Trade Trend

In 2023, Belgium's total export value is 564.81Billion USD, total import value is 548.09Billion USD, Surplus is 16.72Billion USD, and foreign trade dependency is 1.760. In 2023，Belgium's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(45.11Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(42.63Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(42.14Billion USD), top export destinations are Germany(105.10Billion USD), France(76.04Billion USD), Netherlands(74.21Billion USD). In 2023, Belgium's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(43.01Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(37.58Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(31.25Billion USD), top import origins are Netherlands(104.34Billion USD), Germany(66.30Billion USD), France(56.26Billion USD).

Comparing to 2022, Belgium's total export value decreased -61.57Billion USD(-9.83%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-33.50Billion USD or -66.71%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-21.17Billion USD or -33.44%), Electrical energy(-4.08Billion USD or -67.37%) and export decreases to countries/economics such as Germany(-28.63Billion USD or -21.41%), Netherlands(-12.50Billion USD or -14.42%), France(-6.71Billion USD or -8.11%). Comparing to 2022, Belgium's total import value decreased -65.80Billion USD(-10.72%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-38.21Billion USD or -58.95%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-6.82Billion USD or -15.36%), Diamonds, whether or not worked, but not mounted or set(-3.72Billion USD or -28.95%), and its import decreases from countries/economies such as United Kingdom(-15.20Billion USD or -42.01%), Netherlands(-10.25Billion USD or -8.94%), Russia(-9.61Billion USD or -70.13%).

Cumulated to first 7 months of 2024, Belgium's total export value is 185.83Billion USD, total import value is 183.49Billion USD, and tradesurplus is 2.34Billion USD. Cumulated to first 7 months of 2024, Belgium's top export products are Commodities not specified according to kind(31.22Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(13.42Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(11.89Billion USD), and top export destinations are None(31.21Billion USD), Germany(23.49Billion USD), Netherlands(17.66Billion USD). Cumulated to first 7 months of 2024, Belgium's top import products are Commodities not specified according to kind(31.22Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(13.42Billion USD), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(11.89Billion USD), and top import origins areNone(28.67Billion USD), Netherlands(26.52Billion USD), Germany(15.66Billion USD).