Belgium: Terms of trade

* indicates monthly or quarterly data series
 Belgium

Terms of trade, base year = 2000

 Latest value 99.39
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 101.21
 Min - Max 98.18 - 105.37
 Source The United Nations
For that indicator, we provide data for Belgium from 2000 to 2021. The average value for Belgium during that period was 101.21 percent with a minimum of 98.18 percent in 2012 and a maximum of 105.37 percent in 2003. The latest value from 2021 is 99.39 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Belgium - Terms of trade - Recent values chart

Historical chart
Belgium - Terms of trade - historical chart - 2000-2021




The terms of trade for Belgium are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.


 Related indicators Latest value Reference Measure
 Terms of trade 99.39 2021 percent
 Trade openness 193.09 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 95.73 2022 percent
 Exports, billion dollars 558.53 2022 billion U.S. dollars
 Growth of exports 4.92 2022 percent
 Imports, percent of GDP 97.36 2022 percent
 Imports, billion dollars 568.04 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.14 2022 percent
 Foreign Direct Investment, billion dollars 9.79 2022 billion U.S. dollars
 Portfolio investment inflows, equities -17.25 2022 million dollars (current)
 Current account, percent of GDP -1.00 2023 percent
 Current account, in dollars -5.30 2022 billion U.S. dollars
 Trade balance, percent of GDP -1.63 2022 percent
 Trade balance, in dollars -8.90 2022 billion U.S. dollars
 Reserves 41.27 2022 billion U.S. dollars
 Remittances, percent of GDP 2.30 2022 percent
 Remittances 13,437.74 2022 million U.S. dollars
 Net errors and omissions -1,014.21 2022 million USD
 Foreign exchange reserves 36.48 9/2023 billion
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