Suriname-Belgium Bilateral Trade Analysis 2023
Complete trade statistics: $21.12M total volume •Suriname deficit: $17.01M
Suriname → Belgium
$2.05M
Exports (2023)
Belgium → Suriname
$19.06M
Imports (2023)
Trade Balance
$17.01M
Deficit for Suriname
Total Trade
$21.12M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Suriname and Belgium. Green line shows exports from Suriname, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Suriname-Belgium commercial relationship and competitive positioning in global markets.
Suriname → Belgium Exports
Export Market Intelligence
🎯 Strategic Export Focus
Suriname's export portfolio to Belgium demonstrates strategic specialization, with wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm representing a key competitive advantage in this bilateral market.
Belgium → Suriname Imports
Import Dependency Profile
📦 Import Strategy Analysis
Suriname's import pattern from Belgium reveals significant dependencyin dog or cat food: (not put up for retail sale), used in animal feeding, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Suriname demonstrates competitive strength in exportingwood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm to Belgium, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $21.12M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Suriname-Belgium Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $21.12 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Suriname maintains a deficit of $17.01 million
- Export Focus: Suriname's primary exports include wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm, waste and scrap of primary cells, primary batteries and electric accumulators: spent primary cells, spent primary batteries and spent electric accumulators, wood: tropical (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed
- Import Dependencies: Key imports from Belgium include dog or cat food: (not put up for retail sale), used in animal feeding, machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431, vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen
Strategic Trade Indicators
📈 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 $21.12M 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 Suriname leveraging its comparative advantages in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm.
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
Comparative Advantage
Suriname's specialization in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mmcomplements Belgium's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in dog or cat food: (not put up for retail sale), used in animal feeding.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $21.12M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $21.12M 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 $21.12 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm and dog or cat food: (not put up for retail sale), used in animal feeding demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Suriname's trade deficit of $17.01 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯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 Suriname and Belgium represents a total trade volume of $21.12 million in 2023. This partnership demonstrates an unfavorable trade balance for Suriname, with imports exceeding exportsby $17.01 million.
Export Strengths
Suriname's exports to Belgium total $2.05 million, with competitive advantages in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm, representing $1.94M or94.4% of bilateral exports.
Import Dependencies
Imports from Belgium amount to $19.06 million, highlighting economic interdependence in dog or cat food: (not put up for retail sale), used in animal feeding, with Dog or cat food: (not put up for retail sale), used in animal feeding comprising12.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Suriname's strategic sourcing from Belgium. 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 Suriname and Belgium in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023