Belgium
On this page you will find beneficial information regarding foreign direct investment in / trading with Belgium. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Federal Parliamentary Democracy under a Constitutional Monarchy
Population: 11.67 million (2022)
GDP: 578.6 billion USD (2022)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 25% - 40%
Major Exports: The top exports of Belgium are Petroleum Gas ($54.7B), Vaccines, blood, antisera, toxins and cultures ($47.1B), Refined Petroleum ($32.4B), Packaged Medicaments ($24.8B), and Cars ($22.6B), exporting mostly to Germany ($91.9B), France ($71.1B), Netherlands ($65.7B), United States ($29B), and Italy ($22.5B). In 2022, Belgium was the world's biggest exporter of Other Frozen Vegetables ($3.05B), Looms ($706M), Hydrogen peroxide ($133M), Felt Carpets ($128M), and Zinc Powder ($123M).
Major Imports: The top imports of Belgium are Petroleum Gas ($44.8B), Refined Petroleum ($28.5B), Cars ($28.2B), Packaged Medicaments ($24.3B), and Vaccines, blood, antisera, toxins and cultures ($20.7B), importing mostly from Netherlands ($94.3B), Germany ($61.6B), France ($47.8B), United States ($30.7B), and China ($30.5B). In 2022, Belgium was the world's biggest importer of Raw Tobacco ($1.37B), Potatoes ($524M), Other Nitrogen Compounds ($406M), Nonmetal Sulfides ($39.5M), and Chalk ($15.8M).
Investment Agency: Belgian Foreign Trade Agency
Website: https://www.abh-ace.be/en
