1.  Overview the trade of BELGIUM in goods current year until 202005

According to Dalian Infobank, in 202005, BELGIUM's exports and imports of goods amounted to 54419.3121 million, and were down 29.19% comparing with the same period of last year. Among these, exports were down 28.81% at 27687.4862 million, and imports were down 29.58% at 26731.8259 million. And the corresponding trade surplus was 955.6602 million and up 2.15%.

During the current year until 202005, BELGIUM's total exports and imports of goods were 323013.4610 million and were down 14.66% comparing to the same period of last year. Among these, exports were 164885.3510 million and down 14.16%; imports were 158128.1099 million and down 15.18%. The total trade surplus was 6757.2411 million and up 19.36%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202005, BELGIUM's imports and exports to five countries/territories were 49845.8577 million, 44585.8181 million, 37295.2521 million, 24620.6443 million, 17331.6606 million. These values correspond to 15.43%, 13.80%, 11.55%, 7.62%, 5.37% of BELGIUM's imports and exports, and, respectively, were down 18.39%, down 19.06%, down 18.42%, down 2.22%, down 25.02% comparing to the same period of last year.

Current year until 202005, 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 202005, BELGIUM's exports to these five countries/territories were 29381.2462 million, 22230.1337 million, 18649.1312 million, 12682.3188 million, 11314.8209 million. These values correspond to 17.82%, 13.48%, 11.31%, 7.69%, 6.86% of BELGIUM's exports and, respectively, were down 18.30%, down 18.47%, down 18.05%, up 5.85%, down 22.48% comparing with the same period of last year.

Current year until 202005, 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 202005, BELGIUM's imports from these five countries/territories were 25936.6868 million, 20464.6115 million, 15065.1184 million, 11938.3255 million, 8711.2783 million. These values correspond to 16.40%, 12.94%, 9.53%, 7.55%, 5.51% of BELGIUM's total imports and, respectively, were down 19.77%, down 18.52%, down 18.36%, down 9.55%, down 7.99% comparing with the same period of last year.

During the current year until 202005, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, ITALY, LUXEMBOURG at 8916.6347 million, 7165.0153 million, 5297.9812 million, 2341.4948 million, 1752.5230 million, and down 17.80%, down 18.70%, down 12.81%, down 25.15%, down 32.58%. And the trade deficits were mainly from NETHERLANDS, IRELAND, CHINA, JAPAN, SWITZERLAND at 7287.5556 million, 7269.4632 million, 3623.5159 million, 3089.5606 million, 2001.8114 million, and down 23.86%, down 12.07%, down 14.96%, down 19.60%, up 67.30%.

Current year until 202005, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202005,  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 47173.4907 million, 34875.2794 million, 24818.7950 million, 23951.3633 million, 23937.8601 million, which were up 18.92%, down 27.91%, down 36.47%, down 16.71%, down 19.04% comparing with the same period of last year and account for 14.60%, 10.80%, 7.68%, 7.41%, 7.41% of BELGIUM's total imports and exports.

During the current year until 202005, 30, 87, 29, 84, 39 were BELGIUM's top five traded commodities, with total import and export values of 25634.8405 million, 17027.0102 million, 12544.7456 million, 11468.8813 million, 11298.6945 million. These values correspond to 15.55%, 10.33%, 7.61%, 6.96%, 6.85% of BELGIUM's total exports and, respectively, were up 21.96%, down 26.67%, down 17.38%, down 16.02%, down 16.34% comparing to the same period of last year.

During the current year until 202005, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 21538.6502 million, 17848.2691 million, 14398.6011 million, 12482.4821 million, 11393.1145 million. These values correspond to 13.62%, 11.29%, 9.11%, 7.89%, 7.20% of BELGIUM's total exports and, respectively, were up 15.49%, down 29.05%, down 37.13%, down 17.34%, down 20.79% comparing to the same period of last year.

2. Current year until 202005, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202005, BELGIUM-China binational exports and imports of goods amounted to 11277.8009 million and were up 6.66% comparing with the same period of last year. Among these, exports from BELGIUM to China were 3827.1425 million and up 21.24%, imports from China to BELGIUM were 7450.6584 million and up 0.45%. The total binational trade deficit was 3623.5159 million and down 14.96%.

During the urrent year until 202005, 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 1400.0384 million, 1120.7161 million, 987.6296 million, 752.6076 million, 704.3928 million and makes up 12.41%, 9.94%, 8.76%, 6.67%, 6.25% of the total binational imports and exports. These values were also up 3.18%, up 5.61%, up 54.13%, down 1.78%, up 79.67% comparing to the same period last year.

During the current year until 202005, 30, 84, 74, 39, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 905.8328 million, 355.3495 million, 323.2851 million, 286.1883 million, 238.9523 million. These values account for 23.67%, 9.28%, 8.45%, 7.48%, 6.24% of BELGIUM's total exports and were up 65.57%, up 4.48%, up 261.57%, down 0.88%, down 12.19% comparing to the same period of last year.

During the current year until 202005, 84, 85, 87, 29, 63 were BELGIUM's top five traded commodities importing from China , with import values of 1044.6889 million, 989.3671 million, 604.7623 million, 513.6554 million, 503.9866 million. These values account for 14.02%, 13.28%, 8.12%, 6.89%, 6.76% of BELGIUM's total imports and were up 2.74%, up 5.84%, up 103.18%, up 3.94%, up 396.93% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat