Papua New Guinea (PNG) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Belgium Trade: In 2022, Papua New Guinea exported $33.1M to Belgium. The main products that Papua New Guinea exported to Belgium were Coconut Oil ($25.3M), Coffee ($4.25M), and Cocoa Beans ($2.43M). Over the past 5 years the exports of Papua New Guinea to Belgium have decreased at an annualized rate of 0.029%, from $33.2M in 2017 to $33.1M in 2022.

In 2022, Papua New Guinea did not export any services to Belgium.

Belgium-Papua New Guinea Trade: In 2022, Belgium exported $10.7M to Papua New Guinea. The main products that Belgium exported to Papua New Guinea were Vaccines, blood, antisera, toxins and cultures ($5.07M), Other Frozen Vegetables ($2.35M), and Malt ($994k). Over the past 5 years the exports of Belgium to Papua New Guinea have increased at an annualized rate of 1.26%, from $10.1M in 2017 to $10.7M in 2022.

In 2022, Belgium did not export any services to Papua New Guinea.

Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). 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, Papua New Guinea exported $33.1M to Belgium. The main products exported from Papua New Guinea to Belgium were Coconut Oil ($25.3M), Coffee ($4.25M), and Cocoa Beans ($2.43M). During the last 5 years the exports of Papua New Guinea to Belgium have decreased at an annualized rate of 0.029%, from $33.2M in 2017 to $33.1M in 2022.

In 2017, Belgium exported $10.7M to Papua New Guinea. The main products exported from Belgium to Papua New Guinea were Vaccines, blood, antisera, toxins and cultures ($5.07M), Other Frozen Vegetables ($2.35M), and Malt ($994k). During the last 5 years the exports of Belgium to Papua New Guinea have increased at an annualized rate of 1.26%, from $10.1M in 2022 to $10.7M in 2017.

Exports from Papua New Guinea () to Belgium () (2022)

Exports from Belgium () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Papua New Guinea than Belgium included Brunei ($321M) and Chinese Taipei ($1.46B).

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

Difference in imports from Belgium () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Papua New Guinea and Belgium by product, considering products traded by both, Papua New Guinea and Belgium.

During 2022, Papua New Guinea had a large net trade with Belgium in the exports of Animal and Vegetable Bi-Products ($25.3M), Vegetable Products ($4.25M), and Foodstuffs ($3.41M).

During 2017, Belgium had a large net trade with Papua New Guinea in the exports of Chemical Products ($6.02M), Foodstuffs ($2.98M), and Vegetable Products ($1.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Papua New Guinea Belgium+$4.39MCoffee

Top Product Potential Belgium Papua New Guinea+$1.49MVaccines, blood, antisera, toxins and cultures

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 Papua New Guinea and Belgium. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Papua New Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Belgium () (2022)

Exports from Belgium () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Belgium ()

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Belgium () (2022)

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