Belgium trade surplus fell sharply to EUR 520 million in November of 2018 from EUR 2,388.3 million in the corresponding month of the previous year. Imports rose 3.4 percent from a year earlier to EUR 32,074.4 million while imports decreased 2.4 percent to EUR 32,594.4 million. In the January to November period, the trade surplus narrowed to EUR 14,276.6 million from EUR 18,387.2 million in the same period of 2017. Balance of Trade in Belgium averaged 1076.32 EUR Million from 1993 until 2018, 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
2018-10-15 02:00 PM Balance of Trade €415.5M €1497.6M €1590M
2018-11-15 02:30 PM Balance of Trade €1721M €1225M € 1520M
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 €520M € 790M
2019-03-15 02:30 PM Balance of Trade
2019-04-15 01:30 PM Balance of Trade


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 520.00 1978.20 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 32074.40 33361.90 34377.50 6975.70 EUR Million [+]
Exports 32594.40 35340.10 36463.70 7331.30 EUR Million [+]
Terms of Trade 96.30 95.30 108.20 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 4.66 1.25 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
520.00 1978.20 2896.60 -1026.60 1993 - 2018 EUR Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -55.29 Dec/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -2568800.00 Nov/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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