1.  Overview the trade of BELGIUM in goods current year until 202006

According to Dalian Infobank, in 202006, BELGIUM's exports and imports of goods amounted to 64551.2189 million, and were down 10.85% comparing with the same period of last year. Among these, exports were down 10.08% at 33250.9343 million, and imports were down 11.65% at 31300.2846 million. And the corresponding trade surplus was 1950.6497 million and up 25.78%.

During the current year until 202006, BELGIUM's total exports and imports of goods were 387564.6799 million and were down 14.05% comparing to the same period of last year. Among these, exports were 198136.2853 million and down 13.50%; imports were 189428.3946 million and down 14.62%. The total trade surplus was 8707.8908 million and up 20.74%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202006, BELGIUM's imports and exports to five countries/territories were 60002.2749 million, 53329.8457 million, 45006.0282 million, 29057.9160 million, 20860.6092 million. These values correspond to 15.48%, 13.76%, 11.61%, 7.50%, 5.38% of BELGIUM's imports and exports, and, respectively, were down 16.90%, down 18.88%, down 17.49%, down 3.86%, down 23.23% comparing to the same period of last year.

Current year until 202006, 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 202006, BELGIUM's exports to these five countries/territories were 35263.5298 million, 27015.7316 million, 22450.9224 million, 14991.4752 million, 13577.1295 million. These values correspond to 17.80%, 13.63%, 11.33%, 7.57%, 6.85% of BELGIUM's exports and, respectively, were down 17.51%, down 17.10%, down 18.35%, up 6.19%, down 20.68% comparing with the same period of last year.

Current year until 202006, 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 202006, BELGIUM's imports from these five countries/territories were 30878.9233 million, 24738.7451 million, 17990.2966 million, 14066.4407 million, 11171.5531 million. These values correspond to 16.30%, 13.06%, 9.50%, 7.43%, 5.90% of BELGIUM's total imports and, respectively, were down 19.25%, down 16.01%, down 18.06%, down 12.67%, up 0.72% comparing with the same period of last year.

During the current year until 202006, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, ITALY, LUXEMBOURG at 10524.7847 million, 9025.4350 million, 6293.6499 million, 2871.0350 million, 2050.5666 million, and down 20.82%, down 15.13%, down 10.87%, down 20.35%, down 33.78%. And the trade deficits were mainly from IRELAND, NETHERLANDS, CHINA, JAPAN, SWITZERLAND at 9525.1965 million, 8428.0009 million, 4707.1455 million, 3433.9629 million, 2194.3825 million, and down 1.53%, down 21.55%, down 7.62%, down 22.64%, up 52.35%.

Current year until 202006, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202006,  commodities with hs2 codes, 30, 87, 84, 27, 29, were BELGIUM's top five traded commodities. They correspond to the import and export values of 57189.4914 million, 42350.1909 million, 28958.9519 million, 28575.8142 million, 28533.6854 million, which were up 20.40%, down 26.84%, down 15.48%, down 38.54%, down 18.36% comparing with the same period of last year and account for 14.76%, 10.93%, 7.47%, 7.37%, 7.36% of BELGIUM's total imports and exports.

During the current year until 202006, 30, 87, 29, 84, 39 were BELGIUM's top five traded commodities, with total import and export values of 30962.8480 million, 20947.4598 million, 15201.5081 million, 13927.2120 million, 13433.9390 million. These values correspond to 15.63%, 10.57%, 7.67%, 7.03%, 6.78% of BELGIUM's total exports and, respectively, were up 22.78%, down 25.33%, down 13.79%, down 15.25%, down 16.27% comparing to the same period of last year.

During the current year until 202006, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 26226.6434 million, 21402.7311 million, 16517.9386 million, 15031.7399 million, 13332.1774 million. These values correspond to 13.85%, 11.30%, 8.72%, 7.94%, 7.04% of BELGIUM's total exports and, respectively, were up 17.71%, down 28.25%, down 39.15%, down 15.70%, down 23.02% comparing to the same period of last year.

2. Current year until 202006, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202006, BELGIUM-China binational exports and imports of goods amounted to 14071.3447 million and were up 11.83% comparing with the same period of last year. Among these, exports from BELGIUM to China were 4682.0996 million and up 25.07%, imports from China to BELGIUM were 9389.2451 million and up 6.22%. The total binational trade deficit was 4707.1455 million and down 7.62%.

During the urrent year until 202006, commodities with hs2 code, 84, 85, 30, 87, 29, were binational trade's top five traded commodities. They correspond to import and export values of 1710.6233 million, 1414.6771 million, 1231.3298 million, 936.8342 million, 900.4844 million and makes up 12.16%, 10.05%, 8.75%, 6.66%, 6.40% of the total binational imports and exports. These values were also up 6.71%, up 10.69%, up 70.58%, up 98.68%, up 0.66% comparing to the same period last year.

During the current year until 202006, 30, 74, 84, 39, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 1126.7457 million, 422.7409 million, 419.4416 million, 351.4140 million, 279.4504 million. These values account for 24.06%, 9.03%, 8.96%, 7.51%, 5.97% of BELGIUM's total exports and were up 83.00%, up 232.99%, up 3.09%, up 0.45%, down 9.20% comparing to the same period of last year.

During the current year until 202006, 84, 85, 87, 63, 29 were BELGIUM's top five traded commodities importing from China , with import values of 1291.1817 million, 1254.8151 million, 799.5360 million, 673.1635 million, 621.0341 million. These values account for 13.75%, 13.36%, 8.52%, 7.17%, 6.61% of BELGIUM's total imports and were up 7.94%, up 12.10%, up 128.63%, up 418.05%, up 5.84% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat