1.  Overview the trade of BELGIUM in goods current year until 202212

According to Dalian Infobank, in 202212, BELGIUM's exports and imports of goods amounted to 87834.9244 million, and were down 13.32% comparing with the same period of last year. Among these, exports were down 0.65% at 50217.7358 million, and imports were down 25.93% at 37617.1886 million. And the corresponding trade surplus was 12600.5473 million and down 5360.08%.

During the current year until 202212, BELGIUM's total exports and imports of goods were 1250609.0352 million and were up 16.23% comparing to the same period of last year. Among these, exports were 632471.5175 million and up 15.23%; imports were 618137.5177 million and up 17.27%. The total trade surplus was 14333.9998 million and down 34.07%.

If considering by country (region), GERMANY, NETHERLANDS, FRANCE, UNITED STATES, UNITED KINGDOM were BELGIUM's top five trading partners. During the current year until 202212, BELGIUM's imports and exports to five countries/territories were 194301.3932 million, 184450.1566 million, 127588.3366 million, 74264.9353 million, 64060.4393 million. These values correspond to 15.54%, 14.75%, 10.20%, 5.94%, 5.12% of BELGIUM's imports and exports, and, respectively, were up 9.29%, up 11.94%, up 0.08%, up 13.32%, up 30.08% comparing to the same period of last year.

Current year until 202212, 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 202212, BELGIUM's exports to these five countries/territories were 123515.1474 million, 80275.2792 million, 75884.3880 million, 37199.9430 million, 36532.0500 million. These values correspond to 19.53%, 12.69%, 12.00%, 5.88%, 5.78% of BELGIUM's exports and, respectively, were up 20.39%, up 19.30%, down 3.82%, up 13.95%, 0 comparing with the same period of last year.

Current year until 202212, 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 202212, BELGIUM's imports from these five countries/territories were 104174.8774 million, 70786.2458 million, 51703.9486 million, 37064.9924 million, 37026.6194 million. These values correspond to 16.85%, 11.45%, 8.36%, 6.00%, 5.99% of BELGIUM's total imports and, respectively, were up 6.86%, down 5.86%, up 6.42%, up 12.69%, up 26.56% comparing with the same period of last year.

During the current year until 202212, the trade surplus of BELGIUM was mainly from GERMANY, FRANCE, INTRA-EU, NIGERIA, LUXEMBOURG at 52728.9016 million, 24180.4394 million, 15883.5000 million, 7401.2131 million, 6603.2566 million, and up 92.39%, down 20.23%, 0, up 161.51%, up 10.87%. And the trade deficits were mainly from CHINA, IRELAND, NETHERLANDS, NORWAY, RUSSIA at 28820.5288 million, 24614.3893 million, 23899.5983 million, 14131.5543 million, 9804.1277 million, and up 45.55%, up 8.87%, down 20.86%, up 151.04%, up 142.01%.

Current year until 202212, BELGIUM's trade surplus or deficit with top five countries/territories During the current year until 202212,  commodities with hs2 codes, 27, 30, 87, 29, 84, were BELGIUM's top five traded commodities. They correspond to the import and export values of 235220.5488 million, 179901.8768 million, 97834.7641 million, 74975.7413 million, 66945.1528 million, which were up 96.04%, up 7.56%, down 4.97%, up 6.86%, down 8.25% comparing with the same period of last year and account for 18.81%, 14.39%, 7.82%, 6.00%, 5.35% of BELGIUM's total imports and exports.

During the current year until 202212, 27, 30, 87, 39, 99 were BELGIUM's top five traded commodities, with total import and export values of 105826.9148 million, 99682.4973 million, 47050.8631 million, 37521.6491 million, 36916.3057 million. These values correspond to 16.73%, 15.76%, 7.44%, 5.93%, 5.84% of BELGIUM's total exports and, respectively, were up 107.56%, up 2.73%, down 9.08%, down 1.97%, up 1340.32% comparing to the same period of last year.

During the current year until 202212, 27, 30, 87, 29, 84 were BELGIUM's top five traded commodities, with total import values of 129393.6340 million, 80219.3795 million, 50783.9010 million, 44841.3153 million, 34445.1898 million. These values correspond to 20.93%, 12.98%, 8.22%, 7.25%, 5.57% of BELGIUM's total exports and, respectively, were up 87.53%, up 14.24%, down 0.81%, up 8.90%, down 8.99% comparing to the same period of last year.

2. Current year until 202212, BELGIUM binational trade profile

According to Dalian Infobank, during the current year until 202212, BELGIUM-China binational exports and imports of goods amounted to 45232.7099 million and were up 16.84% comparing with the same period of last year. Among these, exports from BELGIUM to China were 8206.0906 million and down 13.22%, imports from China to BELGIUM were 37026.6194 million and up 26.56%. The total binational trade deficit was 28820.5288 million and up 45.55%.

During the urrent year until 202212, 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 7017.6989 million, 6858.2870 million, 5472.1443 million, 2630.6254 million, 2302.2913 million and makes up 15.51%, 15.16%, 12.10%, 5.82%, 5.09% of the total binational imports and exports. These values were also up 24.38%, up 54.87%, up 3.75%, up 36.97%, up 6.92% comparing to the same period last year.

During the current year until 202212, 30, 84, 39, 90, 29 were the top five traded commodities exported to China from BELGIUM, with export values of 1636.2203 million, 884.2545 million, 858.3164 million, 645.8299 million, 531.4416 million. These values account for 19.94%, 10.78%, 10.46%, 7.87%, 6.48% of BELGIUM's total exports and were down 8.48%, down 23.96%, down 6.61%, down 0.86%, up 10.87% comparing to the same period of last year.

During the current year until 202212, 87, 85, 84, 29, 39 were BELGIUM's top five traded commodities importing from China , with import values of 6700.0607 million, 6582.2620 million, 4587.8898 million, 2099.1837 million, 1443.9748 million. These values account for 18.10%, 17.78%, 12.39%, 5.67%, 3.90% of BELGIUM's total imports and were up 61.77%, up 26.09%, up 11.59%, up 45.65%, up 17.00% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat