2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$3.16BCURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP GROWTH
173%CURRENT US$
Rnk 5 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$2,358CURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP PC GROWTH
131%CURRENT US$
Rnk 3 / 186

About

Belgium-Timor-Leste Trade: In 2022, Belgium exported $5.16M to Timor-Leste. The main products that Belgium exported to Timor-Leste were Beer ($2.48M), Malt ($717k), and Malt Extract ($636k). Over the past 5 years the exports of Belgium to Timor-Leste have decreased at an annualized rate of 14.3%, from $11.1M in 2017 to $5.16M in 2022.

In 2022, Belgium did not export any services to Timor-Leste.

Timor-Leste-Belgium Trade: In 2022, Timor-Leste exported $751k to Belgium. The main products that Timor-Leste exported to Belgium were Coffee ($582k), Iron Housewares ($61.2k), and Other Furniture ($22.8k). Over the past 5 years the exports of Timor-Leste to Belgium have increased at an annualized rate of 8.32%,  from $397k in 2017 to $751k in 2022.

In 2022, Timor-Leste 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, Timor-Leste ranked 170 in total exports ($513M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $5.16M to Timor-Leste. The main products exported from Belgium to Timor-Leste were Beer ($2.48M), Malt ($717k), and Malt Extract ($636k). During the last 5 years the exports of Belgium to Timor-Leste have decreased at an annualized rate of 14.3%, from $11.1M in 2017 to $5.16M in 2022.

In 2017, Timor-Leste exported $751k to Belgium. The main products exported from Timor-Leste to Belgium were Coffee ($582k), Iron Housewares ($61.2k), and Other Furniture ($22.8k). During the last 5 years the exports of Timor-Leste to Belgium have increased at an annualized rate of 8.32%, from $397k in 2022 to $751k in 2017.

Exports from Belgium (Flag) to Timor-Leste (Flag) (2022)

Exports from Timor-Leste (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Timor-Leste
Top Destination
China$131M

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

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

In 2022, no countries were registered that imported more from Timor-Leste than from Belgium.

Difference in imports from Timor-Leste (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Timor-Leste

Flow
Scale

This chart compares trade between Belgium and Timor-Leste by product, considering products traded by both, Belgium and Timor-Leste.

During 2022, Belgium had a large net trade with Timor-Leste in the exports of Foodstuffs ($3.32M), Vegetable Products ($717k), and Machines ($712k).

During 2017, Timor-Leste had a large net trade with Belgium in the exports of Vegetable Products ($582k), Metals ($61.2k), and Miscellaneous ($34.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Timor-Leste (Flag) (2022)

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