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Pricing

2022
Flag → Flag
Exports $21.4MRnk 149 / 222
2022
Flag → Flag
Top Product $4.46MDiamonds
2022
Flag → Flag
Exports $200MRnk 10 / 173
2022
Flag → Flag
Top Product $124MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

Belgium-Namibia Trade: In 2022, Belgium exported $21.4M to Namibia. The main products that Belgium exported to Namibia were Diamonds ($4.46M), Industrial Food Preperation Machinery ($2.84M), and Vaccines, blood, antisera, toxins and cultures ($2.19M). Over the past 5 years the exports of Belgium to Namibia have decreased at an annualized rate of 2.05%, from $23.7M in 2017 to $21.4M in 2022.

In 2022, Belgium did not export any services to Namibia.

Namibia-Belgium Trade: In 2022, Namibia exported $200M to Belgium. The main products that Namibia exported to Belgium were Diamonds ($124M), Copper Ore ($59.8M), and Wood Charcoal ($5.4M). Over the past 5 years the exports of Namibia to Belgium have decreased at an annualized rate of 13.3%,  from $409M in 2017 to $200M in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Latest Trends

N/A

About

Overview In N/A, Belgium exported €N/A and imported €N/A from Namibia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Belgium have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Belgium to Namibia were . In N/A the top imports of Belgium from Namibia were .

Growth In N/A, the N/A in Belgium's year-by-year exports to Namibia was explained primarily by an decrease in product exports in . In N/A, the N/A in Belgium's year-by-year imports  from Namibia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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 Namibia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Namibia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $21.4M to Namibia. The main products exported from Belgium to Namibia were Diamonds ($4.46M), Industrial Food Preperation Machinery ($2.84M), and Vaccines, blood, antisera, toxins and cultures ($2.19M). During the last 5 years the exports of Belgium to Namibia have decreased at an annualized rate of 2.05%, from $23.7M in 2017 to $21.4M in 2022.

In 2017, Namibia exported $200M to Belgium. The main products exported from Namibia to Belgium were Diamonds ($124M), Copper Ore ($59.8M), and Wood Charcoal ($5.4M). During the last 5 years the exports of Namibia to Belgium have decreased at an annualized rate of 13.3%, from $409M in 2022 to $200M in 2017.

Exports from Belgium (Flag) to Namibia (Flag) (2022)

Exports from Namibia (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Namibia
Top DestinationSouth Africa$1.75B

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

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

In 2022, countries that imported more from Namibia than Belgium included Botswana ($672M), South Africa ($1.75B), and Zambia ($279M).

Difference in imports from Namibia (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Namibia

Flow
Scale

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

During 2022, Belgium had a large net trade with Namibia in the exports of Machines ($6.59M), Chemical Products ($5.47M), and Precious Metals ($4.46M).

During 2017, Namibia had a large net trade with Belgium in the exports of Precious Metals ($124M), Mineral Products ($66.1M), and Wood Products ($5.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Namibia+$2.04MRefined Petroleum
Top Product Potential Namibia Belgium+$1.06MFish Fillets

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

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

Product Space of Belgium (Flag) and Namibia (Flag) (2022)

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