1.  Overview the trade of BELGIUM in goods current year until 202010

According to Dalian Infobank, in 202010, BELGIUM's exports and imports of goods amounted to 74254.4899 million, and were down 3.16% comparing with the same period of last year. Among these, exports were up 0.63% at 39754.9212 million, and imports were down 7.19% at 34499.5687 million. And the corresponding trade surplus was 5255.3525 million and up 125.24%.

During the current year until 202010, BELGIUM's total exports and imports of goods were 666770.5635 million and were down 9.59% comparing to the same period of last year. Among these, exports were 343583.6980 million and down 8.83%; imports were 323186.8655 million and down 10.38%. The total trade surplus was 20396.8324 million and up 25.51%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202010, BELGIUM's imports and exports to five countries/territories were 104395.0348 million, 92057.7213 million, 79280.9186 million, 47342.9811 million, 38123.7643 million. These values correspond to 15.66%, 13.81%, 11.89%, 7.10%, 5.72% of BELGIUM's imports and exports, and, respectively, were down 10.24%, down 13.84%, down 10.51%, down 7.24%, down 15.87% comparing to the same period of last year.

Current year until 202010, BELGIUM and the top five trade partners GERMANY, FRANCE, NETHERLANDS, UNITED KINGDOM, UNITED STATES are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202010, BELGIUM's exports to these five countries/territories were 60486.8410 million, 47704.1613 million, 39246.7864 million, 25182.4986 million, 24553.6328 million. These values correspond to 17.60%, 13.88%, 11.42%, 7.33%, 7.15% of BELGIUM's exports and, respectively, were down 11.32%, down 10.63%, down 13.18%, down 13.84%, up 3.24% comparing with the same period of last year.

Current year until 202010, 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 202010, BELGIUM's imports from these five countries/territories were 52810.9348 million, 43908.1938 million, 31576.7573 million, 22789.3483 million, 17200.3473 million. These values correspond to 16.34%, 13.59%, 9.77%, 7.05%, 5.32% of BELGIUM's total imports and, respectively, were down 14.33%, down 8.71%, down 10.32%, down 16.38%, up 1.35% comparing with the same period of last year.

During the current year until 202010, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, ITALY, LUXEMBOURG at 16578.6472 million, 16127.4039 million, 12241.2329 million, 4064.1371 million, 3855.8625 million, and down 17.55%, down 11.23%, down 6.86%, down 28.41%, down 22.47%. And the trade deficits were mainly from IRELAND, NETHERLANDS, CHINA, JAPAN, SWITZERLAND at 14571.8348 million, 13564.1484 million, 9093.8815 million, 5715.8275 million, 3389.1919 million, and down 0.85%, down 17.52%, up 0.45%, down 18.72%, up 15.59%.

Current year until 202010, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202010,  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 93604.3292 million, 78655.6406 million, 49751.2714 million, 46389.3067 million, 44418.9519 million, which were up 12.98%, down 17.04%, down 9.95%, down 37.00%, down 13.26% comparing with the same period of last year and account for 14.04%, 11.80%, 7.46%, 6.96%, 6.66% of BELGIUM's total imports and exports.

During the current year until 202010, 30, 87, 84, 29, 39 were BELGIUM's top five traded commodities, with total import and export values of 51277.3788 million, 39116.6895 million, 23980.7134 million, 23103.0576 million, 22717.1404 million. These values correspond to 14.92%, 11.38%, 6.98%, 6.72%, 6.61% of BELGIUM's total exports and, respectively, were up 16.21%, down 15.51%, down 10.03%, down 10.97%, down 10.93% comparing to the same period of last year.

During the current year until 202010, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 42326.9504 million, 39538.9511 million, 26441.2135 million, 25770.5580 million, 21315.8943 million. These values correspond to 13.10%, 12.23%, 8.18%, 7.97%, 6.60% of BELGIUM's total exports and, respectively, were up 9.29%, down 18.50%, down 37.76%, down 9.88%, down 15.61% comparing to the same period of last year.

2. Current year until 202010, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202010, BELGIUM-China binational exports and imports of goods amounted to 25078.4666 million and were up 11.64% comparing with the same period of last year. Among these, exports from BELGIUM to China were 7992.2926 million and up 19.19%, imports from China to BELGIUM were 17086.1740 million and up 8.42%. The total binational trade deficit was 9093.8815 million and up 0.45%.

During the urrent year until 202010, 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 2969.3199 million, 2734.1396 million, 2085.7616 million, 1888.6010 million, 1377.3541 million and makes up 11.84%, 10.90%, 8.32%, 7.53%, 5.49% of the total binational imports and exports. These values were also up 13.05%, up 15.10%, up 65.95%, up 48.29%, down 4.89% comparing to the same period last year.

During the current year until 202010, 30, 84, 74, 39, 90 were the top five traded commodities exported to China from BELGIUM, with export values of 1914.4090 million, 729.2831 million, 633.6195 million, 600.4609 million, 461.6835 million. These values account for 23.95%, 9.12%, 7.93%, 7.51%, 5.78% of BELGIUM's total exports and were up 79.35%, up 11.38%, up 129.57%, up 3.37%, up 13.14% comparing to the same period of last year.

During the current year until 202010, 85, 84, 87, 29, 64 were BELGIUM's top five traded commodities importing from China , with import values of 2447.3341 million, 2240.0368 million, 1613.0691 million, 956.5527 million, 952.6853 million. These values account for 14.32%, 13.11%, 9.44%, 5.60%, 5.58% of BELGIUM's total imports and were up 17.40%, up 13.60%, up 94.88%, up 2.08%, down 14.37% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat