Belgium

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BE · BEL · BACI 56 · latest data 2024

Exports

$387.4B USD, nominal · 2024

= $387,447 M14.2% over 5 yrs (up)

Imports

$388.7B USD, nominal · 2024

= $388,711 M14.0% over 5 yrs (up)

Trade balancebalanced

−$1.3B USD, nominal · 2024

= −$1,265 M

Total trade

$776.2B USD, nominal · 2024

= $776,158 M14.1% over 5 yrs (up)

World position: #17 of 225 exporters · top 10% · #16 of 225 importers · top 10% · 2024
World export share since 1995: −1.3 pp

Trade timeline

Belgium's exports grew from $151.2B in 1995 to $387.4B in 2024; the 2024 balance was −$1.3B.

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Exports, imports, trade balance and total trade of Belgium per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$151,218 M	$151,879 M	−$662 M	$303,097 M
1996	$150,335 M	$158,948 M	−$8,613 M	$309,283 M
1997	$151,008 M	$162,834 M	−$11,826 M	$313,842 M
1998	$153,397 M	$171,745 M	−$18,348 M	$325,142 M
1999	$146,449 M	$169,364 M	−$22,915 M	$315,813 M
2000	$151,289 M	$182,996 M	−$31,707 M	$334,286 M
2001	$152,914 M	$185,256 M	−$32,342 M	$338,171 M
2002	$165,307 M	$204,197 M	−$38,890 M	$369,504 M
2003	$190,517 M	$237,386 M	−$46,869 M	$427,903 M
2004	$229,595 M	$288,524 M	−$58,929 M	$518,118 M
2005	$257,028 M	$320,477 M	−$63,449 M	$577,505 M
2006	$285,687 M	$355,995 M	−$70,308 M	$641,681 M
2007	$328,446 M	$414,884 M	−$86,438 M	$743,329 M
2008	$364,167 M	$460,740 M	−$96,573 M	$824,907 M
2009	$279,249 M	$355,704 M	−$76,455 M	$634,953 M
2010	$297,711 M	$302,297 M	−$4,586 M	$600,008 M
2011	$359,326 M	$359,541 M	−$216 M	$718,867 M
2012	$328,451 M	$338,054 M	−$9,603 M	$666,504 M
2013	$341,364 M	$348,344 M	−$6,980 M	$689,708 M
2014	$344,099 M	$349,233 M	−$5,134 M	$693,332 M
2015	$289,177 M	$282,678 M	$6,499 M	$571,855 M
2016	$295,874 M	$297,336 M	−$1,463 M	$593,210 M
2017	$322,157 M	$327,695 M	−$5,537 M	$649,852 M
2018	$355,323 M	$361,185 M	−$5,862 M	$716,508 M
2019	$339,367 M	$340,942 M	−$1,575 M	$680,309 M
2020	$328,028 M	$313,782 M	$14,246 M	$641,811 M
2021	$429,517 M	$403,294 M	$26,223 M	$832,811 M
2022	$476,201 M	$467,312 M	$8,889 M	$943,514 M
2023	$436,940 M	$437,054 M	−$114 M	$873,994 M
2024	$387,447 M	$388,711 M	−$1,264 M	$776,158 M

30 rows

World share & rank

World export share moved from 3.0% in 1995 to 1.7% in 2024; export rank #10 → #17.

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World export and import share in percent, and world ranks, of Belgium per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	2.99%	3.00%	#10	#10
1996	2.80%	2.96%	#10	#10
1997	2.70%	2.91%	#10	#10
1998	2.76%	3.09%	#10	#10
1999	2.55%	2.95%	#11	#10
2000	2.33%	2.81%	#12	#11
2001	2.42%	2.94%	#12	#11
2002	2.50%	3.09%	#11	#10
2003	2.49%	3.10%	#11	#9
2004	2.49%	3.12%	#11	#9
2005	2.45%	3.06%	#11	#9
2006	2.37%	2.95%	#12	#9
2007	2.35%	2.97%	#12	#9
2008	2.26%	2.85%	#12	#9
2009	2.24%	2.86%	#12	#10
2010	1.98%	2.01%	#13	#14
2011	2.00%	2.00%	#14	#15
2012	1.82%	1.87%	#14	#15
2013	1.87%	1.91%	#15	#15
2014	1.88%	1.90%	#14	#16
2015	1.80%	1.76%	#13	#16
2016	1.89%	1.90%	#13	#15
2017	1.84%	1.87%	#14	#16
2018	1.86%	1.89%	#13	#16
2019	1.83%	1.84%	#14	#16
2020	1.91%	1.83%	#14	#16
2021	2.01%	1.88%	#12	#14
2022	1.97%	1.94%	#12	#15
2023	1.93%	1.93%	#12	#15
2024	1.70%	1.70%	#17	#16

