This makes Belgium particularly sensitive to disruptions in global trade. Source: OECD-WTO Trade in Value Added Data and OECD AMNE statistics Figure 10. Population: 11,433,256 (2018) Population Growth Rate: 0.509 annual % (2018) Age Dependency Ratio: 55.87 % of working-age population (2018) When the Retail Trade Index is published for a new month, the indices for previous months are also revised if new information has been added. Belgium trade to gdp ratio for 2018 was 165.42%, a 2.04% increase from 2017. The country has been a member of a variety of supranational organizations, including the Belgium-Luxembourg Economic Union (BLEU), the Benelux Economic Union, and the EU. In 2016, the value of import from Belgium to Israel was 3.9 billion USD, an increase of 19.5% compared to 2015, according to Israels Central Bureau of Statistics. Belgium - Market OverviewBelgium - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Data, policy advice and research on Belgium including economy, education, employment, environment, health, tax, trade, GDP, unemployment rate, inflation and PISA. ; Trade balance of Belgium 2019. Belgium Industrial Output Rebounds in October, Belgium Q3 GDP Rebounds More than Initially Thought, Belgium Inflation Rate Drops to 6-Month Low in November, Belgium Business Morale Drops Back to 4-Month Low, Belgium Consumer Confidence Improves in November, Belgium Current Account Balance Swings to Surplus in Q2, Belgium Producer Price Deflation Eases in August, Belgium Construction Output Falls the Most since 1993, Belgium Posts Smallest Trade Surplus in 5 Months, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week, French Shares Finish in the Red, Fall 1.8% on the Week. 1993-2020 Data | 2021-2022 Forecast | Calendar | Historical. The sectors with the highest numbers of bankruptcies in October: 218 bankrupt enterprises in transportation and other service activities, 138 in trade, 117 in accommodation and food service activities and 104 in construction. Trade. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. See how Belgium ranks in US News Best Countries. Get Belgium export statistics and know total export value, top trading partners and what does Belgium exports the most. Trade unions in Belgium are divided between competing confederations, which have clear political traditions. International Trade Analystcedric.cludts@abh-ace.be The above data is for the last one year. Country & Trade Statistics . On 11 June 2019 previously published data on exports and imports of electricity were changed, starting with data on 2014 when majority of enterprises started carrying out transactions with electricity using mediation of European Power Exchange Nord Pool Spot AS. A study based on data from 1999 concluded that minors of non-European nationality were overrepresented in crime statistics. About 80% of Belgium's trade is with fellow EU member states. Bahrain Central Information Organisation. The Belgian Foreign Trade Agency (BFTA) is responsible for gathering, processing and disseminating comparative national and international statistics. 28 August 2020 - New indicators: merchandise trade indices (2015=100) and volume growth in annual percentage rate. Top 5 Export Partners of Belgium. Belgium and the WTO. Try our corporate solution for free! 23 September 2020 - Total annual merchandise trade values and annual merchandise export and import indices were updated. Belgiums BE: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. Barbados Barbados Statistical Service. Discover all statistics and data on Belgium now on statista.com! International Trade Analystdennis.gijsbrechts@abh-ace.be France held on to second place with exports amounting to EUR 24.4 billion. 28 January 2020 - New features: 1. The first part presents an overview of the status of international trade using preliminary statistics up to the third quarter of 2019. For more information, please use the History Data International Trade by Commodity Statistics, Volume 2019 Issue 3 Publication (2019) International Trade by Commodity Statistics, Volume 2018 Issue 2 Publication (2018) Global Forum on Transparency and Exchange of Information for Tax Purposes: Belgium 2018 (Second Round) Publication (2018) International Trade in Services Statistics (ITSS) EBOPS 2010 - ITSS by Partner Country. Belgium-Luxembourg Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. Merchandise Trade statistics data for Belgium (BEL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Belgium trade statistics which is based on Belgium customs data covers export details of all ICDs, air and sea ports. Belgium - Market OverviewBelgium - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. The Netherlands are still Belgiums number one supplier. In that year, the main export market for Belgian