Trade Policy and Regulations in Belgium
Foreign Trade in Figures
The Belgian economy is particularly open, foreign trade representing more than 180% of GDP. In addition to being an export champion, Belgium also plays an important role as a transit and distribution center for the other countries of the European Union.
Belgium's trade deficit, which was structurally in surplus but had been gradually worsening since 2002, reached a colossal deficit under the effects of the global recession. It has somewhat recovered with the resumption of exports.
Belgian international trade is primarily done within the European Union (nearly 80% of exports and imports). Its main trading partners are the Netherlands, Germany, France, Great Britain and the United States.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||351,635||411,558||466,307||351,944||390,156|
|Exports of Goods (million USD)||366,745||430,952||471,840||369,845||411,240|
|Imports of Services (million USD)||52,313||68,418||82,662||72,823||75,455|
|Exports of Services (million USD)||57,143||72,207||85,187||79,473||80,813|
|Imports of Goods and Services (Annual % Change)||5||5||3||-11||-|
|Exports of Goods and Services (Annual % Change)||3||4||-||-||-|
|Trade Balance (million USD)||3,357||615||-16,347||-2,939||-|
|Current Account (million USD)||8,035||7,041||-8,342||3,522||-|
|Foreign Trade (in % of GDP)||161||163||171||143||-|
|Imports of Goods and Services (in % of GDP)||78||80||85||70||-|
|Exports of Goods and Services (in % of GDP)||82||83||86||73||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||40.2%|
(% of Imports)
|Other partnersClose extended list||42.6%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Belgium is one of the founding members of the European Union, and has been one of the foremost proponents of regional economic integration.
- Assessment of Commercial Policy
Belgium and the WTO
Barriers to exchanges
- Average Customs Duty (Excluding Agricultural Products)
Operations carried out within the EEA are free of duty.
The Common Customs Tariff of the European Union applies to goods originating outside Europe. Generally the duty is relatively low, especially for industrial products (4.2% on average).
Consult the tariffs for EU origin.
- Useful Resources
Custom and excise Administration
Paperless custom and excises procedure official web site
- National Organization of Intellectual Property
- Office for intellectual property (OPRI)
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