1.  Overview the trade of BELGIUM in goods current year until 202201

According to Dalian Infobank, in 202201, BELGIUM's exports and imports of goods amounted to 90852.8380 million, and were up 23.19% comparing with the same period of last year. Among these, exports were up 18.72% at 45295.9191 million, and imports were up 27.97% at 45556.9189 million. And the corresponding trade deficit was 260.9998 million and down 110.23%.

During the current year until 202201, BELGIUM's total exports and imports of goods were 90852.8380 million and were up 23.19% comparing to the same period of last year. Among these, exports were 45295.9191 million and up 18.72%; imports were 45556.9189 million and up 27.97%. The total trade deficit was 260.9998 million and down 110.23%.

If considering by country (region), INTRA-EU, UNITED STATES, CHINA, JAPAN, NORWAY were BELGIUM's top five trading partners. During the current year until 202201, BELGIUM's imports and exports to five countries/territories were 58606.5200 million, 5069.8312 million, 3712.8616 million, 2002.6703 million, 1976.8568 million. These values correspond to 64.51%, 5.58%, 4.09%, 2.20%, 2.18% of BELGIUM's imports and exports, and, respectively, were 0, up 10.23%, up 27.28%, up 53.98%, up 243.03% comparing to the same period of last year.

Current year until 202201, BELGIUM and the top five trade partners INTRA-EU, UNITED STATES, JAPAN, TURKEY, CHINA are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202201, BELGIUM's exports to these five countries/territories were 31226.6400 million, 2609.7943 million, 967.4738 million, 722.2228 million, 688.4567 million. These values correspond to 68.94%, 5.76%, 2.14%, 1.59%, 1.52% of BELGIUM's exports and, respectively, were 0, up 2.02%, up 180.92%, up 19.65%, down 17.28% comparing with the same period of last year.

Current year until 202201, BELGIUM's exports to top five countries/territories INTRA-EU, CHINA, UNITED STATES, NORWAY, RUSSIA are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202201, BELGIUM's imports from these five countries/territories were 27379.8800 million, 3024.4049 million, 2460.0369 million, 1747.8892 million, 1220.6576 million. These values correspond to 60.10%, 6.64%, 5.40%, 3.84%, 2.68% of BELGIUM's total imports and, respectively, were 0, up 45.07%, up 20.53%, up 359.74%, up 102.86% comparing with the same period of last year.

During the current year until 202201, the trade surplus of BELGIUM was mainly from INTRA-EU, NIGERIA, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, UNITED ARAB EMIRATES, SENEGAL at 3846.7600 million, 510.5785 million, 276.7041 million, 249.1967 million, 215.8315 million, and 0, up 628.69%, up 14.85%, up 26.74%, up 418.17%. And the trade deficits were mainly from CHINA, NORWAY, RUSSIA, COUNTRIES AND TERRITORIES NOT SPECIFIED WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, TAIWAN at 2335.9483 million, 1518.9215 million, 712.0697 million, 680.1179 million, 372.5255 million, and up 86.50%, up 725.07%, up 341.50%, up 240.51%, up 1240.74%.

Current year until 202201, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202201,  commodities with hs2 codes, 99, 30, 27, 71, 87, were BELGIUM's top five traded commodities. They correspond to the import and export values of 58637.2188 million, 5972.7779 million, 5132.2715 million, 2750.7467 million, 2210.3105 million, which were up 23301.92%, down 38.62%, down 28.44%, down 9.08%, down 70.79% comparing with the same period of last year and account for 64.54%, 6.57%, 5.65%, 3.03%, 2.43% of BELGIUM's total imports and exports.

During the current year until 202201, 99, 30, 27, 71, 84 were BELGIUM's top five traded commodities, with total import and export values of 31257.3388 million, 4584.9457 million, 1732.9547 million, 1209.7662 million, 863.7166 million. These values correspond to 69.01%, 10.12%, 3.83%, 2.67%, 1.91% of BELGIUM's total exports and, respectively, were up 17123.84%, down 19.56%, down 41.58%, down 28.73%, down 66.32% comparing to the same period of last year.

During the current year until 202201, 99, 27, 71, 87, 72 were BELGIUM's top five traded commodities, with total import values of 27379.8800 million, 3399.3168 million, 1540.9804 million, 1460.6577 million, 1434.4334 million. These values correspond to 60.10%, 7.46%, 3.38%, 3.21%, 3.15% of BELGIUM's total exports and, respectively, were up 39530.08%, down 19.17%, up 16.03%, down 60.31%, up 23.28% comparing to the same period of last year.

2. Current year until 202201, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202201, BELGIUM-China binational exports and imports of goods amounted to 3712.8616 million and were up 27.28% comparing with the same period of last year. Among these, exports from BELGIUM to China were 688.4567 million and down 17.28%, imports from China to BELGIUM were 3024.4049 million and up 45.07%. The total binational trade deficit was 2335.9483 million and up 86.50%.

During the urrent year until 202201, commodities with hs2 code, 85, 84, 87, 29, 39, were binational trade's top five traded commodities. They correspond to import and export values of 555.3305 million, 533.9480 million, 287.8945 million, 237.8251 million, 205.7830 million and makes up 14.96%, 14.38%, 7.75%, 6.41%, 5.54% of the total binational imports and exports. These values were also up 21.55%, up 31.94%, up 55.25%, up 51.45%, up 24.95% comparing to the same period last year.

During the current year until 202201, 30, 39, 84, 74, 90 were the top five traded commodities exported to China from BELGIUM, with export values of 100.9272 million, 78.0205 million, 77.8231 million, 71.7605 million, 66.6187 million. These values account for 14.66%, 11.33%, 11.30%, 10.42%, 9.68% of BELGIUM's total exports and were down 41.55%, up 2.06%, down 11.75%, up 1.07%, up 81.97% comparing to the same period of last year.

During the current year until 202201, 85, 84, 87, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 523.8289 million, 456.1249 million, 278.6431 million, 196.1330 million, 178.3867 million. These values account for 17.32%, 15.08%, 9.21%, 6.49%, 5.90% of BELGIUM's total imports and were up 22.46%, up 44.12%, up 75.93%, up 105.93%, up 39.49% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat