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Belgium Trade Summary

2023

Belgium exports, imports, tariff by year.

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 2023

Overall Exports and Imports for Belgium 2023

Exports and imports of Belgium in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 393,158 million.
  • The total value of imports (CIF) was 415,137 million.
  • At the HS6 digit level, 4,466 products were exported to 229 countries and 4,487 products were imported from 227 countries.

Belgium top 5 Export and Import partners 2023

Top five countries to which Belgium exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Belgium exports to Germany worth US$ 64,055 million, with a partner share of 16.29 percent.
  2. Belgium exports to Netherlands worth US$ 52,931 million, with a partner share of 13.46 percent.
  3. Belgium exports to France worth US$ 49,739 million, with a partner share of 12.65 percent.
  4. Belgium exports to United States worth US$ 27,717 million, with a partner share of 7.05 percent.
  5. Belgium exports to United Kingdom worth US$ 23,389 million, with a partner share of 5.95 percent.

Top five countries from which Belgium imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Belgium imports from Netherlands worth US$ 87,949 million, with a partner share of 21.19 percent.
  2. Belgium imports from Germany worth US$ 52,015 million, with a partner share of 12.53 percent.
  3. Belgium imports from France worth US$ 48,085 million, with a partner share of 11.58 percent.
  4. Belgium imports from United States worth US$ 27,982 million, with a partner share of 6.74 percent.
  5. Belgium imports from Ireland worth US$ 18,673 million, with a partner share of 4.50 percent.

Belgium Top 5 Productsexports imports at HS 6 digit level 2023

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

  1. Belgium exported Petroleum oils, etc, (excl. crude); preparation , worth 29,190,063.46 (US$ Thousands).
  2. Belgium exported Other medicaments of mixed or unmixed products, , worth 25,096,625.54 (US$ Thousands).
  3. Belgium exported Vaccines for human medicine , worth 18,301,309.44 (US$ Thousands).
  4. Belgium exported Automobiles nes including gas turbine powered , worth 16,040,874.39 (US$ Thousands).
  5. Belgium exported Natural gas in gaseous state , worth 15,668,087.77 (US$ Thousands).

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

  1. Belgium imported Petroleum oils and oils obtained from bituminou , worth 21,980,491.69 (US$ Thousands).
  2. Belgium imported Other medicaments of mixed or unmixed products, , worth 19,318,641.37 (US$ Thousands).
  3. Belgium imported Natural gas in gaseous state , worth 18,313,741.17 (US$ Thousands).
  4. Belgium imported Automobiles nes including gas turbine powered , worth 17,516,696.35 (US$ Thousands).
  5. Belgium imported Petroleum oils, etc, (excl. crude); preparation , worth 16,407,838.63 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Belgium in 2023 are below

  • The maximum rate of tariff in percentage on any product was 188.46 percent.
  • The simple average tariff across all products was 2.05 percent.
  • The trade weighted average tariff was 1.05 .
  • The total duty free imports in thousands of US dollars were 81,803,702.37 and duty free tariff line items share was 65.36 percent.

Development Indicators 2023

Key Development Indicators of Belgium in 2023 are below

  • Belgium GDP in current US dollar was 644,655 million.
  • GNI per capita, Atlas method (current US$) was 55,020.00 .
  • Belgium Trade balance: as % of GDP was -0.60.
  • Trade balance in current US$ was -3,866.00 million.
  • Trade as percentage of GDP was 168.96 .
  • Trade in services as percentage of GDP was 48.41 .

Trade Indicators 2023

Trade Indicators for Belgium in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 24.91.
  • World Growth in percentage was -3.13 and Belgium Country Growth was -4.52 .