2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
Flag
 GDP
$1.63BCURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP GROWTH
65.1%CURRENT US$
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2022
Flag
GDP PC 
$49,583CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
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2022
Flag
GDP PC
$776CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
29.6%CURRENT US$
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About

Belgium-Guinea-Bissau Trade: In 2022, Belgium exported $9.39M to Guinea-Bissau. The main products that Belgium exported to Guinea-Bissau were Vaccines, blood, antisera, toxins and cultures ($4.16M), Cars ($1.81M), and Malt Extract ($1M). Over the past 5 years the exports of Belgium to Guinea-Bissau have increased at an annualized rate of 10.3%, from $5.75M in 2017 to $9.39M in 2022.

In 2022, Belgium did not export any services to Guinea-Bissau.

Guinea-Bissau-Belgium Trade: In 2022, Guinea-Bissau exported $35.6k to Belgium. The main products that Guinea-Bissau exported to Belgium were Vacuum Cleaners ($35k), Computers ($547), and Other Rubber Products ($97). Over the past 5 years the exports of Guinea-Bissau to Belgium have increased at an annualized rate of 118%,  from $723 in 2017 to $35.6k in 2022.

In 2022, Guinea-Bissau did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, Guinea-Bissau ranked 184 in total exports ($221M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $9.39M to Guinea-Bissau. The main products exported from Belgium to Guinea-Bissau were Vaccines, blood, antisera, toxins and cultures ($4.16M), Cars ($1.81M), and Malt Extract ($1M). During the last 5 years the exports of Belgium to Guinea-Bissau have increased at an annualized rate of 10.3%, from $5.75M in 2017 to $9.39M in 2022.

In 2017, Guinea-Bissau exported $35.6k to Belgium. The main products exported from Guinea-Bissau to Belgium were Vacuum Cleaners ($35k), Computers ($547), and Other Rubber Products ($97). During the last 5 years the exports of Guinea-Bissau to Belgium have increased at an annualized rate of 118%, from $723 in 2022 to $35.6k in 2017.

Exports from Belgium (Flag) to Guinea-Bissau (Flag) (2022)

Exports from Guinea-Bissau (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Guinea-Bissau
Top Destination
India$203M

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

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

In 2022, no countries were registered that imported more from Guinea-Bissau than from Belgium.

Difference in imports from Guinea-Bissau (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Guinea-Bissau

Flow
Scale

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

During 2022, Belgium had a large net trade with Guinea-Bissau in the exports of Chemical Products ($4.22M), Transportation ($2.47M), and Foodstuffs ($1M).

During 2017, Guinea-Bissau had a large net trade with Belgium in the exports of Machines ($35.5k), Plastics and Rubbers ($97), and Footwear and Headwear ($24).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Guinea-Bissau (Flag) (2022)

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