1.  Overview the trade of BELGIUM in goods current year until 202204

According to Dalian Infobank, in 202204, BELGIUM's exports and imports of goods amounted to 97788.3592 million, and were up 15.21% comparing with the same period of last year. Among these, exports were up 8.74% at 48154.2533 million, and imports were up 22.28% at 49634.1059 million. And the corresponding trade deficit was 1479.8527 million and down 140.07%.

During the current year until 202204, BELGIUM's total exports and imports of goods were 415108.8786 million and were up 28.18% comparing to the same period of last year. Among these, exports were 208385.6668 million and up 24.72%; imports were 206723.2118 million and up 31.87%. The total trade surplus was 1662.4550 million and down 83.89%.

If considering by country (region), INTRA-EU, GERMANY, NETHERLANDS, FRANCE, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202204, BELGIUM's imports and exports to five countries/territories were 65887.7100 million, 51950.7545 million, 48488.4238 million, 36531.7833 million, 24924.5201 million. These values correspond to 15.87%, 12.51%, 11.68%, 8.80%, 6.00% of BELGIUM's imports and exports, and, respectively, were 0, down 1.36%, down 1.41%, down 9.64%, up 22.04% comparing to the same period of last year.

Current year until 202204, 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 202204, BELGIUM's exports to these five countries/territories were 34945.3700 million, 31365.1496 million, 22029.4856 million, 20383.0598 million, 12249.9259 million. These values correspond to 16.77%, 15.05%, 10.57%, 9.78%, 5.88% of BELGIUM's exports and, respectively, were 0, up 1.79%, down 8.20%, up 5.19%, up 15.58% comparing with the same period of last year.

Current year until 202204, BELGIUM's exports to top five countries/territories INTRA-EU, NETHERLANDS, GERMANY, FRANCE, UNITED STATES are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202204, BELGIUM's imports from these five countries/territories were 30942.3400 million, 28105.3640 million, 20585.6050 million, 14502.2977 million, 12674.5942 million. These values correspond to 14.97%, 13.60%, 9.96%, 7.02%, 6.13% of BELGIUM's total imports and, respectively, were 0, down 5.70%, down 5.80%, down 11.74%, up 29.01% comparing with the same period of last year.

During the current year until 202204, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, INTRA-EU, NIGERIA, ITALY at 10779.5446 million, 7527.1880 million, 4003.0300 million, 2458.8278 million, 1934.4976 million, and up 20.29%, down 0.51%, 0, up 500.36%, up 15.45%. And the trade deficits were mainly from CHINA, NETHERLANDS, IRELAND, NORWAY, RUSSIA at 9270.4258 million, 7722.3042 million, 7014.5149 million, 5313.7108 million, 4207.7369 million, and up 82.49%, down 25.94%, up 63.25%, up 648.98%, up 401.21%.

Current year until 202204, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202204,  commodities with hs2 codes, 99, 27, 30, 87, 29, were BELGIUM's top five traded commodities. They correspond to the import and export values of 66025.6908 million, 59592.6928 million, 55964.5578 million, 28815.1278 million, 22764.0648 million, which were up 6501.90%, up 98.76%, up 29.85%, down 18.36%, up 26.37% comparing with the same period of last year and account for 15.91%, 14.36%, 13.48%, 6.94%, 5.48% of BELGIUM's total imports and exports.

During the current year until 202204, 99, 30, 27, 87, 39 were BELGIUM's top five traded commodities, with total import and export values of 35073.9823 million, 32426.0069 million, 24806.4914 million, 13941.2093 million, 11841.0208 million. These values correspond to 16.83%, 15.56%, 11.90%, 6.69%, 5.68% of BELGIUM's total exports and, respectively, were up 4599.64%, up 22.96%, up 100.59%, down 21.48%, down 3.84% comparing to the same period of last year.

During the current year until 202204, 27, 99, 30, 87, 29 were BELGIUM's top five traded commodities, with total import values of 34786.2014 million, 30951.7085 million, 23538.5509 million, 14873.9185 million, 14109.6656 million. These values correspond to 16.83%, 14.97%, 11.39%, 7.20%, 6.83% of BELGIUM's total exports and, respectively, were up 97.48%, up 12095.83%, up 40.70%, down 15.20%, up 52.13% comparing to the same period of last year.

2. Current year until 202204, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202204, BELGIUM-China binational exports and imports of goods amounted to 14677.2746 million and were up 26.62% comparing with the same period of last year. Among these, exports from BELGIUM to China were 2703.4244 million and down 16.96%, imports from China to BELGIUM were 11973.8502 million and up 43.65%. The total binational trade deficit was 9270.4258 million and up 82.49%.

During the urrent year until 202204, 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 2211.2920 million, 1977.3667 million, 1946.5701 million, 843.3958 million, 761.0587 million and makes up 15.07%, 13.47%, 13.26%, 5.75%, 5.19% of the total binational imports and exports. These values were also up 198.85%, up 10.71%, up 11.53%, up 32.31%, up 16.03% comparing to the same period last year.

During the current year until 202204, 30, 84, 39, 90, 44 were the top five traded commodities exported to China from BELGIUM, with export values of 403.8888 million, 323.5256 million, 304.5181 million, 209.4926 million, 170.2163 million. These values account for 14.94%, 11.97%, 11.26%, 7.75%, 6.30% of BELGIUM's total exports and were down 30.57%, down 15.77%, down 3.80%, up 11.95%, down 22.52% comparing to the same period of last year.

During the current year until 202204, 87, 85, 84, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 2162.8177 million, 1845.1740 million, 1623.0445 million, 692.1227 million, 567.6885 million. These values account for 18.06%, 15.41%, 13.55%, 5.78%, 4.74% of BELGIUM's total imports and were up 238.15%, up 11.65%, up 19.23%, up 67.37%, up 16.11% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat