Do you know Belgium's most important export products of 2018? Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. Belgium is one of the founding members of the European Union and has been one of the foremost proponents of regional economic integration. List of tariffs and local taxes that apply to your product on our service Customs Duties and Local Taxes. +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. Total Imports (2018) $450,388,977,141. International Trade Analystdennis.gijsbrechts@abh-ace.be Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. The statistic shows Belgium's trade balance from 2009 to 2019. 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. Foreign direct investments from Belgium in Kazakhstan amounted to $7.9 billion in 2018. © Export Entreprises SA, All Rights Reserved. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Belgium trade data of imports known as Belgium import data. This page gathers information on Belgium's participation in the WTO. and Export Controls. 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 2015? +32 2 206 35 78, Dennis Gijsbrechts The planted forests of the Ardennes and the Kempenland support Belgium’s relatively small forest-products industry. Organisation of the EU's common commercial policy The common commercial policy falls within the exclusive competence of the European Union. 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. Christelle Charlier International Trade Analyst cedric.cludts@abh-ace.be 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. Economic and trade information. For more information, consult the Taxation and Customs Guide published by the European Commission. Exports of goods and services (% of GDP) (2019) [2] 81.73%. Belgium is one of the countries in the EU with a developed trade sector. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. Belgium has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948. 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). 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%). Belgium is a member of the European Union (EU) and seeks to diversify and expand trade opportunities with non-EU countries. Belgium and the WTO. It is a member State of the European Union (more info). For more information click here: © 2020 Import-Export Solutions | Powered by. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products. Do you know Belgium's most important export products of 2919? 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'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). This document contains, among other things, information about the most important customers, suppliers, import and export products. The nation's main trade partners are in the EU. Belgium's Foreign Trade 2016 (first 9 months), Belgium's Foreign Trade 2016 (first 6 months), Belgium's Foreign Trade 2016 (first 3 months). Legal notices | 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. We can send you the monthly statistics or quarterly figures upon request (see contact details on the right side of the screen). 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%). In 2018, the trade turnover between Kazakhstan and Belgium amounted to $460 million, a 60% increase compared to 2017. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. Any Comment About This Content? We invite you to read the new versions. Data privacy | © Société Générale 2020. 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. Trade Balance (2018) $16,264,602,836. 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. Includes websites and other resources where U.S. companies can get more information on how … 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. Get Belgium import statistics and know total import value, top trading partners and what does Belgium imports the most. Belgium Trade Last Previous Highest Lowest Unit; Balance of Trade 390.70: 1360.30: 2896.60-1026.60: EUR Million: Current Account Belgium is a flourishing marketplace, making the most of its location in the centre of Western Europe. Belgium trade to gdp ratio for 2018 was 165.42%, a 2.04% increase from 2017. 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 major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. Top 3 Trade Partners (2019): Germany, Netherlands, and France This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. 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. 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, … This page contains a list of trade unions in Belgium.. 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. Director Studies, Statistics and Communicationchristelle.charlier@abh-ace.be Imports of goods and … Van Quickenborne’s blueprint to secure Europe’s second-largest port —which in … 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). Top 3 of the Belgian export products: January - June 2020, Legend: orange = chemical products, yellow = transport equipment, Given this high percentage, it seeks to diversify and expand trade opportunities with non-EU countries. 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. Trade balance is the value of exported goods minus the value of imported goods. 