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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BelgiumBelgium Balance of Trade climbed to 6,479.3M in July 2026
FMPMonthlyReleased September 2026
Belgium Balance of Trade climbed to 6,479.3M in July 2026, released September 2026, up 1,794.1M from June's 4,685.2M reading. The print exceeded the 5,980M consensus by 499.3M. Balance of Trade has now risen for 3 consecutive months. Over the past 3 months, Balance of Trade averaged 5,357M, vs 5,090.63M in the prior 3-month window. Balance of Trade is now the highest in 33 months.
Latest Release
6479.3
Actual
5980
Consensus
4685.2
Previous
Median Absolute Error
±443.58 million
across last 12 releases
Last Call
Sep 2026
Predicted: 6,811
Actual: 6,479.3
Error: +331.7
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.28 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.27 | COMMODITIES | Moves against | → View |
| S&P 500 | ▲ Direct | +0.26 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Belgium) was reported at 6,479.30 million in September 2026. This beat the market consensus of 5,980.00 million by 499.30 million. The reading rose from the previous value of 4,685.20 million. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 3,826.31 million, ranging from 1,018.80 million to 6,479.30 million across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 5,731.10 million, up from the prior three at 4,692.53 million. Volatility over the past year (σ 1,954.32 million) is higher than the prior year (σ 1,357.04 million). In September readings over the past 3 years, Balance of Trade has averaged 4,745.67 million.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 443.58 million.
WHAT TO WATCH NEXT
The next release is scheduled for October 15, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Balance of Trade - BE
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About Balance of Trade — Belgium
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 6,479.3 M, consensus 5,980 M. Prior reading (Jun 2026): 6,442.1 M. Before that (May 2026): 4,271.9 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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Economic Calendar - BE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | BE | Balance of Trade | 6479.3 | 4685.2 | 5980 | 6229.65 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:30 | BE | Harmonised Inflation Rate YoY | 4.2 | 3.6 | 4.2 | 4.18 | Low |
| 09:30 | BE | Harmonised Inflation Rate YoY | 4.2 | 3.6 | 4.2 | 4.18 | Low |