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.

Belgium Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 01:30 PM Balance of Trade Apr €-506.3M €697.6M €1685M
2019-07-15 01:30 PM Balance of Trade May €2241.4M €603.6M €1100M
2019-08-16 01:20 PM Balance of Trade Jun €-98.3M €1179.5M € 1820M
2019-09-16 01:30 PM Balance of Trade Jul €2928.6M €1949M € 200M
2019-10-15 01:30 PM Balance of Trade Aug €2928.6M
2019-11-15 02:30 PM Balance of Trade Sep € 1495.1M
2019-12-16 02:30 PM Balance of Trade Oct


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade 2928.60 1949.00 2928.60 -1026.60 EUR Million [+]
Current Account 869.00 -3783.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP -1.30 0.70 5.50 -4.00 percent [+]
Imports 29260.10 30684.70 34419.70 6975.70 EUR Million [+]
Exports 32188.70 32633.70 36453.00 7331.30 EUR Million [+]
Terms of Trade 99.23 93.71 108.20 92.71 Index Points [+]
Capital Flows -1919.00 -4231.00 7914.00 -7418.00 EUR Million [+]
Remittances 1675.00 2462.00 2462.00 935.00 EUR Million [+]
Gold Reserves 227.40 227.40 258.09 227.40 Tonnes [+]
Weapons Sales 16.00 12.00 243.00 1.00 USD Million [+]
Terrorism Index 4.06 4.66 4.66 0.41 [+]
Tourist Arrivals 1626774.00 1708142.00 1878169.00 826792.00 [+]
Foreign Direct Investment 6159.00 15323.00 41808.00 -18569.00 EUR Million [+]
External Debt 1128538.00 1087237.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2928.60 1949.00 2928.60 -1026.60 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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