Belgium is the thirteenth largest export economy and they export over $380B and import around $470B, and so there is a relatively large negative trade balance. Belgium is a small and multicultural country. English is widely spoken with low barriers to market entry and there are large international organisations, such as the European Union (EU) and North Atlantic Treaty Organisation (NATO). Belgium has a strategic geographic location, an open economy; it is an early adopter of new technologies with an excellent transport network.
The main export destinations of Belgium-Luxembourg are Germany (around $57B), France ($55B), the Netherlands ($53B), the United Kingdom (around $31B) and Italy (around $20B). The main import countries of origin are the Netherlands (around $93B), Germany (above $65B), France (above $50B), the United States (around $34B) and the United Kingdom ($25B). The products that are the top exports of Belgium-Luxembourg are cars (around $23B), refined petroleum (around $41B), packaged medicaments (around $19B), petroleum gas (around $16B) and diamonds (around $15B).
Official Name (Local Language) | Royaume de Belgique; Koninkrijk Belgie | Capital | Brussels | Population | 11,409,077 | Currency | Euro | GDP | $470.2 billion | Languages | Euro | Telephone Dial In | 32 |
406,412
4,511
223
Country
Trade
%
Netherlands
69,905
17.20
Germany
56,265
13.84
France
38,535
9.48
United States
29,208
7.19
United Kingdom
19,638
4.83
Export product
Number
Petroleum oils, etc, (excl. crude); preparation
9.0%
Other medicaments of mixed or unmixed products,
4.8%
Petroleum oils and oils obtained from bituminou
4.6%
Automobiles with diesel engine displacing more
3.8%
Natural gas in gaseous state
3.4%
%
Product list
0.6%
Sugar beets, fresh vegetables, fruits, grain, tobacco; beef, veal, pork, milk
%
Industry list
21.8%
Engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, pharmaceuticals, base metals, textiles, glass, petroleum
%
Services list
77.6%
NA
Belgium is the thirteenth largest export economy and they export over $380B and import around $470B, and so there is a relatively large negative trade balance. Belgium is a small and multicultural country. English is widely spoken with low barriers to market entry and there are large international organisations, such as the European Union (EU) and North Atlantic Treaty Organisation (NATO). Belgium has a strategic geographic location, an open economy; it is an early adopter of new technologies with an excellent transport network.
The main export destinations of Belgium-Luxembourg are Germany (around $57B), France ($55B), the Netherlands ($53B), the United Kingdom (around $31B) and Italy (around $20B). The main import countries of origin are the Netherlands (around $93B), Germany (above $65B), France (above $50B), the United States (around $34B) and the United Kingdom ($25B). The products that are the top exports of Belgium-Luxembourg are cars (around $23B), refined petroleum (around $41B), packaged medicaments (around $19B), petroleum gas (around $16B) and diamonds (around $15B).
https://www.belgium.be/en
https://countryeconomy.com/ratings/belgium
Nationale Bank van Belgie - Banque Nationale de Belgique
9214
8.4%
15.1%
1.6%
0.25%
$470.2 billion
$44,900
Euro
EUR
High Income
17/138
16/180
45/190
10/136