The trade surplus in Belgium rose to a record high of EUR 2,929 million in July of 2019 from EUR 1,019 million in the same month of the previous year. Imports slumped 10 percent from a year earlier to EUR 29,260 million, its lowest since August of 2018, while exports went down at a softer 4 percent to EUR 32,189 million. Balance of Trade in Belgium averaged 1068.03 EUR Million from 1993 until 2019, reaching an all time high of 2928.60 EUR Million in July of 2019 and a record low of -1026.60 EUR Million in August of 2008.
Balance of Trade in Belgium is expected to be 1495.19 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 580.00 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.