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27 September 2024
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Key Indicators
- 32,153,326
- 279,020
- Export Trading Partners236
- 21,247,163
- 106,425
- Import Trading Partners236
Overview
Belgium: European Nexus of Trade and Innovation
Nestled at the heart of Europe, Belgium stands as a key player in the global trade arena, ranking 17 globally in GDP in 2024. The country's trade landscape is shaped by its strategic location and advanced infrastructure.
Introduction:
Belgium, strategically positioned at the heart of Europe, is a crucial gateway for international trade. Its key import sectors include machinery, chemicals, and consumer goods, essential for sustaining its advanced industrial base and serving the vast European market.
Economic Overview:
As the 24th largest economy globally, Belgium boasts a highly developed and open economy. Major industries include pharmaceuticals, automotive, and petrochemicals. Imports are critical to these sectors, influencing over 80% of GDP through direct and indirect trade activities. Belgium is also focusing on digital innovation and environmental sustainability, which may shape future import needs.
Political and Regulatory Environment:
Belgium's stable political climate and its role as a hub for EU policymaking contribute positively to its trade policies. Recent EU-wide agreements and local regulations aim to simplify imports while focusing on sustainability and digital trade, impacting import dynamics significantly.
Opportunities and Challenges for Exporters:
Exporters to Belgium can benefit from its demand for high-tech machinery and ecological products. Challenges include stringent EU regulations and competition in a saturated market.
Positives:
1. Central European Hub: Belgium's central position within Europe makes it a gateway for trade, connecting various European markets and facilitating cross-border commerce.
2. Logistics Excellence: With a well-developed transportation network and efficient logistics systems, Belgium boasts one of the most advanced and interconnected logistics hubs in Europe.
3. Multilingual Workforce: Belgium's multilingual workforce enhances international business relations, contributing to a business-friendly environment for trade and investment.
Negatives:
1. High Density: The country's small size and high population density can lead to space limitations and potential challenges in accommodating industrial growth.
2. Regulatory Complexities: Belgium's complex administrative procedures may pose challenges for businesses, impacting the ease of doing business.
3. External Dependency: The openness of the Belgian economy makes it susceptible to external economic fluctuations, influencing trade dynamics and stability.
Belgium import export data, including buyer and supplier names, is available on the Volza Platform.
Belgium import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In August 2023, Belgium ranked 13th in global imports, with imports valued at 281.59 billion, representing a -25% growth from August 2022.From August 2023 to August 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 281.59 billion, marking a -39% YOY growth from 2023. Sources of these imports were Netherlands, Germany, France, USA, Ireland, Italy, United Kingdom, China, Switzerland, Spain. Imported products were Mineral fuels and oils, Pharmaceutical products, Vehicles and Parts other than railway or tramway. Suppliers were DIMEXON ANTWERP N V, ROSY BLUE NV, and V B R SECO TOOLS AB. Importers in Belgium were Netherlands: 20.6%, Germany: 12.5%, and France: 11.5%.
Top 10 Import Products:
- Crude Petroleum (HS code: 2709) - Supports energy sector.
- Cars (HS code: 8703) - Vital for automotive industry.
- Packaged Medicaments (HS code: 3004) - Crucial for healthcare.
- Diamonds (HS code: 7102) - Central to gem trade.
- Human or Animal Blood (HS code: 3002) - Important for medical research.
- Refined Petroleum (HS code: 2710) - Energy needs.
- Broadcasting Equipment (HS code: 8525) - Media and communication.
- Computers (HS code: 8471) - IT and tech sectors.
- Vaccines (HS code: 3002) - Public health requirement.
- Plastics (HS code: 3901) - Wide industrial use.
Top Buyers from Belgium:
VOLVO LOGISTICS CORPORATION, TURBO S HOET PARTS NV, SAFRAN AERO BOOSTERS SA
Solution for Global Exporters:
Utilize Volza’s online import data for Belgium to navigate this complex market efficiently. Our platform offers detailed insights into the trade dynamics, helping exporters identify opportunities and adapt strategies quickly. Visit Volza for comprehensive market analysis and support in maximizing your trade potential.
"Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 01, Mar, 2024
Source : Volza Import Data
Belgium
Import Data
Import Data
21,247,163 Bill of Ladings, 106,425 Buyers & 279,020 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Search Import Export Data
Reach out to the Belgium Import market Identify verified and active business partners in Belgium
Belgium Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
TUNGSTEN CARBIDE INSERT - SCMT12040 |   India | 30-04-2024 | |
TUNGSTEN CARBIDE INSERT - LCMF13030 | India | 30-04-2024 | |
BURGLAR OR FIRE ALARM DEVICES, MTPADPBK- | 30-04-2024 | ||
BURGLAR OR FIRE ALARM DEVICES, MTTS 12/2 | 30-04-2024 | ||
I-F-RSE-12-S00012 / FUEL FILTER FILTER E | 30-04-2024 | ||
BURGLAR OR FIRE ALARM DEVICES, BIOPROX-U | 30-04-2024 |
Top 10 Importers
Belgium Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Belgium. To assist you in identifying the leading importers in Belgium, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Belgium are companies like DIMEXON ANTWERP N V, ROSY BLUE NV , and V B R SECO TOOLS AB. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Belgium Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 519,551 | |
2 | 189,606 | |
3 | 127,598 | |
4 | 110,680 | |
5 | 106,172 | |
6 | 100,221 | |
7 | 94,566 | |
8 | 84,172 | |
9 | 66,210 | |
10 | 53,661 |
Data Source : Volza Import Data
Top 10 Import Products
Belgium Top 10 Import Products
As the Belgium import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 46.53%
- Round Cut Diamond: 17.81%
- Automobile Component: 14.88%
- Led Part For Led: 8.64%
- Presenter Box: 8.26%
- Wooden Door: 1.69%
- Polyester Strap: 0.75%
- Gear Set: 0.70%
- Turning Holder: 0.53%
- Carbide Turning Insert: 0.20%
Belgium Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | Round Cut Diamond | 4,915,650 |
3 | Automobile Component | 4,108,511 |
4 | LED Part for LED | 2,385,066 |
5 | PRESENTER BOX | 2,280,631 |
6 | WOODEN DOOR | 465,124 |
7 | Polyester Strap | 208,347 |
8 | Gear Set | 193,697 |
9 | TURNING HOLDER | 145,896 |
10 | Carbide Turning Insert | 55,589 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Belgium
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Belgium Top 1 Import Trading Partners
Belgium trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 6,232,717).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Belgium had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Belgium import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Belgium’s major imports from India include PRESENTER BOX, Automobile Component, COTTON KNITTING YARN, WOODEN DOOR, Polyester Strap, LED Part for LED, Gear Set, TURNING HOLDER, Round Cut Diamond, Carbide Turning Insert, products. The provided chart below breaks down the values in percentile of Belgium’s top 1 import partners for 2024.
Belgium Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Belgium Import Data Sample record
Belgium import data covers all important shipping details that are essential for businesses to find importers in Belgium, analyze market trends and identify potential industries. Belgium trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Belgium import data sample with complete number of fields available in data.
Belgium Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 82090010
- Quantity:
- 1,040
- Quantity Unit:
- NOS
- Value FC:
- 135,054.4
- Value:
- HS Descirption:
- Plates, sticks, tips and the like for tools, unmounted, of cermets
- Exporter:
- SECO TOOLS INDIA PVT LTD
- Importer:
- SECO TOOLS AB ADC
Data Source : Volza Import Data
Belgium Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Belgium Top 10 Import Ports
Belgium's global import trade operates through over 10 ports. Antwerpen stands as the predominant port, handling 4,763,982 import shipments, which constitutes a 77.21% market share. Brussels follows with an 19.60% share, accounting for 1,209,183 shipments, while Zeebrugge contributes a 0.85% market share with its 52,553 shipments. For detailed import trade statistics of each port in Belgium, refer to the provided links below. Collectively, these ports underscore the integrated nature of Belgium's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Belgium.
Belgium Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Belgium
- 21,247,163
- Date
- 30-04-2024
- Shipper Name
- SECO TOOLS AB ADC
- Consignee Name
- SECO TOOLS INDIA PVT LTD
- Weight Unit
- NOS
- Quantity
- 1,040
- Shipment Origin
- India
- Port of origin
- Bombay Air