Trade Balance in Belgium

Belgium Trade Balance | Economic News & Forecasts

Belgium - Trade Balance

Economic growth gained steam in quarter-on-quarter terms in the third quarter, mainly due to swifter expansions in both private and public spending. That said, a complicated domestic situation paints a less positive picture for activity in Q4: A spike in price pressures in October–November and gradually deteriorating consumer confidence in the quarter will have likely weighed on private spending. Moreover, the most recent wave of Covid-19 infections kept business confidence subdued in both October and November, possibly capping capital spending. The ongoing surge in new cases also prompted the government to tighten restrictions for the third time in recent weeks on 3 December, mainly focusing on the education sector. Furthermore, authorities are contemplating even tougher measures for the holidays, as neighboring countries continue to impose similar restrictions.

Belgium - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)21.3  19.0  21.2  13.6  19.0  

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Belgium Trade Balance Chart


Belgium Trade
Note: Trade balance (in EUR bn).
Source: National Bank of Belgium.

Belgium Facts

Value Change Date
Bond Yield0.100.15 %Dec 31
Exchange Rate1.120.65 %Dec 31

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