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2022
Flag → Flag
Exports $346kRnk 199 / 222
2022
Flag → Flag
Top Product $115kCombustion Engines
2022
Flag → Flag
Exports $236kRnk 74 / 80
2022
Flag → Flag
Top Product $381Trunks and Cases
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

Belgium-Marshall Islands Trade: In 2022, Belgium exported $346k to Marshall Islands. The main products that Belgium exported to Marshall Islands were Combustion Engines ($115k), Petroleum Gas ($98.2k), and Other Agricultural Machinery ($37.5k). Over the past 5 years the exports of Belgium to Marshall Islands have increased at an annualized rate of 8.32%, from $232k in 2017 to $346k in 2022.

In 2022, Belgium did not export any services to Marshall Islands.

Marshall Islands-Belgium In N/A, Marshall Islands did not export any products to Belgium.

In 2022, Marshall Islands 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, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €27.2k and imported €2 from Marshall Islands, resulting in a positive trade balance of €27.2k. Between July 2023 and July 2024 the exports of Belgium have increased by €23.2k (571%) from €4.06k to €27.2k, while imports remained the same by €0 (0%) from €2 to €2.

Trade In July 2024, the top exports of Belgium to Marshall Islands were Machinery, mechanical appliances, & parts (€664), Stone, plaster, cement, asbestos, mica. (€17), and Footwear (€7). In July 2024 the top imports of Belgium from Marshall Islands were .

Growth In July 2024, the increase in Belgium's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in . In July 2024, the change in Belgium's year-by-year imports  from Marshall Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€23.2k(571%)
IMPORT GROWTH (July 2023 - July 2024)€0(0%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Marshall Islands and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Marshall Islands and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $346k to Marshall Islands. The main products exported from Belgium to Marshall Islands were Combustion Engines ($115k), Petroleum Gas ($98.2k), and Other Agricultural Machinery ($37.5k). During the last 5 years the exports of Belgium to Marshall Islands have increased at an annualized rate of 8.32%, from $232k in 2017 to $346k in 2022.

Marshall Islands does not register exports to Belgium. The main products exported from Marshall Islands to Belgium were Trunks and Cases ($381) and Refined Petroleum ($3).

Exports from Belgium (Flag) to Marshall Islands (Flag) (2022)

Exports from Marshall Islands (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Marshall Islands
Top DestinationGermany$327M

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

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

In 2022, no countries were registered that imported more from Marshall Islands than from Belgium.

Difference in imports from Marshall Islands (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Marshall Islands

Flow
Scale

This chart compares trade between Belgium and Marshall Islands by product, considering products traded by both, Belgium and Marshall Islands.

During 2022, Belgium had a large net trade with Marshall Islands in the exports of Machines ($207k), Mineral Products ($100k), and Miscellaneous ($26.4k).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Marshall Islands (Flag) (2022)

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