belgium trade balance

Accessed December 12, 2020. https://www.statista.com/statistics/328806/trade-balance-of-belgium/, WTO, and Statista. This statistic is not included in your account. Directly accessible data for 170 industries from 50 countries Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Belgium recorded a trade surplus of 390.70 EUR Million in September of 2020. Belgium : Table - Balance of trade (US Dollars) Trade with Belgium: machinery and mineral fuels. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Trade Balance After the first six months of 2020, Belgium ran a foreign trade surplus of roughly EUR 9.2 billion, which is EUR 3.6 billion more than after the first semester of 2019. Belgium - Trade Balance The economy should have recovered somewhat in Q3 after entering recession in Q2, although the pandemic continued to weigh on activity somewhat. Current account balance (% of GDP) International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. Turning to Q3, the signs of a recovery appear muted. Overview: In May 2020 Belgium exported €18.3B and imported €18.2B, resulting in a positive trade balance of €135M.Between May 2019 and May 2020 the exports of Belgium have decreased by €-6.46B (-26.1%) from €24.8B to €18.3B, while imports decreased by €-7.8B (-30%) from €26B to €18.2B. Trade balance is the value of exported goods minus the value of imported goods. Belgium services export is 123,516,171,300 in BoP, current US$ and services import is 123,543,691,510 in Bop, current US$.Belgium exports of goods and services as percentage of GDP is 82.58% and imports of goods and services as percentage of GDP is 82.74%. License : CC BY-4.0 A positive trade balance signifies a trade … facts. In 2018, Belgium-Luxembourg exported $442B and imported $432B, resulting in a positive trade balance of $9.59B. Net trade in goods and services (BoP, current US$) - Belgium International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Merchandise Trade statistics data for Belgium (BEL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Belgium imports raw materials and semi-finished goods that are processed in the country and then re-exported. A positive value indicates a trade surplus, a negative value a trade deficit. As soon as this statistic is updated, you will immediately be notified via e-mail. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. ", WTO & Statista, Belgium: Trade balance from 2009 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/328806/trade-balance-of-belgium/ (last visited December 12, 2020), Median age of the population in Belgium 2015, Gross domestic product (GDP) in Belgium 2021, Gross domestic product (GDP) per capita in Belgium 2025, Gross domestic product (GDP) growth rate in Belgium 2025, Belgium: Share in global GDP adjusted for PPP 2025, Share of economic sectors in the GDP in Belgium 2019, Employment by economic sector in Belgium 2020, National debt of Belgium in relation to gross domestic product (GDP) 2025, Ratio of military expenditure to gross domestic product (GDP) in Belgium 2019, Ratio of government expenditure to gross domestic product (GDP) in Belgium 2025, Belgium's budget balance in relation to GDP 2025, New cases of COVID-19 worldwide from January 23 to December 10, 2020, by day, Food products trade balance in Belgium 2007-2019, Trade balance of the Solomon Islands 2019, Trade balance of São Tomé and Príncipe 2019, Value of U.S. merchandise trade with Belgium 2000-2010, Public opinion of protectionism in Belgium in 2016, Quarterly value of the services trade between the Netherlands and Belgium 2014-2016, Export value to Belgium from Kuwait 2010-2017, Public opinion of free trade in Belgium in 2019, Office software market revenue in Czechia 2016-2021, Consumer consumption on glassware, tableware and utensils in Hungary 2008-2018, Nitrous oxide emissions from specialized construction works in the UK 1990-2017, Forecast: revenue glass fiber manufacture Germany 2009-2020, Belgium: Trade balance from 2009 to 2019 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Belgium - Trade Balance (Euros) A second estimate revealed the economy entered recession in Q2 as the pandemic took its toll on domestic demand, weighing on private consumption and investment. We draw up, among others, bilateral sheets about Belgium’s relationship with other countries and commentary memos on world trade and Belgium’s foreign trade. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Please create an employee account to be able to mark statistics as favorites. WTO, & Statista. The analysed country is : Belgium. The major export commodity in Belgium … "Belgium: Trade Balance from 2009 to 2019 (in Billion U.S. Belgium Trade Balance - 0.465 USD Billion in 2020. Belgium Trade, Exports and Imports. A country’s trade balance (or balance of trade) is the difference between exports and imports of goods and services in that country. The statistic shows Belgium's trade balance from 2009 to 2019. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. (April 15, 2020). License : CC BY-4.0 You can only download this statistic as a Premium user. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Belgium posted an overall $18.4 billion trade surplus for 2019, up by 12.9% from $16.3 billion in black ink one year earlier. Data for Q3 shows that industrial production deteriorated at a reduced rate in July–August relative to Q2. Trade: The top exports of Belgium-Luxembourg are Cars ($29.4B), Refined Petroleum ($27.1B), Packaged Medicaments ($23.5B), Diamonds ($16.6B), and Blood, antisera, vaccines, toxins and cultures ($16.2B). and over 1 Mio. HS Code Export USD$ (87) Motor Vehicles & Parts: $55,402,225,950 (30) Pharmaceuticals Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus. The second part of this article focuses specifically on trade in goods. Dollars). If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Belgium: Trade balance from 2009 to 2019 (in billion U.S. dollars) [Graph]. Data are in current U.S. dollars. Update, Insights into the world's most important technology markets, Advertising & Media Outlook The ideal entry-level account for individual users. About 80% of Belgium's trade is with fellow EU member states. New, Figures and insights about the advertising and media world, Industry Outlook NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. This feature is limited to our corporate solutions. Balance of Trade in Belgium averaged 1092.04 EUR Million from 1993 until 2020, reaching an all time high of 3947.30 EUR Million in July of 2020 and a record low of -1026.60 EUR Million in August of 2008. Foreign trade accounts for approximately 70 percent of the Belgium's economy. dollars)." Statista. Belgium and the WTO. 2020 : U.S. trade in goods with Belgium . This page gathers information on Belgium's participation in the WTO. You need at least a Single Account to use this feature. The European Union’s trade balance was positive in 2019, with exports exceeding imports by €197 billion, as against 152 billion the previous year, data published on Wednesday by the European Statistical Office, Eurostat, shows. Please check your download folder. As raw materials and natural resources are not sufficient, the balance of trade is usually towards imports and thus there is always some trade deficit in Belgium. This statistic has been calculated by Statista using data from the World Trade Organization. Belgium Trade Balance recorded a deficit of 1.5 USD bn in Sep 2020, compared with a deficit of 709.7 USD mn in the previous month. Details may not equal totals due to rounding. Between 2012 and 2019, Belgium consequently exported more goods than it imported. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). New, Everything you need to know about the industry development, Find studies from all around the internet. Foreign trade is an important part of the country’s economy and the country performs well in terms of exports and the general trade balance. Trade balance with Belgium and Luxembourg. Chart. "Belgium: Trade balance from 2009 to 2019 (in billion U.S. Profit from additional features by authenticating your Admin account. COVID-19 deaths worldwide as of December 11, 2020, by country, COVID-19 cases worldwide as of December 11, 2020, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Dec. 11, 2020, Cumulative cases of COVID-19 worldwide from January 22 to December 10, 2020, by day. Belgium recorded a trade surplus of 3947.30 EUR Million in July of 2020. The values have been rounded to provide a better understanding of the statistic. Around 60% of its exports are intermediate goods, mainly machinery and equipment but also many chemicals and related products. Because Belgium exports more than it imports, its trade balance is manifestly positive. Category: Trade & International Transactions > Trade Balance, 33 economic data series, FRED: Download, graph, and track economic data. April 15, 2020. A paid subscription is required for full access. It is a member State of the European Union (more info). Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Machinery is the most important product imported from Belgium. Please check your download folder. EU-UK trade deal hangs in the balance with four weeks to go. The trade balance is the value of goods exports minus the value of goods imported. As a Premium user you get access to the detailed source references and background information about this statistic. Belgium has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948. Last year machinery (mainly cars) constituted nearly one fifth of total imports from Belgium. Trade in goods. Belgium Trade Balance data is updated monthly, available from Jan 1995 to Sep 2020, with an averaged value of -21.1 USD mn. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Balance of Trade in Belgium averaged 1081.21 EUR Million from 1993 until 2020, reaching an all time high of 2896.60 EUR Million in September of 2013 and a record low of -1026.60 EUR Million in August of 2008. The result is: -3,974,698,027 $. You only have access to basic statistics. The lowest data : 1980 is the lowest year for the indicator : Balance of trade (US Dollars). The data reached an all-time high of 1.7 USD bn in Jul 1997 and a record low of -3.3 USD bn in Aug 2011. According to the 2009 estimates, Belgium had an export volume of $296.1 billion and ranked 13 th in the world. Please do not hesitate to contact me. You need a Single Account for unlimited access. Please authenticate by going to "My account" → "Administration". External balance on goods and services (formerly resource balance) equals exports of … ... Belgium January 30, 2020. Learn more about how Statista can support your business. Figure 1 uses balance of payments and national accounts data to show the relative importance of trade in goods compared with gross domestic product (GDP).Thereafter, the focus is on international trade … Below you will find the last recordings for the indicator : Balance of trade (US Dollars). Table reflects only those months for which there was trade. Belgium Trade Statistics. Take-profit.org provides actual statistics, charts, historical data by presidents about trade surplus and deficit in Belgium. Then you can access your favorite statistics via the star in the header. In, WTO, und Statista. Register in seconds and access exclusive features. Corporate solution including all features. EU Member States trade mainly among themselves, with intra-EU trade amounting to 59% of the total. As a Premium user you get access to background information and details about the release of this statistic. Are you interested in testing our corporate solutions? The Belgian trade balance showed a surplus of 0.4 billion euros in November; exports were projected at 20.3 billion euros against 19.9 billion for imports, reveal first estimations by the National Ban This document contains, among other things, information about the most important customers, suppliers, import and export products. This statistic shows Belgium's goods trade balance from 2012 to 2019 (in billion euros). Then you will be able to mark statistics as favourites and use personal statistics alerts. To your site: your image export is now complete and imported 432B. 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