 Belgium's import and export dependence on non-EU countriesMichel Dumont, Bernhard Michel and Glenn Rayp MPRA Paper from University Library of Munich, Germany Abstract: Various crises as well as ongoing geopolitical tensions have reduced trust in the international supply of goods. To inform policy in this context, we propose a methodology to determine for which goods Belgium’s imports and exports are highly concentrated among a limited number of non-EU countries, whether these goods are strategic and whether the dependence is persistent. We also look at indirect dependence within global supply chains and estimate the impact of potential disruptions on the Belgian economy. Belgium's import and export dependence on non-EU countries has remained fairly constant during the years 2014-2023. We find that the importance of the United States as a trading partner has decreased while that of China has increased. In addition, Belgium’s indirect dependence on non-EU countries turns out to be substantial, for both imports and exports. According to our results, the loss in activity due to a disruption in the imports of strategic goods with strong and persistent dependence on non-EU countries would amount to 2% of Belgian manufacturing value added. For disruption in exports, this would be 0.5%. Keywords: imports and exports; global supply chains; non-EU dependence; strategic goods (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125112 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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