Exports on the rise
The recovery of the Belgian economy is supported by the progress in the vaccination campaign and by Germany (+3.4% in 2021), France (+5.4%) and the Netherlands (+3%), our main trading partners. In the rest of the world, the recovery in the United States (+6.3%) and China (+8.2%) is remarkable. Globally, Euler Hermes forecasts GDP growth of 5.5% in 2021, compared with a spectacular 3.5% decline in 2020 due to the coronavirus crisis.
Euler Hermes expects a EUR20 billion rise in Belgian exports in 2021, mainly in the following sectors: energy, metals, chemicals, pharmaceuticals, automotive and agri-food.
Container from Asia to Belgium: 5 times more expensive