1.  Overview the trade of BELGIUM in goods current year until 202208

According to Dalian Infobank, in 202208, BELGIUM's exports and imports of goods amounted to 97049.5099 million, and were up 16.91% comparing with the same period of last year. Among these, exports were up 13.34% at 48807.8714 million, and imports were up 20.75% at 48241.6386 million. And the corresponding trade surplus was 566.2328 million and down 81.79%.

During the current year until 202208, BELGIUM's total exports and imports of goods were 836944.8186 million and were up 24.78% comparing to the same period of last year. Among these, exports were 417499.9373 million and up 20.05%; imports were 419444.8813 million and up 29.87%. The total trade deficit was 1944.9440 million and down 107.84%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, INTRA-EU, UNITED STATES were BELGIUM's top five trading partners. During the current year until 202208, BELGIUM's imports and exports to five countries/territories were 124690.8209 million, 117802.8548 million, 81807.7587 million, 64110.2400 million, 50138.9910 million. These values correspond to 14.90%, 14.08%, 9.77%, 7.66%, 5.99% of BELGIUM's imports and exports, and, respectively, were up 12.04%, up 14.07%, up 1.30%, 0, up 18.98% comparing to the same period of last year.

Current year until 202208, 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 202208, BELGIUM's exports to these five countries/territories were 76814.6781 million, 50951.1604 million, 48970.7551 million, 35650.5600 million, 24870.6737 million. These values correspond to 18.40%, 12.20%, 11.73%, 8.54%, 5.96% of BELGIUM's exports and, respectively, were up 16.41%, up 23.78%, up 0.14%, 0, up 16.38% comparing with the same period of last year.

Current year until 202208, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, FRANCE, INTRA-EU, UNITED STATES are the top five countries/territories that BELGIUM imports from in terms of the total export amount. During the current year until 202208, BELGIUM's imports from these five countries/territories were 66851.6944 million, 47876.1428 million, 32837.0036 million, 28459.6800 million, 25268.3172 million. These values correspond to 15.94%, 11.41%, 7.83%, 6.79%, 6.02% of BELGIUM's total imports and, respectively, were up 7.64%, up 5.68%, up 3.09%, 0, up 21.66% comparing with the same period of last year.

During the current year until 202208, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, INTRA-EU, NIGERIA, LUXEMBOURG at 28938.5353 million, 16133.7515 million, 7190.8800 million, 5161.9455 million, 4286.4898 million, and up 39.91%, down 5.37%, 0, up 330.68%, up 15.31%. And the trade deficits were mainly from CHINA, IRELAND, NETHERLANDS, NORWAY, RUSSIA at 18067.4666 million, 16439.9858 million, 15900.5341 million, 9917.0432 million, 7908.2923 million, and up 61.88%, up 94.18%, down 24.09%, up 410.33%, up 247.59%.

Current year until 202208, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202208,  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 147662.7420 million, 113575.6954 million, 64371.0238 million, 59757.4188 million, 52731.1117 million, which were up 124.06%, up 22.17%, up 2947.45%, down 11.92%, up 30.02% comparing with the same period of last year and account for 17.64%, 13.57%, 7.69%, 7.14%, 6.30% of BELGIUM's total imports and exports.

During the current year until 202208, 27, 30, 99, 87, 39 were BELGIUM's top five traded commodities, with total import and export values of 65094.7316 million, 62758.6399 million, 35894.5044 million, 28564.5682 million, 25817.9366 million. These values correspond to 15.59%, 15.03%, 8.60%, 6.84%, 6.18% of BELGIUM's total exports and, respectively, were up 138.40%, up 7.36%, up 2169.80%, down 16.72%, up 2.08% comparing to the same period of last year.

During the current year until 202208, 27, 30, 29, 87, 99 were BELGIUM's top five traded commodities, with total import values of 82568.0104 million, 50817.0554 million, 32487.6976 million, 31192.8506 million, 28476.5194 million. These values correspond to 19.69%, 12.12%, 7.75%, 7.44%, 6.79% of BELGIUM's total exports and, respectively, were up 113.91%, up 47.26%, up 50.91%, down 7.02%, up 5263.86% comparing to the same period of last year.

2. Current year until 202208, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202208, BELGIUM-China binational exports and imports of goods amounted to 29034.7739 million and were up 20.57% comparing with the same period of last year. Among these, exports from BELGIUM to China were 5483.6536 million and down 15.11%, imports from China to BELGIUM were 23551.1203 million and up 33.65%. The total binational trade deficit was 18067.4666 million and up 61.88%.

During the urrent year until 202208, 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 4143.8000 million, 3768.8047 million, 3608.0942 million, 1830.9079 million, 1616.3883 million and makes up 14.27%, 12.98%, 12.43%, 6.31%, 5.57% of the total binational imports and exports. These values were also up 16.16%, up 71.58%, up 4.28%, up 47.85%, up 18.10% comparing to the same period last year.

During the current year until 202208, 30, 84, 39, 90, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 1037.8941 million, 610.1248 million, 608.8662 million, 431.9656 million, 377.9719 million. These values account for 18.93%, 11.13%, 11.10%, 7.88%, 6.89% of BELGIUM's total exports and were down 17.35%, down 24.00%, up 0.59%, up 1.10%, up 11.04% comparing to the same period of last year.

During the current year until 202208, 85, 87, 84, 29, 94 were BELGIUM's top five traded commodities importing from China , with import values of 3838.1387 million, 3660.8033 million, 2997.9693 million, 1452.9359 million, 1017.1662 million. These values account for 16.30%, 15.54%, 12.73%, 6.17%, 4.32% of BELGIUM's total imports and were up 16.32%, up 82.55%, up 12.82%, up 61.81%, up 5.11% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat