is a founding member of the European Union
(EU) and one of the most important economies of the European space. Investors interested in opening a company
in the field of trading in Belgium
should know that most of the products
traded here are delivered on the European market
; our Belgium company formation specialists
can provide you with detailed information on the trading market
Exports in Belgium in 2014
If you want to open a company
in the trading field, you should know that at the level of 2013, Belgium
ranked as the 13th largest world exporter
; the top products exported
are: petroleum, vehicles, medicaments, petroleum gas and diamonds.
In 2014, the total exports accounted for the value of $472.2 billion, with a 10.9% increase compared to 2010. The most exported products at the level of 2014 were the following:
• oil – representing 11.4% of the total exports;
• pharmaceutics (10.4%);
• vehicles (9.7%);
• organic chemicals (7.2%);
• machines and engines (7%);
• plastics (6.8%);
• gems and precious metals (4.9%);
• iron and steel (3.5%);
• medical equipment (3.1%);
• electronic equipment (3.1%).
Exports in medical and technical equipment increased by 48.9% since 2010, being the most required export products for the Belgium’s trading partners. Export sales increased by 48.5% for oil and petroleum products; our company formation representatives in Belgium can offer you further details on this topic.
Imports in Belgium in 2014
In 2014, the value of imported products
bought by Belgium
reached the value of $451.3 billion
, increasing by 15.4% compared to 2010.
The Belgium top imports were comprised of the following products (at the level of 2014):
• chemical products;
• mineral products;
• machinery and equipment;
• transport equipment;
• precious metals.
The most representative trading partners in terms of imports were the Netherlands, Germany, France, United States of America, United Kingdom and China.
Investors are advised to keep in mind the various rates for the VAT in Belgium
that apply for these types of business activities.
If you need further information on the trading market available in Belgium
, please contact our company formation consultants
, who can provide you with assistance in case you want to set up a business