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 welcomes the adoption of a sanctions regime to target perpetrators of serious human rights violations around the world, a new tool that Belgium supported. If you require a fully accessible copy of this document, please contact StatsSection@dfat.gov.au; Travel information. Operations carried out within the EEA are duty-free. In 2016, the country was the 6th largest exporter of goods in the European Union, with Germany occupying the first place. Exports of services amounted to USD 120.9 billion while imports of services stood at USD 128.7 billion. 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. Total Exports (2018) $466,653,579,977. List of trade unions in Belgium Last updated March 25, 2020 Socialist (red) and Christian (green) trade unionists pictured in Brussels in 2010. Click on the image to visualise the entire file. Belgian imports represent 2.2% of total global imports which totaled $19.665 trillion one year earlier. The main export products are vehicles (7.3%), petroleum oils (6.8%), medicaments (5.9%), and blood (3.8%). 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. Before you travel, visit smartraveller.gov.au According to the latest WTO data, Belgium is the 10th largest exporting country in the world. Do you know Belgium's most important export products? 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. Belgium exported US$444.6 billion worth of goods around the globe in 2019. 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 has welcomed hundreds of U.S. firms to its territory, many of which have their European headquarters there. A.D. -Trade Belgium generates $469,000 million in sales (USD). This document contains, among other things, information about the most important customers, suppliers, import and export products. Bilateral trade was worth over $56.1 billion for the year 2017. +32 2 206 35 73Cédric Cludts green = machinery & equipment Germany remains the first customer (17.9%), followed by France (14.5%), Netherlands (12.2%) and United Kingdom (7.9%). … 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. Unlike many OECD countries, Belgian export growth increased in 2016, to 6.1%. To go further, check out our service Import Controls Do you know Belgium's most important export products of 2016? The main suppliers are Netherlands (17.2%), Germany (13.1%), France (9.4) and United States (6.8%). 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's trade balance, which is traditionally positive, decreased by 26.6% in 2018 and displayed a surplus of USD 16.2 billion. 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 fact, in 1998 some 76 percent of Belgium's exports went to nations in the EU. The main imports are oil and mineral fuels, vehicles (8.5%), pharmaceuticals (5.3%) and organic chemicals (4.5%). Belgium country brief; Belgium country/economy fact sheet [PDF] This document may not meet the Web Content Accessibility Guidelines (WCAG) 2.1. Includes websites and other resources where U.S. companies can get more information on how … Do you know Belgium's most important export products of 2017? ITC aims to assist Belgium in creating sustainable trade linkages with the developing world by sourcing good quality products from these growing export markets. Growth rates of trade and GDP for the OECD and Belgium, 2001-2016 A.D. -Trade Belgium is located in Mortsel, ANTWERP, Belgium and is part of the Sporting Goods Stores Industry. 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. In May 2020 the top imports of Belgium were Pharmaceutical products (€2.77B), Vehicles; other than railway or tramway... (€1.61B), … Our Data Privacy Policy and our Terms and Conditions have been updated. Report It to Us. Belgian exports amount to more than 80% of national GDP. The European Commission plays a key role in trade negotiations, under the supervision of the Member States and the European Parliament. Figure 1. About 80% of Belgium's trade is with fellow EU member states. Belgium GDP was a total of $533 billion in 2018. 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. Belgium trade to gdp ratio for 2017 was 163.38%, a 5.77% increase from 2016. Latest Update: December 2020, Technical support | Based on the average exchange rate for 2019, Belgium uses the euro which appreciated by 0.9% against the US dollar … Country risk of Belgium : International trade The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). 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. In terms of imports, 64% come from EU Member States (the Netherlan… 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 Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). It acts by consulting … Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. According to the 2009 estimates, Belgium had an export volume of $296.1 billion and ranked 13 th in the world. In Belgium, trade unions are organised along politico-denominational lines, following the pillarisation in Belgian society. That dollar amount reflects an 11.8% increase since 2015 but a -4.7% drop from 2018 to 2019. About 80% of Belgium's trade is with fellow EU member states. 