goods was Germany (19 percent), followed closely by France (18 percent), the Netherlands (12 We draw up, among others, bilateral sheets about Belgiums relationship with other countries and commentary memos on world trade and Belgiums foreign trade. HS Code 87 HS Code 87 HS Code 27 HS Code 27 HS Code 30 HS Code 30 HS Statistics for international trade in goods are also used by EU institutions in their preparation of multilateral and bilateral trade negotiations, for defining and implementing anti-dumping policies, for the purposes of macroeconomic and monetary policies, and in evaluating the progress of the single market, or the integration of European economies. Belize Statistical Institute of Belize Details may not equal totals due to rounding. Belgium's top 15 customers With roughly EUR 31.9 billion, Germany Trade in durables here refers to NACE 47.19 and 47.447.9. Christelle Charlier Belgium import statistics show that Belgium imported vehicles the most in 2019, which shared 13% value to total imports. Director Studies, Statistics and Communicationchristelle.charlier@abh-ace.be Total Trade [1] Total Exports (2018) $466,653,579,977. With roughly EUR 31.9 billion, Germany remained our number one client after the first six months of 2020. However, exports to this country were down by 15.3% (-EUR 5.8 billion) when compared to the same period a year earlier. BELGIUM TRADE AND INVESTMENT STATISTICAL NOTE Over one-third (34% in 2014) of economic activity (GDP) in Belgium depends on foreign markets, around the same as in the Netherlands and Austria. Created with Highcharts 6.0.7 Germany Germany France France Netherlands Netherlands United Kingdom United Kingdom United States United States. ITC aims to assist Belgium in creating sustainable trade linkages with the developing world by sourcing good quality products from these growing export markets. Details may not equal totals due to rounding. Here is a list of Belgiums top 5 imports with their share in values. However, imports from this country have decreased by 17.7% (-EUR 6.0 billion) in value and amounted to roughly EUR 27.9 billion after the first six months of 2020. Trade balance is the value of exported goods minus the value of imported goods. This page gathers information on Belgium's participation in the WTO. Finally, Belgian exports to the Netherlands have dropped by 15.8% (-EUR 3.8 billion) in value to EUR 20.3 billion after the first semester of 2020. +32 2 206 35 73, Cdric Cludts 2020 : U.S. trade in goods with Belgium . Belgium's economy is dependent on international trade. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Photos, statistics and additional rankings of Belgium. Germany remained in second place with imports amounting to EUR 22.1 billion, which is a drop of 15.1% (-EUR 3.9 billion) when compared to the same period a year earlier. The Belgiums main trade partners are in the EU. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. The climate in Belgium A moderate climatic zone determines the weather in Belgium. Quarterly International Trade Statistics (by partner country) Quarterly International Trade Statistics. By transforming the large volume of primary trade data into an accessible, user-friendly, web-based format, Trade Map provides indicators on export performance, international demand, alternative markets and the role of competitors. Between May 2019 and May 2020 the exports of Belgium have decreased by -6.46B (-26.1%) from 24.8B to 18.3B, while imports decreased by -7.8B (-30%) from 26B to 18.2B. Meanwhile, France held on to third place with EUR 15.9 billion (-18.2% or -EUR 3.5 billion). LOCATION & GEOGRAPHY: Belgium is located in North West Europe. Depending on the season, the average daytime temperatures range between 6 and 23 degrees. The Belgian economy also is inextricably tied to that of Europe. In 2016, the country was the 6th largest exporter of goods in the European Union, with Germany occupying the first place. Netherlands was a founding member of both NATO and the European Union. Belgium Statistics Belgium. Table reflects only those months for which there was trade. Bangladesh Bangladesh Bureau of Statistics. Balance of Trade in Belgium averaged 1081.21 EUR Million from 1993 until 2020, reaching an all time high of 2896.60 EUR Million in September of 2013 and a record low of -1026.60 EUR Million in August of 2008. The statistic shows Belgium's trade balance from 2009 to 2019. Each Member State of the European Union compiles its own external trade figures, in other words statistics on its cross-border movements of goods. Main economic indicators, GDP by sector, trade in goods, trade in commercial services, foreign direct investment, imports and exports with the world, ranking, trade balance. Belgiums top 5 export partners are Germany, France, Netherlands, United Kingdom and United States. Revisions. (212) 419-8286. hadley.ward@statista.com. Tourism Statistics Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. The country also managed to gain market share, because of the fact that, percentage-wise, its exports were above the EU average. About 80% of Belgium's trade is with fellow EU member states. Belgium has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948. Israel- Belgium Trade Statistics for 2016. