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Monitor Report of BELGIUM trade and BELGIUM-China binational trade in 202109

 1.  Overview the trade of BELGIUM in goods current year until 202109

According to Dalian Infobank, in 202109BELGIUM's exports and imports of goods amounted to 88333.5812 million, and were up 18.14% comparing with the same period of last year. Among these, exports were up 17.02% at 45295.2228 million, and imports were up 19.34% at 43038.3584 million. And the corresponding trade surplus was 2256.8644 million and down 14.68%.

During the current year until 202109, BELGIUM's total exports and imports of goods were 757580.4756 million and were up 27.37% comparing to the same period of last year. Among these, exports were 392734.5214 million and up 28.40%; imports were 364845.9542 million and up 26.28%. The total trade surplus was 27888.5672 million and up 64.62%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, INTRA-EU, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202109, BELGIUM's imports and exports to five countries/territories were 111039.9230 million, 102908.5599 million, 80448.6246 million, 58026.1000 million, 48908.1751 million. These values correspond to 14.66%, 13.58%, 10.62%, 7.66%, 6.46% of BELGIUM's imports and exports, and, respectively, were up 19.45%, up 23.86%, up 14.40%, 0, up 14.46% comparing to the same period of last year.

Current year until 202109, BELGIUM and the top five trade partners GERMANY, FRANCE, NETHERLANDS, INTRA-EU, UNITED STATES are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202109, BELGIUM's exports to these five countries/territories were 65938.9236 million, 48755.1021 million, 41096.6428 million, 31190.5000 million, 24673.7870 million. These values correspond to 16.79%, 12.41%, 10.46%, 7.94%, 6.28% of BELGIUM's exports and, respectively, were up 21.14%, up 14.80%, up 16.80%, 0, up 12.19% comparing with the same period of last year.

Current year until 202109, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, FRANCE, INTRA-EU, UNITED STATES are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202109, BELGIUM's imports from these five countries/territories were 61811.9171 million, 45100.9994 million, 31693.5226 million, 26835.6000 million, 24234.3881 million. These values correspond to 16.94%, 12.36%, 8.69%, 7.36%, 6.64% of BELGIUM's total imports and, respectively, were up 29.04%, up 17.07%, up 13.79%, 0, up 16.87% comparing with the same period of last year.

During the current year until 202109, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, INTRA-EU, POLAND at 20837.9242 million, 17061.5795 million, 9218.3217 million, 4354.9000 million, 3885.0832 million, and up 30.98%, up 16.72%, down 15.02%, 0, up 47.09%. And the trade deficits were mainly from NETHERLANDS, CHINA, IRELAND, SWITZERLAND, NORWAY at 20715.2744 million, 13309.8296 million, 8446.1084 million, 2608.6425 million, 2526.5901 million, and up 62.92%, up 63.41%, down 39.99%, down 15.07%, up 510.19%.

Current year until 202109, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202109,  commodities with hs2 codes, 30, 87, 27, 99, 84, were BELGIUM's top five traded commodities. They correspond to the import and export values of 100607.9131 million, 69996.9669 million, 68805.8147 million, 60274.3311 million, 50665.9427 million, which were up 20.19%, up 1.99%, up 63.28%, up 2886.61%, up 14.16% comparing with the same period of last year and account for 13.28%, 9.24%, 9.08%, 7.96%, 6.69% of BELGIUM's total imports and exports.

During the current year until 202109, 30, 87, 99, 27, 39 were BELGIUM's top five traded commodities, with total import and export values of 63580.8632 million, 34910.1297 million, 32883.6620 million, 28528.9935 million, 25994.4145 million. These values correspond to 16.19%, 8.89%, 8.37%, 7.26%, 6.62% of BELGIUM's total exports and, respectively, were up 39.72%, up 2.59%, up 2121.93%, up 58.84%, up 28.86% comparing to the same period of last year.

During the current year until 202109, 27, 30, 87, 99, 84 were BELGIUM's top five traded commodities, with total import values of 40276.8213 million, 37027.0498 million, 35086.8372 million, 27390.6692 million, 26409.1654 million. These values correspond to 11.04%, 10.15%, 9.62%, 7.51%, 7.24% of BELGIUM's total exports and, respectively, were up 66.58%, down 3.08%, up 1.41%, up 4989.38%, up 15.13% comparing to the same period of last year.


2. Current year until 202109, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202109, BELGIUM-China binational exports and imports of goods amounted to 27741.6755 million and were up 25.40% comparing with the same period of last year. Among these, exports from BELGIUM to China were 7215.9230 million and up 3.26%, imports from China to BELGIUM were 20525.7525 million and up 35.63%. The total binational trade deficit was 13309.8296 million and up 63.41%.

During the urrent year until 202109, 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 4009.3484 million, 3894.1642 million, 2891.0317 million, 1615.0639 million, 1566.8719 million and makes up 14.45%, 14.04%, 10.42%, 5.82%, 5.65% of the total binational imports and exports. These values were also up 70.30%, up 47.42%, up 75.59%, down 8.37%, up 40.94% comparing to the same period last year.

During the current year until 202109, 30, 84, 39, 44, 90 were the top five traded commodities exported to China from BELGIUM, with export values of 1361.7178 million, 883.0143 million, 692.8080 million, 585.4185 million, 481.0812 million. These values account for 18.87%, 12.24%, 9.60%, 8.11%, 6.67% of BELGIUM's total exports and were down 15.27%, up 33.46%, up 31.18%, up 51.36%, up 17.30% comparing to the same period of last year.

During the current year until 202109, 85, 84, 87, 94, 29 were BELGIUM's top five traded commodities importing from China , with import values of 3703.5980 million, 3011.1499 million, 2672.9577 million, 1104.4401 million, 1038.3220 million. These values account for 18.04%, 14.67%, 13.02%, 5.38%, 5.06% of BELGIUM's total imports and were up 76.22%, up 52.08%, up 88.42%, up 64.40%, up 19.00% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Eurostat