Belgium posted a trade gap of EUR 506.3 million in April of 2019, switching from a EUR 1,384.9 million surplus in the same month of the previous year. Exports rose 3.1 percent from a year earlier to EUR 32,045 million, led by shipments to non-EU countries (+19.3 percent to EUR 9,739 million). At the same time, imports jumped 9.6 percent to EUR 32,551 million, boosted by purchases from both EU countries (+8.7 percent to EUR 20,619 million) and non-EU countries (+11.1 percent to EUR 11,932 million). In the January to April period, the trade surplus narrowed sharply to EUR 2,730 million from EUR 5,251 million in the corresponding period of the previous year, as exports edged up only 0.1 percent while imports climbed 2.1 percent. Balance of Trade in Belgium averaged 1066.04 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.