Market Brief on
Belgium
Belgium-Luxembourg is the 12th largest export economy
in the world. In 2015, Belgium-Luxembourg exported
$325B and imported $378B, resulting in a negative trade
balance of $52.2B.
Source: http://atlas.media.mit.edu/en/
Total Population
(2016)
11.37million
Area
30,528km²
Time Zone
UTC+01.00
Capital City
Brussels
International
Telephone Code
Currency
+32
Exchange Rate
(01/03/2017)
1 US$ = 1.054 Euro
GDP
(2015)
US$ 455.09 Billion
GDP per capita
(2015)
GDP Growth Rate
(Apr 2016)
Ease of Doing
Business (World
Bank 2017)
Inflation Rate (Feb
Feb 2017)
Official
Language(s)
Other Languages
US$ 45036.13
Business Hours
Cities
Population (million)
Brussels
Antwerp
Ghent
Charleroi
Liège
Bruges
Namur
Leuven
Mons
1.02
0.46
0.23
0.20
0.18
0.12
0.11
0.09
0.09
Aalst
0.08
Euro
0.5 %
42/190
2.97 %
Dutch
French, German,
English
0800hrs-1700hrs.
Lunch 1300-1400 hrs.
Literacy Rate
0900-1530 hrs.
(weekdays)
0830-1200 hrs. (Sat)
99 %
Measures
Metric System
Important
International
Participation
IMF, WHO, WTO, UN,
UNESCO, NATO, EU
Banking Hours
Source: Wikipedia
SRI LANKA EXPORT DEVELOPMENT BOARD©
MARKET BRIEF ON BELGIUM 2017
2
Belgium Trade with the World (2011-2015)
Import
Export
600000.00
US $ MILLION
500000.00
400000.00
300000.00
200000.00
100000.00
0.00
2011
2012
2013
2014
2015
(US $ million)
Year
2011
Import
466,349
Export
475,958
Source: Trade map
2012
437,883
446,854
2013
488,527
511,505
2014
452,773
472,201
Major Export Destinations of
Belgium 2015
Major Import Sources of
Belgium 2015
Netherland
s
17%
Others
30%
Russian
Federation
2%
Germany
17%
Germany
13%
Japan
2%
France
9%
Italy
4%
China
4%
Ireland
5%
United
Kingdom
5%
2015
371,025
397,739
United
States of
America
9%
Others
28%
France
15%
Poland
2%
China
2%
India
2%
Netherlands
11%
Spain
3%
Italy
5%
United
States of
America
6%
United
Kingdom
9%
SRI LANKA EXPORT DEVELOPMENT BOARD©
MARKET BRIEF ON BELGIUM 2017
3
Major Import Products from 2015
Belgium
Buses
except
diesel
powered
8%
Others
61%
Oils
Parts and
petroleum,
accessories
bituminous,
for
distillates,
drawing,
except
etc
crude
instruments
3%
1%
Heterocyclic
compound,o
xygen
heteroatom(s)
only,nes
3%
Pitch coke
4%
Heparin,
salts, for
therapeutic
use
3%
Buses
except
diesel
powered
7%
Others
63%
Heterocycli
c
compound,
oxygen
heteroatom(s)
only,nes
2%
Medicamen
ts nes,
formulated,
in bulk
6%
Petroleum
oils, oils
from
bituminous
minerals,
crude
5%
Antiques
older than
one
hundred
years
3%
Chemical
industry
products,
preparation
Parts and
Oils
s, mixtures
accessories
petroleum,
ne
for
bituminous
1%
drawing,
, distillates,
etc
except
instruments
crude
2%
2%
Pearls
cultured
worked,
not
mounted or
set
4%
Medicamen
ts nes,
formulated,
in bulk
7%
Petroleum
oils, oils
from
bituminous
minerals,
crude
6%
Pearls
cultured
worked,
not
Heparin, mounted or
salts, for
set
therapeutic
4%
use
3%
Sri Lanka- Belgium Trade (2012-2016)
500
463
463
450
400
362
350
US $ million
Bodies for
tractors,
buses,
trucks etc
2%
Major Export Products to Belgium
2015
338
318
282
300
250
268
243220
215
200
150
150
100
103
132
101
70
50
0
2012
2013
Export
2014
Import
2015
Trade Balance
2016
SRI LANKA EXPORT DEVELOPMENT BOARD©
MARKET BRIEF ON BELGIUM 2017
4
(US $ million)
2012
2013
2014
2015
2016
Exports to Belgium
463
463
318
282
338
Imports to SL
362
220
103
150
70
Trade balance
101
243
215
132
268
Source: Trade map
Sri Lankan products with export potential to Belgium




















Mens, boys trousers & shorts, material nes,
not knit
Womens, girls bathrobe, dressing gowns,
nes, knit
Mens, boys trousers & shorts, of material
nes, knit
Womens, girls anoraks etc of material nes,
not knit
Womens, girls trousers, shorts, material
nes, not knit
T-shirts, singlets etc, of material nes, knit
Petroleum oils and oils obtained from
bituminous minerals (excluding crude);
preparations containing ...
