The trade surplus in Belgium rose by 44.5 percent to EUR 1,640.5 million in March of 2019 from EUR 1,110.4 million in the same month of the previous year. Exports fell 6.2 percent to EUR 32,790 million, dragged down by shipments to both EU countries (-8.2 percent to EUR 23,346.1 million) and non-EU countries (-0.8 percent to EUR 9,443.9 million). Meanwhile, imports dropped at a faster 7.8 percent to EUR 31,185.5 million, as purchases from EU countries slumped 11.7 percent to EUR 19,501.1 million and those from non-EU countries went down 0.5 percent to EUR 11,684.4 million. Balance of Trade in Belgium averaged 1076.60 EUR Million from 1993 until 2019, reaching an all time high of 2896.60 EUR Million in September of 2013 and a record low of -1026.60 EUR Million in August of 2008.
Balance of Trade in Belgium is expected to be 2820.00 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 980.00 in 12 months time. In the long-term, the Belgium Balance of Trade is projected to trend around 1090.00 EUR Million in 2020, according to our econometric models.