Gambia (GMB) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Gambia-Belgium Trade: In 2022, Gambia exported $475k to Belgium. The main products that Gambia exported to Belgium were Compasses ($218k), Navigation Equipment ($74.6k), and Office Machine Parts ($52.6k). Over the past 5 years the exports of Gambia to Belgium have increased at an annualized rate of 28.6%, from $135k in 2017 to $475k in 2022.

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

Belgium-Gambia Trade: In 2022, Belgium exported $19.9M to Gambia. The main products that Belgium exported to Gambia were Vaccines, blood, antisera, toxins and cultures ($4.54M), Cars ($4.06M), and Malt Extract ($1.04M). Over the past 5 years the exports of Belgium to Gambia have decreased at an annualized rate of 2.91%, from $23.8M in 2017 to $19.9M in 2022.

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

Comparison In 2022, Gambia ranked 193 in total exports ($170M), and does not have data regarding Economic Complexity Index. 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, Gambia exported $475k to Belgium. The main products exported from Gambia to Belgium were Compasses ($218k), Navigation Equipment ($74.6k), and Office Machine Parts ($52.6k). During the last 5 years the exports of Gambia to Belgium have increased at an annualized rate of 28.6%, from $135k in 2017 to $475k in 2022.

In 2017, Belgium exported $19.9M to Gambia. The main products exported from Belgium to Gambia were Vaccines, blood, antisera, toxins and cultures ($4.54M), Cars ($4.06M), and Malt Extract ($1.04M). During the last 5 years the exports of Belgium to Gambia have decreased at an annualized rate of 2.91%, from $23.8M in 2022 to $19.9M in 2017.

Exports from Gambia () to Belgium () (2022)

Exports from Belgium () to Gambia () (2022)

Latest Data

Trade between Gambia () and Belgium ()

Gambia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationIndia$52.9M

Belgium
Top DestinationGermany$91.9B

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

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

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

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

Comparative Advantage Gambia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Gambia had a large net trade with Belgium in the exports of Instruments ($240k), Machines ($179k), and Chemical Products ($54k).

During 2017, Belgium had a large net trade with Gambia in the exports of Transportation ($5.79M), Chemical Products ($4.68M), and Foodstuffs ($3.57M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gambia Belgium+$81kVaccines, blood, antisera, toxins and cultures

Top Product Potential Belgium Gambia+$1.16MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Gambia () to Belgium () (2022)

Exports from Belgium () to Gambia () (2022)

Latest Data

Trade between Gambia () and Belgium ()

Gambia Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Gambia - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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