Foreign trade as a share of GDP reached 170 % in 2017 in Belgium, according to the National Statistical Office. This is 3.83 % more than in the previous year.
Historically, foreign trade as a share of GDP in Belgium reached an all time high of 170 % in 2017 and an all time low of 76.3 % in 1960. When compared to Belgium's main peers, foreign trade as a share of GDP in France amounted to 62.9 %, 86.5 % in Germany, 413 % in Luxembourg and 155 % in Netherlands in 2017.
Belgium has been ranked 10th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 4 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.