1.  Overview the trade of BELGIUM in goods current year until 202207

According to Dalian Infobank, in 202207, BELGIUM's exports and imports of goods amounted to 99941.8237 million, and were up 19.15% comparing with the same period of last year. Among these, exports were up 6.02% at 47252.0623 million, and imports were up 34.05% at 52689.7614 million. And the corresponding trade deficit was 5437.6991 million and down 203.34%.

During the current year until 202207, BELGIUM's total exports and imports of goods were 738315.3688 million and were up 25.63% comparing to the same period of last year. Among these, exports were 366667.4539 million and up 20.34%; imports were 371647.9149 million and up 31.32%. The total trade deficit was 4980.4610 million and down 122.96%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, INTRA-EU, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202207, BELGIUM's imports and exports to five countries/territories were 106232.9306 million, 101337.0989 million, 71131.9600 million, 70133.3100 million, 43399.4201 million. These values correspond to 14.39%, 13.73%, 9.63%, 9.50%, 5.88% of BELGIUM's imports and exports, and, respectively, were up 9.14%, up 12.51%, down 0.43%, 0, up 18.63% comparing to the same period of last year.

Current year until 202207, BELGIUM and the top five trade partners GERMANY, NETHERLANDS, FRANCE, INTRA-EU, UNITED STATES are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202207, BELGIUM's exports to these five countries/territories were 65149.4023 million, 43457.7917 million, 42701.1394 million, 35219.3400 million, 21145.0687 million. These values correspond to 17.77%, 11.85%, 11.65%, 9.61%, 5.77% of BELGIUM's exports and, respectively, were up 13.10%, up 20.69%, down 0.81%, 0, up 13.79% comparing with the same period of last year.

Current year until 202207, 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 202207, BELGIUM's imports from these five countries/territories were 57879.3072 million, 41083.5283 million, 34913.9700 million, 28430.8206 million, 22254.3514 million. These values correspond to 15.57%, 11.05%, 9.39%, 7.65%, 5.99% of BELGIUM's total imports and, respectively, were up 7.07%, up 3.40%, 0, up 0.13%, up 23.62% comparing with the same period of last year.

During the current year until 202207, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, NIGERIA, LUXEMBOURG, POLAND at 24065.8739 million, 14270.3187 million, 4741.2906 million, 3756.6021 million, 3376.2629 million, and up 34.67%, down 2.63%, up 432.99%, up 13.52%, down 1.05%. And the trade deficits were mainly from CHINA, NETHERLANDS, IRELAND, NORWAY, RUSSIA at 15314.9742 million, 14421.5155 million, 14107.6560 million, 8421.8773 million, 7518.8776 million, and up 65.17%, down 20.11%, up 87.04%, up 493.54%, up 268.55%.

Current year until 202207, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202207,  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 123096.5354 million, 97826.1935 million, 70362.1895 million, 52469.8121 million, 45072.3174 million, which were up 118.75%, up 21.88%, up 3771.17%, down 14.89%, up 28.24% comparing with the same period of last year and account for 16.67%, 13.25%, 9.53%, 7.11%, 6.10% of BELGIUM's total imports and exports.

During the current year until 202207, 30, 27, 99, 87, 39 were BELGIUM's top five traded commodities, with total import and export values of 55016.0320 million, 53792.9879 million, 35432.5131 million, 25427.3621 million, 22614.8804 million. These values correspond to 15.00%, 14.67%, 9.66%, 6.93%, 6.17% of BELGIUM's total exports and, respectively, were up 9.83%, up 132.27%, up 2487.45%, down 18.22%, up 1.53% comparing to the same period of last year.

During the current year until 202207, 27, 30, 99, 29, 87 were BELGIUM's top five traded commodities, with total import values of 69303.5475 million, 42810.1615 million, 34929.6764 million, 27452.7368 million, 27042.4499 million. These values correspond to 18.65%, 11.52%, 9.40%, 7.39%, 7.28% of BELGIUM's total exports and, respectively, were up 109.29%, up 41.89%, up 7693.40%, up 47.28%, down 11.49% comparing to the same period of last year.

2. Current year until 202207, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202207, BELGIUM-China binational exports and imports of goods amounted to 25106.4597 million and were up 21.57% comparing with the same period of last year. Among these, exports from BELGIUM to China were 4895.7428 million and down 13.95%, imports from China to BELGIUM were 20210.7170 million and up 35.08%. The total binational trade deficit was 15314.9742 million and up 65.17%.

During the urrent year until 202207, 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 3507.7507 million, 3145.8517 million, 3140.7603 million, 1605.9595 million, 1403.5845 million and makes up 13.97%, 12.53%, 12.51%, 6.40%, 5.59% of the total binational imports and exports. These values were also up 11.09%, up 90.18%, up 3.69%, up 46.92%, up 19.54% comparing to the same period last year.

During the current year until 202207, 30, 84, 39, 90, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 923.9069 million, 540.3643 million, 533.7602 million, 378.7992 million, 321.7077 million. These values account for 18.87%, 11.04%, 10.90%, 7.74%, 6.57% of BELGIUM's total exports and were down 12.97%, down 21.48%, up 0.78%, up 3.65%, up 0.70% comparing to the same period of last year.

During the current year until 202207, 85, 87, 84, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 3243.3762 million, 3045.8508 million, 2600.3960 million, 1284.2518 million, 909.5145 million. These values account for 16.05%, 15.07%, 12.87%, 6.35%, 4.50% of BELGIUM's total imports and were up 11.10%, up 105.38%, up 11.09%, up 66.01%, up 9.22% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat