belgium trade partners

2020 : U.S. trade in goods with Belgium . Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Germany: US$79.5 billion (17.9% of Belgium’s total exports), Netherlands: -US$20.5 billion (country-specific trade deficit in 2019), Germany: US$23.2 billion (country-specific trade surplus in 2019), Brussels Trading Company (heavy equipment), Raw Materials Recycling (paper, plastics), Webby’s International SA (educational toys, games). Belgium imported US$451.3 billion worth of goods from its international trade buddies in 2014. BELGIAN FOREIGN TRADE - PARTNERS January - June 2020 (January - June 2019) EXCHANGE RATE: 1 EUR = 1.1247 USD (30 JUNE 2020) 1 CATEGORY “ UNSPECIFIED COUNTRIES ” = EUR 1,376.0 million 2 CATEGORY “ UNSPECIFIED COUNTRIES ” = EUR 208.2 million TOTAL IMPORTS 2: EUR 170,239.6 million (EUR 196,224.5 million) Belgium Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. In accordance with the Treaty of Lisbon, the Commission conducts tariff and trade negotiations with third-party states or with international organisations, in particular the World Trade Organisation (WTO). The largest US partners with their total trade in goods (sum of imports and exports) in millions of US dollars for calendar year 2017 are as follows: The second lists top trade partners of Belgium regarding import total (buying). De partnerschappen lopen van 2017 tot en met 2021. Belgium's presence in the field. Do you know Belgium's most important export products of 2018? ITC aims to assist Belgium in creating sustainable trade linkages with the developing world by sourcing good quality products from these growing export markets. Belgium’s total trade with the United States was $4.43 billion in October, a change of -6.15 percent from the same month one year ago. Belgium Trade Statistics. Organisation of the EU's common commercial policy The common commercial policy falls within the exclusive competence of the European Union. 19 for the same month last year. Log in. Belgium imports raw materials, machinery, and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products. The precise criteria for selecting countries are set out in the law on international cooperation, which limits the maximum number of recipients to 25 countries. HS Code Export USD$ (87) Motor Vehicles & Parts: $55,402,225,950 (30) Pharmaceuticals France. That is, most products are imported from these countries to Belgium. China This is how the aforementioned countries contribute (in percentage) Overall, Germany and the Netherlands remain major trading partners of Belgium. The Netherlands is the top import partner of Belgium in addition to being a fellow nation in the Benelux. 20 among U.S. trade partners in October. These are countries that imported the most Belgian shipments by dollar value during 2019. ÿ}¯+. Belgium recorded a trade surplus of 390.70 EUR Million in September of 2020. Table reflects only those months for which there was trade. The 14 partner countries of governmental cooperation were selected on the basis of their degree of poverty, aspects of good governance and Belgium’s potential for providing meaningful support. In volumes, the most important trade flows to Belgium currently include fuels from the Netherlands, chemicals from the Netherlands, and pharmaceuticals from Ireland. Belgium's Foreign Trade 2019 (first 9 months) Belgium's Foreign Trade 2019 (first 6 months) Belgium's Foreign Trade 2019 (first 3 months) Belgium's Foreign Trade - Products and Partners - January 2019 - March 2019; 2018. The change in exports was -33.26 percent and the change in imports was 24.45 percent. By 2017, Belgium will mainly import products from the Netherlands, Germany and France, which together account for 47% of total imports of Belgium. Belgium ranked No. Sorry, your blog cannot share posts by email. Balance of Trade in Belgium averaged 1081.21 EUR Million from 1993 until 2020, reaching an all time high of 2896.60 EUR Million in September of 2013 and a record low of -1026.60 EUR Million in August of 2008. Belgium - Trade Agreements Belgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. The adjacent list reveals its 10 top trade partners, accounting for 71.8% of total Belgian imports. Imports in Belgium averaged 21190.24 EUR Million from 1993 until 2020, reaching an all time high of 34392.10 EUR Million in October of 2018 and a record low of 6975.70 EUR Million in July of 1993. Netherlands and Belgium are bound by strong cultural ties, for insta… The country’s GDP per capita is $57,300 ranking 5th, and it is valued at $57,300 by PPP to rank 10th in the world. Approaching three-quarters (72.5%) of UK exports in 2019 were delivered to the above 15 trade partners. Its nominal GDP stands at $18.56 trillion to rank 1st while the Purchasing Power Parity is valued at $18.56 trillion. Its main imports partners are again the Netherlands, Germany and France, US, UK, and Ireland. The US ranks as one of the wealthiest nations and its currency, the United States Dollar, is the most traded in the world. