Belgium recorded a trade surplus of 1975.40 EUR Million in November of 2020. source: National Bank of Belgium

Balance of Trade in Belgium averaged 1096.98 EUR Million from 1993 until 2020, reaching an all time high of 4065.10 EUR Million in October of 2020 and a record low of -1026.60 EUR Million in August of 2008. This page provides - Belgium Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Balance of Trade in Belgium is expected to be 1090.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Belgium to stand at 1090.00 in 12 months time. In the long-term, the Belgium Balance of Trade is projected to trend around 1090.00 EUR Million in 2022 and 1150.00 EUR Million in 2023, according to our econometric models.

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Belgium Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1975.40 4065.10 4065.10 -1026.60 1993 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-15 03:00 PM Aug €3046.4M €2372M
2020-11-16 03:30 PM Sep €390.7M €1360.3M € 3750M
2020-12-15 03:00 PM Oct €3710M €1332M €950M
2021-01-15 03:00 PM Nov €1975M €4065M
2021-02-15 02:30 PM Dec €1975M
2021-03-15 02:30 PM Jan
2021-04-15 02:10 PM Feb
2021-05-14 02:30 PM Mar


Belgium Balance of Trade
Foreign trade accounts for approximately 70 percent of the Belgium's economy. About 80% of Belgium's trade is with fellow EU member states. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products.