Belgium

313M €
Exports
2023
2004 January2024 February
389M €
Imports
2023
2004 January2024 February

Infograafikud

Belgium is the 14th largest export partner of Estonia. In 2023, Estonia's exports to Belgium amounted to €313M and imports from Belgium to €389M, resulting in negative trade balance of €75.2M.

Exports

2023

In 2023, Estonia's exports to Belgium amounted to €313M, making it the 14th largest export partner in the world. Compared to the previous year, exports from Estonia to Belgium experienced growth at an annualized rate of 0.641%, from €311M in 2022 to €313M in 2023. Most recently, exports were led by refined petroleum products, which represent 30% of the total exports to Belgium, followed by safety glass, which account for 17.7%.

Imports

2023

In 2023, Estonia's imports from Belgium ammounted to €389M, making it the 13th largest import partner in the world. Compared to the previous year, imports from Belgium to Estonia experienced decline at an annualized rate of 26.9%, from €531M in 2022 to €389M in 2023. Most recently, imports were led by coated iron and steel flat-rolled products, which represent 6.59% of the total imports from Belgium, followed by integrated circuits, which account for 6.59%.

Trade Balance

As of 2024 February, Estonia had negative trade balance of €5.44M with Belgium. In 2023 February, it had negative trade balance of €2.61M.