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2022
Flag → Flag
Exports $1.54BRnk 39 / 222
2022
Flag → Flag
Top Product $327MRefined Petroleum
2022
Flag → Flag
Exports $4.2BRnk 12 / 214
2022
Flag → Flag
Top Product $1.14BDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186

About

Belgium-South Africa Trade: In 2022, Belgium exported $1.54B to South Africa. The main products that Belgium exported to South Africa were Refined Petroleum ($327M), Pesticides ($114M), and Packaged Medicaments ($74M). Over the past 5 years the exports of Belgium to South Africa have increased at an annualized rate of 10.3%, from $943M in 2017 to $1.54B in 2022.

In 2020, Belgium exported services to South Africa worth $180M, with Other business services ($105M), Transportation ($37.7M), and Computer and information services ($13.7M) being the largest in terms of value.

South Africa-Belgium Trade: In 2022, South Africa exported $4.2B to Belgium. The main products that South Africa exported to Belgium were Delivery Trucks ($1.14B), Sulfates ($519M), and Diamonds ($424M). Over the past 5 years the exports of South Africa to Belgium have increased at an annualized rate of 6.53%,  from $2.53B in 2017 to $4.2B in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €80M and imported €92.9M from South Africa, resulting in a negative trade balance of €12.9M. Between August 2023 and August 2024 the exports of Belgium have decreased by €-10.5M (-11.6%) from €90.5M to €80M, while imports decreased by €-68M (-42.3%) from €161M to €92.9M.

Trade In August 2024, the top exports of Belgium to South Africa were Pharmaceutical products (€88.3M), Machinery, mechanical appliances, & parts (€11.2M), Mineral fuels, mineral oils and products... (€10.1M), Products of the milling industry (€9.81M), and Electrical machinery and electronics (€8.94M). In August 2024 the top imports of Belgium from South Africa were Precious stones, metals, & pearls (€57.9M), Mineral fuels, mineral oils and products... (€23M), Cars, tractors, trucks & parts thereof. (€17.9M), Ores, slag and ash (€10.7M), and Iron & steel (€5.49M).

Growth In August 2024, the decrease in Belgium's year-by-year exports to South Africa was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-37.2M or -78.7%), Unclassified (€-2.4M or -91.9%), and Precious stones, metals, & pearls (€-1.8M or -81%). In August 2024, the decrease in Belgium's year-by-year imports  from South Africa was explained primarily by an decrease in product imports  in Precious stones, metals, & pearls (€-34.9M or -37.6%), Cars, tractors, trucks & parts thereof. (€-11.3M or -38.6%), and Iron & steel (€-4.17M or -43.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-10.5M(-11.6%)
IMPORT GROWTH (August 2023 - August 2024)€-68M(-42.3%)

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 South Africa and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $1.54B to South Africa. The main products exported from Belgium to South Africa were Refined Petroleum ($327M), Pesticides ($114M), and Packaged Medicaments ($74M). During the last 5 years the exports of Belgium to South Africa have increased at an annualized rate of 10.3%, from $943M in 2017 to $1.54B in 2022.

In 2017, South Africa exported $4.2B to Belgium. The main products exported from South Africa to Belgium were Delivery Trucks ($1.14B), Sulfates ($519M), and Diamonds ($424M). During the last 5 years the exports of South Africa to Belgium have increased at an annualized rate of 6.53%, from $2.53B in 2022 to $4.2B in 2017.

Exports from Belgium (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
South Africa
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from South Africa than Belgium included China ($23.4B), Mozambique ($5.43B), and Botswana ($4.74B).

Difference in imports from South Africa (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - South Africa

Flow
Scale

This chart compares trade between Belgium and South Africa by product, considering products traded by both, Belgium and South Africa.

During 2022, Belgium had a large net trade with South Africa in the exports of Chemical Products ($413M), Mineral Products ($350M), and Metals ($163M).

During 2017, South Africa had a large net trade with Belgium in the exports of Transportation ($1.33B), Chemical Products ($1.18B), and Precious Metals ($760M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium South Africa+$138MRefined Petroleum
Top Product Potential South Africa Belgium+$113MCars

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

Product Space of Belgium (Flag) and South Africa (Flag) (2022)

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