Imports

In 2022, Belgium imported $623.2 billion worth of products from all over the world. From 2021 to 2022, the total value of Belgium's imports grows by 17% compared to 2022. The total value of Belgium's imports increased by 17% from 2021 to 2022, to $532.5 billion.

Main Suppliers of Belgian Imports

The latest country-specific data show that Belgium's imports are mainly supplied by exporters from the Netherlands (18.4% of the global total), Germany (11.6%), France (9.2%), China (5.96%), the US (5.95%), the UK (5.8%), Ireland (4.11%), Spain (4.06%), Italy (3.8%), Norway (3.8%), and the United States (5.95%), Norway (2.9%), Russia (2.2%) and Japan (1.8%).

Belgium's Top 10 Imports

1. Fossil fuels including oil: $137.4 billion (22% of total imports)

2. Pharmaceuticals: $79.7 billion (12.8%)

3. Vehicles: $54.3 billion (8.7%)

4. Organic chemicals: $41.4 billion (6.6%)

5. Machinery including computers: $36.8 billion (5.9%)

6. Motors, equipment: $30.5 billion (4.9%)

7. Plastics, plastic products: $24.9 billion (4%)

8. Gems, precious metals: $20.2 billion (3.2%)

9. Steel: $19.4 billion (3.1%)

10. Optical, technical, medical equipment: $13.7 billion (2.2%)

Belgium's top 10 imports accounted for almost three-quarters (73.6%) of the total value of products it purchased from other countries.

The fastest-growing imported product category is mineral fuels, including oil (up 95.1% from 2021), followed by Belgian imports of pharmaceuticals (up 14.8%) and then electrical machinery and equipment (up 9.4%).

The product category with the most severe decline was Belgium's imports of machinery including computers (-3.7% from 2021).

Exports

In 2022, the Kingdom of Belgium exported US$ 635.5 billion worth of products worldwide. The total value of Belgium's exports is 15.7% higher than in 2021, when they amounted to US$549.5 billion.

Belgium's Main Trading Partners

The latest country-specific data show that Belgian exports are mainly purchased by importers in Germany (21.2% of Belgium's global total), the Netherlands (13.8%), France (13.1%), the United States (5.9%), the United Kingdom (5.2%), Italy (4.4%), Spain (2.8%), Poland (2.3%) and Japan (1.7%), Sweden (1.6%), Luxembourg (1.5%) and Mainland China (1.3%).

Belgium's Top 10 Exports

1. Fossil fuels including oil: US$113.2 billion (17.8% of total exports)

2. Pharmaceuticals: $103.1 billion (16.2%)

3. Vehicles: $53.1 billion (8.4%)

4. Plastics, plastic products: $39.5 billion (6.2%)

5. Machinery including computers: $34.8 billion (5.5%)

6. Organic chemicals: $31.8 billion (5 percent)

7. Iron and steel: $24.9 billion (3.9%)

8. Gems, precious metals: $22.2 billion (3.5%)

9. Electrical machinery, equipment: $18.7 billion (2.9%)

10. Other chemicals: $15.9 billion (2.5%)

Belgium's top 10 exports account for nearly three-quarters (72%) of the value of its global exports.

Fossil fuels, including petroleum, are the fastest-growing of the top 10 export categories, increasing by 119.9% from 2021 to 2022. The second highest improvement in export sales was in the miscellaneous chemicals category, which grew by 20.6%. Belgian steel shipments increased the third most, by 15.5%.

The largest decline among Belgium's top ten export categories was machinery including computers, down -0.5% year-on-year.

Looking at the four-digit HS codes, Belgium's most valuable exports were blood components, including antisera (10.1% of Belgium's total exports), liquefied petroleum gas (7.9%), processed petroleum (7.7%), pharmaceutical mixing doses (5.7%), automobiles (5.3%), unset and unset diamonds (2.1%), automotive parts or accessories (1.21%), ethylene polymers (1.18%), biodiesel (1%), and then electricity (1%).

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