Belgium Exports

Exports in Belgium increased to 32087.30 EUR Million in March of 2013 from 28567.80 EUR Million in February of 2013. Exports in Belgium is reported by the National Bank of Belgium. Historically, from 1993 until 2013, Belgium Exports averaged 19131.15 EUR Million reaching an all time high of 32752.90 EUR Million in March of 2012 and a record low of 7331.30 EUR Million in August of 1993. Foreign trade accounts for approximately 70 percent of Belgium’s economy. About 80% of Belgium's trade is with fellow EU member states. The major export commodity in Belgium is the automobile, medicament mixtures put in dosage, and not mounted or set diamonds. Belgium’s largest exports markets are European Union and United Sates. This page includes a chart with historical data for Belgium Exports.

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Exports | Notes

Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.










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