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.
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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 are the major exports for Belgium?
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 are the top 3 imports?
What Are the Major U.S. Imports?
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
- Furniture, Lighting, and Signs – $72.1 billion.
- Plastics – $61.9 billion.
- Gems and precious metals – $60.8 billion.
- Organic chemicals – $54.6 billion.
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 is Belgium biggest import?
Cars
Imports The top imports of Belgium are Cars ($31.7B), Refined Petroleum ($19.3B), Packaged Medicaments ($18.6B), Blood, antisera, vaccines, toxins and cultures ($16.5B), and Diamonds ($12B), importing mostly from Netherlands ($65.7B), Germany ($51.3B), France ($39B), United States ($33.3B), and Ireland ($19B).
What products are made in Belgium?
13 products that are made in Belgium
- 3M: Specialty chemicals and industrial abrasives.
- Axalta: Industrial liquid coatings.
- Baxter: Parenteral bags and solutions.
- Cargill: Chocolate and other food ingredients.
- Coca-Cola: Non-alcoholic beverages.
- ExxonMobil: Petrochemicals, fuels and lubricants.
What food does Belgium export?
As of 2019, a wide range of food and beverage products were exported from Belgium. Dairy products accounted for the largest share of export products in 2019, at 12 percent. Meanwhile, fish and grain exports were significantly lower, accounting for below five percent of total exports combined.
What is Belgium known for?
2. There is no Belgian language. Belgium has three official languages and none of them is called Belgian. People speak Dutch, French, and German in different parts of the country.
Who does Belgium trade with the most?
Belgium top 5 Export and Import partners
| Market | Trade (US$ 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 are the most imported products?
World’s Top Import Products
| Rank | Product | 2019 Import Purchases |
|---|---|---|
| 1. | Crude oil | $1,056,062,568,000 |
| 2. | Integrated circuits/microassemblies | $848,913,525,000 |
| 3. | Cars | $774,285,065,000 |
| 4. | Processed petroleum oils | $663,640,142,000 |
What is the US #1 Export?
Searchable List of America’s Most Valuable Export Products
| Rank | US Export Product | YOY |
|---|---|---|
| 1 | Processed petroleum oils | -30.6% |
| 2 | Crude oil | -23% |
| 3 | Cars | -18.7% |
| 4 | Integrated circuits/microassemblies | +10.3% |
What does China import?
Most of China’s imports consist of machinery and apparatus (including semiconductors, computers, and office machines), chemicals, and fuels. The main import sources are Japan, Taiwan, South Korea, Australia, the countries of the European Union (EU), and the United States.
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).
What is Belgium’s currency?
EuroAdoption of the euro
The euro banknotes and coins were introduced in Belgium on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ‘book money’.
What is the famous food in Belgium?
What are Belgium’s famous food dishes? Belgium is famous for waffles, fries, chocolates, and beer. You can have waffles at any time of the day; breakfast, lnch dinner. Enjoy the crispy fries to go along with Belgian beer.
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.
What are famous products of Belgium?
Here is my straightforward 5 item list for which I consider Belgium to be famous for.
- Belgium is famous for:
- Potato Chips or Fries (Belgium Fries) Chips are commonly referred to as “french fries”, but guess what?
- Beer.
- Belgium Chocolate.
- Belgium Waffles (there are two kinds)
- Speculaas or Speculoos.
- Closing times.
- Souvenirs.
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 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.
