Data Insights

Overall, Belgium's trade flow showed a positive trend with total exports reaching 29.1B, an increase of 4.23B (17.03%), while imports totaled 27.41B, up by 3.26B (13.49%). The month-on-month analysis indicated strong growth in both imports and exports, particularly from key partners like France and the Netherlands. Year-on-year, the growth was also notable, especially from the United States and the Netherlands, despite some declines in specific areas.

In the month-on-month analysis, imports from Ireland saw the highest increase with a trade value of 1.09B, reflecting a significant value change of 514.02M (0.89% increase). France and the Netherlands followed closely with increases of 443.45M and 440.26M respectively. On the lower end, imports from Russia decreased by 118.72M, while Norway and the UAE also saw declines of 54.48M and 49.95M respectively. For exports, France led with a 619.7M increase, followed by Germany and Italy with 413.03M and 411.39M increases. Conversely, exports to the United States dropped by 115.88M, with Togo and Japan also experiencing declines of 50.94M and 49.95M respectively.

In the year-on-year analysis, imports from the United States and the Netherlands showed remarkable growth, with values of 1.59B and 6.17B respectively, marking increases of 1.59B and 1.5B. Poland and Norway also had significant increases. On the downside, imports from Germany, Ireland, and Russia saw declines of 378.38M, 277.22M, and 149.56M respectively. For exports, the United States again topped the list with a value of 1.92B, reflecting a 1.92B increase. The Netherlands and Poland also showed strong growth. However, exports to the United Kingdom, Areas, and Nigeria saw declines of 258.51M, 195.96M, and 145.62M respectively.