1.  Overview the trade of BELGIUM in goods current year until 202206

According to Dalian Infobank, in 202206, BELGIUM's exports and imports of goods amounted to 103912.4584 million, and were up 10.44% comparing with the same period of last year. Among these, exports were up 6.42% at 52137.5675 million, and imports were up 14.81% at 51774.8908 million. And the corresponding trade surplus was 362.6767 million and down 90.69%.

During the current year until 202206, BELGIUM's total exports and imports of goods were 630511.1770 million and were up 25.14% comparing to the same period of last year. Among these, exports were 317395.4041 million and up 22.01%; imports were 313115.7729 million and up 28.48%. The total trade surplus was 4279.6312 million and down 73.96%.

If considering by country (region), GERMANY, NETHERLANDS, INTRA-EU, FRANCE, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202206, BELGIUM's imports and exports to five countries/territories were 87226.1569 million, 82145.4470 million, 71848.8000 million, 58626.3102 million, 37882.2436 million. These values correspond to 13.83%, 13.03%, 11.40%, 9.30%, 6.01% of BELGIUM's imports and exports, and, respectively, were up 4.45%, up 7.32%, 0, down 4.73%, up 19.36% comparing to the same period of last year.

Current year until 202206, BELGIUM and the top five trade partners GERMANY, INTRA-EU, 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 202206, BELGIUM's exports to these five countries/territories were 53785.1852 million, 38460.2400 million, 35523.7352 million, 35403.4305 million, 18652.4031 million. These values correspond to 16.95%, 12.12%, 11.19%, 11.15%, 5.88% of BELGIUM's exports and, respectively, were up 9.24%, 0, down 3.51%, up 16.36%, up 16.29% comparing with the same period of last year.

Current year until 202206, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, INTRA-EU, 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 202206, BELGIUM's imports from these five countries/territories were 46742.0164 million, 33440.9717 million, 33388.5600 million, 23102.5750 million, 19229.8406 million. These values correspond to 14.93%, 10.68%, 10.66%, 7.38%, 6.14% of BELGIUM's total imports and, respectively, were up 1.37%, down 2.43%, 0, down 6.56%, up 22.50% comparing with the same period of last year.

During the current year until 202206, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, INTRA-EU, NIGERIA, LUXEMBOURG at 20344.2135 million, 12421.1603 million, 5071.6800 million, 3986.3255 million, 3127.8608 million, and up 35.98%, up 2.74%, 0, up 468.00%, up 9.79%. And the trade deficits were mainly from CHINA, NETHERLANDS, IRELAND, NORWAY, RUSSIA at 13016.1750 million, 11338.5859 million, 10789.2790 million, 7347.1232 million, 6613.2432 million, and up 58.51%, down 27.71%, up 58.06%, up 629.20%, up 262.66%.

Current year until 202206, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202206,  commodities with hs2 codes, 27, 30, 99, 87, 29, were BELGIUM's top five traded commodities. They correspond to the import and export values of 100262.6806 million, 83898.5861 million, 72044.2939 million, 44133.3142 million, 37616.0970 million, which were up 113.62%, up 23.19%, up 4510.62%, down 18.24%, up 24.81% comparing with the same period of last year and account for 15.90%, 13.31%, 11.43%, 7.00%, 5.97% of BELGIUM's total imports and exports.

During the current year until 202206, 30, 27, 99, 87, 39 were BELGIUM's top five traded commodities, with total import and export values of 48563.8253 million, 43493.3173 million, 38642.7544 million, 21172.6690 million, 19021.3907 million. These values correspond to 15.30%, 13.70%, 12.17%, 6.67%, 5.99% of BELGIUM's total exports and, respectively, were up 15.56%, up 124.28%, up 3190.08%, down 22.17%, down 0.37% comparing to the same period of last year.

During the current year until 202206, 27, 30, 99, 87, 29 were BELGIUM's top five traded commodities, with total import values of 56769.3634 million, 35334.7608 million, 33401.5395 million, 22960.6451 million, 22504.8568 million. These values correspond to 18.13%, 11.28%, 10.67%, 7.33%, 7.19% of BELGIUM's total exports and, respectively, were up 106.10%, up 35.50%, up 8507.59%, down 14.24%, up 42.07% comparing to the same period of last year.

2. Current year until 202206, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202206, BELGIUM-China binational exports and imports of goods amounted to 21519.7871 million and were up 19.48% comparing with the same period of last year. Among these, exports from BELGIUM to China were 4251.8060 million and down 13.22%, imports from China to BELGIUM were 17267.9811 million and up 31.71%. The total binational trade deficit was 13016.1750 million and up 58.51%.

During the urrent year until 202206, commodities with hs2 code, 85, 87, 84, 29, 39, were binational trade's top five traded commodities. They correspond to import and export values of 2959.4111 million, 2925.2041 million, 2733.9018 million, 1353.2230 million, 1188.0237 million and makes up 13.75%, 13.59%, 12.70%, 6.29%, 5.52% of the total binational imports and exports. These values were also up 5.40%, up 99.26%, up 2.98%, up 38.66%, up 17.97% comparing to the same period last year.

During the current year until 202206, 30, 84, 39, 90, 44 were the top five traded commodities exported to China from BELGIUM, with export values of 805.0280 million, 475.0796 million, 463.2202 million, 336.9731 million, 258.8087 million. These values account for 18.93%, 11.17%, 10.89%, 7.93%, 6.09% of BELGIUM's total exports and were down 13.79%, down 19.06%, up 0.17%, up 15.60%, down 32.56% comparing to the same period of last year.

During the current year until 202206, 87, 85, 84, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 2843.1891 million, 2728.5745 million, 2258.8222 million, 1110.5029 million, 803.8505 million. These values account for 16.47%, 15.80%, 13.08%, 6.43%, 4.66% of BELGIUM's total imports and were up 115.46%, up 4.88%, up 9.23%, up 62.91%, up 9.65% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat