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

About

Belgium-Sao Tome and Principe Trade: In 2022, Belgium exported $2.3M to Sao Tome and Principe. The main products that Belgium exported to Sao Tome and Principe were Engine Parts ($622k), Electric Motor Parts ($453k), and Poultry Meat ($451k). Over the past 5 years the exports of Belgium to Sao Tome and Principe have increased at an annualized rate of 4.07%, from $1.88M in 2017 to $2.3M in 2022.

In 2022, Belgium did not export any services to Sao Tome and Principe.

Sao Tome and Principe-Belgium Trade: In 2022, Sao Tome and Principe exported $3.19M to Belgium. The main products that Sao Tome and Principe exported to Belgium were Cocoa Beans ($2.89M), Coconut Oil ($181k), and Palm Oil ($26.6k). Over the past 5 years the exports of Sao Tome and Principe to Belgium have increased at an annualized rate of 19%, from $1.12M in 2017 to $3.19M in 2022.

In 2022, Sao Tome and Principe 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, Sao Tome and Principe ranked 207 in total exports ($29.8M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €47.2k and imported €57.8k from Sao Tome and Principe, resulting in a negative trade balance of €10.5k. Between July 2023 and July 2024 the exports of Belgium have decreased by €-8.75k (-15.6%) from €56k to €47.2k, while imports increased by €57.3k (12.2k%) from €471 to €57.8k.

Trade In July 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 July 2024 the top imports of Belgium from Sao Tome and Principe were Cocoa & cocoa preparations (€623).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Sao Tome and Principe was explained primarily by an decrease in product exports in . In July 2024, the increase in Belgium's year-by-year imports from Sao Tome and Principe was explained primarily by an increase in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belgium exported $2.3M to Sao Tome and Principe. The main products exported from Belgium to Sao Tome and Principe were Engine Parts ($622k), Electric Motor Parts ($453k), and Poultry Meat ($451k). During the last 5 years the exports of Belgium to Sao Tome and Principe have increased at an annualized rate of 4.07%, from $1.88M in 2017 to $2.3M in 2022.

In 2017, Sao Tome and Principe exported $3.19M to Belgium. The main products exported from Sao Tome and Principe to Belgium were Cocoa Beans ($2.89M), Coconut Oil ($181k), and Palm Oil ($26.6k). During the last 5 years the exports of Sao Tome and Principe to Belgium have increased at an annualized rate of 19%, from $1.12M in 2022 to $3.19M in 2017.

Exports from Belgium () to Sao Tome and Principe () (2022)

Exports from Sao Tome and Principe () to Belgium () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationGermany$91.9B

Sao Tome and Principe
Top DestinationNetherlands$7.77M

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

In 2022, 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 () (2022)

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 2022, Belgium had a large net trade with Sao Tome and Principe in the exports of Machines ($1.11M), Animal Products ($471k), and Transportation ($333k).

During 2017, Sao Tome and Principe had a large net trade with Belgium in the exports of Foodstuffs ($2.92M), Animal and Vegetable Bi-Products ($207k), and Machines ($50.4k).

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 () (2022)

Exports from Sao Tome and Principe () to Belgium () (2022)

Market Competitiveness

Difference in imports from Sao Tome and Principe () and Belgium () (2022)

Comparative Advantage Belgium - Sao Tome and Principe

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Sao Tome and Principe () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Sao Tome and Principe () (2022)

Exports from Sao Tome and Principe () to Belgium () (2022)

Market Competitiveness

Difference in imports from Sao Tome and Principe () and Belgium () (2022)

Comparative Advantage Belgium - Sao Tome and Principe

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Sao Tome and Principe () (2022)

Keep Exploring