Belgium Balance of Trade
Belgium's trade surplus fell by 70.8% to €1.02 billion in August 2025, the lowest in five months, down from €3.49 billion in July 2025. Exports declined, especially to the United States, due to new tariffs on chemicals and transport equipment. High energy costs also impacted energy-intensive industries. The National Bank of Belgium expects net exports to continue hindering economic growth amid a worsening international environment. Belgium's record low balance of trade was -€2.52 billion in August 2022 and record high was €4.84 billion in September 2023.
Monthly Historical Data (1993-2025)
(in Billion EUR)| Month | Balance of Trade (Billion EUR) |
|---|---|
| Aug 2025 | 1 |
| Jul 2025 | 3.5 |
| Jun 2025 | 1.8 |
| May 2025 | 2.5 |
| Apr 2025 | 4.4 |
| Mar 2025 | 0 |
| Feb 2025 | 3.1 |
| Jan 2025 | 1.1 |
| Dec 2024 | 1.7 |
| Nov 2024 | 1.8 |
| Oct 2024 | 3.9 |
| Sep 2024 | 3.8 |
| Aug 2024 | 1.4 |
| Jul 2024 | 4.7 |
| Jun 2024 | 1.1 |
| May 2024 | 2.7 |
| Apr 2024 | -0.4 |
| Mar 2024 | 2.3 |
| Feb 2024 | 2.8 |
| Jan 2024 | 1.8 |
| Dec 2023 | 1.4 |
| Nov 2023 | 1.2 |
| Oct 2023 | 2.3 |
| Sep 2023 | 4.8 |
| Aug 2023 | 1 |
| Jul 2023 | 2.2 |
| Jun 2023 | 0.8 |
| May 2023 | 1.1 |
| Apr 2023 | -1.4 |
| Mar 2023 | 1.3 |
| Feb 2023 | 0.7 |
| Jan 2023 | -0.5 |
| Dec 2022 | 1.2 |
| Nov 2022 | 2 |
| Oct 2022 | 2.6 |
| Sep 2022 | 3.4 |
| Aug 2022 | -2.5 |
| Jul 2022 | -1.1 |
| Jun 2022 | 1.6 |
| May 2022 | 3 |
| Apr 2022 | 0.1 |
| Mar 2022 | 1.8 |
| Feb 2022 | 2.4 |
| Jan 2022 | 1.7 |
| Dec 2021 | -0.1 |
| Nov 2021 | -1.5 |
| Oct 2021 | 1 |
| Sep 2021 | 2.3 |
| Aug 2021 | 1.8 |
| Jul 2021 | 3.1 |
| Jun 2021 | 3.2 |
| May 2021 | 1.1 |
| Apr 2021 | 2.8 |
| Mar 2021 | 2.4 |
| Feb 2021 | 0.6 |
| Jan 2021 | 1.4 |
| Dec 2020 | 0.8 |
| Nov 2020 | 1.3 |
| Oct 2020 | 3.7 |
| Sep 2020 | 2.4 |
| Aug 2020 | 1.2 |
| Jul 2020 | 2.4 |
| Jun 2020 | 2.4 |
| May 2020 | 1 |
| Apr 2020 | 0.4 |
| Mar 2020 | 2 |
| Feb 2020 | 1.9 |
| Jan 2020 | 1.2 |
| Dec 2019 | 0.8 |
| Nov 2019 | 1.7 |
| Oct 2019 | 2 |
| Sep 2019 | 1.8 |
| Aug 2019 | 1.5 |
| Jul 2019 | 2.1 |
| Jun 2019 | 1.1 |
| May 2019 | 1.2 |
| Apr 2019 | 0.4 |
| Mar 2019 | 1.1 |
| Feb 2019 | 1.4 |
| Jan 2019 | 1 |
| Dec 2018 | -0.8 |
| Nov 2018 | 0 |
| Oct 2018 | 1.1 |
| Sep 2018 | 1.4 |
| Aug 2018 | 0.5 |
