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2022
Flag → Flag
Exports $3.76MRnk 176 / 222
2022
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Top Product $1.06MMalt Extract
2022
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Exports $2.92kRnk 73 / 95
2022
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Top Product $845Audio Alarms
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 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$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
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GDP GROWTH0%CURRENT US$
Rnk 165 / 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$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Belgium-Somalia In 2022, Belgium exported $3.76M to Somalia. The main products that Belgium exported to Somalia are Malt Extract ($1.06M), Other Frozen Vegetables ($1.01M), and Used Clothing ($684k). During the last 23 years the exports of Belgium to Somalia have increased at an annualized rate of 13.9%, from $189k in 1999 to $3.76M in 2022.

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

Somalia-Belgium In 2022, Somalia exported $2.92k to Belgium. The main products that Somalia exported to Belgium were Audio Alarms ($845), Non-Knit Women's Shirts ($688), and Mattresses ($372). During the last 23 years the exports of Somalia to Belgium have decreased at an annualized rate of 0.83%, from $3.54k in 1999 to $2.92k in 2022.

In 2022, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Belgium exported €205k and imported €125k from Somalia, resulting in a positive trade balance of €79.8k. Between January 2023 and January 2024 the exports of Belgium have decreased by €-90.2k (-30.5%) from €295k to €205k, while imports increased by €125k (81.9k%) from €153 to €125k.

Trade In January 2024, the top exports of Belgium to Somalia were Machinery, mechanical appliances, & parts (€133k), Food residues & wastes; animal fodder (€68.8k), Preparations of vegetables, fruit, nuts or... (€37k), Pharmaceutical products (€24k), and Optical, photo, & film equipment; medical... (€17.5k). In January 2024 the top imports of Belgium from Somalia were .

Growth In January 2024, the decrease in Belgium's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In December 2023, the increase in Belgium's year-by-year imports  from Somalia was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-90.2k(-30.5%)
IMPORT GROWTH (December 2022 - December 2023)€125k(81.9k%)

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 Somalia 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 $3.76M to Somalia. The main products exported from Belgium to Somalia were Malt Extract ($1.06M), Other Frozen Vegetables ($1.01M), and Used Clothing ($684k). During the last 23 years the exports of Belgium to Somalia have increased at an annualized rate of 13.9%, from $189k in 1999 to $3.76M in 2022.

In 2022, Somalia exported $2.92k to Belgium. The main products exported from Somalia to Belgium were Audio Alarms ($845), Non-Knit Women's Shirts ($688), and Mattresses ($372). During the last 20 years the exports of Somalia to Belgium have decreased at an annualized rate of 0.83%, from $3.54k in 2002 to $2.92k in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Somalia
Top DestinationUnited Arab Emirates$283M

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

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

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

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

Comparative Advantage Belgium - Somalia

Flow
Scale

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

During 2022, Belgium had a large net trade with Somalia in the exports of Foodstuffs ($2.23M), Textiles ($684k), and Animal Products ($276k).

During 2022, Somalia had a large net trade with Belgium in the exports of Textiles ($1.04k), Machines ($845), and Miscellaneous ($372).

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

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

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