Indonesia's Exports to Belgium Increased, but Imports Decreased in 2020

Indonesia's trade balance with Belgium showed a surplus of US$711.27 million in 2020. This trade balance value increased by 60.88% compared to the previous year's balance, which was recorded at US$442.12 million.

This positive trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$1.24 billion. This value is higher than Indonesia's imports from Belgium, which were recorded at US$526.05 million.

Indonesia's exports to Belgium have been on an upward trend over the past year. The previous year's export value was US$1.08 billion.

Meanwhile, imports, according to Trademap data, decreased by 16.97% compared to the previous year, which was recorded at US$633.56 million.

Based on product type, there are 10 main export products from Indonesia to Belgium that recorded a surplus during 2020. The total export value of these main products reached US$954.62 million.

List of 10 Main Indonesian Export Products to Belgium

1. (HS 64): Footwear, gaiters and the like; parts of such articles


2. (HS 62): Articles of apparel and clothing accessories, not knitted or crocheted


3. (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings;…


4. (HS 61): Articles of apparel and clothing accessories, knitted or crocheted


5. (HS 42): Leather articles; saddlery and harness; travel goods, handbags and similar containers; articles…


6. (HS 09): Coffee, tea, maté and spices


7. (HS 24): Tobacco and manufactured tobacco substitutes


8. (HS 40): Rubber and articles thereof


9. (HS 44): Wood and articles of wood; wood charcoal


10. (HS 85): Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television…

Globally, the trade balance for all goods was better this time due to an increase in several types of goods. The total value of Indonesia's trade balance was recorded at US$21.68 billion, or up 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.