Belgium

In 2014, the value of merchandise exports of Belgium decreased moderately by 7.7 percent to reach 472.2 bln US$, while its merchandise imports decreased moderately by 7.3 percent to reach 452.8 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance decreased slightly from the record high surplus of 23.1 bln US$ in 2013, and the country recorded a surplus of 19.4 bln US$ in 2014 (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 35.7 bln US$ (see graph 4). Merchandise exports in Belgium were diversified amongst partners; imports were also diversified. The top 17 partners accounted for 80 percent or more of exports and 16 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Belgium increased moderately by 7.3 percent, reaching 109.0 bln US$, while its imports of services increased moderately by 7.3 percent and reached 98.3 bln US$ (see graph 2). There was a relatively small trade in services surplus of 10.7 bln US$.

Related Subject(s): International Trade and Finance

Countries: Belgium