Belgium is a country located in western Europe.
It is divided into three regions (Brussels-Capital Region, Flanders, and Wallonia) and three primary language groups (Dutch, French, and German).
Belgium is considered a small, open economy, holding over 11.5 million inhabitants and a GDP per capita of $44,500.
With English being a widely spoken language, low barriers to market entry and the presence of large international organisations such as the European Union (EU) and North Atlantic Treaty Organisation (NATO), it is no surprise how deeply involved Belgium is with international trade.
Its 2019 import flows exceeded $426 billion, with imports primarily coming from the Netherlands, Germany, France, USA, and Ireland.
|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|
Petroleum oils, etc, (excl. crude); preparation
Other medicaments of mixed or unmixed products,
Petroleum oils and oils obtained from bituminou
Automobiles with diesel engine displacing more
Natural gas in gaseous state
Sugar beets, fresh vegetables, fruits, grain, tobacco; beef, veal, pork, milk
Engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, pharmaceuticals, base metals, textiles, glass, petroleum
Belgium is a major importer of raw materials, machinery, chemicals, pharmaceuticals, foodstuffs, oil products and transportation equipment.
The main imports are refined petroleum (around $33B), cars (around $28B), packaged medicaments (around $24B), crude petroleum (around $24B) and petroleum gas (around $18B).
The import partners are the Netherlands at around 20%, Germany at around 14%, France at around 10%, the US at around 6%, the UK at 5.5% and Ireland at around 4%.
It has a strategic geographic location, an open economy and is an early adopter of new technologies with an excellent transport network.
Exporting to Belgium? Contact our local experts
Belgium Economic Statistics
Nationale Bank van Belgie - Banque Nationale de Belgique
Currency in Belgium