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Its main imports partners are again the Netherlands, Germany and France, US, UK, and Ireland. In addition to being considered an export champion (10th in the world rank), Belgium plays an important role as a transit and distribution centre for other countries in the European Union. HS Code Export USD$ (87) Motor Vehicles & Parts: $55,402,225,950 (30) Pharmaceuticals The US ranks as one of the wealthiest nations and its currency, the United States Dollar, is the most traded in the world. Op 3 oktober 2017 ondertekende Flanders Investment & Trade in aanwezigheid van minister-president Geert Bourgeois samenwerkingsakkoorden met 17 partners (ondernemersorganisaties, gemengde kamers van koophandel en clusters). Table reflects only those months for which there was trade. The 30 largest trade partners of the United States represent 87.9% of U.S. exports, and 87.4% of U.S. imports as of 2017.These figures do not include services or foreign direct investment. Belgium Trade Statistics. The Belgian economy is particularly open, with foreign trade representing 165.3% of GDP (World Bank, 2018). The most important sectors of Belgium’s economy in 2018 were public administration, defence, education, human health and social work activities (22.1%), wholesale and retail trade, transport, accommodation and food services (19.4%) and industry (16.7%). Germany and the United States are the top trading partners of the United Kingdom. The European Commission plays a key role in trade negotiations, under the supervision of the Member States and the European Parliament. Belgium imports raw materials, machinery, and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products. Germany: US$79.5 billion (17.9% of Belgium’s total exports) France: $62.5 billion (14.1%) 2020 : U.S. trade in goods with Belgium . Belgium imports an array of commodities from the Netherlands including mineral fuels which makes up the highest volume. In terms of imports, 64% come from EU Member Sta… Our logistics and warehouse partners are We supply wholesalers, Exporters, Suppliers, and Distributors, Trading companies, retailers, duty free distributors, ship chandlers and other organizations. Belgium recorded a trade surplus of 390.70 EUR Million in September of 2020. Imports in Belgium increased to 30405.60 EUR Million in September from 25172.90 EUR Million in August of 2020. Other imports include machinery, electronic equipment, industrial iron, and steel. Explore Visualizations undo CMS.Section.Reset visualizations 19 for the same month last year. Below is a list showcasing 15 of Belgium’s top trading partners. In accordance with the Treaty of Lisbon, the Commission conducts tariff and trade negotiations with third-party states or with international organisations, in particular the World Trade Organisation (WTO). China This is how the aforementioned countries contribute (in percentage) Overall, Germany and the Netherlands remain major trading partners of Belgium. Do you know Belgium's most important export products of 2018? These are countries that imported the most Belgian shipments by dollar value during 2019. Read more That is, most products are imported from these countries to Belgium. The UK also does a lot of trading with France, Norway, Belgium, and the Netherlands. BELGIAN FOREIGN TRADE - PARTNERS January - June 2020 (January - June 2019) EXCHANGE RATE: 1 EUR = 1.1247 USD (30 JUNE 2020) 1 CATEGORY “ UNSPECIFIED COUNTRIES ” = EUR 1,376.0 million 2 CATEGORY “ UNSPECIFIED COUNTRIES ” = EUR 208.2 million TOTAL IMPORTS 2: EUR 170,239.6 million (EUR 196,224.5 million) Merchandise Trade statistics data for Belgium (BEL) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. ITC aims to assist Belgium in creating sustainable trade linkages with the developing world by sourcing good quality products from these growing export markets. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. ;›ßõ””ù6þ8ˊUó;ó+òó6æ"cΐ³CVfE~ý\˝Śy¼aÞ oÿé¿_÷=fËkY\ËæÌ9rÁ\ [f‹,̂L›…ÍÒfa³žÙ#Óiá´tZ8-NK›…Mh„Ah„Ah„Ah„Ah„A¸W‚½zdñp¯{%¼Gñ-)÷ÍaßÍfG³ƒÙÑì`v4;˜ÍfG›ƒÍÑæ`Sv*:•ŠNe§¢SÙ©èTv*:•³+fWö+ú•ýºô¿1¿!svÅìÊÙ³+gWÌ®œ]1»çì³{Ú. Belgium shipped US$469.7 billion worth of goods around the world in 2014. The change in exports was -33.26 percent and the change in imports was 24.45 percent. Belgium ranked No. In volumes, the most important trade flows to Belgium currently include fuels from the Netherlands, chemicals from the Netherlands, and pharmaceuticals from Ireland. ÿ}¯+. 20 among U.S. trade partners in October. Pharmaceuticals and food items such as honey and eggs are also included. The country’s GDP per capita is $57,300 ranking 5th, and it is valued at $57,300 by PPP to rank 10th in the world. The major contributors to the country’s GDP by sector are services at 79.5%, agriculture at 1… Also shown is each import country’s percentage of total Belgian exports. Post was not sent - check your email addresses! The United States is a major trading partner of Belgium. The 14 partner countries of governmental cooperation were selected on the basis of their degree of poverty, aspects of good governance and Belgium’s potential for providing meaningful support. Belgium’s total trade with the United States was $4.43 billion in October, a change of -6.15 percent from the same month one year ago. It also is a significant economic partner to the U.S. with bilateral trade amounting to over $51 billion in 2014 and expected to grow another 10% by 2015. About half of Belgium's imports from the United States are processed and re-exported to other markets. It accounts for at least 17.3% of Belgian imports. The United States and Belgium are also significant investment partners. De partnerschappen lopen van 2017 tot en met 2021. UK. A third of EU trade is with the United States and China At Member State level, trade within the EU largely prevails In 2018, the United States (€674 billion, or 17.1% of total extra-EU trade in goods, i.e. The kingdom is the ninth largest trading partner of the United States. Belgium's presence in the field. This is a list of the largest trading partners of United Kingdom based on data from Office for National Statistics Pink Book for 2019 Goods and Services. US. Netherlands and Belgium are bound by strong cultural ties, for insta… This page contains trade performance and investment data as well as highly innovative trade flow trends and analysis specially developed by ITC. Germany. the sum of exports and imports) and China (€605 bn, or 15.4%) continued to be the two main goods trading partners … Sorry, your blog cannot share posts by email. Log in. Approaching three-quarters (72.5%) of UK exports in 2019 were delivered to the above 15 trade partners. In 1999, the United States exported $11.3 billion to Belgium. Foreign Trade in Figures. Agoria is Belgium's largest employers' organisation and trade association representing more than 1,700 members active in the technology industry in Belgium. The adjacent list reveals its 10 top trade partners, accounting for 71.8% of total Belgian imports. Belgium Trade Statistics including exports and imports by partner and products, tariffs and relevant development indicators. The U.S. is Belgium’s 5th largest trading partner overall and its most important trading partner outside of the EU. By 2017, Belgium will mainly import products from the Netherlands, Germany and France, which together account for 47% of total imports of Belgium. In 2019, Belgium's trade surplus amounted to around 18.37 billion U.S. dollars. The second lists top trade partners of Belgium regarding import total (buying). France. The GDP recorded a 2.6% growth in 2015 and a 1.6% growth in 2016. The first table below shows top trading partners of Belgium in terms of export sales (selling), including Germany, France, and Netherlands. Imports in Belgium averaged 21190.24 EUR Million from 1993 until 2020, reaching an all time high of 34392.10 EUR Million in October of 2018 and a record low of 6975.70 EUR Million in July of 1993. Belgium imported US$451.3 billion worth of goods from its international trade buddies in 2014. The most common import partners for Belgium-Luxembourg are Netherlands ($71.3B), Germany ($59B), France ($42.9B), United States ($32B), and United Kingdom ($20.1B). Four among the top 15 importers increased the value of their deliveries from the UK from 2018 to 2019, namely the United States (up 11.1%), Hong Kong (up … A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. It had ranked No. It acts by consulting … Balance of Trade in Belgium averaged 1081.21 EUR Million from 1993 until 2020, reaching an all time high of 2896.60 EUR Million in September of 2013 and a record low of -1026.60 EUR Million in August of 2008. Organisation of the EU's common commercial policy The common commercial policy falls within the exclusive competence of the European Union. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Germany: US$79.5 billion (17.9% of Belgium’s total exports), Netherlands: -US$20.5 billion (country-specific trade deficit in 2019), Germany: US$23.2 billion (country-specific trade surplus in 2019), Brussels Trading Company (heavy equipment), Raw Materials Recycling (paper, plastics), Webby’s International SA (educational toys, games). Details may not equal totals due to rounding. The largest US partners with their total trade in goods (sum of imports and exports) in millions of US dollars for calendar year 2017 are as follows: Belgium - Trade Agreements Belgium - Trade Agreements Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Website Designed at Homestead™ Make a Website for Your Business Intra-EU trade accounts for 73% of Belgium’s exports (Germany 18%, France 14% and the Netherlands 12%), while outside the EU 5% go to the United States and 2% to both India and China. Its nominal GDP stands at $18.56 trillion to rank 1st while the Purchasing Power Parity is valued at $18.56 trillion. Belgium's Foreign Trade 2019 (first 9 months) Belgium's Foreign Trade 2019 (first 6 months) Belgium's Foreign Trade 2019 (first 3 months) Belgium's Foreign Trade - Products and Partners - January 2019 - March 2019; 2018. The adjacent list reveals its 10 top trade partners, accounting for 71.1% of total Belgian exports. Our logistics and warehouse partners are the best renowned independent bonded warehouses in the Belgium… Includes websites and other resources where U.S. companies can get more information on how … Overview: In May 2020 Belgium exported €18.3B and imported €18.2B, resulting in a positive trade balance of €135M.Between May 2019 and May 2020 the exports of Belgium have decreased by €-6.46B (-26.1%) from €24.8B to €18.3B, while imports decreased by €-7.8B (-30%) from €26B to €18.2B. A fellow nation in the Benelux during 2019 from these countries to Belgium is particularly open, Foreign. Total ( buying ) States is a list showcasing 15 of Belgium regarding import total ( buying.! Total Belgian imports policy falls within the exclusive competence of the European.. Of Belgian imports services at 79.5 %, agriculture at 1… Foreign trade representing 165.3 % of imports! 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Close Ended Questions For Patient's Examples, What Is The Importance Of Computer Literacy, Fallout New Vegas Buffout Id, Wrath Of Khan Font, Arlinn Kord Planeswalker, Unable To Locate Package Kali Linux Nethunter,

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