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2022
Flag → Flag
Exports $49MRnk 131 / 222
2022
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Top Product $17.9MDelivery Trucks
2022
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Exports $23.8MRnk 17 / 86
2022
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Top Product $14.4MIron Ore
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI -1.72Rnk 128 / 133
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$4BCURRENT US$
Rnk 155 / 186
2012-2022
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GDP GROWTH43.3%CURRENT US$
Rnk 80 / 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$755CURRENT US$
Rnk 176 / 186
2012-2022
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GDP PC GROWTH17.1%CURRENT US$
Rnk 96 / 186

About

Belgium-Liberia In 2022, Belgium exported $49M to Liberia. The main products that Belgium exported to Liberia are Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). During the last 23 years the exports of Belgium to Liberia have increased at an annualized rate of 6.11%, from $12.5M in 1999 to $49M in 2022.

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

Liberia-Belgium In 2022, Liberia exported $23.8M to Belgium. The main products that Liberia exported to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). During the last 23 years the exports of Liberia to Belgium have decreased at an annualized rate of 10.4%, from $295M in 1999 to $23.8M in 2022.

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

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).

Latest Trends

January, 2024

About

Overview In January 2024, Belgium exported €2.53M and imported €355k from Liberia, resulting in a positive trade balance of €2.18M. Between January 2023 and January 2024 the exports of Belgium have decreased by €-767k (-23.2%) from €3.3M to €2.53M, while imports decreased by €-356k (-50%) from €711k to €355k.

Trade In January 2024, the top exports of Belgium to Liberia were Pharmaceutical products (€1.87M), Miscellaneous edible preparations (€422k), Cars, tractors, trucks & parts thereof. (€279k), Mineral fuels, mineral oils and products... (€243k), and Products of the milling industry (€236k). In January 2024 the top imports of Belgium from Liberia were Precious stones, metals, & pearls (€711k).

Growth In January 2024, the decrease in Belgium's year-by-year exports to Liberia was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-83.8k or -64.9%), Inorganic chemicals (€-35k or -68.4%), and Iron or steel articles (€-1.95k or -63.1%). In January 2024, the decrease in Belgium's year-by-year imports  from Liberia was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-767k(-23.2%)
IMPORT GROWTH (January 2023 - January 2024)€-356k(-50%)

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 Liberia 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 $49M to Liberia. The main products exported from Belgium to Liberia were Delivery Trucks ($17.9M), Refined Petroleum ($13.4M), and Sauces and Seasonings ($3.32M). During the last 23 years the exports of Belgium to Liberia have increased at an annualized rate of 6.11%, from $12.5M in 1999 to $49M in 2022.

In 2022, Liberia exported $23.8M to Belgium. The main products exported from Liberia to Belgium were Iron Ore ($14.4M), Diamonds ($8.52M), and Cocoa Beans ($302k). During the last 23 years the exports of Liberia to Belgium have decreased at an annualized rate of 10.4%, from $295M in 1999 to $23.8M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Liberia
Top DestinationSwitzerland$544M

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

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

In 2019, no countries were registered that imported more from Liberia than from Belgium.

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

Comparative Advantage Belgium - Liberia

Flow
Scale

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

During 2022, Belgium had a large net trade with Liberia in the exports of Transportation ($20M), Mineral Products ($13.6M), and Chemical Products ($4.79M).

During 2022, Liberia had a large net trade with Belgium in the exports of Mineral Products ($14.4M), Precious Metals ($8.53M), and Foodstuffs ($304k).

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 Liberia. Similarly, the more yellow a dot/product is, the more Liberia has comparative advantage over Belgium.

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

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