Namibia (NAM) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison: In 2022, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). 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, 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 2017 to $200M in 2022.

In 2017, 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 2022 to $21.4M in 2017.

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

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

Latest Data

Trade between Namibia () and Belgium ()

Namibia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.75B

Belgium
Top DestinationGermany$91.9B

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

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

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

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

Comparative Advantage Namibia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Namibia had a large net trade with Belgium in the exports of Precious Metals ($124M), Mineral Products ($66.1M), and Wood Products ($5.4M).

During 2017, Belgium had a large net trade with Namibia in the exports of Machines ($6.59M), Chemical Products ($5.47M), and Precious Metals ($4.46M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Belgium+$1.06MFish Fillets

Top Product Potential Belgium Namibia+$2.04MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Namibia () and Belgium ()

Namibia Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Namibia - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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