1.  Overview the trade of BELGIUM in goods current year until 202012

According to Dalian Infobank, in 202012, BELGIUM's exports and imports of goods amounted to 74900.7590 million, and were up 12.32% comparing with the same period of last year. Among these, exports were up 13.58% at 38453.2822 million, and imports were up 11.03% at 36447.4768 million. And the corresponding trade surplus was 2005.8054 million and up 94.84%.

During the current year until 202012, BELGIUM's total exports and imports of goods were 814955.0435 million and were down 6.83% comparing to the same period of last year. Among these, exports were 419791.7257 million and down 6.08%; imports were 395163.3178 million and down 7.61%. The total trade surplus was 24628.4079 million and up 28.03%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202012, BELGIUM's imports and exports to five countries/territories were 127462.8778 million, 113768.5229 million, 96392.0226 million, 57256.5721 million, 48247.0025 million. These values correspond to 15.64%, 13.96%, 11.83%, 7.03%, 5.92% of BELGIUM's imports and exports, and, respectively, were down 7.05%, down 11.23%, down 8.16%, down 4.52%, down 8.38% comparing to the same period of last year.

Current year until 202012, 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 202012, BELGIUM's exports to these five countries/territories were 73154.2809 million, 57439.8466 million, 48398.6470 million, 32202.3553 million, 29588.5078 million. These values correspond to 17.43%, 13.68%, 11.53%, 7.67%, 7.05% of BELGIUM's exports and, respectively, were down 8.63%, down 9.12%, down 10.75%, down 5.42%, up 7.22% comparing with the same period of last year.

Current year until 202012, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, FRANCE, UNITED STATES, CHINA are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202012, BELGIUM's imports from these five countries/territories were 65369.8759 million, 54308.5969 million, 38952.1759 million, 27668.0643 million, 20769.5188 million. These values correspond to 16.54%, 13.74%, 9.86%, 7.00%, 5.26% of BELGIUM's total imports and, respectively, were down 11.59%, down 4.84%, down 6.69%, down 14.53%, up 10.31% comparing with the same period of last year.

During the current year until 202012, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, LUXEMBOURG, ITALY at 18845.6840 million, 18487.6707 million, 16157.7080 million, 4679.7074 million, 4664.6108 million, and down 18.02%, down 13.86%, up 4.67%, down 21.17%, down 30.45%. And the trade deficits were mainly from IRELAND, NETHERLANDS, CHINA, JAPAN, SWITZERLAND at 17245.5006 million, 16971.2289 million, 11033.8577 million, 7304.3581 million, 3872.6222 million, and up 4.42%, down 13.90%, up 1.10%, down 13.70%, up 9.15%.

Current year until 202012, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 112747.2168 million, 99749.9785 million, 61093.0484 million, 57749.0752 million, 51590.4456 million, which were up 15.35%, down 12.34%, down 6.69%, down 33.83%, down 13.85% comparing with the same period of last year and account for 13.83%, 12.24%, 7.50%, 7.09%, 6.33% of BELGIUM's total imports and exports.

During the current year until 202012, 30, 87, 84, 39, 29 were BELGIUM's top five traded commodities, with total import and export values of 61347.4422 million, 50155.8092 million, 29556.8200 million, 27465.4999 million, 26592.9143 million. These values correspond to 14.61%, 11.95%, 7.04%, 6.54%, 6.33% of BELGIUM's total exports and, respectively, were up 16.97%, down 9.91%, down 6.31%, down 7.07%, down 11.95% comparing to the same period of last year.

During the current year until 202012, 30, 87, 27, 84, 29 were BELGIUM's top five traded commodities, with total import values of 51399.7746 million, 49594.1692 million, 33161.9894 million, 31536.2284 million, 24997.5313 million. These values correspond to 13.01%, 12.55%, 8.39%, 7.98%, 6.33% of BELGIUM's total exports and, respectively, were up 13.48%, down 14.67%, down 34.52%, down 7.04%, down 15.78% comparing to the same period of last year.

2. Current year until 202012, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202012, BELGIUM-China binational exports and imports of goods amounted to 30505.1799 million and were up 14.07% comparing with the same period of last year. Among these, exports from BELGIUM to China were 9735.6611 million and up 23.01%, imports from China to BELGIUM were 20769.5188 million and up 10.31%. The total binational trade deficit was 11033.8577 million and up 1.10%.

During the urrent year until 202012, commodities with hs2 code, 84, 85, 87, 30, 29, were binational trade's top five traded commodities. They correspond to import and export values of 3611.6100 million, 3528.4857 million, 2473.2291 million, 2456.7514 million, 1605.2708 million and makes up 11.84%, 11.57%, 8.11%, 8.05%, 5.26% of the total binational imports and exports. These values were also up 15.22%, up 21.03%, up 57.58%, up 58.59%, down 7.03% comparing to the same period last year.

During the current year until 202012, 30, 84, 39, 74, 90 were the top five traded commodities exported to China from BELGIUM, with export values of 2264.8188 million, 903.0721 million, 763.1207 million, 725.5059 million, 598.9253 million. These values account for 23.26%, 9.28%, 7.84%, 7.45%, 6.15% of BELGIUM's total exports and were up 76.56%, up 18.00%, up 9.84%, up 141.00%, up 21.49% comparing to the same period of last year.

During the current year until 202012, 85, 84, 87, 29, 64 were BELGIUM's top five traded commodities importing from China , with import values of 3167.6664 million, 2708.5379 million, 2159.0846 million, 1101.2329 million, 1083.3555 million. These values account for 15.25%, 13.04%, 10.40%, 5.30%, 5.22% of BELGIUM's total imports and were up 23.63%, up 14.32%, up 100.42%, down 3.46%, down 17.29% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat