1.  Overview the trade of BELGIUM in goods current year until 202112

According to Dalian Infobank, in 202112, BELGIUM's exports and imports of goods amounted to 94087.6168 million, and were up 23.53% comparing with the same period of last year. Among these, exports were up 18.55% at 45874.9939 million, and imports were up 28.68% at 48212.6229 million. And the corresponding trade deficit was 2337.6290 million and down 289.85%.

During the current year until 202112, BELGIUM's total exports and imports of goods were 1049034.7796 million and were up 27.97% comparing to the same period of last year. Among these, exports were 540813.9133 million and up 28.05%; imports were 508220.8663 million and up 27.88%. The total trade surplus was 32593.0471 million and up 30.90%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, INTRA-EU were BELGIUM's top five trading partners. During the current year until 202112, BELGIUM's imports and exports to five countries/territories were 156577.8625 million, 148731.3325 million, 113604.4649 million, 65274.3671 million, 62398.0800 million. These values correspond to 14.93%, 14.18%, 10.83%, 6.22%, 5.95% of BELGIUM's imports and exports, and, respectively, were up 21.84%, up 28.59%, up 16.92%, up 13.93%, 0 comparing to the same period of last year.

Current year until 202112, BELGIUM and the top five trade partners GERMANY, FRANCE, NETHERLANDS, UNITED STATES, INTRA-EU are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202112, BELGIUM's exports to these five countries/territories were 93252.1956 million, 69636.4300 million, 60476.1960 million, 32732.8878 million, 30972.9600 million. These values correspond to 17.24%, 12.88%, 11.18%, 6.05%, 5.73% of BELGIUM's exports and, respectively, were up 26.49%, up 19.58%, up 22.99%, up 10.69%, 0 comparing with the same period of last year.

Current year until 202112, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, FRANCE, UNITED STATES, INTRA-EU are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202112, BELGIUM's imports from these five countries/territories were 88255.1365 million, 63325.6668 million, 43968.0349 million, 32541.4793 million, 31425.1200 million. These values correspond to 17.37%, 12.46%, 8.65%, 6.40%, 6.18% of BELGIUM's total imports and, respectively, were up 32.73%, up 15.57%, up 12.94%, up 17.38%, 0 comparing with the same period of last year.

During the current year until 202112, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, UNITED KINGDOM, POLAND, LUXEMBOURG at 29926.5288 million, 25668.3952 million, 11709.3029 million, 5524.0964 million, 5306.7826 million, and up 58.11%, up 32.97%, down 28.43%, up 52.73%, up 13.44%. And the trade deficits were mainly from NETHERLANDS, CHINA, IRELAND, NORWAY, RUSSIA at 27778.9405 million, 19756.9859 million, 12594.3342 million, 5627.2762 million, 3949.0455 million, and up 60.37%, up 77.46%, down 24.98%, up 656.80%, up 78.81%.

Current year until 202112, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202112,  commodities with hs2 codes, 30, 27, 87, 84, 99, were BELGIUM's top five traded commodities. They correspond to the import and export values of 143420.2196 million, 109820.7990 million, 94987.4683 million, 68942.8707 million, 65592.2404 million, which were up 28.25%, up 87.48%, down 5.51%, up 12.08%, up 2222.72% comparing with the same period of last year and account for 13.67%, 10.47%, 9.05%, 6.57%, 6.25% of BELGIUM's total imports and exports.

During the current year until 202112, 30, 87, 27, 39, 99 were BELGIUM's top five traded commodities, with total import and export values of 91167.2126 million, 47450.0331 million, 46026.4426 million, 36174.9692 million, 33345.6042 million. These values correspond to 16.86%, 8.77%, 8.51%, 6.69%, 6.17% of BELGIUM's total exports and, respectively, were up 48.84%, down 4.62%, up 85.04%, up 31.49%, up 1493.94% comparing to the same period of last year.

During the current year until 202112, 27, 30, 87, 84, 29 were BELGIUM's top five traded commodities, with total import values of 63794.3564 million, 52253.0070 million, 47537.4351 million, 36031.8550 million, 32473.6094 million. These values correspond to 12.55%, 10.28%, 9.35%, 7.09%, 6.39% of BELGIUM's total exports and, respectively, were up 89.27%, up 3.32%, down 6.38%, up 13.66%, up 32.21% comparing to the same period of last year.

2. Current year until 202112, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202112, BELGIUM-China binational exports and imports of goods amounted to 38766.3306 million and were up 26.66% comparing with the same period of last year. Among these, exports from BELGIUM to China were 9504.6724 million and down 2.38%, imports from China to BELGIUM were 29261.6582 million and up 40.21%. The total binational trade deficit was 19756.9859 million and up 77.46%.

During the urrent year until 202112, commodities with hs2 code, 85, 84, 87, 39, 30, were binational trade's top five traded commodities. They correspond to import and export values of 5638.4432 million, 5266.7154 million, 4430.2820 million, 2155.2411 million, 2140.2562 million and makes up 14.54%, 13.59%, 11.43%, 5.56%, 5.52% of the total binational imports and exports. These values were also up 59.29%, up 44.69%, up 79.25%, up 39.86%, down 13.83% comparing to the same period last year.

During the current year until 202112, 30, 84, 39, 44, 90 were the top five traded commodities exported to China from BELGIUM, with export values of 1790.3580 million, 1175.7104 million, 923.3115 million, 740.9429 million, 652.2333 million. These values account for 18.84%, 12.37%, 9.71%, 7.80%, 6.86% of BELGIUM's total exports and were down 21.76%, up 30.30%, up 21.14%, up 28.07%, up 9.02% comparing to the same period of last year.

During the current year until 202112, 85, 87, 84, 94, 29 were BELGIUM's top five traded commodities importing from China , with import values of 5215.6960 million, 4143.5133 million, 4091.0050 million, 1506.5270 million, 1424.6396 million. These values account for 17.82%, 14.16%, 13.98%, 5.15%, 4.87% of BELGIUM's total imports and were up 64.01%, up 91.81%, up 49.43%, up 59.71%, up 27.90% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat