Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade.
Belgium’s GDP reached $515 billion in 2020, while its bilateral trade with the United States totaled over $48.4 billion in 2020. Distinguished by its major ports (Antwerp is the second largest port in Europe) and first-class logistical infrastructure, a significant portion of bilateral trade either originates in, or is destined for, other countries in Europe. The U.S. ranked as Belgium’s fifth principal trading partner; with Belgium ranking as the 13th largest recipient of U.S. exports in 2020.
Often referred to as “the capital of Europe,” the Belgian capital of Brussels is home to the headquarters of the European Union (EU) and of the North Atlantic Treaty Organization (NATO), as well as hundreds of international institutions, associations, and multinational corporations.
Princess Astrid (the king’s sister) will lead a royal trade mission of about 300 Belgian companies to Boston, Atlanta, and New York in June 2022.