Do you know Belgium's most important export products of 2018? Belgian imports represent 2.2% of total global imports which totaled $19.665 trillion one year earlier. Do you know Belgium's most important export products of 2919? Given this high percentage, it seeks to diversify and expand trade opportunities with non-EU countries. About 80% of Belgium's trade is with fellow EU member states. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. Belgium is a member of the European Union (EU) and seeks to diversify and expand trade opportunities with non-EU countries. Belgium trade to gdp ratio for 2018 was 165.42%, a 2.04% increase from 2017. 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. Director Studies, Statistics and Communicationchristelle.charlier@abh-ace.be Exports of goods and services (% of GDP) (2019) [2] 81.73%. 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 Trade Last Previous Highest Lowest Unit; Balance of Trade 390.70: 1360.30: 2896.60-1026.60: EUR Million: Current Account The statistic shows Belgium's trade balance from 2009 to 2019. List of trade unions in Belgium Last updated March 25, 2020 Socialist (red) and Christian (green) trade unionists pictured in Brussels in 2010. In Belgium, trade unions are organised along politico-denominational lines, following the pillarisation in Belgian society. In terms of imports, 64% come from EU Member States (the Netherlan… 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. Belgium's Foreign Trade 2017 (first 9 months), Belgium's Foreign Trade 2017 (first 6 months), Belgium's Foreign Trade 2017 (first 3 months). The main export products are vehicles (7.3%), petroleum oils (6.8%), medicaments (5.9%), and blood (3.8%). The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. ITC aims to assist Belgium in creating sustainable trade linkages with the developing world by sourcing good quality products from these growing export markets. Belgium country brief; Belgium country/economy fact sheet [PDF] This document may not meet the Web Content Accessibility Guidelines (WCAG) 2.1. List of tariffs and local taxes that apply to your product on our service Customs Duties and Local Taxes. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products. According to the latest WTO data, Belgium is the 10th largest exporting country in the world. Based on the average exchange rate for 2019, Belgium uses the euro which appreciated by 0.9% against the US dollar … This document contains, among other things, information about the most important customers, suppliers, import and export products. Country risk of Belgium : International trade The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). Belgium has welcomed hundreds of U.S. firms to its territory, many of which have their European headquarters there. Belgium Trade, Exports and Imports. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. Data privacy | © Société Générale 2020. In 2016, the country was the 6th largest exporter of goods in the European Union, with Germany occupying the first place. The Belgian authorities are, as a rule, anti-protectionist and try to maintain a hospitable and open trade and investment climate. Figure 1. Do you know Belgium's most important export products of 2016? This page gathers information on Belgium's participation in the WTO. Includes websites and other resources where U.S. companies can get more information on how … This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. Economic and trade information. Click on the image to visualise the entire file. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. Belgium and the WTO. Unlike many OECD countries, Belgian export growth increased in 2016, to 6.1%. International Trade Analystdennis.gijsbrechts@abh-ace.be Belgium is one of the founding members of the European Union and has been one of the foremost proponents of regional economic integration. Belgium's Foreign Trade 2016 (first 9 months), Belgium's Foreign Trade 2016 (first 6 months), Belgium's Foreign Trade 2016 (first 3 months). Belgium's trade balance, which is traditionally positive, decreased by 26.6% in 2018 and displayed a surplus of USD 16.2 billion. Germany remains the first customer (17.9%), followed by France (14.5%), Netherlands (12.2%) and United Kingdom (7.9%). 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. 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. Exports of services amounted to USD 120.9 billion while imports of services stood at USD 128.7 billion. 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. +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. Merchandise Trade statistics data for Belgium (BEL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. That dollar amount reflects an 11.8% increase since 2015 but a -4.7% drop from 2018 to 2019. Belgium trade to gdp ratio for 2017 was 163.38%, a 5.77% increase from 2016. Latest Update: December 2020, Technical support |
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 welcomes the adoption of a sanctions regime to target perpetrators of serious human rights violations around the world, a new tool that Belgium supported. 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). Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. It is a member State of the European Union (more info). As raw materials and natural resources are not sufficient, the balance of trade is usually towards imports and thus there is always some trade deficit in Belgium. A.D. -Trade Belgium is located in Mortsel, ANTWERP, Belgium and is part of the Sporting Goods Stores Industry. 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%). Christelle Charlier 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. … Belgium trade statistics which is based on Belgium customs data covers import details of all ICDs, air and sea ports. Belgium is a flourishing marketplace, making the most of its location in the centre of Western Europe. Top 3 Trade Partners (2019): Germany, Netherlands, and France 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. Our Data Privacy Policy and our Terms and Conditions have been updated. Belgian exports amount to more than 80% of national GDP. This page contains a list of trade unions in Belgium.. Belgium's Foreign Trade 2015 (first 9 months), Belgium's Foreign Trade 2015 (first 6 months), Belgium's Foreign Trade 2015 (first 3 months). The future of Brexit and the consequent fall of British demand could negatively impact Belgian exports due to the strong trade links with the UK, especially in sectors such as the automotive industry, textiles and carpets, agri-food and beverages and pharmaceuticals. 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. International Trade Analyst cedric.cludts@abh-ace.be 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. Imports of goods and … Trade Balance (2018) $16,264,602,836. If you require a fully accessible copy of this document, please contact StatsSection@dfat.gov.au; Travel information. The European Commission plays a key role in trade negotiations, under the supervision of the Member States and the European Parliament. 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. Belgium is one of the countries in the EU with a developed trade sector. © Export Entreprises SA, All Rights Reserved. The planted forests of the Ardennes and the Kempenland support Belgium’s relatively small forest-products industry. Trade balance is the value of exported goods minus the value of imported goods. The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). 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). The main suppliers are Netherlands (17.2%), Germany (13.1%), France (9.4) and United States (6.8%). Total Exports (2018) $466,653,579,977. Includes websites and other resources where U.S. companies can get more information on how … The nation's main trade partners are in the EU. +32 2 206 35 73Cédric Cludts The country also managed to gain market share, because of the fact that, percentage-wise, its exports were above the EU average. Do you know Belgium's most important export products? A.D. -Trade Belgium generates $469,000 million in sales (USD). Total Imports (2018) $450,388,977,141. Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Foreign direct investments from Belgium in Kazakhstan amounted to $7.9 billion in 2018. In 2018, the trade turnover between Kazakhstan and Belgium amounted to $460 million, a 60% increase compared to 2017. Bilateral trade was worth over $56.1 billion for the year 2017. To go further, check out our service Import Controls 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. Any Comment About This Content? In fact, in 1998 some 76 percent of Belgium's exports went to nations in the EU. We invite you to read the new versions. In May 2020 the top imports of Belgium were Pharmaceutical products (€2.77B), Vehicles; other than railway or tramway... (€1.61B), … Get Belgium import statistics and know total import value, top trading partners and what does Belgium imports the most. Growth rates of trade and GDP for the OECD and Belgium, 2001-2016 Belgium has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948. green = machinery & equipment 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, … 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. Belgium GDP was a total of $533 billion in 2018. Legal notices |
This document contains, among other things, information about the most important customers, suppliers, import and export products. +32 2 206 35 78, Dennis Gijsbrechts 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 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). The main imports are oil and mineral fuels, vehicles (8.5%), pharmaceuticals (5.3%) and organic chemicals (4.5%). Belgium trade data of imports known as Belgium import data. Do you know Belgium's most important export products of 2017? About 80% of Belgium's trade is with fellow EU member states. and Export Controls. It acts by consulting … Organisation of the EU's common commercial policy The common commercial policy falls within the exclusive competence of the European Union. 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. 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. According to the 2009 estimates, Belgium had an export volume of $296.1 billion and ranked 13 th in the world. Top 3 of the Belgian export products: January - June 2020, Legend: orange = chemical products, yellow = transport equipment, For more information click here: © 2020 Import-Export Solutions | Powered by. Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. 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. Operations carried out within the EEA are duty-free. 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%). Report It to Us. 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. For more information, consult the Taxation and Customs Guide published by the European Commission. Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Belgium trade to gdp ratio for 2019 was 163.29%, a 2.13% decline from 2018. 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