1.  Overview the trade of BELGIUM in goods current year until 202104

According to Dalian Infobank, in 202104, BELGIUM's exports and imports of goods amounted to 84232.9326 million, and were up 58.57% comparing with the same period of last year. Among these, exports were up 65.02% at 44230.1193 million, and imports were up 52.00% at 40002.8133 million. And the corresponding trade surplus was 4227.3060 million and up 769.07%.

During the current year until 202104, BELGIUM's total exports and imports of goods were 321212.9762 million and were up 19.59% comparing to the same period of last year. Among these, exports were 166701.6518 million and up 21.50%; imports were 154511.3244 million and up 17.59%. The total trade surplus was 12190.3274 million and up 110.12%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, ITALY were BELGIUM's top five trading partners. During the current year until 202104, BELGIUM's imports and exports to five countries/territories were 51190.1056 million, 48956.9165 million, 39820.1287 million, 20328.0801 million, 15094.0280 million. These values correspond to 15.94%, 15.24%, 12.40%, 6.33%, 4.70% of BELGIUM's imports and exports, and, respectively, were up 24.00%, up 32.27%, up 29.02%, down 0.88%, up 18.60% comparing to the same period of last year.

Current year until 202104, 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 202104, BELGIUM's exports to these five countries/territories were 30127.8324 million, 24004.0964 million, 19367.4368 million, 10601.4042 million, 9258.6261 million. These values correspond to 18.07%, 14.40%, 11.62%, 6.36%, 5.55% of BELGIUM's exports and, respectively, were up 25.18%, up 30.15%, up 24.70%, up 1.39%, down 5.74% comparing with the same period of last year.

Current year until 202104, 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 202104, BELGIUM's imports from these five countries/territories were 29589.4797 million, 21062.2732 million, 15816.0323 million, 9726.6759 million, 8267.0900 million. These values correspond to 19.15%, 13.63%, 10.24%, 6.30%, 5.35% of BELGIUM's total imports and, respectively, were up 37.74%, up 22.35%, up 27.35%, down 3.23%, up 41.88% comparing with the same period of last year.

During the current year until 202104, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, LUXEMBOURG, POLAND at 9065.5592 million, 8188.0640 million, 4228.6340 million, 1883.5394 million, 1869.1719 million, and up 32.28%, up 35.92%, down 12.69%, up 27.26%, up 61.45%. And the trade deficits were mainly from NETHERLANDS, CHINA, IRELAND, JAPAN, SWITZERLAND at 10222.0429 million, 5040.6458 million, 4391.2015 million, 1585.3651 million, 1024.0198 million, and up 71.77%, up 79.87%, down 29.20%, down 39.56%, down 35.11%.

Current year until 202104, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202104,  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 43596.9833 million, 35575.5531 million, 30391.1052 million, 24386.9899 million, 19447.5487 million, which were up 12.91%, up 19.53%, up 41.13%, up 23.68%, up 27.41% comparing with the same period of last year and account for 13.57%, 11.08%, 9.46%, 7.59%, 6.05% of BELGIUM's total imports and exports.

During the current year until 202104, 30, 87, 27, 39, 84 were BELGIUM's top five traded commodities, with total import and export values of 26671.4977 million, 18078.4649 million, 12598.6725 million, 12267.3117 million, 11634.0644 million. These values correspond to 16.00%, 10.84%, 7.56%, 7.36%, 6.98% of BELGIUM's total exports and, respectively, were up 25.93%, up 25.95%, up 39.50%, up 30.44%, up 22.57% comparing to the same period of last year.

During the current year until 202104, 27, 87, 30, 84, 29 were BELGIUM's top five traded commodities, with total import values of 17792.4327 million, 17497.0881 million, 16925.4855 million, 12752.9255 million, 9787.1921 million. These values correspond to 11.52%, 11.32%, 10.95%, 8.25%, 6.33% of BELGIUM's total exports and, respectively, were up 42.30%, up 13.55%, down 2.91%, up 24.71%, up 5.14% comparing to the same period of last year.

2. Current year until 202104, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202104, BELGIUM-China binational exports and imports of goods amounted to 11493.5343 million and were up 29.86% comparing with the same period of last year. Among these, exports from BELGIUM to China were 3226.4442 million and up 6.69%, imports from China to BELGIUM were 8267.0900 million and up 41.88%. The total binational trade deficit was 5040.6458 million and up 79.87%.

During the urrent year until 202104, 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 1779.0660 million, 1692.5301 million, 739.9042 million, 703.9408 million, 655.3961 million and makes up 15.48%, 14.73%, 6.44%, 6.12%, 5.70% of the total binational imports and exports. These values were also up 97.11%, up 51.29%, up 48.49%, down 14.87%, up 45.65% comparing to the same period last year.

During the current year until 202104, 30, 84, 39, 29, 44 were the top five traded commodities exported to China from BELGIUM, with export values of 584.9798 million, 384.1965 million, 316.9751 million, 223.9146 million, 219.6598 million. These values account for 18.13%, 11.91%, 9.82%, 6.94%, 6.81% of BELGIUM's total exports and were down 22.46%, up 35.11%, up 40.93%, up 24.90%, up 48.76% comparing to the same period of last year.

During the current year until 202104, 85, 84, 87, 94, 29 were BELGIUM's top five traded commodities importing from China , with import values of 1645.4166 million, 1308.3336 million, 639.5488 million, 489.0395 million, 413.4711 million. These values account for 19.90%, 15.83%, 7.74%, 5.92%, 5.00% of BELGIUM's total imports and were up 107.07%, up 56.80%, up 52.78%, up 81.52%, up 0.84% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat