Belgium | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Kingdom of Belgium
Records
63
Source
Belgium | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 12006111335.216
1971 13052184853.219
1972 16423224269.086
1973 22932275926.309
1974 29637776512.013
1975 30156821322.804
1976 34528907001.045
1977 39354961170.512
1978 46332075060.843
1979 58067512383.049
1980 63563403228.032
1981 56620736636.245
1982 53510783153.805
1983 52655467455.621
1984 53687392488.132
1985 53878264148.38
1986 68750421708.506
1987 83463311723.393
1988 96418786615.469
1989 104389986691.24
1990 126512468614.2
1991 126790048434.73
1992 138072578419.07
1993 126086323460.82
1994 143073453098.63
1995 173144772851.67
1996 170850032573.29
1997 163720906630.58
1998 165908868637.48
1999 166731346437.53
2000 171786761887.37
2001 169538549671.1
2002 183016456470.24
2003 219593071857.73
2004 261796408380.93
2005 286519836951.91
2006 313563958756.94
2007 368740547135.77
2008 418418164815.62
2009 332643194053.63
2010 365158050100
2011 422313795109.92
2012 398929195236.8
2013 413907322862.55
2014 427246782185.84
2015 359721498493.01
2016 378134817583.31
2017 418211812445.41
2018 451370851760.39
2019 441538322416.47
2020 413810111778.06
2021 528203425024.41
2022 558531627117.32

Belgium | Exports of goods and services (current US$)

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Kingdom of Belgium
Records
63
Source