Belgium recorded a trade surplus of 3046.40 EUR Million in August of 2020.

Balance of Trade in Belgium averaged 1088.67 EUR Million from 1993 until 2020, reaching an all time high of 3046.40 EUR Million in August 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 2020.

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. Looking forward, we estimate Balance of Trade in Belgium to stand at 2500.00 in 12 months time. In the long-term, the Belgium Balance of Trade is projected to trend around 1090.00 EUR Million in 2021 and 1150.00 EUR Million in 2022, according to our econometric models.

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Belgium Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3046.40 2371.90 3046.40 -1026.60 1993 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 09:00 AM May €592M €1010M
2020-08-14 09:00 AM Jun €3106M €1560M € 3000M
2020-09-18 09:00 AM Jul €3947M €1777M
2020-10-15 03:00 PM Aug €3046.4M €2372M
2020-11-16 10:00 AM Sep €3046.4M € 3750M
2020-12-15 10:00 AM Oct

News Stream
Belgium Posts Smallest Trade Surplus in 5 Months
Belgium's trade surplus decreased to EUR 991.3 million in October 2019 from EUR 1,153.3 million in the same month of the previous year. This was the smallest trade surplus since May. Exports slipped 6.4 percent to EUR 33,307 million, as the reduction of sales to the EU (-10.3 percent) more than offset the increase in shipments to non-EU countries (4.6 percent). Meantime, imports went down at a softer 6.1 percent to EUR 32,316 million, amid lower purchases from both the EU (-7.2 percent) and non-EU countries (-4.2 percent).
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).

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.