Belgium
312M €
Exports
2022
2004 January2023 July
527M €
Imports
2022
2004 January2023 July
Belgium is the 15th largest export partner of Estonia. In 2022, Estonia's exports to Belgium amounted to €312M and imports from Belgium to €527M, resulting in negative trade balance of €216M.
Exports
2022
In 2022, Estonia's exports to Belgium amounted to €312M, making it the 15th largest export partner in the world. Compared to the previous year, exports from Estonia to Belgium experienced growth at an annualized rate of 31.4%, from €237M in 2021 to €312M in 2022. Most recently, exports were led by refined petroleum products, which represent 34.8% of the total exports to Belgium, followed by safety glass, which account for 15.3%.
Imports
2022
In 2022, Estonia's imports from Belgium ammounted to €527M, making it the 11th largest import partner in the world. Compared to the previous year, imports from Belgium to Estonia experienced growth at an annualized rate of 33.9%, from €394M in 2021 to €527M in 2022. Most recently, imports were led by refined petroleum products, which represent 14.2% of the total imports from Belgium, followed by coated iron and steel flat-rolled products, which account for 14.2%.
Trade Balance
As of 2023 July, Estonia had negative trade balance of €9.38M with Belgium. In 2022 July, it had negative trade balance of €21.2M.
