Belgium
↔
Saint Vincent and the Grenadines

Saint Vincent and the Grenadines

View Profile →

Belgium-Saint Vincent and the Grenadines Bilateral Trade Analysis 2023

Complete trade statistics: $517,040 total volume •Belgium deficit: $517,040

Belgium → Saint Vincent and the Grenadines

$0

Exports (2023)

Saint Vincent and the Grenadines → Belgium

$517,040

Imports (2023)

Trade Balance

$517,040

Deficit for Belgium

Total Trade

$517,040

Combined Volume

Trade Flow Visualization

Direct trade relationship between Belgium and Saint Vincent and the Grenadines. Green line shows exports from Belgium, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Belgium-Saint Vincent and the Grenadines commercial relationship and competitive positioning in global markets.

Belgium → Saint Vincent and the Grenadines Exports

$0
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
Infinity% top product
1Iron or steel: structures and parts thereof, n.e.c. in heading 7308
$258,468
Infinity% of exports
2Vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen
$224,805
Infinity% of exports
3Dog or cat food: (not put up for retail sale), used in animal feeding
$120,913
Infinity% of exports
4Dairy produce: milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 1% but not exceeding 6%
$109,487
Infinity% of exports
5Vaccines: for human medicine
$99,134
Infinity% of exports

🎯 Strategic Export Focus

Belgium's export portfolio to Saint Vincent and the Grenadines demonstrates strategic specialization, with iron or steel: structures and parts thereof, n.e.c. in heading 7308 representing a key competitive advantage in this bilateral market.

Saint Vincent and the Grenadines → Belgium Imports

$517,040
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
89.7% concentration
1Cocoa beans: whole or broken, raw or roasted
$463,828
89.7% of imports
2Cloths: floor cloths, dish-cloths, dusters and similar cleaning cloths
$27,960
5.4% of imports
3Floor, wall or ceiling coverings: of polymers of vinyl chloride, whether or not self-adhesive, in rolls or in the form of tiles
$21,276
4.1% of imports
4Plastics: stoppers, lids, caps and other closures, for the conveyance or packing of goods
$1,478
0.3% of imports
5Plastics: carboys, bottles, flasks and similar articles, for the conveyance or packing of goods
$1,419
0.3% of imports

📦 Import Strategy Analysis

Belgium's import pattern from Saint Vincent and the Grenadines reveals significant dependencyin cocoa beans: whole or broken, raw or roasted, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Belgium demonstrates competitive strength in exportingiron or steel: structures and parts thereof, n.e.c. in heading 7308 to Saint Vincent and the Grenadines, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $517,040 trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Belgium-Saint Vincent and the Grenadines Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $517.04 thousandrepresenting a significant bilateral economic relationship
  • Trade Balance: Belgium maintains a deficit of $517.04 thousand
  • Export Focus: Belgium's primary exports include iron or steel: structures and parts thereof, n.e.c. in heading 7308, vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen, dog or cat food: (not put up for retail sale), used in animal feeding
  • Import Dependencies: Key imports from Saint Vincent and the Grenadines include cocoa beans: whole or broken, raw or roasted, cloths: floor cloths, dish-cloths, dusters and similar cleaning cloths, floor, wall or ceiling coverings: of polymers of vinyl chloride, whether or not self-adhesive, in rolls or in the form of tiles

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $517,040 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Belgium leveraging its comparative advantages in iron or steel: structures and parts thereof, n.e.c. in heading 7308.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Belgium's specialization in iron or steel: structures and parts thereof, n.e.c. in heading 7308complements Saint Vincent and the Grenadines's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in cocoa beans: whole or broken, raw or roasted.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $517,040 bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $517,040 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $517.04 thousand bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in iron or steel: structures and parts thereof, n.e.c. in heading 7308 and cocoa beans: whole or broken, raw or roasted demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Belgium's trade deficit of $517.04 thousand impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen present expansion opportunities.
Market Diversification
Beyond current focus on cocoa beans: whole or broken, raw or roasted, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in iron or steel: structures and parts thereof, n.e.c. in heading 7308 may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Belgium and Saint Vincent and the Grenadines represents a total trade volume of $517.04 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Belgium, with imports exceeding exportsby $517.04 thousand.

Export Strengths

Belgium's exports to Saint Vincent and the Grenadines total $0.00, with competitive advantages in iron or steel: structures and parts thereof, n.e.c. in heading 7308, representing $258,468 orInfinity% of bilateral exports.

Import Dependencies

Imports from Saint Vincent and the Grenadines amount to $517.04 thousand, highlighting economic interdependence in cocoa beans: whole or broken, raw or roasted, with Cocoa beans: whole or broken, raw or roasted comprising89.7% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Belgium's strategic sourcing from Saint Vincent and the Grenadines. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Belgium and Saint Vincent and the Grenadines in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023