The decline in the value of Belgian imports and exports has persisted in June, according to data released by the National Bank of Belgium.
- Exports decreased by 15.2%, while imports fell by 15.4% in the three months from April to June 2023.
- The negative trend in Belgian trade has continued throughout the year, with both exports and imports showing negative growth rates.
Here’s a summary of the export-import trends over the past months:
- January 2023: Exports increased by 4.4%, and imports by 3.6%
- February 2023: Exports decreased by 1.5%, and imports increased by 1.6%
- March 2023: Exports decreased by 7.1%, and imports by 7.2%
- April 2023: Exports decreased by 10.3%, and imports by 10.7%
- May 2023: Exports decreased by 18.1%, and imports by 18.5%
- June 2023 (provisional): Exports decreased by 16.8%, and imports by 16.8%
The decline in value has affected various product categories, with chemicals, minerals, diamonds, plastics, and common metals experiencing declines. However, transport equipment, machinery, and food products continue to exhibit positive growth.
Geographically, the drop in trade is seen in exports and imports from various regions, including Europe, the United States, Asia, and more.
This continuing decline in trade raises concerns about the economic situation in Belgium, and experts are closely monitoring the situation.
For more detailed information and statistics, please visit the National Bank of Belgium’s website.