Belgium recorded a trade surplus of 1619.30 EUR Million in November of 2019. Balance of Trade in Belgium averaged 1076.46 EUR Million from 1993 until 2019, reaching an all time high of 3030.10 EUR Million in July of 2019 and a record low of -1026.60 EUR Million in August of 2008.

Balance of Trade in Belgium is expected to be 980.00 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 1090.00 in 12 months time. In the long-term, the Belgium Balance of Trade is projected to trend around 50.00 EUR Million in 2020, according to our econometric models.

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Belgium Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1619.30 2259.90 3030.10 -1026.60 1993 - 2019 EUR Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 01:30 PM Aug €1446M €2921M
2019-11-15 02:25 PM Sep €1293M €1977M € 1850M
2019-12-16 02:30 PM Oct €991M €1953M
2020-01-16 02:30 PM Nov €1619M €2260M
2020-02-14 02:30 PM Dec €1619M € 980M


News Stream
2019-11-15
Belgium Trade Surplus Narrows in September
Belgium's trade surplus shrank to EUR 1,293 million in September 2019 from EUR 1,487.4 million in the same month of the previous year. Exports fell 5.4 percent to EUR 31,175.8 million, pushed down by lower sales to EU countries (-8.1 percent to EUR 22,059.4 million) while those to non-EU countries rose 2 percent to EUR 9,116.4 million. Meantime, imports decreased at a softer 5 percent to EUR 29,882.8 million, as acquisitions from non-EU countries (4.7 percent to EUR 11,497.4 million) were not enough to offset the decline in the ones from EU countries (-10.2 percent to EUR 18,385.4 million).

2019-10-15
Belgium Trade Surplus Widens in August
Belgium's trade surplus increased to EUR 1,446 million in August of 2019 from EUR 716 million in the same month of the previous year. Exports dropped 11 percent from a year earlier to EUR 27,922 million while imports slumped 13.5 percent to EUR 26,476 million.

2019-09-16
Belgium Posts Highest Trade Surplus on Record
The trade surplus in Belgium rose to a record high of EUR 2,929 million in July of 2019 from EUR 1,019 million in the same month of the previous year. Imports slumped 10 percent from a year earlier to EUR 29,260 million, its lowest since August of 2018, while exports went down at a softer 4 percent to EUR 32,189 million.

2019-06-14
Belgium Trade Balance Swings to Deficit in April
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.

2019-05-15
Belgium Trade Surplus Widens in March
The trade surplus in Belgium rose by 44.5 percent to EUR 1,640.5 million in March of 2019 from EUR 1,110.4 million in the same month of the previous year. Exports fell 6.2 percent to EUR 32,790 million, dragged down by shipments to both EU countries (-8.2 percent to EUR 23,346.1 million) and non-EU countries (-0.8 percent to EUR 9,443.9 million). Meanwhile, imports dropped at a faster 7.8 percent to EUR 31,185.5 million, as purchases from EU countries slumped 11.7 percent to EUR 19,501.1 million and those from non-EU countries went down 0.5 percent to EUR 11,684.4 million.

2019-04-15
Belgium Trade Surplus Widens in February
The trade surplus in Belgium rose by 10.9 percent to EUR 1,663.7 million in February of 2019 from EUR 1,499.6 million in the corresponding month of the previous year. Exports fell 3.8 percent from a year earlier to EUR 30,283.1 million, dragged down by shipments from both EU countries (-3.8 percent to EUR 21,832.5 million) and non-EU countries (-3.9 percent to EUR 8,450.6 million). Meanwhile, imports dropped at a faster 4.6 percent to EUR 28,619.4 million, as imports from EUR countries slumped 5.3 percent to EUR 18,749 million and those from non-EU countries decreased by 3 percent to EUR 9,870.4 million.


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 Trade Last Previous Highest Lowest Unit
Balance of Trade 1619.30 2259.90 3030.10 -1026.60 EUR Million [+]
Current Account -1287.00 -2735.00 7343.00 -6687.00 EUR Million [+]
Current Account to GDP -1.30 0.70 5.50 -4.00 percent [+]
Imports 29615.30 33230.80 34419.70 6975.70 EUR Million [+]
Exports 31234.60 35490.70 36453.00 7331.30 EUR Million [+]
Terms of Trade 94.65 97.75 108.20 91.59 points [+]
Capital Flows -3567.00 -2926.00 8066.00 -7418.00 EUR Million [+]
Remittances 2151.00 2191.00 2754.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Weapons Sales 16.00 12.00 243.00 1.00 USD Million [+]
Terrorism Index 3.64 4.06 4.66 0.41 [+]
Tourist Arrivals 1898854.00 1898161.00 1898854.00 826792.00 [+]
Foreign Direct Investment -13226.00 -7563.00 43157.00 -15253.00 EUR Million [+]
External Debt 1179179.00 1137456.00 1264535.00 923263.00 EUR Million [+]