1.  Overview the trade of BELGIUM in goods current year until 202103

According to Dalian Infobank, in 202103, BELGIUM's exports and imports of goods amounted to 89171.8600 million, and were up 25.89% comparing with the same period of last year. Among these, exports were up 27.25% at 46348.8825 million, and imports were up 24.45% at 42822.9775 million. And the corresponding trade surplus was 3525.9049 million and up 75.22%.

During the current year until 202103, BELGIUM's total exports and imports of goods were 236268.1180 million and were up 9.65% comparing to the same period of last year. Among these, exports were 122156.4629 million and up 10.65%; imports were 114111.6551 million and up 8.60%. The total trade surplus was 8044.8077 million and up 51.36%.

If considering by country (region), NETHERLANDS, GERMANY, FRANCE, UNITED STATES, ITALY were BELGIUM's top five trading partners. During the current year until 202103, BELGIUM's imports and exports to five countries/territories were 36677.3812 million, 36001.7629 million, 29709.5973 million, 15191.2652 million, 11132.7483 million. These values correspond to 15.52%, 15.24%, 12.57%, 6.43%, 4.71% of BELGIUM's imports and exports, and, respectively, were up 23.70%, up 9.10%, up 18.57%, down 5.39%, up 8.46% comparing to the same period of last year.

Current year until 202103, 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 202103, BELGIUM's exports to these five countries/territories were 21161.2120 million, 18001.0521 million, 14284.3499 million, 7895.4286 million, 6933.5267 million. These values correspond to 17.32%, 14.74%, 11.69%, 6.46%, 5.68% of BELGIUM's exports and, respectively, were up 11.01%, up 20.18%, up 15.29%, down 4.93%, down 16.77% comparing with the same period of last year.

Current year until 202103, 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 202103, BELGIUM's imports from these five countries/territories were 22393.0312 million, 14840.5509 million, 11708.5451 million, 7295.8367 million, 6196.3138 million. These values correspond to 19.62%, 13.01%, 10.26%, 6.39%, 5.43% of BELGIUM's total imports and, respectively, were up 29.74%, up 6.50%, up 16.19%, down 5.87%, up 38.65% comparing with the same period of last year.

During the current year until 202103, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, LUXEMBOURG, POLAND at 6320.6611 million, 6292.5070 million, 3174.7669 million, 1432.1700 million, 1428.6509 million, and up 23.26%, up 28.38%, down 26.26%, up 12.80%, up 56.83%. And the trade deficits were mainly from NETHERLANDS, CHINA, IRELAND, JAPAN, SWITZERLAND at 8108.6813 million, 3817.1410 million, 3403.9845 million, 1456.4235 million, 807.8567 million, and up 66.52%, up 67.57%, down 30.55%, down 30.32%, down 35.90%.

Current year until 202103, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202103,  commodities with hs2 codes, 30, 87, 27, 84, 39, were BELGIUM's top five traded commodities. They correspond to the import and export values of 31643.6073 million, 27110.8091 million, 22867.7724 million, 18013.7928 million, 14132.5034 million, which were up 8.37%, up 1.37%, up 27.25%, up 14.33%, up 19.21% comparing with the same period of last year and account for 13.39%, 11.47%, 9.68%, 7.62%, 5.98% of BELGIUM's total imports and exports.

During the current year until 202103, 30, 87, 27, 39, 84 were BELGIUM's top five traded commodities, with total import and export values of 18943.2759 million, 13983.6241 million, 9310.1965 million, 8899.3201 million, 8596.9996 million. These values correspond to 15.51%, 11.45%, 7.62%, 7.29%, 7.04% of BELGIUM's total exports and, respectively, were up 18.18%, up 7.75%, up 23.82%, up 20.45%, up 12.67% comparing to the same period of last year.

During the current year until 202103, 27, 87, 30, 84, 85 were BELGIUM's top five traded commodities, with total import values of 13557.5759 million, 13127.1849 million, 12700.3315 million, 9416.7931 million, 6858.1103 million. These values correspond to 11.88%, 11.50%, 11.13%, 8.25%, 6.01% of BELGIUM's total exports and, respectively, were up 29.71%, down 4.64%, down 3.58%, up 15.89%, up 23.11% comparing to the same period of last year.

2. Current year until 202103, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202103, BELGIUM-China binational exports and imports of goods amounted to 8575.4866 million and were up 28.76% comparing with the same period of last year. Among these, exports from BELGIUM to China were 2379.1728 million and up 8.59%, imports from China to BELGIUM were 6196.3138 million and up 38.65%. The total binational trade deficit was 3817.1410 million and up 67.57%.

During the urrent year until 202103, commodities with hs2 code, 85, 84, 87, 30, 39, were binational trade's top five traded commodities. They correspond to import and export values of 1348.3017 million, 1245.5796 million, 545.3654 million, 512.6653 million, 495.8361 million and makes up 15.72%, 14.52%, 6.36%, 5.98%, 5.78% of the total binational imports and exports. These values were also up 93.28%, up 49.03%, up 30.99%, down 11.63%, up 44.56% comparing to the same period last year.

During the current year until 202103, 30, 84, 39, 44, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 432.7616 million, 280.5720 million, 238.3805 million, 151.6571 million, 140.9168 million. These values account for 18.19%, 11.79%, 10.02%, 6.37%, 5.92% of BELGIUM's total exports and were down 19.65%, up 39.37%, up 44.45%, up 40.42%, up 11.36% comparing to the same period of last year.

During the current year until 202103, 85, 84, 87, 94, 29 were BELGIUM's top five traded commodities importing from China , with import values of 1247.3480 million, 965.0075 million, 460.9689 million, 379.2468 million, 292.8153 million. These values account for 20.13%, 15.57%, 7.44%, 6.12%, 4.73% of BELGIUM's total imports and were up 102.46%, up 52.09%, up 32.89%, up 73.79%, down 2.16% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat