Trade Balance in Belgium

Belgium Trade Balance | Economic News & Forecasts

Belgium - Trade Balance

Comprehensive first-quarter data confirmed the economy’s slow start this year, although resilient domestic demand metrics in the quarter were encouraging. Household spending ticked up amid a tight labor market, but strong consumer confidence was constrained by the outsize effect of higher oil prices. Moreover, fixed investment remained buoyant on cheap borrowing costs. As expected, mounting concerns over global trade hit the external sector, which posted weak readings on lukewarm economic data across much of Europe. Meanwhile, available data for the second quarter hints at some deterioration in private sector conditions; consumer confidence fell back into pessimistic territory in June as inflation jumped on climbing fuel costs. Furthermore, business confidence has been trending lower in recent months and industrial output has been inconsistent, suggesting the current business cycle has begun eating into firms’ gains.

Belgium - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)17.8  19.0  21.4  18.9  23.7  

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Belgium Trade Balance Chart

Belgium Trade
Note: Trade balance (in EUR bn).
Source: National Bank of Belgium.

Belgium Facts

Bond Yield0.640.15 %Jul 17
Exchange Rate1.170.65 %Jul 17
Stock Market3,818-0.23 %Jul 17

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