Overview In March 2023, China exported $3.1B and imported $834M from Belgium, resulting in a positive trade balance of $2.27B. Between March 2022 and March 2023 the exports of China have increased by $787M (34%) from $2.32B to $3.1B, while imports decreased by $-26.3M (-3.05%) from $860M to $834M.
Trade In March 2023, the top exports of China to Belgium were Cars ($665M), Telephones ($74.9M), Large Construction Vehicles ($68.9M), Commodities not elsewhere specified ($64.2M), and Biodiesel and mixtures thereof ($64.2M). In March 2023 the top imports of China from Belgium were Diamonds ($165M), Platinum ($88M), Beauty Products ($76.1M), Packaged Medicaments ($43.2M), and Machinery Having Individual Functions ($19.5M).
Origins In March 2023 the exports of China were mainly from Zhejiang Province ($547M), Shanghai Province ($449M), Guangdong Province ($415M), Jiangsu Province ($395M), and Beijing ($242M), while imports destinations were mainly Shanghai Province ($245M), Guangdong Province ($245M), Jiangsu Province ($86.2M), Beijing ($60.6M), and Zhejiang Province ($51.9M).
Growth In March 2023, the increase in China's year-by-year exports to Belgium was explained primarily by an increase in product exports in Cars ($656M or 7.16k%), Large Construction Vehicles ($25.9M or 60%), and Flat Flat-Rolled Steel ($24.1M or 2.31k%). In March 2023, the decrease in China's year-by-year imports from Belgium was explained primarily by an decrease in product imports in Reaction and Catalytic Products ($-58.6M or -80.8%), Vaccines, blood, antisera, toxins and cultures ($-20.5M or -92.6%), and Refined Copper ($-15.7M or -48.2%).