Belgium recorded a trade surplus of 591.60 EUR Million in May of 2020.

Balance of Trade in Belgium averaged 1080.42 EUR Million from 1993 until 2020, reaching an all time high of 3030.10 EUR Million in July of 2019 and a record low of -1026.60 EUR Million in August of 2008. This page provides - Belgium Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Balance of Trade in Belgium is expected to be 3750.00 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 2500.00 in 12 months time. In the long-term, the Belgium Balance of Trade is projected to trend around 1090.00 EUR Million in 2021 and 1150.00 EUR Million in 2022, according to our econometric models.

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Belgium Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
591.60 1010.40 3030.10 -1026.60 1993 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 02:10 PM Feb €1871M €1342M
2020-05-15 02:30 PM Mar €1739M €2623M € 580M
2020-06-15 10:30 AM Apr €2071M €1964M
2020-07-15 09:00 AM May €592M €1010M
2020-08-14 09:00 AM Jun €592M € 3000M
2020-09-15 09:00 AM Jul
2020-10-15 09:00 AM Aug
2020-11-16 10:00 AM Sep € 3750M

News Stream
Belgium Posts Smallest Trade Surplus in 5 Months
Belgium's trade surplus decreased to EUR 991.3 million in October 2019 from EUR 1,153.3 million in the same month of the previous year. This was the smallest trade surplus since May. Exports slipped 6.4 percent to EUR 33,307 million, as the reduction of sales to the EU (-10.3 percent) more than offset the increase in shipments to non-EU countries (4.6 percent). Meantime, imports went down at a softer 6.1 percent to EUR 32,316 million, amid lower purchases from both the EU (-7.2 percent) and non-EU countries (-4.2 percent).
Belgium Trade Surplus Narrows in September
Belgium's trade surplus shrank to EUR 1,293 million in September 2019 from EUR 1,487.4 million in the same month of the previous year. Exports fell 5.4 percent to EUR 31,175.8 million, pushed down by lower sales to EU countries (-8.1 percent to EUR 22,059.4 million) while those to non-EU countries rose 2 percent to EUR 9,116.4 million. Meantime, imports decreased at a softer 5 percent to EUR 29,882.8 million, as acquisitions from non-EU countries (4.7 percent to EUR 11,497.4 million) were not enough to offset the decline in the ones from EU countries (-10.2 percent to EUR 18,385.4 million).
Belgium Trade Surplus Widens in August
Belgium's trade surplus increased to EUR 1,446 million in August of 2019 from EUR 716 million in the same month of the previous year. Exports dropped 11 percent from a year earlier to EUR 27,922 million while imports slumped 13.5 percent to EUR 26,476 million.
Belgium Posts Highest Trade Surplus on Record
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.

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.