Trade Balance in Belgium

Belgium Trade Balance | Economic News & Forecasts

Belgium - Trade Balance

Preliminary GDP data revealed the economy gained traction in Q3, with quarterly growth slightly above the modest showing in the first half of the year. Although a full breakdown is yet to be released, the third-quarter expansion was seemingly powered by the industrial sector, with output rebounding strongly on average in July–August on the back of buoyant manufacturing activity, primarily of chemicals and electronics. On the expenditure side, stronger merchandise exports growth in the same two-month period suggests external demand made again an important contribution to overall economic activity. That said, mild retail sales growth in July–August alongside slightly higher unemployment and consumers turning more pessimistic on average in Q3 point to subdued private consumption in the quarter, likely weighing on overall growth. Meanwhile, in October, consumer confidence strengthened slightly while business sentiment dipped, painting a mixed picture at the outset of Q4.

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 Yield0.730.15 %Dec 11
Exchange Rate1.140.65 %Dec 11
Stock Market3,287-0.23 %Dec 11

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