Belgium posted a trade deficit of EUR 1,082.5 million in December of 2018, switching from a EUR 675.6 million surplus in the corresponding month of the previous year. It was the first trade gap recorded since January of 2017. Imports decreased 2.2 percent from a year earlier to EUR 28,715.5 million, mainly due to lower purchases from EU countries (-6.1 percent); while exports fell at a faster 8 percent to EUR 27,633 million, as shipments dropped to both EU countries (-7 percent) and non-EU countries (-10.5 percent). Considering 2018, the trade surplus narrows sharply to EUR 13.6 billion from EUR 19.1 billion in 2018, as exports went up 4.1 percent to EUR 286.4 billion and imports increased 4.3 percent to EUR 243.6 billion. Balance of Trade in Belgium averaged 1070.69 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 -1082.50 EUR Million in December of 2018.

Balance of Trade in Belgium is expected to be 2400.00 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
2018-11-15 02:30 PM Balance of Trade €1721M €1225M € 1520M
2018-12-14 03:00 PM Balance of Trade €2436M €1465M €2640M
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
2019-04-15 01:30 PM Balance of Trade
2019-05-15 01:30 PM Balance of Trade


Belgium Trade Last Previous Highest Lowest Unit
Balance of Trade -1082.50 960.50 2896.60 -1082.50 EUR Million [+]
Current Account -588.00 340.00 7732.00 -6687.00 EUR Million [+]
Current Account to GDP 0.70 -0.60 5.50 -4.00 percent [+]
Imports 28715.50 32663.20 34377.50 6975.70 EUR Million [+]
Exports 27633.00 33623.70 36463.70 7331.30 EUR Million [+]
Terms of Trade 95.10 96.30 108.20 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 1119846.00 1137378.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1082.50 960.50 2896.60 -1082.50 1993 - 2018 EUR Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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