Metallurgy, steel, textiles, chemicals, glass, paper, and food processing are the dominant industries. Belgium is one of the world’s leading processors of cobalt, radium, copper, zinc, and lead. Refineries, located principally in the Antwerp area, process crude petroleum.
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What is the main export of Belgium?
Cars
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 Belgium main source of income?
Despite the heavy industrial component, services account for 74.9% of GDP, while agriculture accounts for only 1% of GDP. With exports equivalent to over two-thirds of GNP, Belgium depends heavily on world trade.
What products are popular in Belgium?
Top 10
- Pharmaceuticals: US$61.3 billion (14.6% of total exports)
- Vehicles: $50.2 billion (11.9%)
- Machinery including computers: $29.6 billion (7%)
- Plastics, plastic articles: $27.5 billion (6.5%)
- Organic chemicals: $26.6 billion (6.3%)
- Mineral fuels including oil: $24.6 billion (5.9%)
What are the main resources of Belgium?
The country has plenty of natural resources such as fertile land, coal, carbonates, limestone, black marble, fir trees, diamonds, zinc, lead, iron, and silica.
What are the products that Belgium export?
Belgium – Foreign trade
Belgium’s chief exports are iron and steel (semi-finished and manufactured), chemicals, textiles, machinery, road vehicles and parts, nonferrous metals, diamonds, and foodstuffs.
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.
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 is Belgium’s economy based on?
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 kind of economy is Belgium?
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).
Who is the most famous Belgian?
Top 10 Famous Belgian people
- René Magritte – Painter.
- Eddy Merckx – Professional Cyclist.
- Adolphe Sax – Musical instrument designer.
- Georges Remi Hergé – Animation creator.
- Romelu Lukaku – Professional Footballer.
- Stromae – Musician.
- Carlota of Mexico – Empress.
- Margaret of Austria, Duchess of Savoy – Political Figure.
Why does Belgium have so much debt?
The sharp increase in State debt is mainly the consequence of the coronavirus crisis. The drop in revenue, due to the drop in activity, and the sharp rise in government spending to support the economy caused the budget deficit to explode.
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.
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 does Belgium export to the US?
In 2018, Belgium exported services to United States worth $10.3B, with Other business services ($7.62B), Transportation ($1.01B), and Financial services ($617M) being the largest in terms of value. Comparison In 2019, United States ranked 10 in the Economic Complexity Index (ECI 1.58), and 2 in total exports ($1.51T).
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.
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.
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 does Belgium use their land?
Land use: agricultural land: 44.1% (2018 est.) arable land: 27.2% (2018 est.) permanent crops: 0.8% (2018 est.) permanent pasture: 16.1% (2018 est.)
How many farmers does Belgium have?
BELGIUM
| Table 1: Number of (organic) farms per region and percentage of total farms (1999) | ||
|---|---|---|
| Flanders Region | Walloon Region | |
| Total number of farms | 42 289 | 21 558 |
| Number of organic farms | 172 | 378 |
| Percentage | 0.41 | 1.75 |
How much of Belgium is farmland?
Agricultural land (% of land area) in Belgium was reported at 44.72 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources.
