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Belgium Trade (% GDP)

Belgium's trade (% GDP) fell to 158.45% in 2024, down from 168.96% in 2023, according to World Bank. This represents a decrease of 10.51% from the previous year. Belgium has the 15th highest trade (% GDP). Within Europe, it ranks 7th out of 44 countries.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 158.45%
2023 168.96%
2022 191.94%
2021 177.38%
2020 156.95%
2019 165.47%
2018 168.28%
2017 166.9%
2016 159.06%
2015 155.07%
2014 158.57%
2013 157.57%
2012 160.38%
2011 160.77%
2010 150.16%
2009 135.14%
2008 161.09%
2007 152.47%
2006 149.57%
2005 144.53%
2004 136.92%
2003 132.72%
2002 136.09%
2001 139.58%
2000 142.23%
1999 125.17%
1998 124.71%
1997 125.69%
1996 119.21%
1995 116.38%
1994 113.23%
1993 109.01%
1992 115.07%
1991 118.59%
1990 121.47%
1989 124.94%
1988 116.42%
1987 109.92%
1986 112.33%
1985 123.88%
1984 128.23%
1983 120.4%
1982 117.93%
1981 110.22%
1980 103.06%
1979 101.57%
1978 92.31%
1977 95.68%
1976 96.82%
1975 91.52%
1974 105.27%
1973 94.14%
1972 85.21%
1971 85.58%
1970 87.73%
Belgium Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Belgium divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $377.27B $393.16B 2024
Annual Imports $366.89B $415.14B 2024
Balance of Trade €1B €3.5B Aug'25
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