| Belgium Exports to United States | Value | Year |
|---|---|---|
| Pharmaceutical products | $14.67B | 2020 |
| Organic chemicals | $2.39B | 2020 |
| Machinery, nuclear reactors, boilers | $1.66B | 2020 |
| Pearls, precious stones, metals, coins | $1.19B | 2020 |
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What does US import from Belgium?
| United States Imports from Belgium | Value | Year |
|---|---|---|
| Pharmaceutical products | $10.18B | 2020 |
| Pearls, precious stones, metals, coins | $1.88B | 2020 |
| Machinery, nuclear reactors, boilers | $1.42B | 2020 |
| Organic chemicals | $1.23B | 2020 |
What do we import from Belgium?
Belgium imports raw materials and semi-finished goods that are further processed and re-exported.
Economy of Belgium.
| Statistics | |
|---|---|
| Imports | $473.1 billion (2019 est.) |
| Import goods | raw materials, machinery and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products |
Who does Belgium trade with the most?
Belgium top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| France | 62,674 | 14.08 |
| Netherlands | 53,670 | 12.05 |
| United Kingdom | 33,862 | 7.61 |
| United States | 27,650 | 6.21 |
What is Belgium biggest export?
Exports The top exports of Belgium are Cars ($33.7B), Refined Petroleum ($25B), Packaged Medicaments ($24.2B), Blood, antisera, vaccines, toxins and cultures ($20.3B), and Diamonds ($12.8B), exporting mostly to Germany ($68.9B), France ($55.6B), Netherlands ($53.1B), United Kingdom ($33.3B), and United States ($25.1B).
What is the total level of US investments in Belgium?
The total US investment stock in Belgium reached $63 billion in 2019. US investment in Belgium is heavily concentrated in the manufacturing sector, which makes up 57% of the investment stock. The Belgian investment stock in the US is more than $65 billion, with a similar predominance of the manufacturing sector.
What are some major imports and exports in Belgium?
Belgium imports raw materials, machinery, and equipment, chemicals, raw diamonds, pharmaceuticals, foodstuffs, transportation equipment, oil products. Its main imports partners are again the Netherlands, Germany and France, US, UK, and Ireland.
What products does Belgium import and export?
Belgium imports mainly machinery and equipment, chemicals, diamonds, pharmaceuticals, foodstuffs, transportation equipment and oil products. It major import partners are: European Union members (Germany, Netherlands, France, UK, Ireland) , United States and China.
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 trade agreements does Belgium have?
Comprehensive Economic and Trade Agreement (CETA)
CETA is a modern and progressive agreement for free and fair trade with high standards, respecting the shared values between Canada and the European Union, including Belgium.
What is Belgium known for?
Belgium is world-famous for its chocolate, waffles, beer, and its national football team, the Red Devils. Belgium is also home to NATO headquarters and to the EU Commission and European Parliament. Brussels is often referred to as the capital of the EU.
How much chocolate does Belgium export?
With around 2,000 chocolate companies and shops all over Belgium, the country remains one of the reigning producers and exporters of chocolate in the world. Based on available figures, Belgium exports more than 400,000 tons of chocolate with an annual turnover of over 4 billion euros.
How is Belgium doing economically?
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 goods do Belgium export?
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 economic system does Belgium have?
Belgium has a mixed economic system which includes a private-enterprise system, combined with centralized economic planning, and government regulation. Belgium is a member of the European Union (EU).
What is Belgium famous for producing?
Belgium is not only the land of waffles, beer, chocolate, and some of the best music festivals in the world but also of diamonds, surreal folk festivals, and a record-breaking political gridlock.
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 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 crops do they grow 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 cars are made in Belgium?
Belgium has a long and consolidated history in the automotive business and remains as a major actor in car production. The assembly plants are spread all over the country, with Ford Genk, Van Hull (bus), Opel Antwerp, Ghent Volvo Europe, Audi Forest/Brussels, and Trucco plants.
What Belgium trades with France?
During 2019, Belgium had a large net trade with France in the exports of Chemical Products ($9.28B), Mineral Products ($7.6B), and Metals ($5.86B). During 2019, France had a large net trade with Belgium in the exports of Chemical Products ($7.34B), Transportation ($6.24B), and Machines ($5.05B).
