1.  Overview the trade of BELGIUM in goods current year until 202211

According to Dalian Infobank, in 202211, BELGIUM's exports and imports of goods amounted to 97034.4132 million, and were down 2.51% comparing with the same period of last year. Among these, exports were up 2.72% at 50257.6872 million, and imports were down 7.57% at 46776.7260 million. And the corresponding trade surplus was 3480.9611 million and down 307.22%.

During the current year until 202211, BELGIUM's total exports and imports of goods were 1154088.6056 million and were up 18.41% comparing to the same period of last year. Among these, exports were 578324.8776 million and up 16.05%; imports were 575763.7280 million and up 20.87%. The total trade surplus was 2561.1497 million and down 88.35%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, INTRA-EU were BELGIUM's top five trading partners. During the current year until 202211, BELGIUM's imports and exports to five countries/territories were 178388.6420 million, 168527.3929 million, 115507.9757 million, 68786.3056 million, 63858.2600 million. These values correspond to 15.46%, 14.60%, 10.01%, 5.96%, 5.53% of BELGIUM's imports and exports, and, respectively, were up 9.63%, up 13.65%, up 0.80%, up 14.84%, 0 comparing to the same period of last year.

Current year until 202211, BELGIUM and the top five trade partners GERMANY, NETHERLANDS, FRANCE, UNITED STATES, INTRA-EU are the top five countries/territories that BELGIUM exports to in terms of the total export amount. During the current year until 202211, BELGIUM's exports to these five countries/territories were 112876.2948 million, 73429.9338 million, 68833.4977 million, 34723.1064 million, 34275.3600 million. These values correspond to 19.52%, 12.70%, 11.90%, 6.00%, 5.93% of BELGIUM's exports and, respectively, were up 20.24%, up 20.00%, down 2.92%, up 15.40%, 0 comparing with the same period of last year.

Current year until 202211, BELGIUM's exports to top five countries/territories NETHERLANDS, GERMANY, FRANCE, 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 202211, BELGIUM's imports from these five countries/territories were 95097.4591 million, 65512.3472 million, 46674.4780 million, 34063.1992 million, 33646.3899 million. These values correspond to 16.52%, 11.38%, 8.11%, 5.92%, 5.84% of BELGIUM's total imports and, respectively, were up 9.19%, down 4.83%, up 6.82%, up 14.29%, up 28.54% comparing with the same period of last year.

During the current year until 202211, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, NIGERIA, LUXEMBOURG, POLAND at 47363.9476 million, 22159.0196 million, 7049.0648 million, 5960.2031 million, 5428.0468 million, and up 89.11%, down 18.56%, up 197.23%, up 10.29%, down 3.42%. And the trade deficits were mainly from CHINA, IRELAND, NETHERLANDS, NORWAY, RUSSIA at 26261.3477 million, 23268.1702 million, 21667.5252 million, 13281.2997 million, 8980.9537 million, and up 49.98%, up 13.95%, down 16.34%, up 190.49%, up 152.25%.

Current year until 202211, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202211,  commodities with hs2 codes, 27, 30, 87, 29, 99, were BELGIUM's top five traded commodities. They correspond to the import and export values of 216954.7782 million, 162753.5428 million, 86718.6690 million, 70328.8618 million, 64233.9119 million, which were up 108.40%, up 8.20%, down 7.51%, up 10.24%, up 1973.12% comparing with the same period of last year and account for 18.80%, 14.10%, 7.51%, 6.09%, 5.57% of BELGIUM's total imports and exports.

During the current year until 202211, 27, 30, 87, 39, 99 were BELGIUM's top five traded commodities, with total import and export values of 97452.7739 million, 91613.0435 million, 41766.4448 million, 34666.6770 million, 34622.5585 million. These values correspond to 16.85%, 15.84%, 7.22%, 5.99%, 5.99% of BELGIUM's total exports and, respectively, were up 119.74%, up 4.68%, down 11.10%, down 2.06%, up 1383.87% comparing to the same period of last year.

During the current year until 202211, 27, 30, 87, 29, 84 were BELGIUM's top five traded commodities, with total import values of 119502.0043 million, 71140.4993 million, 44952.2242 million, 42358.5685 million, 31380.8625 million. These values correspond to 20.76%, 12.36%, 7.81%, 7.36%, 5.45% of BELGIUM's total exports and, respectively, were up 99.98%, up 13.11%, down 3.91%, up 13.04%, down 8.96% comparing to the same period of last year.

2. Current year until 202211, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202211, BELGIUM-China binational exports and imports of goods amounted to 41031.4322 million and were up 17.76% comparing with the same period of last year. Among these, exports from BELGIUM to China were 7385.0422 million and down 14.79%, imports from China to BELGIUM were 33646.3899 million and up 28.54%. The total binational trade deficit was 26261.3477 million and up 49.98%.

During the urrent year until 202211, 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 6298.2552 million, 5858.0563 million, 4979.3267 million, 2428.7500 million, 2127.9248 million and makes up 15.35%, 14.28%, 12.14%, 5.92%, 5.19% of the total binational imports and exports. These values were also up 23.88%, up 57.45%, up 3.46%, up 38.06%, up 8.44% comparing to the same period last year.

During the current year until 202211, 30, 84, 39, 90, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 1370.9424 million, 808.6181 million, 792.1685 million, 597.1771 million, 491.5711 million. These values account for 18.56%, 10.95%, 10.73%, 8.09%, 6.66% of BELGIUM's total exports and were down 17.01%, down 22.72%, down 6.04%, up 0.36%, up 16.91% comparing to the same period of last year.

During the current year until 202211, 85, 87, 84, 29, 39 were BELGIUM's top five traded commodities importing from China , with import values of 5898.1738 million, 5713.3397 million, 4170.7086 million, 1937.1790 million, 1335.7563 million. These values account for 17.53%, 16.98%, 12.40%, 5.76%, 3.97% of BELGIUM's total imports and were up 25.09%, up 65.69%, up 10.73%, up 44.70%, up 19.35% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat