[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · BEL · 2024
Belgium trade profile
In 2024, Belgium recorded $371.1B in merchandise exports and $417.3B in imports, producing a $46.2B trade deficit. Exports changed -8.3% from the previous year, while imports changed -8.6%.[1]
Exports
$371.1B
-8.3%
Imports
$417.3B
-8.6%
Trade balance
-$46.2B
deficit
Active partners
270
108 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$55.1B
HS 30 · Pharmaceutical products
43 active HS6 lines · 189 export partners
2$48.2B
HS 27 · Mineral fuels and oils
43 active HS6 lines · 179 export partners
3$35.3B
HS 87 · Vehicles
87 active HS6 lines · 190 export partners
4$22.7B
HS 39 · HS chapter
129 active HS6 lines · 189 export partners
5$22.3B
HS 84 · Machinery
515 active HS6 lines · 194 export partners
6$15.1B
HS 29 · Organic chemicals
376 active HS6 lines · 172 export partners
7$14.6B
HS 72 · HS chapter
167 active HS6 lines · 163 export partners
8$12.1B
HS 85 · Electrical machinery
262 active HS6 lines · 195 export partners
Leading export markets
Destinations rank bilateral export flows from Belgium; growth describes each corridor rather than the whole economy.
1$55.7B
Netherlands
Annual change -6.2% · 3-year CAGR -0.4%
2$53.3B
Germany
Annual change -13.0% · 3-year CAGR -5.1%
3$49.8B
France
Annual change -25.2% · 3-year CAGR -9.1%
4$27.9B
United States
Annual change +13.4% · 3-year CAGR 7.7%
5$23.3B
Italy
Annual change -3.0% · 3-year CAGR 4.2%
6$19.5B
United Kingdom
Annual change -0.0% · 3-year CAGR -10.9%
7$11.2B
Spain
Annual change +4.7% · 3-year CAGR 2.6%
8$8.8B
Poland
Annual change -0.5% · 3-year CAGR 2.5%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.