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Export of Belgian food & drink industry is booming

The value of the Belgian food and drink industry in 2017 grew with 5.1% to €52.6 billion.  This excellent result is mainly thanks to exports which grew with 7.5% to €26.7 billion.  Especially the markets outside the EU saw the strongest growth (+15.5%), reaching a turnover of €4.3 billion. The most important long distance market stays the USA, where the market for Belgian food and drink reached a turnover of €712 (+16.1%). The trade balance is therefore with €4.7 billion very positive. The Belgian industry keeps on investing and innovating to strengthen their market position abroad.