Mens, boys shirts, of material nes, not knit
Mens, boys bathrobes, dressing gown etc
fibre nes knit
Conveyor, transmission belts and belting,
rubber nes
Womens, girls garments nes, material nes,
not knit
Hosiery nes, of materials nes, knit
Rubber hygienic, pharmacy items except
contraceptives
Pullovers, cardigans etc of material nes knit
Womens, girls blouses & shirts, of material
nes, knit
Arrowroot, salep, etc fresh or dried and
sago pith
Pearls cultured worked, not mounted or set
Babies garments, accessories of material
nes, knit
Cotton-seed or fractions simply refined
Clothing and accessories except gloves, of
rubber




















Graphite based products nes
Womens, girls overcoats, etc, material nes,
knit
Jams, fruit jellies, purees and pastes, except
citrus
Other nuts, fresh or dried, whether or not
shelled or peeled (excluding coconuts,
Brazil nuts ...
Womens, girls trousers & shorts, material
nes, knit
Coffee substitutes containing coffee
Fish livers and roes, fresh or chilled
Flight simulators, parts thereof
Pneumatic tyres new of rubber nes
Preparations of a kind used in animal
feeding
Knit or crochet fabric of other materials,
nes
Construction equipment, not self-propelled
nes
Parts of electrical machines and apparatus
nes
Diamonds (jewelry) worked but not
mounted or set
Balloons, dirigibles, non-powered aircraft
nes
Bathroom wares nes, of plastics
Parts for electric motors and generators
Electrical control and distribution boards, >
1kV
Spacecraft, satellites and spacecraft launch
vehicles
Fish, fresh or chilled (excluding fish fillets
and other fish meat of heading 0304)
SRI LANKA EXPORT DEVELOPMENT BOARD©
MARKET BRIEF ON BELGIUM 2017
5
Sri Lanka’s Imports from
Belgium (2016)
Other
Electrical
&
Electronic
Products
nes
6%
Organic
Chemicals
9%
Sri Lanka’s Exports to
Belgium (2016)
Other
Other
Telephone
Processed Products of Products of
Sets,
Food
Plastics Base Metal
5%
nes
Audio/Vid
nes
4%
eo
4%
Equipment
s & Parts
2%
Unmanufact
ured
Tobacco
6%
Diamonds
6%
Manufactur
ed Tobacco
8%
Industrial &
Surgical
Tea Packets
3%
Gloves of
Rubber
Other
5%
Products of
Base Metal
nes
1%
Tea in Bulk
0%
Manufactu
red
Tobacco
3%
Pneumatic
& Retreated
Rubber
Tyres &
Tubes
8%
Other
Chemical
Products
nes
3%
Others
29%
Wadding
Gauze,
Bandages
& Similar
Pharmaceu
tical
Articles
9%
Diamonds
26%
Brooms &
Brusher of
Other
Fibers
0%
Apparel
60%
How Sri Lankan companies can access those opportunities
Trade Fairs/Solo Exhibitions and Trade Missions
Event
Latest Date
Category
Bibac Expo
19-22 Mar 2017
Food processing equipments,
refining machineries
Fabric Show Libramont
25-Mar 2017
Fashion Fabrics, Kids
Fabrics,Ladies Fabrics
Fabric Show Namur/Namen
05-Apr 2017
Fabrics, children fabrics,
linings
Others
3%
SRI LANKA EXPORT DEVELOPMENT BOARD©
MARKET BRIEF ON BELGIUM 2017
6
Global Seafood Exposition
25-27 Apr 2017
Seafood industry
Minerant
06-07 May 2017
Gems & Jewelry
Nieuwpoort International
Boatshow NIBS
20 -22 Oct 2017
New and used boats
Source: http://10times.com
Useful Addresses
Consulate of Belgium in Colombo, Sri Lanka
Elvitigala Mawatha, 69 / 5 B, Colombo 8, Sri
Lanka
Telephone: 011 2674141
Email: [email protected]
Fax: 011 2673250
Embassy of Sri Lanka
Office Address : Rue Jules Lejeune 27, 1050
Brussels, Belgium.
(From Sri Lanka): +32
Telephone: (0)2 344 53 94 / (0)2 344 55 85
Fax
: (0)2 344 67 37
Email : [email protected]
Website: www.srilankaembassy.be
Source: https://www.embassypages.com/