Import of Goods Value from Belgium (1999-2023)

Import of Goods Value from Belgium (1999-2023)

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TGM StatBox. (2024). Import of Goods Value from Belgium (1999-2023). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Belgium
Published date: 2024
Note: Merchandise imports by product group (Million US dollars), as defined by the World Trade Organization (WTO), refers to the total value of goods imported into a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Belgium, a key hub for European trade, demonstrated steady import growth from $164.8B in 1999 to $466.3B in 2008, supported by its position as a logistics and trade center within the EU. The 2009 dip to $353.3B reflects the global financial crisis's impact. However, recovery was swift, with imports reaching $466.9B by 2011, highlighting resilience and robust trade partnerships.

By 2022, imports soared to $613.8B, driven by rising energy prices and increased demand for industrial goods. The slight decline to $548B in 2023 reflects stabilization post-pandemic and shifts in global supply chains. Belgium’s import trajectory underscores its economic integration, particularly in sectors like chemicals, machinery, and energy.

Explore related charts to gain a better understanding of Industry sector’s GDP share in Belgium, Belgium’s unemployment rate trend, Belgium’s population count.

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