Belgium
314M €
Exports
2023
2004 January2024 September
390M €
Imports
2023
2004 January2024 September
Belgium is the 14th largest export partner of Estonia. In 2023, Estonia's exports to Belgium amounted to €314M and imports from Belgium to €390M, resulting in negative trade balance of €75.8M.
Exports
2023
In 2023, Estonia's exports to Belgium amounted to €314M, 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 0.807%, from €311M in 2022 to €314M in 2023. Most recently, exports were led by refined petroleum products, which represent 29.9% of the total exports to Belgium, followed by safety glass, which account for 17.6%.
Imports
2023
In 2023, Estonia's imports from Belgium ammounted to €390M, 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 26.8%, from €532M in 2022 to €390M in 2023. Most recently, imports were led by coated iron and steel flat-rolled products, which represent 6.56% of the total imports from Belgium, followed by integrated circuits, which account for 6.56%.
Trade Balance
As of 2024 September, Estonia had negative trade balance of €9.41M with Belgium. In 2023 September, it had negative trade balance of €6.04M.
