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.

Belgium Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-15 02:30 PM Balance of Trade €470.8M €-383.2M €1050M
2019-04-15 01:30 PM Balance of Trade €1663.7M €1263.5M €750M
2019-05-15 01:30 PM Balance of Trade €1604.5M €2115.9M €1250M
2019-06-14 01:30 PM Balance of Trade €-506.3M €697.6M €1685M
2019-07-15 01:30 PM Balance of Trade €-506.3M
2019-08-16 01:30 PM Balance of Trade € 1820M
2019-09-16 01:30 PM Balance of Trade


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade -506.30 697.60 2896.60 -1026.60 EUR Million [+]
Current Account -3783.00 -1620.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP -1.30 0.70 5.50 -4.00 percent [+]
Imports 32551.40 33411.40 34377.50 6975.70 EUR Million [+]
Exports 32045.10 34109.00 36463.70 7331.30 EUR Million [+]
Terms of Trade 98.49 99.95 108.20 92.71 Index Points [+]
Capital Flows -4231.00 -422.00 7914.00 -7418.00 EUR Million [+]
Remittances 2462.00 1820.00 2462.00 935.00 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 4.06 4.66 4.66 0.41 [+]
Foreign Direct Investment 15323.00 3486.00 41808.00 -18569.00 EUR Million [+]
External Debt 1087237.00 1119846.00 1264535.00 923263.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Belgium Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-506.30 697.60 2896.60 -1026.60 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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