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. Belgium imports an array of commodities from the Netherlands including mineral fuels which makes up the highest volume. Four among the top 15 importers increased the value of their deliveries from the UK from 2018 to 2019, namely the United States (up 11.1%), Hong Kong (up … The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). Our logistics and warehouse partners are the best renowned independent bonded warehouses in the Belgium… The 30 largest trade partners of the United States represent 87.9% of U.S. exports, and 87.4% of U.S. imports as of 2017.These figures do not include services or foreign direct investment. The first table below shows top trading partners of Belgium in terms of export sales (selling), including Germany, France, and Netherlands. In 2019, Belgium's trade surplus amounted to around 18.37 billion U.S. dollars. About half of Belgium's imports from the United States are processed and re-exported to other markets. Other imports include machinery, electronic equipment, industrial iron, and steel. Merchandise Trade statistics data for Belgium (BEL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. US. the sum of exports and imports) and China (€605 bn, or 15.4%) continued to be the two main goods trading partners … Imports in Belgium increased to 30405.60 EUR Million in September from 25172.90 EUR Million in August of 2020. In addition to being considered an export champion (10th in the world rank), Belgium plays an important role as a transit and distribution centre for other countries in the European Union. Op 3 oktober 2017 ondertekende Flanders Investment & Trade in aanwezigheid van minister-president Geert Bourgeois samenwerkingsakkoorden met 17 partners (ondernemersorganisaties, gemengde kamers van koophandel en clusters). Post was not sent - check your email addresses! The European Commission plays a key role in trade negotiations, under the supervision of the Member States and the European Parliament. Belgium shipped US$469.7 billion worth of goods around the world in 2014. In 1999, the United States exported $11.3 billion to Belgium. The United States is a major trading partner of Belgium. In terms of imports, 64% come from EU Member Sta… It accounts for at least 17.3% of Belgian imports. It also is a significant economic partner to the U.S. with bilateral trade amounting to over $51 billion in 2014 and expected to grow another 10% by 2015. Intra-EU trade accounts for 73% of Belgium’s exports (Germany 18%, France 14% and the Netherlands 12%), while outside the EU 5% go to the United States and 2% to both India and China. It had ranked No. The most important sectors of Belgium’s economy in 2018 were public administration, defence, education, human health and social work activities (22.1%), wholesale and retail trade, transport, accommodation and food services (19.4%) and industry (16.7%). Also shown is each import country’s percentage of total Belgian exports. The various Belgium import partners are: Netherlands. This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. Germany. The most common import partners for Belgium-Luxembourg are Netherlands ($71.3B), Germany ($59B), France ($42.9B), United States ($32B), and United Kingdom ($20.1B). Includes websites and other resources where U.S. companies can get more information on how … The UK also does a lot of trading with France, Norway, Belgium, and the Netherlands. The GDP recorded a 2.6% growth in 2015 and a 1.6% growth in 2016. Explore Visualizations undo CMS.Section.Reset visualizations The kingdom is the ninth largest trading partner of the United States. Agoria is Belgium's largest employers' organisation and trade association representing more than 1,700 members active in the technology industry in Belgium. Germany and the United States are the top trading partners of the United Kingdom. The U.S. is Belgium’s 5th largest trading partner overall and its most important trading partner outside of the EU. Website Designed at Homestead™ Make a Website for Your Business Foreign Trade in Figures. It acts by consulting … UK. 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. Pharmaceuticals and food items such as honey and eggs are also included. Below is a list showcasing 15 of Belgium’s top trading partners. The major contributors to the country’s GDP by sector are services at 79.5%, agriculture at 1… This is a list of the largest trading partners of United Kingdom based on data from Office for National Statistics Pink Book for 2019 Goods and Services. Read more The adjacent list reveals its 10 top trade partners, accounting for 71.1% of total Belgian exports. Details may not equal totals due to rounding. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. The United States and Belgium are also significant investment partners. A third of EU trade is with the United States and China At Member State level, trade within the EU largely prevails In 2018, the United States (€674 billion, or 17.1% of total extra-EU trade in goods, i.e. Our logistics and warehouse partners are We supply wholesalers, Exporters, Suppliers, and Distributors, Trading companies, retailers, duty free distributors, ship chandlers and other organizations. ;›ßõ””ù6þ8ˊUó;ó+òó6æ"cΐ³CVfE~ý\˝Śy¼aÞ oÿé¿_÷=fËkY\ËæÌ9rÁ\ [f‹,̂L›…ÍÒfa³žÙ#Óiá´tZ8-NK›…Mh„Ah„Ah„Ah„Ah„A¸W‚½zdñp¯{%¼Gñ-)÷ÍaßÍfG³ƒÙÑì`v4;˜ÍfG›ƒÍÑæ`Sv*:•ŠNe§¢SÙ©èTv*:•³+fWö+ú•ýºô¿1¿!svÅìÊÙ³+gWÌ®œ]1»çì³{Ú. Germany: US$79.5 billion (17.9% of Belgium’s total exports) France: $62.5 billion (14.1%) Of 2020 's presence in the field positive trade balance signifies a surplus... Shipments by dollar value during 2019 organisation of the European Parliament also included of goods from its trade. 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