1.  Overview the trade of BELGIUM in goods current year until 202004

According to Dalian Infobank, in 202004, BELGIUM's exports and imports of goods amounted to 53120.0578 million, and were down 30.36% comparing with the same period of last year. Among these, exports were down 30.36% at 26803.2368 million, and imports were down 30.36% at 26316.8210 million. And the corresponding trade surplus was 486.4157 million and down 30.37%.

During the current year until 202004, BELGIUM's total exports and imports of goods were 268594.1488 million and were down 10.96% comparing to the same period of last year. Among these, exports were 137197.8649 million and down 10.44%; imports were 131396.2840 million and down 11.50%. The total trade surplus was 5801.5809 million and up 22.76%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202004, BELGIUM's imports and exports to five countries/territories were 41282.1966 million, 37012.3906 million, 30862.4322 million, 20507.8813 million, 14801.3932 million. These values correspond to 15.37%, 13.78%, 11.49%, 7.64%, 5.51% of BELGIUM's imports and exports, and, respectively, were down 14.17%, down 15.46%, down 15.20%, up 1.76%, down 20.83% comparing to the same period of last year.

Current year until 202004, BELGIUM and the top five trade partners GERMANY, FRANCE, NETHERLANDS, UNITED STATES, UNITED KINGDOM are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202004, BELGIUM's exports to these five countries/territories were 24067.8694 million, 18443.2666 million, 15530.6564 million, 10456.3431 million, 9822.4243 million. These values correspond to 17.54%, 13.44%, 11.32%, 7.62%, 7.16% of BELGIUM's exports and, respectively, were down 14.74%, down 15.26%, down 14.23%, up 8.42%, down 19.01% comparing with the same period of last year.

Current year until 202004, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, FRANCE, UNITED STATES, IRELAND are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202004, BELGIUM's imports from these five countries/territories were 21481.7341 million, 17214.3273 million, 12419.1656 million, 10051.5383 million, 7428.9621 million. These values correspond to 16.35%, 13.10%, 9.45%, 7.65%, 5.65% of BELGIUM's total imports and, respectively, were down 16.32%, down 13.35%, down 15.10%, down 4.35%, down 8.48% comparing with the same period of last year.

During the current year until 202004, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, ITALY, LUXEMBOURG at 6853.5421 million, 6024.1010 million, 4843.4554 million, 2085.0732 million, 1480.1102 million, and down 18.04%, down 15.59%, down 12.90%, down 24.13%, down 28.45%. And the trade deficits were mainly from IRELAND, NETHERLANDS, CHINA, JAPAN, SWITZERLAND at 6201.9544 million, 5951.0777 million, 2802.4079 million, 2622.9737 million, 1578.0218 million, and down 13.82%, down 21.32%, down 19.37%, down 14.01%, up 53.15%.

Current year until 202004, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202004,  commodities with hs2 codes, 30, 87, 27, 84, 29, were BELGIUM's top five traded commodities. They correspond to the import and export values of 38611.9012 million, 29762.6638 million, 21534.8780 million, 19717.8337 million, 19437.4654 million, which were up 21.73%, down 23.55%, down 29.61%, down 13.78%, down 17.53% comparing with the same period of last year and account for 14.38%, 11.08%, 8.02%, 7.34%, 7.24% of BELGIUM's total imports and exports.

During the current year until 202004, 30, 87, 29, 84, 39 were BELGIUM's top five traded commodities, with total import and export values of 21179.4417 million, 14353.5927 million, 10128.4871 million, 9491.5162 million, 9404.2023 million. These values correspond to 15.44%, 10.46%, 7.38%, 6.92%, 6.85% of BELGIUM's total exports and, respectively, were up 25.76%, down 23.36%, down 14.88%, down 12.82%, down 13.16% comparing to the same period of last year.

During the current year until 202004, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 17432.4595 million, 15409.0711 million, 12503.2529 million, 10226.3175 million, 9308.9783 million. These values correspond to 13.27%, 11.73%, 9.52%, 7.78%, 7.08% of BELGIUM's total exports and, respectively, were up 17.17%, down 23.73%, down 30.97%, down 14.65%, down 20.22% comparing to the same period of last year.

2. Current year until 202004, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202004, BELGIUM-China binational exports and imports of goods amounted to 8850.8678 million and were up 4.06% comparing with the same period of last year. Among these, exports from BELGIUM to China were 3024.2299 million and up 20.25%, imports from China to BELGIUM were 5826.6378 million and down 2.74%. The total binational trade deficit was 2802.4079 million and down 19.37%.

During the urrent year until 202004, commodities with hs2 code, 84, 85, 30, 29, 87, were binational trade's top five traded commodities. They correspond to import and export values of 1118.7557 million, 902.5956 million, 826.8607 million, 589.3092 million, 498.2958 million and makes up 12.64%, 10.20%, 9.34%, 6.66%, 5.63% of the total binational imports and exports. These values were also up 2.54%, up 6.56%, up 64.06%, down 6.35%, up 64.29% comparing to the same period last year.

During the current year until 202004, 30, 84, 39, 74, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 754.4051 million, 284.3540 million, 224.9190 million, 182.3195 million, 179.2721 million. These values account for 24.95%, 9.40%, 7.44%, 6.03%, 5.93% of BELGIUM's total exports and were up 76.29%, up 3.00%, up 0.96%, up 149.20%, down 20.59% comparing to the same period of last year.

During the current year until 202004, 84, 85, 87, 64, 29 were BELGIUM's top five traded commodities importing from China , with import values of 834.4017 million, 794.6234 million, 418.5974 million, 411.5828 million, 410.0371 million. These values account for 14.32%, 13.64%, 7.18%, 7.06%, 7.04% of BELGIUM's total imports and were up 2.38%, up 6.42%, up 80.47%, down 13.02%, up 1.62% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat