Flag Belgium

Service Exports (2017): $106B, Rank 13 of 139

Service Imports (2017): $105B, Rank 14 of 139

Overview: In 2018 Belgium was the number 23 economy in the world in terms of GDP (current US$). In 2017 Belgium exported $106B worth of services, being the number 13 economy in terms of services exports, while in the same year imported $105B in terms of services, the 14th economy in terms of services imports.

Services: In 2017 the top services exported by Belgium were Miscellaneous business, professional, and technical services ($38.3B), Transportation ($25.8B), Computer and information services ($12.7B), Travel ($12.2B), and Financial services ($5.33B). In 2017 top services imported by Belgium were Miscellaneous business, professional, and technical services ($36.3B), Transportation ($23.9B), Travel ($20.7B), Computer and information services ($9.38B), and Financial services ($5.46B).

Latest Trends (May, 2020)

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Overview: In May 2020 Belgium exported €18.3B and imported €18.2B, resulting in a positive trade balance of €135M. 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.

Trade: In May 2020 the top exports of Belgium were Pharmaceutical products (€3.07B), Vehicles; other than railway or tramway... (€2.02B), Organic chemicals (€1.81B), Nuclear reactors, boilers, machinery and mechanical... (€1.29B), and Plastics and articles thereof (€1.17B). In May 2020 the top imports of Belgium were Pharmaceutical products (€2.77B), Vehicles; other than railway or tramway... (€1.61B), Nuclear reactors, boilers, machinery and mechanical... (€1.56B), Organic chemicals (€1.46B), and Mineral fuels, mineral oils and products... (€1.28B).

Destinations: In May 2020 Belgium exported mostly to Germany (€3.39B), France (€2.39B), Netherlands (€2.08B), United States (€1.8B), and Italy (€1.01B), and imported mostly from Netherlands (€3.39B), Germany (€2.31B), France (€2.03B), United States (€1.06B), and Italy (€995M).

Growth: In May 2020, the decrease in Belgium's year-by-year exports was explained primarily by a decrease in exports to Germany (€-1.63B or -32.5%), France (€-1.07B or -30.8%), and Netherlands (€-726M or -25.9%), and product exports decrease in Mineral fuels, mineral oils and products... (€-1.35B or -64.8%), Vehicles; other than railway or tramway... (€-971M or -32.4%), and Organic chemicals (€-633M or -25.9%). In May 2020, the decrease in Belgium's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-1.97B or -36.7%), Germany (€-1.46B or -38.7%), and France (€-873M or -30.1%), and product imports decrease in Mineral fuels, mineral oils and products... (€-2.13B or -62.4%), Vehicles; other than railway or tramway... (€-1.69B or -51.2%), and Nuclear reactors, boilers, machinery and mechanical... (€-594M or -27.6%).

Flow
Value

EXPORT GROWTH (May 2019 - May 2020): €-6.46B, (-26.1%)

IMPORT GROWTH (May 2019 - May 2020): €-7.8B, (-30%)

MAIN DESTINATION (May 2020): Germany, €3.39B

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot, or any product, destination or origin country to explore the exports or imports behavior of Belgium over time.

Comparison in Time

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Flow
Value

This section shows the differences between Belgium's total subnational aggregate trade throughout time.

Belgium Exports Services (2017): $106B

Belgium Imports Services (2017): $105B

In 2017, Belgium exported $106B worth of services. The top services exported by Belgium in 2017 were Miscellaneous business, professional, and technical services ($38.3B), Transportation ($25.8B), Computer and information services ($12.7B), Travel ($12.2B), and Financial services ($5.33B).

The top services imported by Belgium in 2017 were Miscellaneous business, professional, and technical services ($36.3B), Transportation ($23.9B), Travel ($20.7B), Computer and information services ($9.38B), and Financial services ($5.46B).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Belgium are Sugar beet (178%) and Whey (173%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

Explore Tariff Data

*The tariffs applied to imports for Belgium are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance