2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

British Indian Ocean Territory-Belgium Trade: In 2022, British Indian Ocean Territory exported $55 to Belgium. The main products that British Indian Ocean Territory exported to Belgium were Coffee ($55). Over the past 5 years the exports of British Indian Ocean Territory to Belgium have decreased at an annualized rate of 47.8%, from $1.42k in 2017 to $55 in 2022.

In 2022, British Indian Ocean Territory did not export any services to Belgium.

Belgium-British Indian Ocean Territory Trade: In 2022, Belgium exported $71.8k to British Indian Ocean Territory. The main products that Belgium exported to British Indian Ocean Territory were Machinery Having Individual Functions ($51.8k), Float Glass ($18.4k), and Ketones and Quinones ($1.66k). Over the past 5 years the exports of Belgium to British Indian Ocean Territory have increased at an annualized rate of 44.2%,  from $11.5k in 2017 to $71.8k in 2022.

In 2022, Belgium did not export any services to British Indian Ocean Territory.

Comparison In 2022,  British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index. 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
Value

In 2022, British Indian Ocean Territory exported $55 to Belgium. The main products exported from British Indian Ocean Territory to Belgium were Coffee ($55). During the last 5 years the exports of British Indian Ocean Territory to Belgium have decreased at an annualized rate of 47.8%, from $1.42k in 2017 to $55 in 2022.

In 2017, Belgium exported $71.8k to British Indian Ocean Territory. The main products exported from Belgium to British Indian Ocean Territory were Machinery Having Individual Functions ($51.8k), Float Glass ($18.4k), and Ketones and Quinones ($1.66k). During the last 5 years the exports of Belgium to British Indian Ocean Territory have increased at an annualized rate of 44.2%, from $11.5k in 2022 to $71.8k in 2017.

Exports from British Indian Ocean Territory (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to British Indian Ocean Territory (Flag) (2022)

Latest Data

Trade between British Indian Ocean Territory (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B

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

In 2022, no countries were registered that imported more from British Indian Ocean Territory than from Belgium.

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

Difference in imports from Belgium (Flag) and British Indian Ocean Territory (Flag) (2022)

Comparative Advantage British Indian Ocean Territory - Belgium

Flow
Scale

This chart compares trade between British Indian Ocean Territory and Belgium by product, considering products traded by both, British Indian Ocean Territory and Belgium.

During 2022, British Indian Ocean Territory had a large net trade with Belgium in the exports of Vegetable Products ($55).

During 2017, Belgium had a large net trade with British Indian Ocean Territory in the exports of Machines ($51.8k), Stone And Glass ($18.4k), and Chemical Products ($1.66k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential British Indian Ocean Territory Belgium+N/AN/A
Top Product Potential Belgium British Indian Ocean Territory+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

Product Space of British Indian Ocean Territory (Flag) and Belgium (Flag) (2022)

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