Belgium recorded a trade surplus of 4381 EUR Million in July of 2021. source: National Bank of Belgium

Balance of Trade in Belgium averaged 1128.73 EUR Million from 1993 until 2021, reaching an all time high of 4463.30 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 October 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. In the long-term, the Belgium Balance of Trade is projected to trend around 1500.00 EUR Million in 2022 and 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
2021-06-15 10:30 AM Apr €2819M €2963M
2021-07-16 03:00 PM May €1711M €3531M
2021-08-16 02:30 PM Jun €2914M €1931M
2021-09-15 09:00 AM Jul €4381M €2465M
2021-10-15 03:00 PM Aug €4381M
2021-11-15 03:30 PM Sep € 2600M
2021-12-15 10:00 AM Oct

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.

Belgium Last Unit Reference Previous Highest Lowest
Balance of Trade 4381.00 EUR Million Jul/21 2465.10 4463.30 -1026.60
Current Account 4197.00 EUR Million Jun/21 3314.00 7343.00 -6687.00
Exports 35949.70 EUR Million Jul/21 39868.50 39868.50 7331.30
Imports 31568.70 EUR Million Jul/21 37403.40 37403.40 6975.70
Capital Flows 4928.00 EUR Million Jun/21 4199.00 8066.00 -7418.00
Remittances 2767.00 EUR Million Mar/21 2615.00 3000.00 935.00
Foreign Direct Investment -5627.00 EUR Million Jun/21 9075.00 43157.00 -30617.00
External Debt 1213404.00 EUR Million Jun/21 1223223.00 1264535.00 923263.00