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.