The trade surplus in Belgium narrowed sharply to EUR 470.8 million in January of 2019 from EUR 1,256.5 million in the corresponding month of the previous year. Exports fell 7.3 percent from a year earlier to EUR 30,953.9 million, dragged down by lower sales to EU countries (-10.3 percent to EUR 22,058.2 million) while those to non-EU countries edged up 0.9 percent to EUR 8,895.7 million. Meanwhile, imports decreased at a softer 5.2 percent to EUR 30,483.1 million, as purchases from both non-EU countries (-6.8 percent to EUR 11,394.4 million) and EU countries (-4.1 percent to EUR 19,088.7 million) dropped. Balance of Trade in Belgium averaged 1069.21 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 2400.00 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.

Belgium Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-14 03:00 PM Balance of Trade €2436M €1465M €2640M
2019-01-15 02:30 PM Balance of Trade €520M €1978M €2520M
2019-02-15 02:30 PM Balance of Trade €-1082M €960M € 790M
2019-03-15 02:30 PM Balance of Trade €470.8M €-383.2M €1050M
2019-04-15 01:30 PM Balance of Trade €470.8M
2019-05-15 01:30 PM Balance of Trade
2019-06-14 01:30 PM Balance of Trade


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 470.80 -383.20 2896.60 -1026.60 EUR Million [+]
Current Account -588.00 340.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP 0.70 -0.60 5.50 -4.00 percent [+]
Imports 30483.10 29892.90 34377.50 6975.70 EUR Million [+]
Exports 30953.90 29509.70 36463.70 7331.30 EUR Million [+]
Terms of Trade 92.45 95.10 108.20 92.20 Index Points [+]
Capital Flows 409.00 1781.00 7914.00 -7418.00 EUR Million [+]
Remittances 1887.00 1751.00 2137.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Terrorism Index 4.06 4.66 4.66 0.41 [+]
Weapons Sales 12.00 7.00 243.00 1.00 USD Million [+]
Foreign Direct Investment 2901.00 -7095.00 41808.00 -18569.00 EUR Million [+]
External Debt 1119846.00 1137378.00 1264535.00 923263.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Belgium Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Balance of Trade - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
470.80 -383.20 2896.60 -1026.60 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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