Benin (BEN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Benin-Belgium Trade: In 2022, Benin exported $8.22M to Belgium. The main products that Benin exported to Belgium were Soybeans ($2.1M), Cranes ($1.11M), and Cellulose Fibers Paper ($1.03M). Over the past 5 years the exports of Benin to Belgium have decreased at an annualized rate of 0.86%, from $8.58M in 2017 to $8.22M in 2022.

In 2022, Benin did not export any services to Belgium.

Belgium-Benin Trade: In 2022, Belgium exported $145M to Benin. The main products that Belgium exported to Benin were Combustion Engines ($31.5M), Cars ($27M), and Vaccines, blood, antisera, toxins and cultures ($11M). Over the past 5 years the exports of Belgium to Benin have increased at an annualized rate of 10.5%, from $79.9M in 2017 to $145M in 2022.

In 2022, Belgium did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Benin exported $8.22M to Belgium. The main products exported from Benin to Belgium were Soybeans ($2.1M), Cranes ($1.11M), and Cellulose Fibers Paper ($1.03M). During the last 5 years the exports of Benin to Belgium have decreased at an annualized rate of 0.86%, from $8.58M in 2017 to $8.22M in 2022.

In 2017, Belgium exported $145M to Benin. The main products exported from Belgium to Benin were Combustion Engines ($31.5M), Cars ($27M), and Vaccines, blood, antisera, toxins and cultures ($11M). During the last 5 years the exports of Belgium to Benin have increased at an annualized rate of 10.5%, from $79.9M in 2022 to $145M in 2017.

Exports from Benin () to Belgium () (2022)

Exports from Belgium () to Benin () (2022)

Latest Data

Trade between Benin () and Belgium ()

Benin Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Benin than Belgium included Bangladesh ($406M) and Norfolk Island ($40.1k).

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

Difference in imports from Belgium () and Benin () (2022)

Comparative Advantage Benin - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Belgium in the exports of Vegetable Products ($2.74M), Machines ($2.47M), and Paper Goods ($1.03M).

During 2017, Belgium had a large net trade with Benin in the exports of Machines ($45.2M), Transportation ($41.6M), and Chemical Products ($17.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Belgium+$2.6MSoybeans

Top Product Potential Belgium Benin+$11.9MRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Belgium () (2022)

Exports from Belgium () to Benin () (2022)

Latest Data

Trade between Benin () and Belgium ()

Benin Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Benin () (2022)

Comparative Advantage Benin - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Belgium () (2022)

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