Belgium recorded a trade deficit of 2796.90 EUR Million in April of 2022. source: National Bank of Belgium

Balance of Trade in Belgium averaged 1086.61 EUR Million from 1993 until 2022, reaching an all time high of 3982.70 EUR Million in October of 2020 and a record low of -2796.90 EUR Million in April of 2022. 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 June of 2022.

Balance of Trade in Belgium is expected to be 1500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Balance of Trade is projected to trend around 1600.00 EUR Million in 2023, according to our econometric models.

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Belgium Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-05-16 11:30 AM Mar €690.2M €1531.5M € 3000M
2022-06-15 02:00 PM Apr €-2797M €1284M €850M
2022-07-15 02:00 PM May €-2797M

Related Last Previous Unit Reference
Balance of Trade -2796.90 1283.80 EUR Million Apr 2022
Current Account -6249.00 2317.00 EUR Million Dec 2021
Exports 45368.20 53430.50 EUR Million Apr 2022
Imports 48165.10 52146.70 EUR Million Apr 2022
Capital Flows 3397.00 5118.00 EUR Million Sep 2021
Remittances 4860.00 4236.00 EUR Million Dec 2021
Foreign Direct Investment 14105.00 4146.00 EUR Million Dec 2021
External Debt 1305868.00 1255501.00 EUR Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2796.90 1283.80 3982.70 -2796.90 1993 - 2022 EUR Million Monthly