202 in total exports ($57.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €993k and imported €44.7k from Sao Tome and Principe, resulting in a positive trade balance of €949k. Between October 2023 and October 2024 the exports of Belgium have increased by €449k (82.5%) from €544k to €993k, while imports decreased by €-3.15k (-6.58%) from €47.9k to €44.7k.

Trade In October 2024, the top exports of Belgium to Sao Tome and Principe were Used clothes & textile articles (€38.6k) and Cars, tractors, trucks & parts thereof. (€18.9k). In October 2024 the top imports of Belgium from Sao Tome and Principe were Cocoa & cocoa preparations (€623).

Growth In October 2024, the increase in Belgium's year-by-year exports to Sao Tome and Principe was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€16.4k or 656%). In October 2024, the decrease in Belgium's year-by-year imports from Sao Tome and Principe was explained primarily by an decrease in product imports in Cocoa & cocoa preparations (€-23.8k or -97.4%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $1.69M to Sao Tome and Principe. The main products exported from Belgium to Sao Tome and Principe were Engine Parts ($657k), Vaccines, blood, antisera, toxins and cultures ($369k), and Poultry Meat ($159k). During the last 5 years the exports of Belgium to Sao Tome and Principe have decreased at an annualized rate of 2.29%, from $1.9M in 2018 to $1.69M in 2023.

In 2018, Sao Tome and Principe exported $374k to Belgium. The main products exported from Sao Tome and Principe to Belgium were Cocoa Beans ($267k), Coconut Oil ($66.8k), and Coconuts, Brazil Nuts, and Cashews ($19.4k). During the last 5 years the exports of Sao Tome and Principe to Belgium have decreased at an annualized rate of 29.1%, from $2.09M in 2023 to $374k in 2018.

Exports from Belgium () to Sao Tome and Principe () (2023)

Exports from Sao Tome and Principe () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

Sao Tome and Principe
Top DestinationPakistan$30.8M

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

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

In 2023, no countries were registered that imported more from Sao Tome and Principe than from Belgium.

Difference in imports from Sao Tome and Principe () and Belgium () (2023)

Comparative Advantage Belgium - Sao Tome and Principe

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belgium and Sao Tome and Principe by product, considering products traded by both, Belgium and Sao Tome and Principe.

During 2023, Belgium had a large net trade with Sao Tome and Principe in the exports of Machines ($658k), Chemical Products ($374k), and Animal Products ($234k).

During 2018, Sao Tome and Principe had a large net trade with Belgium in the exports of Foodstuffs ($271k), Animal and Vegetable Bi-Products ($66.8k), and Vegetable Products ($22.1k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Belgium and Sao Tome and Principe. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Sao Tome and Principe. Similarly, a dot/product with the flag of Sao Tome and Principe indicates it has a comparative advantage over Belgium.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Sao Tome and Principe () (2023)

Exports from Sao Tome and Principe () to Belgium () (2023)

Market Competitiveness

Difference in imports from Sao Tome and Principe () and Belgium () (2023)

Comparative Advantage Belgium - Sao Tome and Principe

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Sao Tome and Principe () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Sao Tome and Principe () (2023)

Exports from Sao Tome and Principe () to Belgium () (2023)

Market Competitiveness

Difference in imports from Sao Tome and Principe () and Belgium () (2023)

Comparative Advantage Belgium - Sao Tome and Principe

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Sao Tome and Principe () (2023)

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