1.  Overview the trade of BELGIUM in goods current year until 202007

According to Dalian Infobank, in 202007, BELGIUM's exports and imports of goods amounted to 63757.6910 million, and were down 14.20% comparing with the same period of last year. Among these, exports were down 13.84% at 33238.1943 million, and imports were down 14.58% at 30519.4967 million. And the corresponding trade surplus was 2718.6976 million and down 4.57%.

During the current year until 202007, BELGIUM's total exports and imports of goods were 451322.3709 million and were down 14.07% comparing to the same period of last year. Among these, exports were 231374.4796 million and down 13.55%; imports were 219947.8913 million and down 14.61%. The total trade surplus was 11426.5883 million and up 13.57%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202007, BELGIUM's imports and exports to five countries/territories were 69960.0221 million, 61697.6303 million, 52623.5740 million, 33309.2919 million, 24610.6262 million. These values correspond to 15.50%, 13.67%, 11.66%, 7.38%, 5.45% of BELGIUM's imports and exports, and, respectively, were down 16.57%, down 18.83%, down 17.48%, down 6.27%, down 22.07% comparing to the same period of last year.

Current year until 202007, 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 202007, BELGIUM's exports to these five countries/territories were 40916.3237 million, 31703.5712 million, 26127.4522 million, 17308.8062 million, 15992.6254 million. These values correspond to 17.68%, 13.70%, 11.29%, 7.48%, 6.91% of BELGIUM's exports and, respectively, were down 17.65%, down 16.74%, down 17.91%, up 2.21%, down 19.97% comparing with the same period of last year.

Current year until 202007, 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 202007, BELGIUM's imports from these five countries/territories were 35570.1780 million, 29043.6984 million, 20920.0028 million, 16000.4857 million, 12723.5425 million. These values correspond to 16.17%, 13.20%, 9.51%, 7.27%, 5.78% of BELGIUM's total imports and, respectively, were down 19.50%, down 15.01%, down 18.58%, down 13.98%, down 0.95% comparing with the same period of last year.

During the current year until 202007, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, ITALY, LUXEMBOURG at 11872.6253 million, 10783.5684 million, 7374.6246 million, 2856.4859 million, 2449.7085 million, and down 23.47%, down 12.92%, down 12.07%, down 31.65%, down 32.04%. And the trade deficits were mainly from IRELAND, NETHERLANDS, CHINA, JAPAN, SWITZERLAND at 10870.2159 million, 9442.7258 million, 5798.3436 million, 3907.7149 million, 2614.9529 million, and down 3.07%, down 23.59%, down 8.33%, down 23.10%, up 45.16%.

Current year until 202007, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202007,  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 66531.7148 million, 49530.1357 million, 33802.5412 million, 32435.7178 million, 32125.7134 million, which were up 17.39%, down 25.75%, down 14.94%, down 39.38%, down 19.92% comparing with the same period of last year and account for 14.74%, 10.97%, 7.49%, 7.19%, 7.12% of BELGIUM's total imports and exports.

During the current year until 202007, 30, 87, 29, 84, 39 were BELGIUM's top five traded commodities, with total import and export values of 36248.1949 million, 24632.2113 million, 16678.7485 million, 16339.2938 million, 15579.5451 million. These values correspond to 15.67%, 10.65%, 7.21%, 7.06%, 6.73% of BELGIUM's total exports and, respectively, were up 20.18%, down 24.20%, down 17.81%, down 14.69%, down 16.10% comparing to the same period of last year.

During the current year until 202007, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 30283.5199 million, 24897.9244 million, 18598.2114 million, 17463.2474 million, 15446.9648 million. These values correspond to 13.77%, 11.32%, 8.46%, 7.94%, 7.02% of BELGIUM's total exports and, respectively, were up 14.21%, down 27.22%, down 40.43%, down 15.17%, down 22.08% comparing to the same period of last year.

2. Current year until 202007, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202007, BELGIUM-China binational exports and imports of goods amounted to 16801.3268 million and were up 10.44% comparing with the same period of last year. Among these, exports from BELGIUM to China were 5501.4916 million and up 23.79%, imports from China to BELGIUM were 11299.8352 million and up 4.92%. The total binational trade deficit was 5798.3436 million and down 8.33%.

During the urrent year until 202007, 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 2006.4928 million, 1701.1106 million, 1450.5626 million, 1195.0921 million, 1044.3522 million and makes up 11.94%, 10.12%, 8.63%, 7.11%, 6.22% of the total binational imports and exports. These values were also up 7.10%, up 8.60%, up 79.33%, up 94.95%, down 4.04% comparing to the same period last year.

During the current year until 202007, 30, 84, 74, 39, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 1334.7068 million, 490.2161 million, 464.7836 million, 413.9043 million, 333.9314 million. These values account for 24.26%, 8.91%, 8.45%, 7.52%, 6.07% of BELGIUM's total exports and were up 94.38%, up 3.59%, up 224.81%, up 2.13%, down 21.02% comparing to the same period of last year.

During the current year until 202007, 84, 85, 87, 63, 29 were BELGIUM's top five traded commodities importing from China , with import values of 1516.2767 million, 1513.3006 million, 1019.2830 million, 732.7534 million, 710.4208 million. These values account for 13.42%, 13.39%, 9.02%, 6.48%, 6.29% of BELGIUM's total imports and were up 8.29%, up 10.05%, up 128.84%, up 360.96%, up 6.75% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat