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Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. +32 2 206 35 73Cédric Cludts A.D. -Trade Belgium generates $469,000 million in sales (USD). Belgium trade statistics which is based on Belgium customs data covers import details of all ICDs, air and sea ports. Includes websites and other resources where U.S. companies can get more information on how … If you require a fully accessible copy of this document, please contact StatsSection@dfat.gov.au; Travel information. We can send you the monthly statistics or quarterly figures upon request (see contact details on the right side of the screen). The main imports are oil and mineral fuels, vehicles (8.5%), pharmaceuticals (5.3%) and organic chemicals (4.5%). Given this high percentage, it seeks to diversify and expand trade opportunities with non-EU countries.             Click on the image to visualise the entire file. In addition to being considered an export champion (10th in the world rank), Belgium plays an important role as a transit and distribution centre for other countries in the European Union. Do you know Belgium's most important export products of 2015? In 2018, the trade turnover between Kazakhstan and Belgium amounted to $460 million, a 60% increase compared to 2017. The nation's main trade partners are in the EU. The European Commission plays a key role in trade negotiations, under the supervision of the Member States and the European Parliament. Report It to Us. … +32 2 206 35 64, © 2010-2020 - Belgian Foreign Trade Agency, Belgium's Foreign Trade 2020 (first 6 months), Belgium's Foreign Trade 2020 (first 3 months), Belgium's Foreign Trade - Products and Partners - January 2020 - March 2020. Exports of services amounted to USD 120.9 billion while imports of services stood at USD 128.7 billion. The most important sectors of Belgium’s economy in 2018 were public administration, defence, education, human health and social work activities (22.1%), wholesale and retail trade, transport, accommodation and food services (19.4%) and industry (16.7%). Belgium trade to gdp ratio for 2019 was 163.29%, a 2.13% decline from 2018. The main export products are vehicles (7.3%), petroleum oils (6.8%), medicaments (5.9%), and blood (3.8%). The Belgian authorities are, as a rule, anti-protectionist and try to maintain a hospitable and open trade and investment climate. Do you know Belgium's most important export products of 2016? That dollar amount reflects an 11.8% increase since 2015 but a -4.7% drop from 2018 to 2019. In 2016, the country was the 6th largest exporter of goods in the European Union, with Germany occupying the first place. A.D. -Trade Belgium is located in Mortsel, ANTWERP, Belgium and is part of the Sporting Goods Stores Industry. This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. The statistic shows Belgium's trade balance from 2009 to 2019. Do you know Belgium's most important export products of 2919? +32 2 206 35 78, Dennis Gijsbrechts The services sector also have to prepare for the risks of Brexit; key logistic and transport services are provided through Belgian ports connecting Belgium, the UK and global markets. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products. Unlike many OECD countries, Belgian export growth increased in 2016, to 6.1%. This page contains a list of trade unions in Belgium.. Do you know Belgium's most important export products? Belgian trade growth was below the OECD average in the pre-crisis years, but has broadly tracked the OECD rates in the post-crisis years. Trade: In May 2020 the top exports of Belgium were Pharmaceutical products (€3.07B), Vehicles; other than railway or tramway... (€2.02B), Organic chemicals (€1.81B), Nuclear reactors, boilers, machinery and mechanical... (€1.29B), and Plastics and articles thereof (€1.17B). Do you know Belgium's most important export products of 2018? Belgium trade data of imports known as Belgium import data. Foreign demand for Belgian goods and services is under some pressure, due to increased protectionism and the possible escalation of the various trade conflicts initiated by the United States. Data privacy   |  © Société Générale 2020. In Belgium, trade unions are organised along politico-denominational lines, following the pillarisation in Belgian society. In accordance with the Treaty of Lisbon, the Commission conducts tariff and trade negotiations with third-party states or with international organisations, in particular the World Trade Organisation (WTO). Top 3 Trade Partners (2019): Germany, Netherlands, and France Christelle Charlier Trade Balance (2018) $16,264,602,836. Belgium's Foreign Trade 2014 (first 12 months), Belgium's Foreign Trade 2014 (first 9 months), Belgium's Foreign Trade 2014 (first 6 months), Belgium's Foreign Trade 2014 (first 3 months), Belgium's Foreign Trade 2013 (first 9 months), Belgium's Foreign Trade 2013 (first 6 months), Belgium's Foreign Trade 2013 (first 3 months). 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. Country risk of Belgium : International trade The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). With its major ports (Antwerp is the second largest port in Europe) and excellent logistical infrastructure, a significant portion of bilateral trade either originates in, … and Export Controls. According to WTO data, in 2018, exports amounted to USD 466.7 billion (a growth of 8%) while imports reached USD 450 billion (a growth of 4.9%). Intra-EU trade accounts for 73% of Belgium’s exports (Germany 18%, France 14% and the Netherlands 12%), while outside the EU 5% go to the United States and 2% to both India and China. Belgium Trade Last Previous Highest Lowest Unit; Balance of Trade 390.70: 1360.30: 2896.60-1026.60: EUR Million: Current Account Belgium Trade, Exports and Imports. For more information click here: © 2020 Import-Export Solutions   |   Powered by. Belgium is one of the founding members of the European Union and has been one of the foremost proponents of regional economic integration. Belgium role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners (nearly 80% of exports and imports). International Trade Analyst cedric.cludts@abh-ace.be Belgium's Foreign Trade 2017 (first 9 months), Belgium's Foreign Trade 2017 (first 6 months), Belgium's Foreign Trade 2017 (first 3 months). The planted forests of the Ardennes and the Kempenland support Belgium’s relatively small forest-products industry. Before you travel, visit smartraveller.gov.au According to the latest WTO data, Belgium is the 10th largest exporting country in the world. Belgium is a member of the European Union (EU) and seeks to diversify and expand trade opportunities with non-EU countries. Belgian exports amount to more than 80% of national GDP. To go further, check out our service Import Controls Belgium's Foreign Trade 2016 (first 9 months), Belgium's Foreign Trade 2016 (first 6 months), Belgium's Foreign Trade 2016 (first 3 months). Figure 1. It acts by consulting … Belgium and the WTO. Exports of goods and services (% of GDP) (2019) [2] 81.73%. Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Operations carried out within the EEA are duty-free. About 80% of Belgium's trade is with fellow EU member states. Top 3 of the Belgian export products: January - June 2020, Legend: orange = chemical products, yellow = transport equipment, Trade balance is the value of exported goods minus the value of imported goods. This document contains, among other things, information about the most important customers, suppliers, import and export products. Belgium - Trade AgreementsBelgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. For more information, consult the Taxation and Customs Guide published by the European Commission. Belgium exported US$444.6 billion worth of goods around the globe in 2019. The future of Brexit and the consequent fall of British demand could negatively impact Belgian exports due to the strong trade links with the UK, especially in sectors such as the automotive industry, textiles and carpets, agri-food and beverages and pharmaceuticals. Belgian Justice Minister Vincent Van Quickenborne wants to crack down on the cocaine trade by placing the entire Port of Antwerp under a single law enforcement authority. Belgium GDP was a total of $533 billion in 2018. About 80% of Belgium's trade is with fellow EU member states. Belgian imports represent 2.2% of total global imports which totaled $19.665 trillion one year earlier. The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP  (World Bank, 2018). List of trade unions in Belgium Last updated March 25, 2020 Socialist (red) and Christian (green) trade unionists pictured in Brussels in 2010. Belgium country brief; Belgium country/economy fact sheet [PDF] This document may not meet the Web Content Accessibility Guidelines (WCAG) 2.1. Total Imports (2018) $450,388,977,141. This page gathers information on Belgium's participation in the WTO. Our Data Privacy Policy and our Terms and Conditions have been updated. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Foreign direct investments from Belgium in Kazakhstan amounted to $7.9 billion in 2018. By continuing your visit to this website, you accept the data privacy policy of the website as well as the use of cookies to secure your connection, facilitate your navigation, offer services and offers adapted and make visits statistic. Organisation of the EU's common commercial policy The common commercial policy falls within the exclusive competence of the European Union. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgium’s foreign trade. Belgium has welcomed hundreds of U.S. firms to its territory, many of which have their European headquarters there. This document contains, among other things, information about the most important customers, suppliers, import and export products. Belgium's trade balance, which is traditionally positive, decreased by 26.6% in 2018 and displayed a surplus of USD 16.2 billion. Oats, rye, and potatoes are the chief crops; wheat, sugar beets, chicory, hops, flax, and ornamental plants (e.g., azaleas, roses, and begonias) also are grown in southwestern Flanders. Belgium welcomes the adoption of a sanctions regime to target perpetrators of serious human rights violations around the world, a new tool that Belgium supported. © Export Entreprises SA, All Rights Reserved. In fact, in 1998 some 76 percent of Belgium's exports went to nations in the EU. In May 2020 the top imports of Belgium were Pharmaceutical products (€2.77B), Vehicles; other than railway or tramway... (€1.61B), … 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. In addition to being considered an export champion (10th in the world rank), Belgium plays an important role as a transit and distribution centre for other countries in the European Union. Director Studies, Statistics and Communicationchristelle.charlier@abh-ace.be Belgium's Foreign Trade 2019 (first 9 months), Belgium's Foreign Trade 2019 (first 6 months), Belgium's Foreign Trade 2019 (first 3 months), Belgium's Foreign Trade - Products and Partners - January 2019 - March 2019. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. According to OECD data, exports of goods amounted to USD 407.3 billion from January to November 2019 (a fall of 5.1% compared to the same period of the previous year), while imports of goods amounted to USD 390 billion (a rise of 6%), displaying a surplus of USD (+15%). Belgium is one of the countries in the EU with a developed trade sector. It is a member State of the European Union (more info). Includes websites and other resources where U.S. companies can get more information on how … Any Comment About This Content? Economic and trade information. 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