Belgium role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners (nearly 80% of exports and imports). Growth rates of trade and GDP for the OECD and Belgium, 2001-2016 Belgian Justice Minister Vincent Van Quickenborne wants to crack down on the cocaine trade by placing the entire Port of Antwerp under a single law enforcement authority. Trade Balance (2018) $16,264,602,836. Bilateral trade was worth over $56.1 billion for the year 2017. The main export products are vehicles (7.3%), petroleum oils (6.8%), medicaments (5.9%), and blood (3.8%). Do you know Belgium's most important export products of 2015? Belgium is a flourishing marketplace, making the most of its location in the centre of Western Europe.             Click on the image to visualise the entire file. Top 3 of the Belgian export products: January - June 2020, Legend: orange = chemical products, yellow = transport equipment, Trade: In May 2020 the top exports of Belgium were Pharmaceutical products (€3.07B), Vehicles; other than railway or tramway... (€2.02B), Organic chemicals (€1.81B), Nuclear reactors, boilers, machinery and mechanical... (€1.29B), and Plastics and articles thereof (€1.17B). Total Exports (2018) $466,653,579,977. Belgium's Foreign Trade 2018 (first 9 months), Belgium's Foreign Trade 2018 (first 6 months), Belgium's Foreign Trade 2018 (first 3 months), Belgium's Foreign Trade - Products and Partners - January 2018 - December 2018. The planted forests of the Ardennes and the Kempenland support Belgium’s relatively small forest-products industry. Includes websites and other resources where U.S. companies can get more information on how … A.D. -Trade Belgium is located in Mortsel, ANTWERP, Belgium and is part of the Sporting Goods Stores Industry. Foreign direct investments from Belgium in Kazakhstan amounted to $7.9 billion in 2018. Economic and trade information. That dollar amount reflects an 11.8% increase since 2015 but a -4.7% drop from 2018 to 2019. The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. The main suppliers are Netherlands (17.2%), Germany (13.1%), France (9.4) and United States (6.8%). Applying a continental lens, 75.9% of Belgium’s exports by value were delivered to fellow European countries while 10.4% were sold to importers in Asia. According to the 2009 estimates, Belgium had an export volume of $296.1 billion and ranked 13 th in the world. Given this high percentage, it seeks to diversify and expand trade opportunities with non-EU countries. In May 2020 the top imports of Belgium were Pharmaceutical products (€2.77B), Vehicles; other than railway or tramway... (€1.61B), … Belgium has welcomed hundreds of U.S. firms to its territory, many of which have their European headquarters there. Total Imports (2018) $450,388,977,141. International Trade Analystdennis.gijsbrechts@abh-ace.be © Export Entreprises SA, All Rights Reserved. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products. The most important sectors of Belgium’s economy in 2018 were public administration, defence, education, human health and social work activities (22.1%), wholesale and retail trade, transport, accommodation and food services (19.4%) and industry (16.7%). This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. Do you know Belgium's most important export products of 2016? For more information, consult the Taxation and Customs Guide published by the European Commission. Figure 1. Organisation of the EU's common commercial policy The common commercial policy falls within the exclusive competence of the European Union. Belgium's Foreign Trade 2019 (first 9 months), Belgium's Foreign Trade 2019 (first 6 months), Belgium's Foreign Trade 2019 (first 3 months), Belgium's Foreign Trade - Products and Partners - January 2019 - March 2019. Oats, rye, and potatoes are the chief crops; wheat, sugar beets, chicory, hops, flax, and ornamental plants (e.g., azaleas, roses, and begonias) also are grown in southwestern Flanders. Do you know Belgium's most important export products?             