India / Belgium

Overview In November 2024, India exported $402M and imported $523M from Belgium, resulting in a negative trade balance of $121M. Between November 2023 and November 2024 the exports of India have decreased by $-150M (-27.1%) from $552M to $402M, while imports decreased by $-12.1M (-2.27%) from $535M to $523M.

Trade In November 2024, the top exports of India to Belgium were Pearl, Precs, Semiprecs Stones ($254M), Iron And Steel ($94.4M), Residul Chemicl And Alled Prod ($63.1M), Drug Formulations, Biologicals ($58M), and Castor Oil ($47.6M). In November 2024 the top imports of India from Belgium were Pearl, Precs, Semiprecs Stones ($173M), Indl. Machnry For Dairy Etc ($48.2M), Electric Machinery And Equipme ($36.5M), Plastic Raw Materials ($34.4M), and Iron And Steel ($30.6M).

Growth In November 2024, the decrease in India's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Petroleum Products ($-77.7M or -99.3%), Consumer Electronics ($-28M or -96.1%), and Organic Chemicals ($-24.6M or -52.1%). In November 2024, the decrease in India's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Pearl, Precs, Semiprecs Stones ($-108M or -38.4%), Iron And Steel ($-10.6M or -25.8%), and Drug Formulations, Biologicals ($-9.48M or -46%).