30 rows

Trading partners

Netherlands was Belgium's top trading partner in 2024, at 18.7% of total trade; the top five partners covered 57.4%.

Year

Top partner share: 18.7%
Top-5 share: 57.4%
Partners: 225
Partner HHI (0–1): 0.084

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Netherlands $59.7B

France $57.3B

Germany $52.2B

United States $26.6B

Italy $25.9B

United Kingdom $18.6B

Spain $10.4B

Poland $8.5B

Sweden $8.4B

China $6.5B

Switzerland $4.2B

Czechia $3.6B

Japan $3.5B

Norway $3.4B

Ireland $3.1B

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Top partners of Belgium in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Netherlands	$59,685 M	$85,442 M	$145,127 M	−$25,757 M
#2	Germany	$52,248 M	$51,522 M	$103,770 M	$726 M
#3	France	$57,295 M	$46,111 M	$103,406 M	$11,185 M
#4	United States	$26,586 M	$23,179 M	$49,765 M	$3,407 M
#5	Italy	$25,879 M	$17,647 M	$43,526 M	$8,232 M
#6	United Kingdom	$18,573 M	$11,858 M	$30,431 M	$6,715 M
#7	China	$6,481 M	$14,429 M	$20,910 M	−$7,948 M
#8	Spain	$10,427 M	$10,085 M	$20,512 M	$341 M
#9	Sweden	$8,448 M	$8,264 M	$16,712 M	$183 M
#10	Poland	$8,521 M	$6,703 M	$15,224 M	$1,818 M
#11	Ireland	$3,092 M	$10,655 M	$13,747 M	−$7,563 M
#12	Switzerland	$4,177 M	$8,898 M	$13,074 M	−$4,721 M
#13	Japan	$3,536 M	$8,326 M	$11,862 M	−$4,790 M
#14	Norway	$3,379 M	$7,735 M	$11,114 M	−$4,356 M
#15	Czechia	$3,634 M	$5,029 M	$8,663 M	−$1,395 M

15 rows

Products & sectors

Product composition of Belgium's trade in 2024.

Year

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Concentration & risk

Belgium's export partners diversified over 1995–2024 — HHI 0.100 → 0.079, a diversified export base across 221 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Belgium per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.100	0.108	201	186
1996	0.096	0.107	201	181
1997	0.090	0.099	205	190
1998	0.091	0.096	204	191
1999	0.082	0.092	206	191
2000	0.081	0.087	206	196
2001	0.083	0.086	213	195
2002	0.081	0.085	214	201
2003	0.082	0.089	211	202
2004	0.081	0.089	213	199
2005	0.082	0.088	213	206
2006	0.084	0.088	215	202
2007	0.082	0.085	221	209
2008	0.083	0.090	220	216
2009	0.081	0.086	219	211
2010	0.080	0.096	215	211
2011	0.081	0.098	218	211
2012	0.075	0.102	220	214
2013	0.075	0.099	223	217
2014	0.075	0.095	222	212
2015	0.073	0.084	219	212
2016	0.074	0.078	218	217
2017	0.076	0.081	220	217
2018	0.078	0.082	218	221
2019	0.076	0.081	219	221
2020	0.080	0.080	218	217
2021	0.084	0.086	221	223
2022	0.091	0.076	222	218
2023	0.093	0.083	220	219
2024	0.079	0.092	221	223

30 rows

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