1.  Overview the trade of BELGIUM in goods current year until 202203

According to Dalian Infobank, in 202203, BELGIUM's exports and imports of goods amounted to 105886.9974 million, and were up 16.99% comparing with the same period of last year. Among these, exports were up 14.70% at 53701.2443 million, and imports were up 19.44% at 52185.7531 million. And the corresponding trade surplus was 1515.4912 million and down 51.54%.

During the current year until 202203, BELGIUM's total exports and imports of goods were 305288.9168 million and were up 27.75% comparing to the same period of last year. Among these, exports were 154225.5208 million and up 25.59%; imports were 151063.3959 million and up 30.03%. The total trade surplus was 3162.1249 million and down 52.30%.

If considering by country (region), INTRA-EU, GERMANY, NETHERLANDS, FRANCE, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202203, BELGIUM's imports and exports to five countries/territories were 70191.0300 million, 32353.1428 million, 29841.4283 million, 22374.0973 million, 19107.5951 million. These values correspond to 22.99%, 10.60%, 9.77%, 7.33%, 6.26% of BELGIUM's imports and exports, and, respectively, were 0, down 15.08%, down 18.54%, down 26.34%, up 25.22% comparing to the same period of last year.

Current year until 202203, 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 202203, BELGIUM's exports to these five countries/territories were 37574.7900 million, 19081.2572 million, 13563.5168 million, 12444.7068 million, 9408.3292 million. These values correspond to 24.36%, 12.37%, 8.79%, 8.07%, 6.10% of BELGIUM's exports and, respectively, were 0, down 14.53%, down 24.36%, down 12.65%, up 19.21% comparing with the same period of last year.

Current year until 202203, 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 202203, BELGIUM's imports from these five countries/territories were 32616.2400 million, 17396.7215 million, 13271.8855 million, 9699.2659 million, 9362.9294 million. These values correspond to 21.59%, 11.52%, 8.79%, 6.42%, 6.20% of BELGIUM's total imports and, respectively, were 0, down 22.29%, down 15.84%, up 31.65%, up 49.63% comparing with the same period of last year.

During the current year until 202203, the trade surplus of BELGIUM was mainly from GERMANY, INTRA-EU, FRANCE, NIGERIA, ITALY at 5809.3717 million, 4958.5500 million, 4752.9363 million, 1972.1990 million, 1307.1585 million, and down 11.39%, 0, down 13.38%, up 521.29%, up 13.24%. And the trade deficits were mainly from CHINA, NETHERLANDS, IRELAND, NORWAY, RUSSIA at 7296.4691 million, 4952.0147 million, 4763.8118 million, 3665.1816 million, 2891.6561 million, and up 89.56%, down 39.17%, up 45.95%, up 520.43%, up 426.40%.

Current year until 202203, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202203,  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 70292.6436 million, 39629.3225 million, 37089.0940 million, 19043.3803 million, 16344.3473 million, which were up 9195.80%, up 27.79%, up 66.01%, down 28.69%, up 27.64% comparing with the same period of last year and account for 23.02%, 12.98%, 12.15%, 6.24%, 5.35% of BELGIUM's total imports and exports.

During the current year until 202203, 99, 30, 27, 87, 39 were BELGIUM's top five traded commodities, with total import and export values of 37670.7879 million, 24222.5932 million, 15216.8528 million, 8845.2357 million, 7737.3589 million. These values correspond to 24.43%, 15.71%, 9.87%, 5.74%, 5.02% of BELGIUM's total exports and, respectively, were up 6622.85%, up 30.24%, up 67.64%, down 34.88%, down 13.45% comparing to the same period of last year.

During the current year until 202203, 99, 27, 30, 29, 87 were BELGIUM's top five traded commodities, with total import values of 32621.8557 million, 21872.2412 million, 15406.7292 million, 10337.8359 million, 10198.1446 million. These values correspond to 21.59%, 14.48%, 10.20%, 6.84%, 6.75% of BELGIUM's total exports and, respectively, were up 16557.68%, up 64.89%, up 24.11%, up 55.80%, down 22.29% comparing to the same period of last year.

2. Current year until 202203, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202203, BELGIUM-China binational exports and imports of goods amounted to 11429.3898 million and were up 31.89% comparing with the same period of last year. Among these, exports from BELGIUM to China were 2066.4604 million and down 14.20%, imports from China to BELGIUM were 9362.9294 million and up 49.63%. The total binational trade deficit was 7296.4691 million and up 89.56%.

During the urrent year until 202203, commodities with hs2 code, 87, 85, 84, 29, 39, were binational trade's top five traded commodities. They correspond to import and export values of 1763.6737 million, 1546.0032 million, 1504.4763 million, 666.9102 million, 584.2726 million and makes up 15.43%, 13.53%, 13.16%, 5.84%, 5.11% of the total binational imports and exports. These values were also up 223.37%, up 13.87%, up 16.82%, up 53.91%, up 17.78% comparing to the same period last year.

During the current year until 202203, 30, 84, 39, 90, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 288.2417 million, 254.1573 million, 238.5702 million, 163.0102 million, 125.0713 million. These values account for 13.95%, 12.30%, 11.54%, 7.89%, 6.05% of BELGIUM's total exports and were down 32.88%, down 9.38%, up 0.28%, up 22.79%, down 11.24% comparing to the same period of last year.

During the current year until 202203, 87, 85, 84, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 1729.9673 million, 1441.4500 million, 1250.3190 million, 541.8390 million, 464.4317 million. These values account for 18.48%, 15.40%, 13.35%, 5.79%, 4.96% of BELGIUM's total imports and were up 275.25%, up 14.67%, up 24.12%, up 85.31%, up 22.42% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat