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Belgium Trade Summary

2020

Belgium exports, imports, tariff by year.
Belgium monthly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BELGIUM 2020

Overall Exports and Imports for Belgium 2020

Exports and imports of Belgium in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 295,079 million.
  • The total value of imports (CIF) was 294,198 million.
  • At the HS6 digit level, 4,465 products were exported to 226 countries and 4,520 products were imported from 225 countries.

Belgium top 5 Export and Import partners 2020

Top five countries to which Belgium exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Belgium exports to Germany worth US$ 49,084 million, with a partner share of 16.63 percent.
  2. Belgium exports to France worth US$ 39,414 million, with a partner share of 13.36 percent.
  3. Belgium exports to Netherlands worth US$ 34,329 million, with a partner share of 11.63 percent.
  4. Belgium exports to United States worth US$ 25,732 million, with a partner share of 8.72 percent.
  5. Belgium exports to United Kingdom worth US$ 17,693 million, with a partner share of 6.00 percent.

Top five countries from which Belgium imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Belgium imports from Netherlands worth US$ 56,484 million, with a partner share of 19.20 percent.
  2. Belgium imports from Germany worth US$ 42,844 million, with a partner share of 14.56 percent.
  3. Belgium imports from France worth US$ 33,091 million, with a partner share of 11.25 percent.
  4. Belgium imports from United States worth US$ 15,543 million, with a partner share of 5.28 percent.
  5. Belgium imports from Ireland worth US$ 14,478 million, with a partner share of 4.92 percent.

Belgium Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Belgium along with trade value are:

  1. Belgium exported Other medicaments of mixed or unmixed products, , worth 19,072,272.96 (US$ Thousands).
  2. Belgium exported Vaccines for human medicine , worth 11,553,969.09 (US$ Thousands).
  3. Belgium exported Petroleum oils, etc, (excl. crude); preparation , worth 10,107,388.89 (US$ Thousands).
  4. Belgium exported Human and animal blood; microbial cultures; tox , worth 8,686,116.00 (US$ Thousands).
  5. Belgium exported Automobiles with reciprocating piston engine di , worth 8,447,396.84 (US$ Thousands).

The top five imported HS 6 digit level products from world by Belgium along with trade value are

  1. Belgium imported Other medicaments of mixed or unmixed products, , worth 14,939,479.24 (US$ Thousands).
  2. Belgium imported Petroleum oils and oils obtained from bituminou , worth 8,856,949.26 (US$ Thousands).
  3. Belgium imported Human and animal blood; microbial cultures; tox , worth 8,580,035.02 (US$ Thousands).
  4. Belgium imported Vaccines for human medicine , worth 7,727,255.84 (US$ Thousands).
  5. Belgium imported Petroleum oils, etc, (excl. crude); preparation , worth 7,276,872.00 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Belgium in 2020 are below

  • The maximum rate of tariff in percentage on any product was 74.90 percent.
  • The simple average tariff across all products was 1.73 percent.
  • The trade weighted average tariff was 1.55 .
  • The total duty free imports in thousands of US dollars were 52,001,173.10 and duty free tariff line items share was 62.33 percent.

Development Indicators 2020

Key Development Indicators of Belgium in 2020 are below

  • Belgium GDP in current US dollar was 525,213 million.
  • GNI per capita, Atlas method (current US$) was 46,040.00 .
  • Belgium Trade balance: as % of GDP was 1.71.
  • Trade balance in current US$ was 8,996.00 million.
  • Trade as percentage of GDP was 157.18 .
  • Trade in services as percentage of GDP was 45.68 .

Trade Indicators 2020

Trade Indicators for Belgium in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 24.99.
  • World Growth in percentage was -3.75 and Belgium Country Growth was -1.44 .