document.write('<'+'div id="placement_193937_'+plc193937+'">'); Statistics on export prices on Take-profit.org. Top Belgian Exports to the World. China is the largest supplier of Products accounting for import worth US $ 309.4 Million . Belgium's Top Exports in 2020: 8.02% ($23 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale. To Belgians, though, the potato is so much more than just a means to make fries. As Belgium is a multinational state, this connection may be residential, legal, historical, or cultural rather than ethnic. Both Antigua and Tajikistan are tiny countries with tiny economies that export very little. United Kingdom: $5.14 billion. In value terms, Belgium ($3.3B), the Netherlands ($1.9B) and Spain ($818M) constituted the countries with the highest levels of exports in 2020, together accounting for 72% of total exports. Volume of exports from Belgium was 49.128 USD Billion in 2022. 10. Belgium is the 12th largest petroleum gas exporter and only one of the top 15 exporting countries (United States) has managed to increase the value of its exports in the last five years. Belgium is world-famous for its chocolate, waffles, beer, and its national football team, the Red Devils. Top Belgium Exports 2018. billion ranked 13th in the world at year 2009. The country holds the record for the longest government formation in history. The data collected is analyzed and used to provide growers with more timely and personalized advice. In 2015, Belgium and Luxembourg exported 276 billion euros and imported 321 billion euros, resulting in a negative trade balance of 44,4 billion euros. AdButler.ads.push({handler: function(opt){ AdButler.register(167200, 193936, [180,150], 'placement_193936_'+opt.place, opt); }, opt: { place: plc193936++, keywords: abkw, domain: 'servedbyadbutler.com' }}); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} The Federal Planning Bureau has determined that the sectors' contribution to the Belgian economy amounts to 4 billion EUR, or 1% of the BNP. Distinguished by its major ports (Antwerp is the second largest port in Europe) and first-class logistical infrastructure, a significant portion of bilateral trade either originates in, or is destined for, other . It also allows them to compare promising new varieties, like Bintje, Fontane and Challenger. Adolphe Sax Musical instrument designer. Belgium mainly exported machinery and equipments, finished diamonds and foodstuff. Cars: $56.9 billion. Last year, by comparison, the sector reported a 1,000% increase, making Belgium the largest exporter of frozen potatoes in the world. As per Belgium export data, Belgium's top 10 export partners shared 71.9% value to total number of export shipments recorded in 2020. The content on this website is provided for informational purposes only and isnt intended to constitute professional financial advice. Middle East and North Africa. The US is followed by Mexico, Japan, Belgium and Russia: industry association . This statistic shows the total value of the goods export from Belgium in 2021, by product group (in million euros). Once you know which commodities and instruments youre interested in trading, you can research the following regulated brokers available in . Despite the setback of the 2018-19 growing season which was greatly impacted by a lengthy drought followed by intense heat waves a record harvest in the second half of the 2017-18 growing season contributed to the large supply of potato products. The Brewers of Europe federation revealed its rankings of the largest beer exporters in Europe. Does Santiago de Compostela have a beach? Not only did the processing sector break the record, it was also the sharpest annual increase on record since the 1990s. Trade. Tomates aux Crevettes Grises. Keep reading to find out what some of the biggest exports from North Carolina were in 2020. 27 companies 333 Products SB-TRADING (BVBA)_M Belgium . It is a household staple thats integral to their culture, their landscape and their economy. 49 billion. Data are in current U.S. dollars. You should consider whether you can afford to take the high risk of losing your money. If youre already familiar with Belgiums most traded products and commodities, you can research ways to trade with resources at the end of this guide. Since companies have been investing in this sector for so long, their advances in Research and Development allowed the country to become a huge exporter of this kind of products. North America imported another 10.3%. 3M: Specialty chemicals and industrial abrasives. Just below them, in second place, was Germany with exports of 15.75 million hectolitres. With its major ports (Antwerp is the second largest port in Europe) and excellent logistical infrastructure, a significant portion of bilateral trade either originates in, or is destined for, other countries in Europe. Merchandise trade data for Belgium (BEL) All Products export to all countries (trading partner) including Trade Value, Product Share, Country Growth, World Growth, Revealed Comparative Advantage (RCA) for 2020 . Across the country, more than 3,500 Belgian farmers produce nearly 100,000 hectares of potatoes at an estimated value of 350 and 550 million euros ($394 and $620 million). Log in, Pharmaceuticals: US$96.3 billion (17.6% of total exports), Mineral fuels including oil: $51.5 billion (9.4%), Plastics, plastic articles: $39 billion (7.1%), Machinery including computers: $34.9 billion (6.4%), Gems, precious metals: $22.3 billion (4.1%), Electrical machinery, equipment: $18.2 billion (3.3%), Optical, technical, medical apparatus: $14.2 billion (2.6%), Pharmaceuticals: US$35 billion (Up by 249.9% since 2020), Plastics, plastic articles: $15.1 billion (Up by 44.8%), Iron, steel: $3.5 billion (Down by -13.9%), Vegetable/fruit/nut preparations: $2.4 billion (Up by 10.5%), Cereal/milk preparations: $2.4 billion (Up by 21.4%), Gems, precious metals: $2.2 billion (Up by 105.6%), Other chemical goods: $2.2 billion (Up by 12.5%), Soaps, washing preparations, lubricants, waxes: $1.7 billion (Up by 15.4%), Mineral fuels including oil: -US$19.3 billion (Up by 125.8% since 2020), Electrical machinery, equipment: -$9.6 billion (Up by 29.3%), Organic chemicals: -$5.8 billion (Reversing a $1.6 billion surplus), Machinery including computers: -$3.3 billion (Up by 59.1%), Ores, slag, ash: -$2.9 billion (Up by 106.1%), Furniture, bedding, lighting , signs, prefab buildings: -$1.8 billion (Up by 43.3%), Aircraft, spacecraft: -$1.2 billion (Up by 84.1%), Fruits, nuts: -$962 million (Down by -17.3%), BBL Shipping Belgium (mechanical shovels, excavators, shovel loaders), DHL Danzas Air Ocean Belgium (rubber/plastic molds, plastic boxes/cases, mechanical shovels), TPSA Co Tupperware Belgium (rubber/plastic molds, plastic boxes/cases/crates). Value. var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; Cars. 3. Belgium was the first country to undergo an Industrial Revolution on the continent of Europe in the early 19th century. Eurasian Economic Union. Our overview of Belgiums economy explores the countrys GDP statistics along with the most imported products and the most exported products. Top 10 Belgium Food to satiate your taste buds. We are talking about 25 billion euros, which is7,4 % of its export. document.write('<'+'div id="placement_193934_'+plc193934+'">'); Belgium's exports to Germany amounted to. The cost to ship a Car from Blegium to the USA starts at the price of $2195 USD, The price to ship a vehicle from Belgium to the US depends on the make, model, and measure of. Belgium: Browse through 57 potential providers in the import-export - food industry on Europages, a worldwide B2B sourcing platform. Exports The top exports of Belgium are Cars ($21.9B), Packaged Medicaments ($21.6B), Vaccines, blood, antisera, toxins and cultures ($21.3B), Refined Petroleum ($12.2B), and Diamonds ($8.86B), exporting mostly to Germany ($45.7B), France ($44.4B), Netherlands ($37.1B), United States ($24.7B), and United Kingdom ($20.1B). WatchITgrow combines satellite data with weather data, soil data, IoT data and field data that is provided by the grower to make decisions that help increase yields. They are one of two principal ethnic groups in Belgium, the other being the French-speaking Walloons. Belgium is also home to NATO headquarters and to the EU Commission and European Parliament. According to Belgapom, the . Top Destination (2020) United States $26.8B. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. Cargill: Chocolate and other food ingredients. In 2018, the Belgian potato processing sector achieved record growth, exceeding 5 million tons of processed potatoes. All rights reserved. In the meantime, Belgiums major players continue to work together in order to support sustained growth and investment in what has come to be part of their national identity alongside waffles, chocolate and beer. The U.S. in 2020 shipped $1.4 trillion in goods internationally, a -13% decline from 2019 but 12% higher since 2010. Margaret of Austria, Duchess of Savoy Political Figure. 1 / 30Pixabay #30. 2021. This represents11,4% of its total exports. Exports from Belgium in the 2018, were US $ 627.3 Million under HS code . document.write('<'+'div id="placement_193935_'+plc193935+'">'); Doing so will help them to strengthen the countrys agricultural sector. Petroleum gas accounts for 1.2% of Belgiums total annual exports and the country has a 3.6% share of a global market that is worth $127 billion each year. Mineral fuels including oil represents the fastest grower among the top 10 export categories, up by 109.2% from 2020 to 2021. In Asia and South America, a growing middle class is driving demand for convenience products, including Belgian fries. Brussels is often referred to as the capital of the EU. Export and import data from four countries in particular India, Belgium, Israel, and Dubai are considered to be the main barometer for the economic health of the diamond market and Antwerp is one of the key trading centers. Belgium is ranked as the 11th largest export economy in the world and enjoys a positive trade balance of $23.9 billion after deducting $371 billion worth of annual imports from its export total of $394 billion. In this case, we are talking about 35 billion euros per year, meaning 10,6% of its exports. $82.8 billion or 17.7% of its overall exports. Just below them, in second place, was . Belgium. Countries export most to: Belgium ($43.8 million), Germany ($43.5 million), Netherlands ($18.9 million) - Imports: $168.4 million (5.8% of imports) Exports The top exports of Belgium are Cars ($33.7B), Refined Petroleum ($25B), Packaged Medicaments ($24.2B), Blood, antisera, vaccines, toxins and cultures ($20.3B), and Diamonds ($12.8B), exporting mostly to Germany ($68.9B), France ($55.6B), Netherlands ($53.1B), United Kingdom ($33.3B), and United States ($25.1B). P.O. Image Source. Belgium has a well-developed free market economy, based on both industrial and service sectors. Belgium exports for 2021 was $512.00B, a 22.62% increase from 2020. Wherever possible, Belgapom has worked to foster communication between growers and the companies that execute their contracts. Germany is the second largest exporter to Belgium. var plc193937 = window.plc193937 || 0; Belgium shipment data shows about 75%) of Belgium's exports by value were delivered to fellow European countries while 10.7% were sold to importers in Asia. Belgium's top 10 exports accounted for over two-thirds (69.3%) of the overall value of its global shipments. Legitimate CFD brokers, like Plus500, cannot accept US clients by law, More Information About Belgiums Imports/Exports, Online Stock Brokers: How To Trade Shares, Nitrogen Heterocyclic Compounds $8.67 billion. This sector has a strong relation with the last one, meaning that the companies that export these products are related to the ones who exports pharmaceutics. See the structure of Belgium exports by countries and categories. There are also several thousand Flemish speakers in France. The country has been a member of a variety of supranational organizations, including the Belgium-Luxembourg Economic Union (BLEU), the Benelux Economic Union, and the EU. Belgium exports for 2020 was $417.56B, a 5.09% decline from 2019. Contents Import-export - food - Belgium Belgium. The exports statistics on left show Growth rate and average price of Petroleum exports to the Netherlands, Germany, United Kingdom, France, Togo as of Dec 2018. With the aim to improve quality and quantity, Belgian farmers continue to invest in sustainable cultivation practices and logistics. It is reputed to be the largest building constructed in the 19th century. Based on the average exchange rate for 2021, Belgium's official currency is the euro which appreciated by 5% against the US dollar since 2017 and strengthened by 3.9% from 2020 to 2021. In fact, the mere mention of frietjes can lead the most reserved Belgian to wax poetic, inspiring lengthy, almost romantic discussions on the best local frituur or how mayonnaise should be served: slathered on top or on the side. Not only will it require training, but also significant investment in potato storage. Belgian GDP advanced by 0.2% q/q in the second quarter, in line with market expectations and following a 0.5% expansion in the first quarter of 2022. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, and not mounted or set diamonds. . Flemish is spoken by approximately 5.5 million people in Belgium and by a few thousand people in France. EuroAdoption of the euro The euro banknotes and coins were introduced in Belgium on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as book money. According to Belgapom, the Belgian potato trade and processing industry association, in the French-speaking region of Wallonia, low cereal prices and a sharp decline in the cultivation of beets has made the potato one of the most important crops produced. Both the soil and the climate of northwestern Europe where Belgium is situated are perfect for potato production, which is why the region produces some of the highest yields in the world. Subsaharan Africa. This is one of the most expanding sectors in Belgium in recent years, since the raise of technology and computer technology has become a reality all over the world. Gold exports represent 0.42% of Belgiums exports and they have a 0.58% share of a global export market that is worth $288 billion and dominated by Switzerland (28%) and Hong Kong (19%). The top 5 of most exported products from Belgium are: The automotive sector in Belgium exports more than 38 billion every year. The difficulties faced in the 2018-19 growing season will continue to be felt in 2019, as the amount and quality of seed potato was also impacted. It was constructed from 1866 to 1883 on a surface area of 26,000m. Commodities are ranked by the highest value of exports in 2020 from West Virginia. Both neighbouring countries may be considered as one economic power, because of their trades, although Belgium stands for the majority of the export. The nations main crops include barley, corn, potatoes, sugar beets, wheat, and assorted fruits and vegetables. Major exports include motor vehicles, chemicals and pharmaceutical products, machinery, plastics, diamonds, food and livestock, textile products, and iron and steel.