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Trade between Belgium and Singapore

In 2024, Belgium exported $1.2 billion to Singapore and imported $1.9 billion. Belgium ran a deficit of $641 million with Singapore, compared with a deficit of $1.5 billion in 2019. Singapore was Belgium’s 36th largest trading partner (0.4% of its trade), and Belgium was Singapore’s 30th (0.4%).

Summary

Belgium → Singapore
$1.2billion
Singapore → Belgium
$1.9billion
Belgium’s balance
-$641million

Balance

Belgium’s trade balance with Singapore

Trade between Belgium and Singapore grew 2.8-fold since 1995

USD billions (current). Belgium’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.2
  • Imports 1.9
  • Balance -0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$755 million$354 million$401 million
1996$719 million$312 million$407 million
1997$863 million$378 million$485 million
1998$656 million$405 million$252 million
1999$577 million$800 million-$223 million
2000$656 million$690 million-$34 million
2001$636 million$767 million-$131 million
2002$536 million$656 million-$120 million
2003$550 million$524 million$26 million
2004$725 million$724 million$853 thousand
2005$782 million$913 million-$130 million
2006$743 million$1.2 billion-$468 million
2007$860 million$1.7 billion-$832 million
2008$1.1 billion$2.1 billion-$954 million
2009$902 million$3.1 billion-$2.2 billion
2010$938 million$766 million$172 million
2011$1.2 billion$2.7 billion-$1.5 billion
2012$1.3 billion$3.3 billion-$2 billion
2013$1.6 billion$3.3 billion-$1.7 billion
2014$1.6 billion$3.4 billion-$1.8 billion
2015$1.2 billion$970 million$273 million
2016$1.1 billion$4 billion-$2.9 billion
2017$1.4 billion$3.8 billion-$2.4 billion
2018$1.2 billion$4.4 billion-$3.2 billion
2019$1.3 billion$2.8 billion-$1.5 billion
2020$1.1 billion$3.2 billion-$2.1 billion
2021$1.5 billion$3.2 billion-$1.7 billion
2022$1.5 billion$4.1 billion-$2.6 billion
2023$1.1 billion$2.4 billion-$1.4 billion
2024$1.2 billion$1.9 billion-$641 million

What they sell each other

What Belgium sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Vaccines, blood and antisera$366 million · 29.3%
    287 tonnes · Belgium’s destinations
  2. Refined petroleum$103 million · 8.2%
    123 thousand tonnes · Belgium’s destinations
  3. Turbojets and gas turbines$45 million · 3.6%
    8 tonnes · Singapore’s sources
  4. Paintings and drawings$41 million · 3.3%
  5. Makeup and skin care$40 million · 3.2%
    437 tonnes · Belgium’s destinations
  6. Medicines in measured doses or retail packs$36 million · 2.9%
    125 tonnes · Belgium’s destinations
  7. Diamonds$31 million · 2.5%
    Belgium’s destinations
  8. Polyethylene$25 million · 2%
    12 thousand tonnes · Belgium’s destinations
  9. Alloy steel sheet$18 million · 1.5%
    11 thousand tonnes
  10. Polypropylene$18 million · 1.5%
    12 thousand tonnes · Belgium’s destinations

What Singapore sells to Belgium

The top 10 headings in 2024, with their share of the total.

  1. Vaccines, blood and antisera$377 million · 20%
    65 tonnes · Singapore’s destinations
  2. Medicines in measured doses or retail packs$268 million · 14.2%
    196 tonnes · Singapore’s destinations
  3. Glass and lamp making machines$197 million · 10.4%
    6 tonnes
  4. Nitrogen heterocyclic compounds$170 million · 9%
    31 tonnes
  5. Amines$149 million · 7.9%
    55 tonnes
  6. Amino acids and amino alcohols (lysine)$122 million · 6.4%
    173 tonnes
  7. Nucleic acids and other heterocycles$58 million · 3.1%
    3 tonnes
  8. Polypropylene$56 million · 3%
    39 thousand tonnes · Singapore’s destinations
  9. Acetic acid and other saturated acids$46 million · 2.4%
    56 thousand tonnes
  10. Bulk medicines$40 million · 2.1%
    71 tonnes

How it travels

Estimated sea route from Antwerp to Singapore.

The estimated sea route between Antwerp and Singapore is 12,003 nautical miles (22,230 km) long: ≈ 28–35.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (12,003 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,551 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$780 million · 24.8%
  2. Air$2.4 billion · 75.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Singapore was Belgium’s 36th largest trading partner (0.4% of its trade), and Belgium was Singapore’s 30th (0.4%).

Singapore in Belgium’s trade
0.4%
Singapore’s rank among Belgium’s partners
36th
Belgium in Singapore’s trade
0.4%
Belgium’s rank among Singapore’s partners
30th

Compare with

Other partners of Belgium

Other partners of Singapore

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.