Belgium

Belgium ranked No. 19 in total trade value through July with a total of $27.67 billion. Exports totaled $16.11 billion and Imports totaled $11.56 billion, a surplus of $4.55 billion.

U.S. trade with Belgium rose to $27.67 billion through July

Belgium’s trade with the United States rose to $27.67 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.33 percent below its total trade during the same time period last year. U.S. exports to Belgium decreased 22.29 percent while U.S. imports from Belgium fell 6.32 percent. The U.S. surplus with Belgium was $4.55 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Chicago O’Hare International Airport; No. 3 Dulles International Airport, Washington D.C., Va.; No. 4 Port of Houston; 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 Dulles International Airport, Washington D.C., Va.; No. 4 Port of San Francisco, Calif. and No. 5 Port of Newark. In the current time period, the top five accounted for 39.91 percent of Belgium’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 40.87 percent to $2.69 billion.
    Exports fell 45.49 percent to $1.45 billion. Imports fell 34.29 percent to $1.23 billion.
  • Trade with No. 2 Chicago O’Hare International Airport rose 155.92 percent to $2.68 billion.
    Exports fell 2.21 percent to $696.15 million. Imports rose 490.04 percent to $1.99 billion.
  • Trade with No. 3 Dulles International Airport, Washington D.C., Va. fell 5.87 percent to $2.18 billion.
    Exports fell 28.33 percent to $156.4 million. Imports fell 3.53 percent to $2.02 billion.
  • Trade with No. 4 Port of Houston fell 19.22 percent to $2.15 billion.
    Exports fell 7.76 percent to $1.85 billion. Imports fell 53.95 percent to $304.41 million.
  • Trade with No. 5 Port of San Francisco, Calif. fell 34.45 percent to $1.34 billion.
    Exports fell 34.51 percent to $1.34 billion. Imports fell 19.13 percent to $5.99 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. 18.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Belgium by value through July were the categories of Passenger vehicles; Medical instruments; Medicines in individual dosages; Diamonds, not mounted; and Plasma, vaccines, blood, respectively. They accounted for 34.59 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; Unwrought platinum in various forms; and Passenger vehicles –– accounted for 60.33 percent of all inbound shipments.

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

  • Passenger vehicles fell 22.26 percent compared to last year to $2.04 billion.
  • Medical instruments fell 4.04 percent compared to last year to $1.24 billion.
  • Medicines in individual dosages fell 26.48 percent compared to last year to $908.53 million.
  • Diamonds, not mounted fell 56.59 percent compared to last year to $748.82 million.
  • Plasma, vaccines, blood fell 40.45 percent compared to last year to $629.53 million.

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

  • Plasma, vaccines, blood rose 52.44 percent compared to last year to $4 billion.
  • Medicines in individual dosages rose 52.54 percent compared to last year to $1.69 billion.
  • Diamonds, not mounted fell 63.53 percent compared to last year to $502.72 million.
  • Unwrought platinum in various forms rose 187.25 percent compared to last year to $417.78 million.
  • Passenger vehicles fell 47.16 percent compared to last year to $364.95 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.