1.  Overview the trade of BELGIUM in goods current year until 202202

According to Dalian Infobank, in 202202, BELGIUM's exports and imports of goods amounted to 103778.6304 million, and were up 38.89% comparing with the same period of last year. Among these, exports were up 38.09% at 52245.4388 million, and imports were up 39.71% at 51533.1916 million. And the corresponding trade surplus was 712.2473 million and down 24.95%.

During the current year until 202202, BELGIUM's total exports and imports of goods were 207367.6519 million and were up 39.67% comparing to the same period of last year. Among these, exports were 104043.4142 million and up 36.92%; imports were 103324.2377 million and up 42.55%. The total trade surplus was 719.1766 million and down 79.46%.

If considering by country (region), INTRA-EU, GERMANY, NETHERLANDS, FRANCE, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202202, BELGIUM's imports and exports to five countries/territories were 70547.2400 million, 17153.4744 million, 15681.9061 million, 11942.1964 million, 11616.5316 million. These values correspond to 34.02%, 8.27%, 7.56%, 5.76%, 5.60% of BELGIUM's imports and exports, and, respectively, were 0, down 26.79%, down 31.44%, down 37.33%, up 22.82% comparing to the same period of last year.

Current year until 202202, BELGIUM and the top five trade partners INTRA-EU, GERMANY, FRANCE, NETHERLANDS, UNITED STATES are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202202, BELGIUM's exports to these five countries/territories were 36748.0800 million, 9948.5034 million, 7386.6024 million, 6529.6101 million, 5593.4381 million. These values correspond to 35.32%, 9.56%, 7.10%, 6.28%, 5.38% of BELGIUM's exports and, respectively, were 0, down 25.57%, down 33.97%, down 25.48%, up 10.33% comparing with the same period of last year.

Current year until 202202, BELGIUM's exports to top five countries/territories INTRA-EU, NETHERLANDS, GERMANY, 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 202202, BELGIUM's imports from these five countries/territories were 33799.1600 million, 9152.2959 million, 7204.9710 million, 6023.0935 million, 5854.7946 million. These values correspond to 32.71%, 8.86%, 6.97%, 5.83%, 5.67% of BELGIUM's total imports and, respectively, were 0, down 35.13%, down 28.42%, up 37.25%, up 48.23% comparing with the same period of last year.

During the current year until 202202, the trade surplus of BELGIUM was mainly from INTRA-EU, FRANCE, GERMANY, NIGERIA, ITALY at 2948.9200 million, 2831.0085 million, 2743.5325 million, 1244.6130 million, 947.8557 million, and 0, down 14.68%, down 16.89%, up 509.97%, up 5.14%. And the trade deficits were mainly from CHINA, IRELAND, NORWAY, NETHERLANDS, RUSSIA at 4563.0476 million, 3543.5839 million, 2691.8182 million, 2622.6858 million, 1492.8909 million, and up 86.08%, up 46.30%, up 565.86%, down 50.95%, up 624.43%.

Current year until 202202, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202202,  commodities with hs2 codes, 99, 30, 27, 87, 29, were BELGIUM's top five traded commodities. They correspond to the import and export values of 70610.7190 million, 24448.5101 million, 21036.1379 million, 10387.4642 million, 10383.4476 million, which were up 14739.52%, up 24.82%, up 51.57%, down 33.26%, up 26.08% comparing with the same period of last year and account for 34.05%, 11.79%, 10.14%, 5.01%, 5.01% of BELGIUM's total imports and exports.

During the current year until 202202, 99, 30, 27, 87, 39 were BELGIUM's top five traded commodities, with total import and export values of 36808.4024 million, 14909.0148 million, 8786.0838 million, 4780.0605 million, 4282.8244 million. These values correspond to 35.38%, 14.33%, 8.44%, 4.59%, 4.12% of BELGIUM's total exports and, respectively, were up 10196.89%, up 30.00%, up 57.35%, down 39.00%, down 23.09% comparing to the same period of last year.

During the current year until 202202, 99, 27, 30, 29, 87 were BELGIUM's top five traded commodities, with total import values of 33802.3167 million, 12250.0541 million, 9539.4953 million, 6747.6739 million, 5607.4037 million. These values correspond to 32.71%, 11.86%, 9.23%, 6.53%, 5.43% of BELGIUM's total exports and, respectively, were up 28459.43%, up 47.68%, up 17.50%, up 53.71%, down 27.44% comparing to the same period of last year.

2. Current year until 202202, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202202, BELGIUM-China binational exports and imports of goods amounted to 7146.5417 million and were up 31.20% comparing with the same period of last year. Among these, exports from BELGIUM to China were 1291.7470 million and down 13.74%, imports from China to BELGIUM were 5854.7946 million and up 48.23%. The total binational trade deficit was 4563.0476 million and up 86.08%.

During the urrent year until 202202, 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 1023.8443 million, 983.5796 million, 903.5530 million, 454.3197 million, 389.4953 million and makes up 14.33%, 13.76%, 12.64%, 6.36%, 5.45% of the total binational imports and exports. These values were also up 17.81%, up 26.00%, up 173.47%, up 49.80%, up 24.91% comparing to the same period last year.

During the current year until 202202, 84, 39, 30, 90, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 163.3539 million, 160.6779 million, 137.3796 million, 105.9446 million, 95.8548 million. These values account for 12.65%, 12.44%, 10.64%, 8.20%, 7.42% of BELGIUM's total exports and were down 2.17%, up 8.63%, down 48.01%, up 63.09%, down 15.29% comparing to the same period of last year.

During the current year until 202202, 85, 87, 84, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 963.3110 million, 883.9882 million, 820.2257 million, 358.4648 million, 317.5361 million. These values account for 16.45%, 15.10%, 14.01%, 6.12%, 5.42% of BELGIUM's total imports and were up 18.73%, up 223.12%, up 33.67%, up 88.53%, up 29.23% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat