Trade. Among Belgium’s main imports are raw materials (including petroleum), motor vehicles, chemicals, textiles, and food products. Major exports include motor vehicles, chemicals and pharmaceutical products, machinery, plastics, diamonds, food and livestock, textile products, and iron and steel.
What are Belgium’s major imports and exports?
In the long-term, the Belgium Imports is projected to trend around 33500.00 EUR Million in 2022 and 34400.00 EUR Million in 2023, according to our econometric models. Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products.
What is Belgium known for producing?
The nation’s main crops include barley, corn, potatoes, sugar beets, wheat, and assorted fruits and vegetables. Sugar beets, potatoes, and barley are the main staples. In 1999, the country produced 6.15 million metric tons of sugar beets, 2.7 million metric tons of potatoes, and 1.63 million tons of wheat.
What goods are exported imported from Belgium?
Top 10 Export Goods
|HS Code||Export USD$|
|(71) Precious Stones & Metals||$18,142,498,696|
|(72) Iron & Steel||$17,038,884,018|
|(85) Electrical Machinery||$15,533,674,436|
|(90) Precision Instruments||$13,054,976,782|
What food does Belgium export?
As of 2019, a wide range of food and beverage products were exported from Belgium. Dairy products accounted for the largest share of export products in 2019, at 12 percent. Meanwhile, fish and grain exports were significantly lower, accounting for below five percent of total exports combined.
What products are made in Belgium?
13 products that are made in Belgium
- 3M: Specialty chemicals and industrial abrasives. …
- Axalta: Industrial liquid coatings. …
- Baxter: Parenteral bags and solutions. …
- Cargill: Chocolate and other food ingredients. …
- Coca-Cola: Non-alcoholic beverages. …
- ExxonMobil: Petrochemicals, fuels and lubricants.
What is Belgium’s main industry?
Metallurgy, steel, textiles, chemicals, glass, paper, and food processing are the dominant industries. Belgium is one of the world’s leading processors of cobalt, radium, copper, zinc, and lead. Refineries, located principally in the Antwerp area, process crude petroleum.
What are the main crops grown in Belgium?
The main crops that can be found in Belgium are wheat, barley, potatoes, sugar beet and maize. The growing season strongly depends of the crop type: as winter crops, wheat and barley can be found between November and July, whereas maize and sugar beet can be observed from March to September as summer crops.
What is Belgium’s economy based on?
Belgium has a well-developed free market economy, based on both industrial and service sectors. It is heavily dependent on international trade and most of its economic sectors are geared toward exporting products. The nation’s exports are equivalent to almost two-thirds of its GNP.
What are Belgium’s natural resources?
Belgium. Belgium’s natural resources are limited to coal and natural gas. The country has 161 km of crude oil pipelines, 1,167 km of petroleum product pipelines, and 3,300 km of natural gas pipelines. Due to the fact that it has so little natural resources, the country has to import large amounts of raw materials.
What are France’s biggest exports?
List of exports of France
|1||Aircraft, helicopters, and spacecraft||43,972|
Who does Belgium trade with the most?
Belgium top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
What is Belgium’s largest import?
- Pharmaceuticals: US$51.4 billion (13% of total imports)
- Vehicles: $49.7 billion (12.6%)
- Mineral fuels including oil: $33.2 billion (8.4%)
- Machinery including computers: $31.6 billion (8%)
- Organic chemicals: $25 billion (6.3%)
- Electrical machinery, equipment: $23.1 billion (5.8%)
Does Belgium import or export more?
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. The GDP of Belgium is calculated as $466 billion and that equates to a GDP per capita of $46,400.
What does Belgium trade with other countries?
Belgium – Foreign trade
Its imports are general manufactures, foodstuffs, diamonds, metals and metal ores, petroleum and petroleum products, chemicals, clothing, machinery, electrical equipment, and motor vehicles. Belgium is partnered with Luxembourg in the BLEU. Netherlands usurped that position from Germany.