Belgium (BEL)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Belgium - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | Netherlands (NLD) | 12.9% $48.80B | 23.8% $87.43B | 18.3% $136.22B |
| 2 | Germany (DEU) | 15.2% $57.48B | 13.5% $49.44B | 14.4% $106.92B |
| 3 | France (FRA) | 12.7% $48.03B | 11.5% $42.14B | 12.1% $90.17B |
| 4 | USA (USA) | 7.9% $29.67B | 6.0% $21.87B | 6.9% $51.54B |
| 5 | United Kingdom (GBR) | 6.3% $23.86B | 2.9% $10.64B | 4.6% $34.51B |
| 6 | Italy (ITA) | 4.6% $17.21B | 4.6% $16.86B | 4.6% $34.07B |
| 7 | Spain (ESP) | 3.2% $12.14B | 2.5% $9.24B | 2.9% $21.38B |
| 8 | China (CHN) | 1.8% $6.73B | 3.5% $12.85B | 2.6% $19.58B |
| 9 | Poland (POL) | 2.9% $10.81B | 1.6% $6.03B | 2.3% $16.83B |
| 10 | Switzerland (CHE) | 1.3% $5.09B | 2.7% $9.82B | 2.0% $14.91B |
- Belgium's total trade in 2024 reached $744.2B, consisting of $377.3B in exports and $366.9B in imports, resulting in a trade surplus of $10.4B.
- Globally, Belgium ranked #18 in total trade, exports, and imports for the year.
- The top export destination for Belgian goods was Germany, receiving $57.5B (15.2% of total exports).
- The leading source of imports was the Netherlands, accounting for $87.4B (23.8% of total imports).
- Pharmaceutical products (HS2 30) were the top export category, valued at $60.5B, representing 16.0% of all exports.
- Mineral fuels (HS2 27) were the most significant import category, with a total value of $59.8B.
Belgium's Trade Performance in 2024
In 2024, Belgium maintained a significant position in global trade, ranking 18th for total trade, exports, and imports. The country's total trade amounted to $744.2B. Exports reached $377.3B while imports stood at $366.9B, creating a trade balance of $10.4B. Belgium's primary export partners were its European neighbors, with Germany leading at $57.5B, followed by the Netherlands and France. For imports, the Netherlands was the largest partner, providing $87.4B worth of goods, ahead of Germany and France.
Top Product Categories
Belgium's export profile is led by high-value goods. Pharmaceutical products were the top export, accounting for $60.5B or 16.0% of the total. This was followed by Mineral fuels and Vehicles. On the import side, Mineral fuels constituted the largest category at $59.8B (16.3% of imports). Other major import categories included Vehicles ($45.1B) and Pharmaceutical products ($44.3B).
Exports
Belgium - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Belgium - export composition by product categories (Exports), 2024 (USD)
Belgium - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Belgium - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.