green = machinery & equipment   Intra-EU trade accounts for 73% of Belgium’s exports (Germany 18%, France 14% and the Netherlands 12%), while outside the EU 5% go to the United States and 2% to both India and China. About 80% of Belgium's trade is with fellow EU member states. In addition to being considered an export champion (10th in the world rank), Belgium plays an important role as a transit and distribution centre for other countries in the European Union. Do you know Belgium's most important export products of 2017? Belgium Trade, Exports and Imports. The country also managed to gain market share, because of the fact that, percentage-wise, its exports were above the EU average. Belgium is one of the founding members of the European Union and has been one of the foremost proponents of regional economic integration. Belgian exports amount to more than 80% of national GDP. In accordance with the Treaty of Lisbon, the Commission conducts tariff and trade negotiations with third-party states or with international organisations, in particular the World Trade Organisation (WTO). Our Data Privacy Policy and our Terms and Conditions have been updated. Legal notices   |   In fact, in 1998 some 76 percent of Belgium's exports went to nations in the EU. List of tariffs and local taxes that apply to your product on our service Customs Duties and Local Taxes. If you require a fully accessible copy of this document, please contact StatsSection@dfat.gov.au; Travel information. The nation's main trade partners are in the EU. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. Belgium’s trade with the United States fell 14.2 percent, from $46.3 billion to $39.73 billion through the first 10 months of 2020 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. List of trade unions in Belgium Last updated March 25, 2020 Socialist (red) and Christian (green) trade unionists pictured in Brussels in 2010. According to WTO data, in 2018, exports amounted to USD 466.7 billion (a growth of 8%) while imports reached USD 450 billion (a growth of 4.9%). Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Belgian trade growth was below the OECD average in the pre-crisis years, but has broadly tracked the OECD rates in the post-crisis years. International Trade Analyst cedric.cludts@abh-ace.be Belgium and the WTO. We invite you to read the new versions. For more information click here: © 2020 Import-Export Solutions   |   Powered by. This document contains, among other things, information about the most important customers, suppliers, import and export products. Exports of services amounted to USD 120.9 billion while imports of services stood at USD 128.7 billion. In that year, the main export market for Belgian goods was Germany (19 percent), followed closely by France (18 percent), the Netherlands (12 percent), and the United Kingdom (10 percent). Belgium country brief; Belgium country/economy fact sheet [PDF] This document may not meet the Web Content Accessibility Guidelines (WCAG) 2.1. Belgium's Foreign Trade 2015 (first 9 months), Belgium's Foreign Trade 2015 (first 6 months), Belgium's Foreign Trade 2015 (first 3 months). ITC aims to assist Belgium in creating sustainable trade linkages with the developing world by sourcing good quality products from these growing export markets. This document contains, among other things, information about the most important customers, suppliers, import and export products. Belgium is a member of the European Union (EU) and seeks to diversify and expand trade opportunities with non-EU countries. Top 3 Trade Partners (2019): Germany, Netherlands, and France About 80% of Belgium's trade is with fellow EU member states. Belgium's trade balance, which is traditionally positive, decreased by 26.6% in 2018 and displayed a surplus of USD 16.2 billion. Belgium trade statistics which is based on Belgium customs data covers import details of all ICDs, air and sea ports. We can send you the monthly statistics or quarterly figures upon request (see contact details on the right side of the screen). With its major ports (Antwerp is the second largest port in Europe) and excellent logistical infrastructure, a significant portion of bilateral trade either originates in, … A.D. -Trade Belgium generates $469,000 million in sales (USD). Belgium is actively contributing to these debates and to the development of strategic autonomy that should enable the European Union to be a credible partner. It is a member State of the European Union (more info). The services sector also have to prepare for the risks of Brexit; key logistic and transport services are provided through Belgian ports connecting Belgium, the UK and global markets. In Belgium, trade unions are organised along politico-denominational lines, following the pillarisation in Belgian society. Foreign demand for Belgian goods and services is under some pressure, due to increased protectionism and the possible escalation of the various trade conflicts initiated by the United States. The Belgian authorities are, as a rule, anti-protectionist and try to maintain a hospitable and open trade and investment climate. It acts by consulting … In 2018, the trade turnover between Kazakhstan and Belgium amounted to $460 million, a 60% increase compared to 2017. Report It to Us. Director Studies, Statistics and Communicationchristelle.charlier@abh-ace.be Belgium Trade Last Previous Highest Lowest Unit; Balance of Trade 390.70: 1360.30: 2896.60-1026.60: EUR Million: Current Account By continuing your visit to this website, you accept the data privacy policy of the website as well as the use of cookies to secure your connection, facilitate your navigation, offer services and offers adapted and make visits statistic. Belgium All Products Exports and Imports Popular Indicators - Most Recent Values Belgium had a total export of 468,643,264.45 in thousands of US$ and total imports of 454,713,800.86 in thousands of US$ leading to a positive trade balance of 13,929,463.60 … Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Latest Update: December 2020, Technical support   |   Trade balance is the value of exported goods minus the value of imported goods. Belgium trade to gdp ratio for 2019 was 163.29%, a 2.13% decline from 2018. Belgium has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948. +32 2 206 35 78, Dennis Gijsbrechts The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. Germany remains the first customer (17.9%), followed by France (14.5%), Netherlands (12.2%) and United Kingdom (7.9%). Christelle Charlier Belgium trade to gdp ratio for 2017 was 163.38%, a 5.77% increase from 2016. Belgium trade to gdp ratio for 2018 was 165.42%, a 2.04% increase from 2017. In terms of imports, 64% come from EU Member States (the Netherlan… In addition to being considered an export champion (10th in the world rank), Belgium plays an important role as a transit and distribution centre for other countries in the European Union. According to OECD data, exports of goods amounted to USD 407.3 billion from January to November 2019 (a fall of 5.1% compared to the same period of the previous year), while imports of goods amounted to USD 390 billion (a rise of 6%), displaying a surplus of USD (+15%). Includes websites and other resources where U.S. companies can get more information on how … and Export Controls. Unlike many OECD countries, Belgian export growth increased in 2016, to 6.1%. Do you know Belgium's most important export products of 2919? Belgium's Foreign Trade 2014 (first 12 months), Belgium's Foreign Trade 2014 (first 9 months), Belgium's Foreign Trade 2014 (first 6 months), Belgium's Foreign Trade 2014 (first 3 months), Belgium's Foreign Trade 2013 (first 9 months), Belgium's Foreign Trade 2013 (first 6 months), Belgium's Foreign Trade 2013 (first 3 months). Belgium welcomes the adoption of a sanctions regime to target perpetrators of serious human rights violations around the world, a new tool that Belgium supported. To go further, check out our service Import Controls This page contains a list of trade unions in Belgium.. Before you travel, visit smartraveller.gov.au +32 2 206 35 64, © 2010-2020 - Belgian Foreign Trade Agency, Belgium's Foreign Trade 2020 (first 6 months), Belgium's Foreign Trade 2020 (first 3 months), Belgium's Foreign Trade - Products and Partners - January 2020 - March 2020. According to the latest WTO data, Belgium is the 10th largest exporting country in the world. Belgium's Foreign Trade 2017 (first 9 months), Belgium's Foreign Trade 2017 (first 6 months), Belgium's Foreign Trade 2017 (first 3 months). Belgium is one of the countries in the EU with a developed trade sector. Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Imports of goods and … Country risk of Belgium : International trade The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. Get Belgium import statistics and know total import value, top trading partners and what does Belgium imports the most. Operations carried out within the EEA are duty-free. Atomium, Brussels Belgium imported US$426.2 billion worth of goods from around the globe in 2019, up by 14.9% since 2015 but down by -5.4% from 2018 to 2019. Belgium exported US$444.6 billion worth of goods around the globe in 2019. Any Comment About This Content? In 2016, the country was the 6th largest exporter of goods in the European Union, with Germany occupying the first place. The main imports are oil and mineral fuels, vehicles (8.5%), pharmaceuticals (5.3%) and organic chemicals (4.5%). Data privacy   |  © Société Générale 2020. The European Commission plays a key role in trade negotiations, under the supervision of the Member States and the European Parliament. +32 2 206 35 73Cédric Cludts Exports of goods and services (% of GDP) (2019) [2] 81.73%. Belgium GDP was a total of $533 billion in 2018. Do you know Belgium's most important export products of 2018? The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. 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