Belgium Net Trade (Goods & Services, BoP)
Belgium's net trade (goods & services, bop) rose to $-5.57 billion in 2024, up from $-3.92 billion in 2023, according to World Bank. This represents an increase of 42.2% ($1.65 billion) from the previous year. Belgium has net trade (goods & services, bop) lower than the global median (-$5.57 billion vs median -$215.12 million). Compared with the median in Europe, Belgium is lower (-$5.57 billion vs regional median $1.60 billion) and ranks 40th out of 44 countries in Europe.
Yearly Historical Data (2002-2024)
(in Billion USD)Belgium Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Belgium, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.