Belgium recorded a trade surplus of 1197 EUR Million in November of 2021. source: National Bank of Belgium

Balance of Trade in Belgium averaged 1149.63 EUR Million from 1993 until 2021, reaching an all time high of 4450.80 EUR Million in July of 2021 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 2022.

Balance of Trade in Belgium is expected to be 3000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Balance of Trade is projected to trend around 1600.00 EUR Million in 2023, according to our econometric models.

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Belgium Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 10:30 AM Oct €1370M €3747M
2022-01-14 12:30 PM Nov €1197M €3790M € 1900M
2022-02-15 10:00 AM Dec € -3000M

Related Last Previous Unit Reference
Balance of Trade 1197.00 3790.00 EUR Million Nov/21
Current Account 5226.00 3234.00 EUR Million Sep/21
Exports 41698.80 43460.00 EUR Million Nov/21
Imports 40501.80 39670.00 EUR Million Nov/21
Capital Flows 4928.00 4199.00 EUR Million Jun/21
Remittances 2767.00 2615.00 EUR Million Mar/21
External Debt 1255501.00 1213404.00 EUR Million Sep/21
Foreign Direct Investment -5627.00 9075.00 EUR Million Jun/21
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.