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. Table reflects only those months for which there was trade. Geographical and historical treatment of Belgium, including maps and a survey of its people, economy, and government. Annual International Trade Statistics by Country Belgium - Belgium - Economy: Belgium has a free-enterprise economy, with the majority of the gross domestic product (GDP) generated by the service sector. Data, policy advice and research on Belgium including economy, education, employment, environment, health, tax, trade, GDP, unemployment rate, inflation and PISA. It is a member State of the European Union (more info). dollars. The two largest, CSC/ACV and the FGTB/ABVV, are linked to the Christian and socialist movements respectively, while the smaller CGSLB/ACLVB is linked to the liberals. The data is categorized under Global Databases Belgium Table BE.World Bank.WDI: Trade Statistics. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. World Trade Statistical Review 2020 looks into the latest developments in world trade, with a detailed analysis of the most recent trends for trade in goods and services. Take-profit.org provides actual statistics, charts, historical data by presidents about trade surplus and deficit in Belgium. Belgium is one of the countries in the EU with a developed trade sector. In fact, in 1998 some 76 percent of Belgiums exports went to nations in the EU. SouthSouth trade has recovered above its 2014 levels. Publish your articles and forecasts in our website. 10 July 2020 - Data updates for 2019 on trade in commercial services and foreign affiliates statistics. Total Imports (2018) $450,388,977,141. It is measured in million USD, as percentage of GDP for net trade, and also in annual growth for exports and imports. Bureau of Foreign Trade, MOEA. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. Save Link option to re-use data selection 3. Belgium has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948. Netherlands Trade Statistics. Given this high percentage, it seeks to diversify and expand trade opportunities with non-EU countries. In a joint effort to harmonize international trade in services statistics, the International Trade Centre (ITC), World Trade Organization (WTO) and United Nations Conference for Trade And Development (UNCTAD) publish simultaneously the same yearly trade data in their respective databases. 2020 : U.S. trade in goods with Belgium . Given this high percentage, it seeks to diversify and expand trade opportunities with non-EU countries. Belgium has a well-developed free market economy, based on both industrial and service sectors with $429.3 billion worth of exported products in 2017. In 2010 Belgian GDP grew by 2.1%, the unemployment rate fell slightly, and the government reduced the budget deficit, which had worsened in 2008 and 2009 because of large-scale bail-outs in the financial sector. COU***Y & TRADE STATISTICS. International Trade by Commodity Statistics, Volume 2019 Issue 3 Publication (2019) International Trade by Commodity Statistics, Volume 2018 Issue 2 Publication (2018) Global Forum on Transparency and Exchange of Information for Tax Purposes: Belgium 2018 (Second Round) Publication (2018) Capacity Building. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Belgiums total population is 11.5 million and it translates to $37,400 for every resident in this European country. At regional level, there were 324 bankruptcies in Flanders, 168 in Wallonia and 121 in Brussels. A distinction is made between movements of goods between EU Member States (Intrastat), on the one hand, and trade flows with countries that do not belong to the European Union, on the other, (Extrastat). Economic Indicators for Belgium including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Belgium Trade Map is free to use and provides trade statistics and market access information for export development. Download historical data for 20 million indicators using your browser. This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. Quarterly International Trade Statistics - Exports. 