1.  Overview the trade of BELGIUM in goods current year until 202011

According to Dalian Infobank, in 202011, BELGIUM's exports and imports of goods amounted to 73283.7209 million, and were up 3.95% comparing with the same period of last year. Among these, exports were up 4.21% at 37754.7455 million, and imports were up 3.66% at 35528.9755 million. And the corresponding trade surplus was 2225.7700 million and up 13.87%.

During the current year until 202011, BELGIUM's total exports and imports of goods were 740054.2844 million and were down 8.41% comparing to the same period of last year. Among these, exports were 381338.4435 million and down 7.69%; imports were 358715.8410 million and down 9.16%. The total trade surplus was 22622.6025 million and up 24.26%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202011, BELGIUM's imports and exports to five countries/territories were 116096.4505 million, 102373.8278 million, 87705.1822 million, 52576.2445 million, 43217.1991 million. These values correspond to 15.69%, 13.83%, 11.85%, 7.10%, 5.84% of BELGIUM's imports and exports, and, respectively, were down 8.96%, down 12.79%, down 9.41%, down 5.08%, down 12.02% comparing to the same period of last year.

Current year until 202011, 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 202011, BELGIUM's exports to these five countries/territories were 66925.8108 million, 52524.2511 million, 43653.0820 million, 28698.6957 million, 27411.3984 million. These values correspond to 17.55%, 13.77%, 11.45%, 7.53%, 7.19% of BELGIUM's exports and, respectively, were down 10.61%, down 9.95%, down 12.04%, down 9.60%, up 6.65% comparing with the same period of last year.

Current year until 202011, 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 202011, BELGIUM's imports from these five countries/territories were 58720.7459 million, 49170.6398 million, 35180.9310 million, 25164.8461 million, 18978.0547 million. These values correspond to 16.37%, 13.71%, 9.81%, 7.02%, 5.29% of BELGIUM's total imports and, respectively, were down 13.35%, down 6.62%, down 8.60%, down 15.23%, up 5.02% comparing with the same period of last year.

During the current year until 202011, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, ITALY, LUXEMBOURG at 17755.1710 million, 17343.3201 million, 14180.1924 million, 4390.1100 million, 4258.8867 million, and down 20.06%, down 12.56%, down 1.29%, down 31.62%, down 21.77%. And the trade deficits were mainly from IRELAND, NETHERLANDS, CHINA, JAPAN, SWITZERLAND at 16038.1591 million, 15067.6639 million, 10020.0808 million, 6514.4482 million, 3567.5674 million, and up 3.12%, down 16.93%, down 0.21%, down 16.97%, up 6.45%.

Current year until 202011, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202011,  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 103840.4577 million, 88878.8063 million, 55287.8842 million, 51449.3523 million, 47907.6557 million, which were up 14.45%, down 15.06%, down 8.44%, down 35.86%, down 14.08% comparing with the same period of last year and account for 14.03%, 12.01%, 7.47%, 6.95%, 6.47% of BELGIUM's total imports and exports.

During the current year until 202011, 30, 87, 84, 39, 29 were BELGIUM's top five traded commodities, with total import and export values of 56624.3385 million, 44339.3609 million, 26650.1300 million, 25214.5761 million, 24914.6846 million. These values correspond to 14.85%, 11.63%, 6.99%, 6.61%, 6.53% of BELGIUM's total exports and, respectively, were up 16.77%, down 13.07%, down 8.43%, down 8.96%, down 12.23% comparing to the same period of last year.

During the current year until 202011, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 47216.1192 million, 44539.4455 million, 29523.3397 million, 28637.7542 million, 22992.9711 million. These values correspond to 13.16%, 12.42%, 8.23%, 7.98%, 6.41% of BELGIUM's total exports and, respectively, were up 11.78%, down 16.95%, down 36.44%, down 8.44%, down 16.00% comparing to the same period of last year.

2. Current year until 202011, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202011, BELGIUM-China binational exports and imports of goods amounted to 27686.0554 million and were up 12.80% comparing with the same period of last year. Among these, exports from BELGIUM to China were 8832.9873 million and up 21.81%, imports from China to BELGIUM were 18853.0681 million and up 9.02%. The total binational trade deficit was 10020.0808 million and down 0.21%.

During the urrent year until 202011, 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 3290.6244 million, 3117.3624 million, 2280.0110 million, 2128.7416 million, 1472.6547 million and makes up 11.89%, 11.26%, 8.24%, 7.69%, 5.32% of the total binational imports and exports. These values were also up 15.72%, up 16.32%, up 66.63%, up 48.85%, down 5.50% comparing to the same period last year.

During the current year until 202011, 30, 84, 39, 74, 44 were the top five traded commodities exported to China from BELGIUM, with export values of 2098.8982 million, 814.7202 million, 676.7123 million, 670.0560 million, 526.3159 million. These values account for 23.76%, 9.22%, 7.66%, 7.59%, 5.96% of BELGIUM's total exports and were up 81.14%, up 16.71%, up 6.78%, up 137.00%, up 73.11% comparing to the same period of last year.

During the current year until 202011, 85, 84, 87, 64, 29 were BELGIUM's top five traded commodities importing from China , with import values of 2792.7075 million, 2475.9042 million, 1833.3815 million, 1025.7864 million, 1022.4019 million. These values account for 14.81%, 13.13%, 9.72%, 5.44%, 5.42% of BELGIUM's total imports and were up 18.48%, up 15.40%, up 91.02%, down 16.56%, down 0.60% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat