Belgium (BEL) and Sao Tome and Principe (STP) Trade | The Observatory of Economic Complexity

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Belgium-Sao Tome and Principe In 2022, Belgium exported $2.3M to Sao Tome and Principe. The main products that Belgium exported to Sao Tome and Principe are Engine Parts ($622k), Electric Motor Parts ($453k), and Poultry Meat ($451k). During the last 23 years the exports of Belgium to Sao Tome and Principe have decreased at an annualized rate of 1.58%, from $3.31M in 1999 to $2.3M in 2022.

In 2022, Belgium did not export any services to Sao Tome and Principe.

Sao Tome and Principe-Belgium In 2022, Sao Tome and Principe exported $3.19M to Belgium. The main products that Sao Tome and Principe exported to Belgium were Cocoa Beans ($2.89M), Coconut Oil ($181k), and Palm Oil ($26.6k). During the last 23 years the exports of Sao Tome and Principe to Belgium have increased at an annualized rate of 11.1%, from $286k in 1999 to $3.19M in 2022.

In 2022, Sao Tome and Principe 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, Sao Tome and Principe ranked 207 in total exports ($29.8M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

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Overview In December 2023, Belgium exported €70.3k and imported €21.9k from Sao Tome and Principe, resulting in a positive trade balance of €48.4k. Between December 2022 and December 2023 the exports of Belgium have decreased by €-97.6k (-58.1%) from €168k to €70.3k, while imports decreased by €-14.4k (-39.8%) from €36.3k to €21.9k.

Trade In December 2023, the top exports of Belgium to Sao Tome and Principe were Used clothes & textile articles (€38.6k) and Cars, tractors, trucks & parts thereof. (€18.9k). In December 2023 the top imports of Belgium from Sao Tome and Principe were Cocoa & cocoa preparations (€623).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Sao Tome and Principe was explained primarily by an decrease in product exports in . In December 2023, the decrease in Belgium's year-by-year imports from Sao Tome and Principe was explained primarily by an decrease in product imports in Cocoa & cocoa preparations (€-23.8k or -97.4%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belgium exported $2.3M to Sao Tome and Principe. The main products exported from Belgium to Sao Tome and Principe were Engine Parts ($622k), Electric Motor Parts ($453k), and Poultry Meat ($451k). During the last 23 years the exports of Belgium to Sao Tome and Principe have decreased at an annualized rate of 1.58%, from $3.31M in 1999 to $2.3M in 2022.

In 2022, Sao Tome and Principe exported $3.19M to Belgium. The main products exported from Sao Tome and Principe to Belgium were Cocoa Beans ($2.89M), Coconut Oil ($181k), and Palm Oil ($26.6k). During the last 23 years the exports of Sao Tome and Principe to Belgium have increased at an annualized rate of 11.1%, from $286k in 1999 to $3.19M in 2022.

Exports from Belgium () to Sao Tome and Principe () (2022)

Exports from Sao Tome and Principe () to Belgium () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationGermany$91.9B

Sao Tome and Principe
Top DestinationNetherlands$7.77M

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

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

In 2019, no countries were registered that imported more from Sao Tome and Principe than from Belgium.

Difference in imports from Sao Tome and Principe () and Belgium () (2022)

Comparative Advantage Belgium - Sao Tome and Principe

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belgium and Sao Tome and Principe by product, considering products traded by both, Belgium and Sao Tome and Principe.

During 2022, Belgium had a large net trade with Sao Tome and Principe in the exports of Machines ($1.11M), Animal Products ($471k), and Transportation ($333k).

During 2022, Sao Tome and Principe had a large net trade with Belgium in the exports of Foodstuffs ($2.92M), Animal and Vegetable Bi-Products ($207k), and Machines ($50.4k).

Economic Complexity

Competitive Landscape

Year

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 Sao Tome and Principe. Similarly, the more yellow a dot/product is, the more Sao Tome and Principe has comparative advantage over Belgium.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Belgium () to Sao Tome and Principe () (2022)

Exports from Sao Tome and Principe () to Belgium () (2022)

Market Competitiveness

Difference in imports from Sao Tome and Principe () and Belgium () (2022)

Comparative Advantage Belgium - Sao Tome and Principe

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Sao Tome and Principe () (2022)

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Sao Tome and Principe () (2022)

Exports from Sao Tome and Principe () to Belgium () (2022)

Market Competitiveness

Difference in imports from Sao Tome and Principe () and Belgium () (2022)

Comparative Advantage Belgium - Sao Tome and Principe

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Sao Tome and Principe () (2022)

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