Belgium Balance of Trade

Last Release

Jul 31, 2024

Actual

5,609.6

Units In

EUR Million

2,250.1

Frequency

Monthly

Next Release

Oct 15, 2024

Time to Release

27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
5,609.6 Jul 2024	-5,516.6 Jul 2022	1,103.7 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 soared to a record high of EUR 5609.6 million in July 2024, from EUR 2242.3 million in the corresponding period of the previous year, preliminary estimates showed. Imports fell by 4.2% to EUR 38278.2 million, with declines seen both from inside and outside the European Union (-4.1% and -4.2%, respectively). Moreover, exports rose by 4% to EUR 43887.8 million, driven by a sharp rise in shipments outside the EU (+13.8%), while sales to EU countries declined by 0.6%.