Belgium recorded a trade surplus of 1711.10 EUR Million in May of 2021. source: National Bank of Belgium

Balance of Trade in Belgium averaged 1116.12 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 July of 2021.

Balance of Trade in Belgium is expected to be 2500.00 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 1500.00 in 12 months time. In the long-term, the Belgium Balance of Trade is projected to trend around 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
1711.10 3531.00 4463.30 -1026.60 1993 - 2021 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 02:05 PM Feb €1089M €3197M
2021-05-17 02:10 PM Mar €2794M €1408M
2021-06-15 10:30 AM Apr €2819M €2963M
2021-07-16 03:00 PM May €1711M €3531M
2021-08-16 09:00 AM Jun €1711M
2021-09-15 09:00 AM Jul
2021-10-15 03:00 PM Aug
2021-11-15 03:30 PM Sep € 2500M

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.