Belgium

Belgium has the third largest trade with India among the 28 EU member states

Last updated: March 11, 2024

10th largest exporting country in the world

Belgium lies at the centre of European Union

India is Belgium’s 14th largest export destination

Belgium is the 22nd largest investor in India

India's Mission in Belgium is additionally accredited to Luxembourg

US$ 2,785mn
FDI inflows to India between April 2000-March 2023

US$ 18.41 bn

Value of total bilateral trade in 2022-2023

20,636
Overseas Indians living in Belgium

Concurrent Accreditation The Mission in Belgium also handles India's bilateral relations with Luxembourg and the European Union

Access to EU

makes Belgium a gateway to Europe and beyond

Export

India is the second-largest importer of Belgian products and the fifth-largest exporter of Belgian products

Infrastructure and connectivity

Excellent infrastructure and transportation options with seaports, inland ports, airports, railways and an extensive road network

170

Belgian companies are based in India, whereas around 95 Indian companies have their footprint in Belgium. India is among the 10 most important partners of the Port of Antwerp.

Key sectors

Foodstuff, biotechnology, transport & logistics, automotive, aerospace and pharmaceuticals

India-EU Trade and Investment Agreements
India-Belgium Bilateral Relations

Belgium was among the first European countries to establish diplomatic relations with independent India in September 1947.
Cabinet approves MoU between India and Belgium on Cooperation in the field of ICT&E

The Memorandum of Understanding (MoU) will facilitate bilateral cooperation in the field of Information Communication Technology and Electronics.

Documents signed during the Indo-EU Leaders' Meeting (May 2021)

The documents signed during the Indo-EU Leaders' Meeting include the India-EU Leaders’ Meeting Joint Statement, India-EU Connectivity Partnership, and the document recognizing the second round of financing for the Pune Metro Rail Project.

India's Exports and Imports to Belgium

Source: Department of Commerce

Country / Region:  BELGIUM

S.No. \Year 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
1. EXPORT 6,729.93 5,809.88 5,235.59 10,084.37 8,864.09
2. %Growth -13.67 -9.88 92.61 -12.10
3. India’s Total Export 330,078.09 313,361.04 291,808.48 422,004.40 450,958.43
4. %Growth -5.06 -6.88 44.62 6.86
5. %Share 2.04 1.85 1.79 2.39 1.97
6. IMPORT 10,469.22 8,879.46 6,940.68 9,951.65 9,177.67
7. %Growth -15.19 -21.83 43.38 -7.78
8. India’s Total Import 514,078.42 474,709.28 394,435.88 613,052.05 714,042.45
9. %Growth -7.66 -16.91 55.43 16.47
10. %Share 2.04 1.87 1.76 1.62 1.29
11. TOTAL TRADE 17,199.15 14,689.35 12,176.27 20,036.02 18,041.77
12. %Growth -14.59 -17.11 64.55 -9.95
13. India’s Total Trade 844,156.51 788,070.32 686,244.36 1,035,056.45 1,165,000.88
14. %Growth -6.64 -12.92 50.83 12.55
15. %Share 2.04 1.86 1.77 1.94 1.55
16. TRADE BALANCE -3,739.30 -3,069.58 -1,705.08 132.72 -313.58
17. India’s Trade Balance -184,000.33 -161,348.24 -102,627.40 -191,047.65 -263,084.03

Belgo-Indian Chamber of Commerce & Industry

+32-56-4797588/92

Visit Website

Doorniksewijk 49 | B8500 Kortrijk

Brussels Invest & Export

+32 2 8004063

Visit Website

Chaussée de Charleroi 112 1060 Brussels

Belgian Foreign Trade Agency

+32 2 2063511

Visit Website

Rue Montoyer 3 1000 Brussels BELGIUM

Embassy of India, Brussels

+32 2 6409140, 6451850

Visit Website

Chausee de Vleurgat, 217
1050 Brussels
Belgium

Opportunities

Agricultural exports

    Orange juice, not frozen (excl. of 2009.19), unfermented & not cont. added … (200919)

    agriexchange.apeda.gov.in

    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)

    agriexchange.apeda.gov.in

    OTHER WHEAT AND MESLIN (100199)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
    Cocoa beans, whole/broken, raw/roasted (180100)
    Cocoa butter, fat & oil (180400)

    agriexchange.apeda.gov.in

    Butter (040510)
    Cheese (excl. of 0406.10-0406.40) (040690)
    Milk & cream, not concentrated/sweetened, fat content by wt. >1% but not >6 … (040120)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)

    agriexchange.apeda.gov.in

    Bananas frsh or dried (080390)
    Potatoes other than seed potatoes, fresh/chilled (070190)

    agriexchange.apeda.gov.in

    Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not,
    smoked cooked or not before or
    during smoking; in shell, cooked by steaming or by boiling in water
    (030617)
    Fish fillets: fresh or chilled, salmon
    Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus
    keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho) (030441)
    Fish fllets: fresh or chilled, of
    the familles Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merluccidae, Moridae, and Muraenolepididae (030444)
    Fish preparations; tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved,
    whole or in pieces (but not
    minced) (160414)
    Fish: smoked. whether or not cooked
    before or during smoking, salmon, Pacific
    (Oncorhynchus nerka, gorbuscha,l keta, tschawytscha, kisutch, masou, rhodurus), Atlantic (Salmo salar) and Danube (Hucho hucho), includes fillets, but
    excludes edible fish offal (030541)

    fishexchange.mpeda.gov.in
Minerals

    Production: Clinker: 800,584 tons (finished – 6,300,000 tons)

    bgs.ac.uk

    Production: Pig Iron Ore: 4,800,000 tons

    bgs.ac.uk

    Production: 7,842,000 tons

    bgs.ac.uk

    Production: 249,000 tons

    bgs.ac.uk

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Chemicals
Electrical Machinery
Gems & Jewellery
IT and BPM
Ports and Shipping
Renewable Energy

Top Import/ Export Items

India's top import from Belgium
  • Aluminium waste and scrap
  • Diamonds
India's top export to Belgium
  • Vehicles
  • Tobacco and tobacco refuse
  • Clothing

Bilateral Investors

TCS

Infosys

Tech Mahindra

Aditya Birla

Cipla

HCL

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