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2022
Flag → Flag
Exports $411MRnk 70 / 222
2022
Flag → Flag
Top Product $183MRefined Petroleum
2022
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Exports $1.26BRnk 10 / 150
2022
Flag → Flag
Top Product $1.05BDiamonds
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -1.4Rnk 118 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$107BCURRENT US$
Rnk 67 / 186
2012-2022
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GDP GROWTH-14.6%CURRENT US$
Rnk 177 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$2,999CURRENT US$
Rnk 135 / 186
2012-2022
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GDP PC GROWTH-39.6%CURRENT US$
Rnk 182 / 186

About

Belgium-Angola In 2022, Belgium exported $411M to Angola. The main products that Belgium exported to Angola are Refined Petroleum ($183M), Vaccines, blood, antisera, toxins and cultures ($30.4M), and Cars ($13.4M). During the last 23 years the exports of Belgium to Angola have increased at an annualized rate of 7.61%, from $76.2M in 1999 to $411M in 2022.

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

Angola-Belgium In 2022, Angola exported $1.26B to Belgium. The main products that Angola exported to Belgium were Diamonds ($1.05B), Petroleum Gas ($175M), and Refined Petroleum ($19.1M). During the last 23 years the exports of Angola to Belgium have increased at an annualized rate of 3.78%, from $535M in 1999 to $1.26B in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Angola ranked 118 in the Economic Complexity Index (ECI -1.4), and 58 in total exports ($54.1B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €52.4M and imported €48.2M from Angola, resulting in a positive trade balance of €4.15M. Between December 2022 and December 2023 the exports of Belgium have increased by €44.2M (542%) from €8.16M to €52.4M, while imports decreased by €-32.3M (-40.1%) from €80.5M to €48.2M.

Trade In December 2023, the top exports of Belgium to Angola were Cars, tractors, trucks & parts thereof. (€2.95M), Products of the milling industry (€2.23M), Machinery, mechanical appliances, & parts (€1.79M), Rubber & articles thereof (€1.72M), and Organic chemicals (€685k). In December 2023 the top imports of Belgium from Angola were Precious stones, metals, & pearls (€89.8M), Stone, plaster, cement, asbestos, mica. (€6.19k), Feather articles, feathers, artificial flowers, &... (€554), Machinery, mechanical appliances, & parts (€520), and Electrical machinery and electronics (€345).

Growth In December 2023, the increase in Belgium's year-by-year exports to Angola was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. (€2.25M or 323%), Rubber & articles thereof (€1.67M or 4.08k%), and Machinery, mechanical appliances, & parts (€1.41M or 370%). In December 2023, the decrease in Belgium's year-by-year imports  from Angola was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... (€-1.13k or -94.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€44.2M(542%)
IMPORT GROWTH (December 2022 - December 2023)€-32.3M(-40.1%)

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 Angola and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $411M to Angola. The main products exported from Belgium to Angola were Refined Petroleum ($183M), Vaccines, blood, antisera, toxins and cultures ($30.4M), and Cars ($13.4M). During the last 23 years the exports of Belgium to Angola have increased at an annualized rate of 7.61%, from $76.2M in 1999 to $411M in 2022.

In 2022, Angola exported $1.26B to Belgium. The main products exported from Angola to Belgium were Diamonds ($1.05B), Petroleum Gas ($175M), and Refined Petroleum ($19.1M). During the last 23 years the exports of Angola to Belgium have increased at an annualized rate of 3.78%, from $535M in 1999 to $1.26B in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Angola
Top DestinationChina$21.8B

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

In 2021, countries that imported more from Belgium than Angola were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Angola than Belgium were China ($21.8B), Indonesia ($884M), and Malawi ($97.6M).

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

Comparative Advantage Belgium - Angola

Flow
Scale

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

During 2022, Belgium had a large net trade with Angola in the exports of Mineral Products ($184M), Chemical Products ($69.7M), and Machines ($50.5M).

During 2022, Angola had a large net trade with Belgium in the exports of Precious Metals ($1.05B), Mineral Products ($199M), and Machines ($6.78M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Angola. Similarly, the more yellow a dot/product is, the more Angola has comparative advantage over Belgium.

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

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