Vaccines push Flemish exports to register – companies

Flemish exports were 8.5 per cent higher during the first six months of this year than in the first six months of 2019. This was announced by Prime Minister Jan Jambon while presenting the Export Lion, the Flanders Investment and Trade (FIT) award. ).

In absolute terms, this is an increase of 14.1 billion euros. Of that, 8.73 billion, or 62 percent of exports, come from coronavirus vaccines. That’s great, because those exports only started in the middle of last year.

The largest buyers of Belgian vaccines are Germany (39%), Japan (21.4%), the United Kingdom (7.9%), Canada (4.3%) and Israel (3%). But even without vaccines, Flemish exports would have increased by 3.2%.

Months-long shutdowns and shutdowns of large parts of the global economy, along with the consequences of Brexit, led to a contraction in exports last year. And since exports were already rebounding by the end of 2020, the decline was limited to 8%. This loss has now been more than compensated for.

According to Jambon, all future indicators are back in the green again. “Exports are back to a record level. Although I realize this is the general picture: some companies are still facing hard times.

In absolute terms, this is an increase of 14.1 billion euros. Of that, 8.73 billion, or 62 percent of exports, come from coronavirus vaccines. That’s great, because those exports only started in the middle of last year. The largest buyers of Belgian vaccines are Germany (39%), Japan (21.4%), the United Kingdom (7.9%), Canada (4.3%) and Israel (3%). But even without vaccines, Flemish exports would have increased by 3.2%. Months-long shutdowns and shutdowns of large parts of the global economy, along with the consequences of Brexit, led to a contraction in exports last year. And since exports were already rebounding by the end of 2020, the decline was limited to 8%. This loss has now been more than compensated for. According to Jambon, all future indicators are back in the green again. “Exports are back to a record level. Although I realize this is the general picture: some companies are still facing hard times.

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