Belgium Balance of Trade

Last Release

Aug 31, 2024

Actual

1,504.5

Units In

EUR Million

5,609.6

Frequency

Monthly

Next Release

Nov 15, 2024

Time to Release

28 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
5,609.6 Jul 2024	-5,516.6 Jul 2022	1,104.76 EUR Million	1993-2024	National Bank of Belgium

Foreign trade accounts for approximately 70 percent of the Belgium's economy. About 80% of Belgium's trade is with fellow EU member states. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, not mounted or set diamonds. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products.

Latest Updates

Belgium's trade surplus widened to EUR 1504.5 million in August 2024, from EUR 975 million in the corresponding period of the previous year, preliminary estimates showed. Imports tumbled by 9.9% to EUR 36174.8 million, with declines seen both from inside and outside the European Union (-11.2% and -7.1%, respectively). At the same time, exports dropped by 8.4% to EUR 37679.3 million, with sales to EU countries falling by 8.3%, while Extra-EU shipments declined by 8.5%.