International Trade in Belgium

International Trade in Belgium

Following the year 2009, most chaotic regarding the economy and marked by the global recession, the GDP growth has again become positive in 2010. It is estimated at 1.6% and is lead by strong public spending and the newly-found dynamism of international trade. Prospects for 2011 are hardly... Read more

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Market Analyses About Belgium (125)

Import and Export Services in Belgium (762)

  • Map Relocations

    Map Relocations

    Expat Assistance, Belgium

    Map Relocations is an independent relocation company operating in the Benelux region. Our highly skilled, responsive, customer focussed...
  • uk design studio

    uk design studio

    Media/Graphic Design, Belgium

    Graphic Design Agency, providing creative services for established and entrepreneurial brands, businesses. We develop strategy-based...

Business Tips About Belgium (97)

Agents and Distributors in Belgium (35)

  • XL Group, Inc.

    XL Group, Inc.

    Distributors, Belgium

    XL Group buys products from small & medium manufacturers and resells them overseas by partnering with importer / wholesalers and...
  • AW SUNNY STEEL

    AW SUNNY STEEL

    Metal Sales and Distribution, Belgium

    sunnyofsteel at g m a i l c o m Excellent in nickel monel inconel incoloy hastelloy duplex stainless steel pipe tube flange flanges...

Overview About International Trade in Belgium

Main Industry Sectors

The Belgian economy is largely orientated towards services. In fact, the tertiary sector accounts for almost three fourths of the national wealth. Brussels, which is home to several European institutions, numerous diplomatic missions and different interest groups, has created an economy which is based essentially on services.

 

The industrial sector accounts for practically a fourth of the GDP. There are significant discrepancies between the three Belgian regions. While Flanders has succeeded in developing the second largest petro-chemical sector in the world, Wallonia is in the middle of restructuring, following the closure of several collieries and a large number of steel industries. Brussels distinguishes itself in the areas of telecommunication, software development and in pharmaceutical and automobile industry.

Agriculture contributes a small amount to the Belgian economy.

 

Economic Overview

Following the year 2009, most chaotic regarding the economy and marked by the global recession, the GDP growth has again become positive in 2010. It is estimated at 1.6% and is lead by strong public spending and the newly-found dynamism of international trade. Prospects fo...

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