Botswana (BWA) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Botswana-Belgium Trade: In 2022, Botswana exported $1.55B to Belgium. The main products that Botswana exported to Belgium were Diamonds ($1.55B), Non-Iron and Steel Slag, Ash and Residues ($2.56M), and Centrifuges ($1.15M). Over the past 5 years the exports of Botswana to Belgium have increased at an annualized rate of 2.48%, from $1.38B in 2017 to $1.55B in 2022.

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

Belgium-Botswana Trade: In 2022, Belgium exported $397M to Botswana. The main products that Belgium exported to Botswana were Diamonds ($382M), Vaccines, blood, antisera, toxins and cultures ($4.88M), and Other Plastic Products ($2.14M). Over the past 5 years the exports of Belgium to Botswana have increased at an annualized rate of 16.3%, from $87.5M in 2017 to $397M in 2022.

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

Comparison: In 2022, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B). 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, Botswana exported $1.55B to Belgium. The main products exported from Botswana to Belgium were Diamonds ($1.55B), Non-Iron and Steel Slag, Ash and Residues ($2.56M), and Centrifuges ($1.15M). During the last 5 years the exports of Botswana to Belgium have increased at an annualized rate of 2.48%, from $1.38B in 2017 to $1.55B in 2022.

In 2017, Belgium exported $397M to Botswana. The main products exported from Belgium to Botswana were Diamonds ($382M), Vaccines, blood, antisera, toxins and cultures ($4.88M), and Other Plastic Products ($2.14M). During the last 5 years the exports of Belgium to Botswana have increased at an annualized rate of 16.3%, from $87.5M in 2022 to $397M in 2017.

Exports from Botswana () to Belgium () (2022)

Exports from Belgium () to Botswana () (2022)

Latest Data

Trade between Botswana () and Belgium ()

Botswana Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Botswana
Top DestinationUnited Arab Emirates$2.31B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Botswana than Belgium included Namibia ($111M), Anguilla ($50M), and Zimbabwe ($62.6M).

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

Difference in imports from Belgium () and Botswana () (2022)

Comparative Advantage Botswana - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Botswana had a large net trade with Belgium in the exports of Precious Metals ($1.55B), Mineral Products ($2.56M), and Machines ($1.16M).

During 2017, Belgium had a large net trade with Botswana in the exports of Precious Metals ($382M), Chemical Products ($7.52M), and Machines ($2.73M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Botswana Belgium+$682kPrecious Metal Scraps

Top Product Potential Belgium Botswana+$2.19MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Botswana () to Belgium () (2022)

Exports from Belgium () to Botswana () (2022)

Latest Data

Trade between Botswana () and Belgium ()

Botswana Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Botswana () (2022)

Comparative Advantage Botswana - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Botswana () and Belgium () (2022)

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