STUDY ON THE IMPACT OF THE COVID-19 CRISIS ON
BELGIAN FOREIGN TRADE

* Part 2 - 2020

The publication on the impact of the COVID-19 crisis on Belgian foreign trade measures the consequences of this pandemic for both Belgian imports and exports of goods during the year 2020.

Based on the export and import figures, the ten sectors most affected by the health crisis were identified. Belgium’s performance is also compared to that of its neighbouring countries and to that of countries with a similar export structure.

The second part of this study focuses on a microeconomic analysis of the individual performances of exporting companies in 2020.

Download the study "Impact of the COVID-19 crisis on Belgian Foreign Trade - Part 2 - 2020" in French here.

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Download the study "Impact of the COVID-19 crisis on Belgian Foreign Trade - Part 2 - 2020" in Dutch here.

Cover STUDY ON THE IMPACT OF THE COVID-19 CRISIS ON BELGIAN FOREIGN TRADE - PART2 IN DUTCH

This study is the result of 12 months of statistical research and a micro-economic analysis of individual performances of exporting companies in 2020.

A successful webinar was organised today in collaboration with our partners the FPS Foreign Affairs, Flanders Investment & Trade (FIT), Wallonia Export & Investment Agency (AWEX) and hub.brussels, to launch our study "Impact of the COVID-19 crisis on Belgian Foreign Trade - Part 2 - 2020". You can view the RECORDING OF THE WEBINAR below:

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* Part 1 - During the first lockdown (March-May 2020)

The publication on the impact of the COVID-19 crisis on Belgian foreign trade measures the consequences of this pandemic for both Belgian imports and exports of goods during the first lockdown (March-May 2020).

Based on these figures, the ten sectors most affected by the health crisis were identified. Belgium’s performance is also compared to that of its neighboring countries and to that of countries with a similar export structure. A series of interviews with sector federations further illustrates the effects of the crisis on the international trade performance of companies operating in the ten most affected sectors.

Finally, Belgium's resilience and the factors that will contribute to a sustained socio-economic recovery are placed within the framework of the 'COVID Economic Recovery Index', a new concept developed by the Horizon Group think tank.

         Download the study here

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The study “Impact of the COVID-19 crisis on Belgian Foreign Trade” is the result of 3 months of statistical analysis and interviews with major sector federations of Belgium and was realised by the Belgian Foreign Trade Agency at the request of its partners the FPS Foreign Affairs, Flanders Investment & Trade (FIT), AWEX and hub.brussels.

More than 500 people took part in our webinar “Covid-19: recovery prospects for Belgian Foreign Trade” on 19 November 2020, which was organised in collaboration with our partners the FPS Foreign Affairs, Flanders Investment & Trade (FIT), AWEX and hub.brussels, following the launch of our new study on the “Impact of the COVID-19 crisis on the Belgian Foreign Trade Trade”. You can view the RECORDING OF THE WEBINAR below:

Webinar - Covid-19: Recovery Prospects for Belgian Foreign Trade

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Download the PRESS REVIEW on the impact of the COVID-19 crisis on Belgian foreign trade here.

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STUDY ON THE USE OF FREE TRADE AGREEMENTS BY
BELGIAN EXPORTERS

The publication on the use of free trade agreements by Belgian exporters analyses to what extent Belgian exporters make use of the existing free trade agreements. In addition, the underlying reasons for this are investigated. This was done from two perspectives.

Initially, data from the European Commission was used to determine whether or not Belgian exporters make efficient use of the free trade agreements. Particular attention was paid to specific sectors and countries where the free trade agreements can have the most impact. A comparison with the EU was also made.

Secondly, on the basis of the results of a survey, it was examined why Belgian exporters do or do not make use of free trade agreements, and what role third parties such as shipping agents play in this process.

Based on this, 20 findings were put forward. With these findings, the competent partners can, if they wish, take targeted action to encourage companies, in particular SMEs, to make greater use of the preferential tariffs and thus increase their competitiveness abroad.

The study “Belgian Exporters & Free Trade Agreements: a good match?” was realised by the Belgian Foreign Trade Agency in collaboration with its partners the FPS Foreign Affairs, Flanders Investment & Trade (FIT), AWEX and hub.brussels.

        Download the study here

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More than 400 people took part in our webinar “How Belgian exporters (can) gain a competitive advantage thanks to FTAs” on 4 February 2021, which was organised in collaboration with our partners the FPS Foreign Affairs, Flanders Investment & Trade (FIT), AWEX and hub.brussels, following the launch of our study “Belgian Exporters & Free Trade Agreements: a good match? You can view the RECORDING OF THE WEBINAR below:

Webinar - How Belgian exporters (can) gain a competitive advantage thanks to FTAs

Remote video URL