Trade & investment
US-Belgium bilateral trade and investment relationship
The bilateral trade and investment relationship between Belgium and the United States is significant for both partners. The US is the largest source of foreign direct investment (FDI) in Belgium from outside of Europe. According to EY's Belgian Attractiveness Survey, US companies started 27 of the 227 new foreign investment projects in Belgium in 2020 or 11.9% of the total. This investment translates into jobs in the local economy - the 27 new projects last year resulted in the creation of 979 new jobs.
New FDI projects in Belgium
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Direct investment positions
Trade links between the US and Belgium are strong. The US is the fifth largest trading partner of Belgium - and the most important outside of the EU.
In 2019, the US exported $34.7 billion worth of goods and $5.6 billion worth of services to Belgium, for total exports of $40.3 billion. That same year, Belgium exported $20.3 billion worth of goods and $4.4 billion worth of services to the US, for total exports of $24.7 billion. The US therefore has a trade surplus with Belgium in excess of $15 billion.
Trade is particularly intense between Belgium and New York, Pennsylvania and Texas, among other US states. The most traded goods between the two countries include chemical products, machinery and transportation equipment.
Invest in Belgium
A good resource for potential investors is the business.belgium.be portal maintained by the Belgian Federal Government, which provides useful information about doing business and investing in Belgium.
The Belgian Foreign Trade Agency (ABH-ACE) compiles trade-related statistics and helps Belgian companies identify opportunities abroad. The ABH-ACE also plays an important role in coordinating between the federal level, which is responsible for international relations, and the regions, which are responsible for foreign trade.