Belgium

Belgium ranked No. 19 in total trade value through April with a total of $16.82 billion. Exports totaled $10.04 billion and Imports totaled $6.78 billion, a surplus of $3.26 billion.

U.S. trade with Belgium rose to $13.45 billion through March

Belgium’s trade with the United States rose to $13.45 billion through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.77 percent below its total trade during the same time period last year. U.S. exports to Belgium decreased 10.28 percent while U.S. imports from Belgium rose 11.92 percent. The U.S. surplus with Belgium was $2.98 billion.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Houston; No. 3 Dulles International Airport, Washington D.C., Va.; No. 4 Chicago O’Hare International Airport; and No. 5 Port of San Francisco, Calif.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Houston No. 3 Port of San Francisco, Calif. No. 4 Port of Baltimore, Md. and No. 5 Dulles International Airport, Washington D.C., Va.. In the current time period, the top five accounted for 37.56 percent of Belgium’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 36.87 percent to $1.32 billion.
    Exports fell 38.16 percent to $768.62 million. Imports fell 34.98 percent to $546.86 million.
  • Trade with No. 2 Port of Houston rose 8.06 percent to $1.12 billion.
    Exports rose 17.66 percent to $951.93 million. Imports fell 25.44 percent to $172.9 million.
  • Trade with No. 3 Dulles International Airport, Washington D.C., Va. rose 56.69 percent to $1.06 billion.
    Exports fell 9.35 percent to $79.29 million. Imports rose 66.48 percent to $982.41 million.
  • Trade with No. 4 Chicago O’Hare International Airport rose 79.63 percent to $822.81 million.
    Exports fell 12.25 percent to $289.84 million. Imports rose 317.17 percent to $532.97 million.
  • Trade with No. 5 Port of San Francisco, Calif. fell 28.12 percent to $725.7 million.
    Exports fell 28.58 percent to $720.39 million. Imports rose 421.14 percent to $5.31 million.

Belgium ranked No. 19 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 17.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Belgium by value through March were the categories of Passenger vehicles; Medical instruments; Diamonds, not mounted; Plasma, vaccines, blood; and Medicines in individual dosages, respectively. They accounted for 34.39 percent of total exports to Belgium.

The value of the top five categories of U.S. imports from Belgium –– Plasma, vaccines, blood; Medicines in individual dosages; Diamonds, not mounted; Aircraft engines, engine parts; and Passenger vehicles –– accounted for 58.07 percent of all inbound shipments.

Looking more closely at U.S. exports to Belgium:

  • Passenger vehicles fell 6.26 percent compared to last year to $1.12 billion.
  • Medical instruments rose 13.87 percent compared to last year to $603.16 million.
  • Diamonds, not mounted fell 48.77 percent compared to last year to $398.72 million.
  • Plasma, vaccines, blood fell 21.81 percent compared to last year to $365.42 million.
  • Medicines in individual dosages fell 35.41 percent compared to last year to $341.32 million.

Looking more closely at U.S. imports from Belgium:

  • Plasma, vaccines, blood rose 45.89 percent compared to last year to $1.41 billion.
  • Medicines in individual dosages rose 129.03 percent compared to last year to $917.31 million.
  • Diamonds, not mounted fell 47.31 percent compared to last year to $312.93 million.
  • Aircraft engines, engine parts rose 108.75 percent compared to last year to $197.44 million.
  • Passenger vehicles rose 26.42 percent compared to last year to $197.14 million.

In the latest annual figures available, Belgium recorded $54.94 billion in trade with the United States. Total U.S. exports to Belgium were $ 34.77 billion and imports from Belgium were $20.17 billion. The U.S. surplus with Belgium was $14.6 billion.