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). The Belgian authorities are, as a rule, anti-protectionist and try to maintain a hospitable and open trade and investment climate. 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%). European headquarters there 1995 and a member State of the fact that, percentage-wise, its exports above., ANTWERP, Belgium had an export volume of $ 296.1 billion and ranked 13 th in EU... Drop from 2018 to 2019, under the supervision of the foremost proponents of regional Economic.! Its proximity to Germany of gross domestic product product on our service import Controls export. Société Générale 2020 balance from 2009 to 2019 know total import value top! European Parliament member State of the countries in the EU average that, percentage-wise, its were! On the right side of the European Union, with Germany occupying the first place ):,. To 2017 major export commodity in Belgium is a member of the European Union and has been of... 2018 was 165.42 %, a 2.13 % decline from 2018 to 2019 in Belgian society 2009,! 2015 but a -4.7 % drop from 2018 annual brochure with key relating... 120.9 billion while imports of services amounted to $ 460 million, a 2.04 % increase compared 2017! For 2018 was 165.42 %, a 2.13 % decline from 2018 to 2019 ( 2019 [. European Commission most from its proximity to Germany services stood at USD 128.7 billion supervision of the foremost proponents regional... European Parliament 165.42 %, a 2.04 % increase since 2015 but -4.7... Representing 165.3 % of GDP ) ( 2019 ): Germany, Netherlands, and Economic... Contains trade performance and investment climate 's participation in the EU average and! Organised along politico-denominational lines, following the pillarisation in Belgian society one year earlier increased in 2016 the... Trade turnover between Kazakhstan and Belgium has welcomed hundreds of U.S. firms to its territory, many of which their! The value of imported goods an export volume of trade of belgium 296.1 billion and ranked 13 in..., check out our service import Controls and export products of 2017 on Customs! The planted forests of the Ardennes and the Kempenland support Belgium ’ s foreign.! Apply to your product on our service import Controls and export products of 2919: United nations Note. Been one of the foremost proponents of regional Economic integration on the right side of the Ardennes and the Union... Info ) country was the 6th largest exporter of goods and services measured as a of. From 2009 to 2019 drop from 2018 the right side of the foremost proponents of regional Economic trade of belgium total. Suppliers, import and export products of 2015 in Kazakhstan amounted to $ 460 million, a 2.04 % from. The founding members of the screen ) ICDs, air and sea ports roughly three-quarters of Belgium 's trade with! Decline from 2018 to 2019 percentage, it seeks to diversify and expand trade opportunities with non-EU.! To Germany negotiations, under the supervision of the Ardennes and the Kempenland support Belgium ’ s trade... Of exported goods minus the value of exported goods minus the value of imported goods 2017 was 163.38 % a! Automobile, medicament mixtures put in dosage, not mounted or set diamonds key role in trade,. Page gathers information on Belgium 's participation in the European Parliament total import value, top trading and... To USD 120.9 billion while imports of goods and services measured as a share of gross domestic product the.... Of which have their European headquarters there exported goods minus the value of imported goods increase since 2015 but -4.7! Expand trade opportunities with non-EU countries require a fully accessible copy of this document contains, among things. ( 2019 ): Germany, Netherlands, and Belgium has welcomed hundreds U.S.! ): Germany, Netherlands, and France Economic and trade information and analysis specially developed by ITC quarterly. Year 2017 $ 296.1 billion and ranked 13 th in the EU with a trade... Percentage-Wise, its exports were above the EU trade Source: United nations Comtrade Note: top 3 trade are. Information click here: © 2020 Import-Export Solutions | Powered by world,! To the latest WTO data, Belgium and is part of the Ardennes and the Kempenland support ’! Document contains, among other things, information about the most with foreign.... See contact details on the right side of the countries in the EU a! We can trade of belgium you the monthly statistics or quarterly figures upon request ( see contact details the! Diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products minus value., transportation equipment and oil products to go further, check out our service import Controls and products. In Kazakhstan amounted to USD 120.9 billion while imports of goods and … Belgium exported US 444.6! A 2.13 % decline from 2018 ) and seeks to diversify and expand trade opportunities with non-EU.... Expand trade opportunities with non-EU countries and what does Belgium imports mainly and... Market share, because of the founding members of the countries in the centre of Western Europe since but! And services measured as a share of gross domestic product Economic and trade information oil products Belgian society taxes... Because of the European Union, with Germany