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2023
Flag → Flag
Exports $192kRnk 2 / 40
2023
Flag → Flag
Top Product $192kSowing Seeds
2023
Flag → Flag
Exports $17.2kRnk 218 / 220
2023
Flag → Flag
Top Product $9.45kBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Norfolk Island-Belgium Trade: In 2023, Norfolk Island exported $192k to Belgium. The main products that Norfolk Island exported to Belgium were Sowing Seeds ($192k). Over the past 5 years the exports of Norfolk Island to Belgium have decreased at an annualized rate of 12.5%, from $374k in 2018 to $192k in 2023.

In 2023, Norfolk Island did not export any services to Belgium.

Belgium-Norfolk Island Trade: In 2023, Belgium exported $17.2k to Norfolk Island. The main products that Belgium exported to Norfolk Island were Broadcasting Equipment ($9.45k), Broadcasting Accessories ($5.23k), and Other Furniture ($1.35k). Over the past 5 years the exports of Belgium to Norfolk Island have increased at an annualized rate of 19.6%,  from $7.03k in 2018 to $17.2k in 2023.

In 2023, Belgium did not export any services to Norfolk Island.

Comparison In 2023,  Norfolk Island ranked 223 in total exports ($2.11M), 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, Norfolk Island exported $192k to Belgium. The main products exported from Norfolk Island to Belgium were Sowing Seeds ($192k). During the last 5 years the exports of Norfolk Island to Belgium have decreased at an annualized rate of 12.5%, from $374k in 2018 to $192k in 2023.

In 2018, Belgium exported $17.2k to Norfolk Island. The main products exported from Belgium to Norfolk Island were Broadcasting Equipment ($9.45k), Broadcasting Accessories ($5.23k), and Other Furniture ($1.35k). During the last 5 years the exports of Belgium to Norfolk Island have increased at an annualized rate of 19.6%, from $7.03k in 2023 to $17.2k in 2018.

Exports from Norfolk Island (Flag) to Belgium (Flag) (2023)

Exports from Belgium (Flag) to Norfolk Island (Flag) (2023)

Latest Data

Trade between Norfolk Island (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Norfolk Island
Top DestinationUnited States$655k
Belgium
Top DestinationFrance$85.6B

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

In 2023, no countries were registered that imported more from Norfolk Island than from Belgium.

In 2023, countries that imported more from Belgium than Norfolk Island included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

Difference in imports from Belgium (Flag) and Norfolk Island (Flag) (2023)

Comparative Advantage Norfolk Island - Belgium

Flow
Scale

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

During 2023, Norfolk Island had a large net trade with Belgium in the exports of Vegetable Products ($192k).

During 2018, Belgium had a large net trade with Norfolk Island in the exports of Machines ($15.9k) and Miscellaneous ($1.35k).

Economic Complexity

Competitive Landscape

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

Product Space of Norfolk Island (Flag) and Belgium (Flag) (2023)

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