Belgium

215M €
Exports
2020
2004 January2021 November
283M €
Imports
2020
2004 January2021 November

Infograafikud

Belgium is the 16th largest export partner of Estonia. In 2020, Estonia's exports to Belgium amounted to €215M and imports from Belgium to €283M, resulting in negative trade balance of €68.3M.

Exports

2020

In 2020, Estonia's exports to Belgium amounted to €215M, making it the 16th largest export partner in the world. Compared to the previous year, exports from Estonia to Belgium experienced decline at an annualized rate of 23.1%, from €279M in 2019 to €215M in 2020. Most recently, exports were led by safety glass, which represent 14.8% of the total exports to Belgium, followed by refined petroleum products, which account for 14.3%.

Imports

2020

In 2020, Estonia's imports from Belgium ammounted to €283M, making it the 14th largest import partner in the world. Compared to the previous year, imports from Belgium to Estonia experienced decline at an annualized rate of 16.3%, from €338M in 2019 to €283M in 2020. Most recently, imports were led by coated iron and steel flat-rolled products, which represent 13.6% of the total imports from Belgium, followed by self-propelled construction machinery, which account for 13.6%.

Trade Balance

As of 2021 November, Estonia had negative trade balance of €12.6M with Belgium. In 2020 November, it had positive trade balance of €7.55M.