2023
Flag
 GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH
16.5%CURRENT US$
Rnk 113 / 195

About

British Indian Ocean Territory-Belgium Trade: In 2023, British Indian Ocean Territory exported $1.07k to Belgium. The main products that British Indian Ocean Territory exported to Belgium were Gaskets ($646), Iron Fasteners ($401), and Chemical Analysis Instruments ($18). Over the past 5 years the exports of British Indian Ocean Territory to Belgium have increased at an annualized rate of 43.3%, from $176 in 2018 to $1.07k in 2023.

In 2023, British Indian Ocean Territory did not export any services to Belgium.

Belgium-British Indian Ocean Territory Trade: In 2023, Belgium exported $5.84k to British Indian Ocean Territory. The main products that Belgium exported to British Indian Ocean Territory were Cars ($5.84k). Over the past 5 years the exports of Belgium to British Indian Ocean Territory have decreased at an annualized rate of 8.61%,  from $18.8k in 2018 to $5.84k in 2023.

In 2023, Belgium did not export any services to British Indian Ocean Territory.

Comparison In 2023,  British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Indian Ocean Territory exported $1.07k to Belgium. The main products exported from British Indian Ocean Territory to Belgium were Gaskets ($646), Iron Fasteners ($401), and Chemical Analysis Instruments ($18). During the last 5 years the exports of British Indian Ocean Territory to Belgium have increased at an annualized rate of 43.3%, from $176 in 2018 to $1.07k in 2023.

In 2018, Belgium exported $5.84k to British Indian Ocean Territory. The main products exported from Belgium to British Indian Ocean Territory were Cars ($5.84k). During the last 5 years the exports of Belgium to British Indian Ocean Territory have decreased at an annualized rate of 8.61%, from $18.8k in 2023 to $5.84k in 2018.

Exports from British Indian Ocean Territory (Flag) to Belgium (Flag) (2023)

Exports from Belgium (Flag) to British Indian Ocean Territory (Flag) (2023)

Latest Data

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

Belgium Exports

Market Competitiveness

Color
Belgium
Top Destination
France$85.6B

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 2023, no countries were registered that imported more from British Indian Ocean Territory than from Belgium.

In 2023, countries that imported more from Belgium than British Indian Ocean Territory included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium (Flag) and British Indian Ocean Territory (Flag) (2023)

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 2023, British Indian Ocean Territory had a large net trade with Belgium in the exports of Machines ($646), Metals ($401), and Instruments ($18).

During 2018, Belgium had a large net trade with British Indian Ocean Territory in the exports of Transportation ($5.84k).

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) (2023)

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