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Record-breaking Flemish exports in 2015

© Belga
© Belga

Flemish exports reached a thriving 300.6 billion euros in 2015, which amounted to an increase of 2.16% on the previous year. This is indeed a record. So it emerges from figures revealed on Monday by Flanders Investment and Trade (FIT) during a Flemish trade mission to India.

Imports remained stable at 288.8 billion euros.

By region, Flemish exports intended for European Union member states increased by an average of 3.2%, with striking export increases to Italy and Sweden of 19.2% and 13.2% respectively.

Exports headed for the United States and Central America also increased in the period by 7.5% and 15,8% respectively.

On the other hand imports to the so-called BRIC countries (Brazil, Russia, India and China) markedly decreased, with a stark decline of 9.5% for India, 9.2% for China, 20.5% for Brazil and an even greater 25.2% for Russia.

The chemical and pharmaceutical industry remain the two main Flemish export sectors, whereas the region’s diamond industry exports actually declined by 8.4% during the year.

(Source: Belga)

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