| Jul 2018 | 1 |
| Jun 2018 | 2 |
| May 2018 | 1.4 |
| Apr 2018 | 1 |
| Mar 2018 | 0.9 |
| Feb 2018 | 1.4 |
| Jan 2018 | 1.1 |
| Dec 2017 | 0.6 |
| Nov 2017 | 2.4 |
| Oct 2017 | 1.6 |
| Sep 2017 | 1.5 |
| Aug 2017 | 1.2 |
| Jul 2017 | 2.2 |
| Jun 2017 | 2.4 |
| May 2017 | 1.7 |
| Apr 2017 | 1.1 |
| Mar 2017 | 2.1 |
| Feb 2017 | 1.3 |
| Jan 2017 | -0.1 |
| Dec 2016 | 1.3 |
| Nov 2016 | 1.7 |
| Oct 2016 | 1.5 |
| Sep 2016 | 1.9 |
| Aug 2016 | -0.8 |
| Jul 2016 | 1.6 |
| Jun 2016 | 1.7 |
| May 2016 | 1.8 |
| Apr 2016 | 1.7 |
| Mar 2016 | 2 |
| Feb 2016 | 1.2 |
| Jan 2016 | 1.5 |
| Dec 2015 | 1.5 |
| Nov 2015 | 1.1 |
| Oct 2015 | 2 |
| Sep 2015 | 2.2 |
| Aug 2015 | 0.6 |
| Jul 2015 | 2.4 |
| Jun 2015 | 2 |
| May 2015 | 1.6 |
| Apr 2015 | 1.9 |
| Mar 2015 | 0.9 |
| Feb 2015 | 2.2 |
| Jan 2015 | 0.8 |
| Dec 2014 | -0.2 |
| Nov 2014 | 1.5 |
| Oct 2014 | 2.3 |
| Sep 2014 | 1.4 |
| Aug 2014 | -0.6 |
| Jul 2014 | 2.1 |
| Jun 2014 | 1.2 |
| May 2014 | 1.8 |
| Apr 2014 | 1.7 |
| Mar 2014 | 1.1 |
| Feb 2014 | 1.2 |
| Jan 2014 | 0.3 |
| Dec 2013 | 0 |
| Nov 2013 | 1.7 |
| Oct 2013 | 1.4 |
| Sep 2013 | 2.9 |
| Aug 2013 | 0.4 |
| Jul 2013 | 2.4 |
| Jun 2013 | 1.1 |
| May 2013 | 2 |
| Apr 2013 | 1.3 |
| Mar 2013 | 0.2 |
| Feb 2013 | 0.2 |
| Jan 2013 | 0 |
| Dec 2012 | -0.8 |
| Nov 2012 | -0.9 |
| Oct 2012 | 0.5 |
| Sep 2012 | 1.2 |
| Aug 2012 | 0 |
| Jul 2012 | 1.1 |
| Jun 2012 | 1.2 |
| May 2012 | 0.3 |
| Apr 2012 | 1 |
| Mar 2012 | 1.2 |
| Feb 2012 | 0.8 |
| Jan 2012 | -0.2 |
| Dec 2011 | -0.5 |
| Nov 2011 | 0.2 |
| Oct 2011 | 1.3 |
| Sep 2011 | 0.7 |
| Aug 2011 | -0.3 |
| Jul 2011 | 1.5 |
| Jun 2011 | 0.9 |
| May 2011 | 0.4 |
| Apr 2011 | 0.8 |
| Mar 2011 | 0.9 |
| Feb 2011 | 0.7 |
| Jan 2011 | -0.1 |
| Dec 2010 | -0.7 |
| Nov 2010 | 0.3 |
| Oct 2010 | 1.2 |
| Sep 2010 | 1.7 |
| Aug 2010 | 0.4 |
| Jul 2010 | 1.5 |
| Jun 2010 | 1.8 |
| May 2010 | 0.8 |
| Apr 2010 | 1 |
| Mar 2010 | 1.9 |
| Feb 2010 | 1.3 |
| Jan 2010 | 0.7 |
| Dec 2009 | 0.5 |
| Nov 2009 | 1.7 |
| Oct 2009 | 0.8 |
| Sep 2009 | 1.5 |
| Aug 2009 | 0.4 |
| Jul 2009 | 2.1 |
| Jun 2009 | 1.8 |
| May 2009 | 1 |
| Apr 2009 | 1.3 |
| Mar 2009 | 0.5 |
| Feb 2009 | 0.6 |
| Jan 2009 | -0.3 |
| Dec 2008 | -0.7 |
| Nov 2008 | -0.6 |
| Oct 2008 | 0.1 |
| Sep 2008 | 0.3 |
| Aug 2008 | -1 |
| Jul 2008 | 0.7 |