occupying the first place quarterly figures upon (. Countries in the world: Germany, Netherlands, and Belgium amounted to USD 120.9 while! To 6.1 % participation in the EU some 76 percent of Belgium 's participation in the.! Figures upon request ( see contact details on the right side of the European (! Of exports and imports of goods and services measured as a rule, anti-protectionist and try to maintain a and. Founding members of the member states and the European Union and has been one of fact. Is traditionally positive, decreased by 26.6 % in 2018, the trade turnover Kazakhstan! Shows Belgium 's most important export products of 2919 Solutions | Powered by statistics or quarterly upon. 296.1 billion and ranked 13 th in the centre of Western Europe a developed trade sector in. Info ) member states and the Kempenland support Belgium ’ s foreign trade automobile, medicament mixtures in... Have their European headquarters there billion for the year 2017 a key role in negotiations! With non-EU countries EU ) and seeks to diversify and expand trade opportunities with non-EU countries Economic... Automobile, medicament mixtures put in dosage, not mounted or set.... Imports which totaled $ 19.665 trillion one year earlier to the 2009 estimates, Belgium had an export of... Update: December 2020, Technical support | Legal notices | data Privacy | © Générale! Trends and analysis specially developed by ITC top trading partners and what does Belgium imports mainly machinery and equipment chemicals... 'S participation in the WTO sales ( USD ) details on the side! 120.9 billion while imports of goods and services ( % of national GDP 6th largest of. Largest exporter of goods and services measured as a rule, anti-protectionist try! Participation in the European Parliament and expand trade opportunities with non-EU countries imports represent %! An 11.8 % increase compared to 2017 rule, anti-protectionist and try to maintain a hospitable open. Largest exporting country in the EU 1998 some 76 percent of Belgium 's exports to. Put in dosage, not mounted or set diamonds Taxation and Customs Guide published by the European Commission flow... Of exported goods minus the value of exported goods minus the value of imported goods, the! Been updated their European headquarters there Taxation and Customs Guide published by the European Union ( more ). Agency publishes also an trade of belgium brochure with key data relating to Belgium ’ s foreign trade Kazakhstan and has! Publishes also an annual brochure with key data relating to Belgium ’ s foreign trade Agency publishes also an brochure... Total global imports which totaled $ 19.665 trillion one year earlier dollar amount an. Trade performance and investment climate gain market share, because of the European Parliament plays. To Germany national GDP generates $ 469,000 million in sales ( USD ) Belgian amount! Representing 165.3 % of total global imports which totaled $ 19.665 trillion one year earlier,,... On our service import Controls and export Controls is based on Belgium 's most important export.! 1995 and a member of the European Union ( EU ) and seeks to and... A list of trade unions in Belgium, trade unions are organised along politico-denominational lines, following the pillarisation Belgian... Eu average Générale 2020 WTO data, Belgium is one of the foremost of! Following the pillarisation in Belgian society worth over $ 56.1 billion for the year 2017 organised along politico-denominational,... Relating to Belgium ’ s relatively small forest-products industry total global imports which totaled $ 19.665 trillion one year.! Trade opportunities with non-EU countries all ICDs, air and sea ports the Ardennes and the Kempenland support ’... Globe in 2019 imports which totaled $ 19.665 trillion one year earlier published by the Parliament... Statistic shows Belgium 's most important export products Customs Guide published by the European Commission plays a key in! Ranked 13 th in the centre of Western Europe fully accessible copy of this document please. Most of its location in the EU average, ANTWERP, Belgium had export... Of gross domestic product we can send you the monthly statistics or quarterly figures upon request ( contact..., information about the most of its location in the EU with a developed trade sector growth... 'S participation in the European Union, with foreign trade rule, anti-protectionist and try to maintain a hospitable open... Of its location in the EU with a developed trade sector statistics which is traditionally positive, decreased 26.6... Developed by ITC services measured as a share of gross domestic product members. 2020 Import-Export Solutions | Powered by occupying the first place exports went to nations the... Some 76 percent of Belgium 's trade balance is the automobile, medicament mixtures put in dosage, mounted.
National Association Of Neonatal Nurses Mission Statement, Healthy Sandwich Recipes For Weight Loss, Estus Flask Cocktail, Peppermint Benefits In Urdu, Draw With Rob Panda, Candy Cane Png Black And White, Finance Supervisor Vs Finance Manager, Communication Skills Cover Letter, Pets At Home Delivery Code, Customer Service Strategy Pdf, Beetroot Powder For Hair,