Belgium (BEL) and Saint Vincent and the Grenadines (VCT) Trade

About

Belgium-Saint Vincent and the Grenadines Trade: In 2022, Belgium exported $536k to Saint Vincent and the Grenadines. The main products that Belgium exported to Saint Vincent and the Grenadines were Animal Food ($176k), Other Frozen Vegetables ($153k), and Milk ($64k). Over the past 5 years the exports of Belgium to Saint Vincent and the Grenadines have decreased at an annualized rate of 4.19%, from $664k in 2017 to $536k in 2022.

In 2022, Belgium did not export any services to Saint Vincent and the Grenadines.

Saint Vincent and the Grenadines-Belgium Trade: In 2022, Saint Vincent and the Grenadines exported $4.17k to Belgium. The main products that Saint Vincent and the Grenadines exported to Belgium were Bicycles, delivery tricycles, other cycles ($1.84k), Medical Instruments ($948), and Knit T-shirts ($725). Over the past 5 years the exports of Saint Vincent and the Grenadines to Belgium have decreased at an annualized rate of 1.45%, from $4.48k in 2017 to $4.17k in 2022.

In 2022, Saint Vincent and the Grenadines 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, Saint Vincent and the Grenadines ranked 197 in total exports ($82.5M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €40.9k and imported €40.9k from Saint Vincent and the Grenadines, resulting in a negative trade balance of €9. Between August 2023 and August 2024 the exports of Belgium have increased by €2.27k (5.88%) from €38.6k to €40.9k, while imports decreased by €-135k (-76.7%) from €176k to €40.9k.

Trade In August 2024, the top exports of Belgium to Saint Vincent and the Grenadines were Pharmaceutical products (€50.8k), Machinery, mechanical appliances, & parts (€6.89k), Umbrellas, walking sticks, & whips (€2.4k), Iron/Steel Articles (€2.12k), and Glass & glassware (€1.59k). In August 2024 the top imports of Belgium from Saint Vincent and the Grenadines were .

Growth In August 2024, the increase in Belgium's year-by-year exports to Saint Vincent and the Grenadines was explained primarily by an increase in product exports in . In April 2024, the decrease in Belgium's year-by-year imports from Saint Vincent and the Grenadines was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belgium exported $536k to Saint Vincent and the Grenadines. The main products exported from Belgium to Saint Vincent and the Grenadines were Animal Food ($176k), Other Frozen Vegetables ($153k), and Milk ($64k). During the last 5 years the exports of Belgium to Saint Vincent and the Grenadines have decreased at an annualized rate of 4.19%, from $664k in 2017 to $536k in 2022.

In 2017, Saint Vincent and the Grenadines exported $4.17k to Belgium. The main products exported from Saint Vincent and the Grenadines to Belgium were Bicycles, delivery tricycles, other cycles ($1.84k), Medical Instruments ($948), and Knit T-shirts ($725). During the last 5 years the exports of Saint Vincent and the Grenadines to Belgium have decreased at an annualized rate of 1.45%, from $4.48k in 2022 to $4.17k in 2017.

Exports from Belgium () to Saint Vincent and the Grenadines () (2022)

Exports from Saint Vincent and the Grenadines () to Belgium () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationGermany$91.9B

Saint Vincent and the Grenadines
Top DestinationMalaysia$27.8M

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

In 2022, countries that imported more from Belgium than Saint Vincent and the Grenadines included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Saint Vincent and the Grenadines than Belgium included Barbados ($6.84M), Grenada ($2.78M), and Antigua and Barbuda ($3.5M).

Difference in imports from Saint Vincent and the Grenadines () and Belgium () (2022)

Comparative Advantage Belgium - Saint Vincent and the Grenadines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belgium and Saint Vincent and the Grenadines by product, considering products traded by both, Belgium and Saint Vincent and the Grenadines.

During 2022, Belgium had a large net trade with Saint Vincent and the Grenadines in the exports of Foodstuffs ($374k), Animal Products ($64k), and Machines ($50.3k).

During 2017, Saint Vincent and the Grenadines had a large net trade with Belgium in the exports of Transportation ($1.84k), Instruments ($948), and Textiles ($725).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Saint Vincent and the Grenadines () (2022)

Exports from Saint Vincent and the Grenadines () to Belgium () (2022)

Market Competitiveness

Difference in imports from Saint Vincent and the Grenadines () and Belgium () (2022)

Comparative Advantage Belgium - Saint Vincent and the Grenadines

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Saint Vincent and the Grenadines () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Saint Vincent and the Grenadines () (2022)

Exports from Saint Vincent and the Grenadines () to Belgium () (2022)

Market Competitiveness

Difference in imports from Saint Vincent and the Grenadines () and Belgium () (2022)

Comparative Advantage Belgium - Saint Vincent and the Grenadines

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Saint Vincent and the Grenadines () (2022)

Keep Exploring