| Jun 2008 | 0.6 |
| May 2008 | 0.9 |
| Apr 2008 | 0.8 |
| Mar 2008 | 0.3 |
| Feb 2008 | 1.9 |
| Jan 2008 | 0 |
| Dec 2007 | -0.7 |
| Nov 2007 | 0.9 |
| Oct 2007 | 0.8 |
| Sep 2007 | 2 |
| Aug 2007 | 0.7 |
| Jul 2007 | 1.8 |
| Jun 2007 | 1.8 |
| May 2007 | 1 |
| Apr 2007 | 0.9 |
| Mar 2007 | 1.8 |
| Feb 2007 | 1.7 |
| Jan 2007 | 1.1 |
| Dec 2006 | 0.7 |
| Nov 2006 | 0.5 |
| Oct 2006 | 1.3 |
| Sep 2006 | 1.7 |
| Aug 2006 | -0.1 |
| Jul 2006 | 1.7 |
| Jun 2006 | 1.8 |
| May 2006 | 1.4 |
| Apr 2006 | 0.8 |
| Mar 2006 | 0.5 |
| Feb 2006 | 0.6 |
| Jan 2006 | 0 |
| Dec 2005 | -0.3 |
| Nov 2005 | 0.5 |
| Oct 2005 | 2.1 |
| Sep 2005 | 1.8 |
| Aug 2005 | -0.1 |
| Jul 2005 | 1.8 |
| Jun 2005 | 1.4 |
| May 2005 | 1.3 |
| Apr 2005 | 1.8 |
| Mar 2005 | 1.3 |
| Feb 2005 | 1 |
| Jan 2005 | 0.8 |
| Dec 2004 | 1.1 |
| Nov 2004 | 1.4 |
| Oct 2004 | 2.2 |
| Sep 2004 | 1.4 |
| Aug 2004 | 0.1 |
| Jul 2004 | 2 |
| Jun 2004 | 1.1 |
| May 2004 | 1.7 |
| Apr 2004 | 1.6 |
| Mar 2004 | 1.6 |
| Feb 2004 | 1.7 |
| Jan 2004 | 1.2 |
| Dec 2003 | 0.8 |
| Nov 2003 | 1.2 |
| Oct 2003 | 1.9 |
| Sep 2003 | 2.5 |
| Aug 2003 | 0.4 |
| Jul 2003 | 2.3 |
| Jun 2003 | 2 |
| May 2003 | 1.8 |
| Apr 2003 | 1.5 |
| Mar 2003 | 1.7 |
| Feb 2003 | 1 |
| Jan 2003 | 1.2 |
| Dec 2002 | 0.2 |
| Nov 2002 | 1.2 |
| Oct 2002 | 2.3 |
| Sep 2002 | 2.3 |
| Aug 2002 | 0.5 |
| Jul 2002 | 2.5 |
| Jun 2002 | 1.8 |
| May 2002 | 1.8 |
| Apr 2002 | 1.5 |
| Mar 2002 | 1.8 |
| Feb 2002 | 1.4 |
| Jan 2002 | 1.5 |
| Dec 2001 | 0.5 |
| Nov 2001 | 1.3 |
| Oct 2001 | 1.9 |
| Sep 2001 | 1.7 |
| Aug 2001 | 0.4 |
| Jul 2001 | 1.9 |
| Jun 2001 | 1.5 |
| May 2001 | 0.7 |
| Apr 2001 | 0.5 |
| Mar 2001 | 1.6 |
| Feb 2001 | 0.7 |
| Jan 2001 | 0.4 |
| Dec 2000 | 0.3 |
| Nov 2000 | 0.1 |
| Oct 2000 | 1.8 |
| Sep 2000 | 2 |
| Aug 2000 | -0.6 |
| Jul 2000 | 1.6 |
| Jun 2000 | 1.3 |
| May 2000 | 1.1 |
| Apr 2000 | 1.1 |
| Mar 2000 | 1.4 |
| Feb 2000 | 0.7 |
| Jan 2000 | 0.9 |
| Dec 1999 | 0.5 |
| Nov 1999 | 0.7 |
| Oct 1999 | 1.3 |
| Sep 1999 | 1.9 |
| Aug 1999 | 0.4 |
| Jul 1999 | 1.9 |
| Jun 1999 | 1.6 |
| May 1999 | 0.8 |
| Apr 1999 | 1.1 |
| Mar 1999 | 1.5 |
| Feb 1999 | 0.8 |
| Jan 1999 | 1 |
| Dec 1998 | 0.9 |
| Nov 1998 | 0.6 |
| Oct 1998 | 1.2 |
| Sep 1998 | 1.4 |
| Aug 1998 | 0 |
| Jul 1998 | 1.7 |
| Jun 1998 | 1.4 |
| May 1998 | 1.3 |
| Apr 1998 | 1.1 |
| Mar 1998 | 1.4 |
| Feb 1998 | 0.8 |
| Jan 1998 | 1.2 |
| Dec 1997 | 0.2 |
| Nov 1997 | 1 |
| Oct 1997 | 1.5 |
| Sep 1997 | 1.8 |
| Aug 1997 | 0.6 |
| Jul 1997 | 2 |
| Jun 1997 | 1.2 |
| May 1997 | 0.7 |
| Apr 1997 | 1.1 |
| Mar 1997 | 1 |
| Feb 1997 | 1 |
| Jan 1997 | 0.9 |
| Dec 1996 | 0.2 |
| Nov 1996 | 1.1 |
| Oct 1996 | 1.2 |
| Sep 1996 | 1.1 |
| Aug 1996 | -0.1 |
| Jul 1996 | 1.3 |
| Jun 1996 | 0.9 |
| May 1996 | 0.8 |
| Apr 1996 | 0.8 |
| Mar 1996 | 0.6 |
| Feb 1996 | 0.7 |
| Jan 1996 | 0.5 |
| Dec 1995 | 0.4 |
| Nov 1995 | 0.8 |
| Oct 1995 | 1.3 |
| Sep 1995 | 1.3 |
| Aug 1995 | 0.1 |
| Jul 1995 | 1.2 |
| Jun 1995 | 1.3 |
| May 1995 | 1.2 |
| Apr 1995 | 0.7 |
| Mar 1995 | 1.4 |
| Feb 1995 | 1.1 |
| Jan 1995 | 1 |
| Dec 1994 | 0.7 |
| Nov 1994 | 1.3 |
| Oct 1994 | 1.2 |
| Sep 1994 | 1.1 |
| Aug 1994 | -0.1 |
| Jul 1994 | 1.1 |
| Jun 1994 | 1.2 |
| May 1994 | 1.2 |
| Apr 1994 | 0.8 |
| Mar 1994 | 1 |
| Feb 1994 | 0.8 |
| Jan 1994 | 0.9 |
| Dec 1993 | 0.5 |
| Nov 1993 | 0.9 |
| Oct 1993 | 1.2 |
| Sep 1993 | 1.4 |
| Aug 1993 | -0.1 |
| Jul 1993 | 1.1 |
| Jun 1993 | 1.3 |
| May 1993 | 0.9 |
| Apr 1993 | 0.8 |
| Mar 1993 | 0.6 |
| Feb 1993 | 0.5 |
| Jan 1993 | 0.7 |
Recent Events
| datetime | event | actual | previous | consensus |
|---|---|---|---|---|
| 2025-10-15 05:20 AM | Balance of Trade (Aug) | €1018.8M | €3493.5M | - |
| 2025-09-15 05:55 AM | Balance of Trade (Jul) | €2148.1M | €1832.4M | - |
Next Release Date :
Belgium Balance of Trade : Definition
Belgium's balance of trade shows the difference between its exports and imports of goods and services, denominated in EUR. A positive value indicates a trade surplus, whereas a negative value signals a deficit.
Related Indicators
| Indicator | Last Value | Prior Value | Period |
|---|---|---|---|
| Annual Exports | $377.27B | $393.16B | 2024 |
| Annual Imports | $366.89B | $415.14B | 2024 |
| Exports | €36.4B | €43.1B | Aug'25 |
| Exports (% GDP) | 79.22% | 84.18% | 2024 |
| FDI Inflows (% GDP) | -5.35% | -0.43% | 2024 |
| Imports | €35.4B | €39.6B | Aug'25 |
| Imports (% GDP) | 79.23% | 84.78% | 2024 |
| Net Trade (Goods & Services, BoP) | -$5.57B | -$3.92B | 2024 |
| Tariff Rate | 1.95% | 2.24% | 2022 |
| Trade (% GDP) | 158.45% | 168.96% | 2024 |