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. Balance of Trade in Belgium averaged 1073.45 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
2019-01-15 02:30 PM Balance of Trade €520M €1978M €2520M
2019-02-15 02:30 PM Balance of Trade €-1082M €960M € 790M
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 €1663.7M €1250M
2019-06-14 01:30 PM Balance of Trade
2019-07-15 01:30 PM Balance of Trade


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 1663.70 1263.50 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 28619.40 31458.00 34377.50 6975.70 EUR Million [+]
Exports 30283.10 32721.50 36463.70 7331.30 EUR Million [+]
Terms of Trade 101.34 92.45 108.20 92.20 Index Points [+]
Capital Flows 409.00 1781.00 7914.00 -7418.00 EUR Million [+]
Remittances 1887.00 1751.00 2137.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Terrorism Index 4.06 4.66 4.66 0.41 [+]
Weapons Sales 12.00 7.00 243.00 1.00 USD Million [+]
Foreign Direct Investment 2901.00 -7095.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1663.70 1263.50 2896.60 -1026.60 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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