28 August 2020 - New indicators: merchandise trade indices (2015=100) and volume growth in annual percentage rate. Belarus National Statistical Committee of the Republic of Belarus. The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. The World Investment Report focuses on trends in foreign direct investment (FDI) worldwide, at the regional and country levels and emerging measures to improve its contribution to development.. Click on the "Reports" tab below to download a free copy of this report. It is a member State of the European Union (more info). Public trust in the civil service and the judiciary is high, and perception of corruption is low in Belgium.. Crime dynamics Crime and racial tension. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products. BELGIUM TRADE AND INVESTMENT STATISTICAL NOTE Over one-third (34% in 2014) of economic activity (GDP) in Belgium depends on foreign markets, around the same as in the Netherlands and Austria. The Trading Economics Application Programming Interface (API) provides direct access to our data. Overview: In May 2020 Belgium exported 18.3B and imported 18.2B, resulting in a positive trade balance of 135M. Belgium - Imports and Exports - World - Inulin - Netweight (kg), Quantity and Value (US$) - 2002 - 2018. As from April 2015, a new method is used to calculate final statistics. This document contains, among other things, information about the most important customers, suppliers, import and export products. Export from Israel to Belgium did not change significantly and was 2.5 Billion USD. Trade Balance After the first six months of 2020, Belgium ran a foreign trade surplus of roughly EUR 9.2 billion, which is EUR 3.6 billion more than after the first semester of 2019. Overviews of the report are also available in all official UN languages. Exports of goods and services (% of GDP) (2019) [2] 81.73%. Belgium trade data of exports known as Belgium export data. Trade Balance (2018) $16,264,602,836. A positive trade balance signifies a trade Foreign trade data are used for identifying countrys trade partners and principle exports and imports. +32 2 206 35 78, Dennis Gijsbrechts As usual in the northern hemisphere, the days in the summer months are not only warmer but also longer. Trade in goods and services is defined as the transactions in goods and services between residents and non-residents. +32 2 206 35 64, 2010-2020 - Belgian Foreign Trade Agency. From year-to-year, foreign trade accounts for approximately 70 percent of the nation's economy. Belgiums outward investment (equivalent to 95% of GDP in 2015) was almost the same size as its inward investment (98%). Belgium Trade Balance - 0.465 USD Billion in 2020. About 80% of Belgium's trade is with fellow EU member states. This page gathers information on Belgium's participation in the WTO. Belgium: Browse through 49 potential providers in the international trade industry on Europages, a worldwide B2B sourcing platform. Belgium had a total export of 468,643,264.45 in thousands of US$ and total imports of 454,713,800.86 in thousands of US$ leading to a positive trade balance of 13,929,463.60 in thousands of US$The trade growth In some parts of the country the temperature raises up to 24 C. This report is structured into two parts. This page provides - Belgium Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium trade data shows percentage share of these countries recorded in 2019. The Trade Statistics Branch of the United Nations Statistics Division is active in technical cooperation, in collaboration with other international organizations, with many data compilers from central banks, national statistical offices, customs administrations and other relevant agencies around the world through seminars/workshops and country projects. API Access to data 2. The Belgian authorities are, as a rule, anti-protectionist and try to maintain a hospitable and open trade and investment climate. Bahamas Department of Statistics, Central Bank. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. WTO | Trade Statistics - World Trade Statistical Review 2020. Belgium trade to gdp ratio for 2019 was 163.29%, a 2.13% decline from 2018. It is one of the smallest and most densely populated European countries, and it has been, since its independence in 1830, a representative democracy headed by a hereditary constitutional monarch. After the first six months of 2020, Belgium ran a foreign trade surplus of roughly EUR 9.2 billion, which is EUR 3.6 billion more than after the first semester of 2019. Direct access to our calendar releases and historical data. Foreign trade accounts for approximately 70 percent of the Belgium's economy. The Belgian Foreign Trade Agency publishes also an annual brochure with key data relating to Belgiums foreign trade. All OECD countries compile their data according to the 2008 System of National Accounts (SNA). Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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