Belgium trade surplus widened 6.5 percent year-on-year to EUR 1,720.9 million in September of 2018 from EUR 1,615.7 million in the corresponding month of the previous year. Exports advanced 2.3 percent from a year earlier to EUR 32,141 million, as shipments to the countries outside the EU rose 4.6 percent and those to the EU countries went up 1.5 percent. Meanwhile, imports increased at a softer 2.1 percent to EUR 30,420.1 million, as purchases from countries outside the EU climbed 10.1 percent while those from EU countries declined 1.9 percent. In the January to September period, the trade surplus narrowed to EUR 12,582.9 million from EUR 14,203.3 million in the same period of 2017. Balance of Trade in Belgium averaged 1077.81 EUR Million from 1993 until 2018, 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 790.00 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 1451.96 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
2018-08-14 01:10 PM Balance of Trade €2004M €1910M € 2690M
2018-09-14 01:00 PM Balance of Trade €1367M €2024M €2840M
2018-10-15 02:00 PM Balance of Trade €415.5M €1497.6M €1590M
2018-11-15 02:30 PM Balance of Trade €1721M €1225M € 1520M
2018-12-14 03:00 PM Balance of Trade €1721M €2640M
2019-01-15 02:40 PM Balance of Trade
2019-02-15 04:30 PM Balance of Trade € 790M


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 1720.90 1224.90 2896.60 -1026.60 EUR Million [+]
Exports 32141.00 31195.60 36463.70 7331.30 EUR Million [+]
Imports 30420.10 29970.70 34377.50 6975.70 EUR Million [+]
Current Account -2388.00 1231.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP -0.20 0.10 5.50 -4.00 percent [+]
Terms of Trade 101.89 95.88 106.90 93.93 Index Points [+]
Capital Flows -432.00 -402.00 7914.00 -7418.00 EUR Million [+]
Remittances 1657.00 1685.00 1749.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Terrorism Index 4.66 1.25 4.66 0.41 [+]
Weapons Sales 12.00 7.00 243.00 1.00 USD Million [+]
Foreign Direct Investment 3119.00 8082.00 35074.00 -13794.00 EUR Million [+]
External Debt 1137378.00 1111447.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1720.90 1224.90 2896.60 -1026.60 1993 - 2018 EUR Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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