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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Belgium and UK, each channel at its own period. Left, Belgium to UK; right, UK to Belgium.

Finance to trade

positions ÷ goods, both directions
Finance to trade8.7×positions ÷ goods, both directions
Financial positions, both directions249USD bn
Goods, both directions28.5USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceBelgium → UKUK → Belgiumother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 18.5 / 10.002550Bank claims · quarterly · USD bnQ2 2026 · 61.3 / 36.60125250Portfolio holdings · half-yearly · USD bnDec 2025 · 27.9 / 29.102550Direct investment · annual · USD bn2024 · 79.5 / 14.60100200Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 8.8×0.0×5.0×10×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Belgium → UK

Aug 2025–Jul 2026

exports of Belgium to UK, 12 months

Exports, 12 months18.5USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods UK → Belgium

Aug 2025–Jul 2026

exports of UK to Belgium, 12 months

Exports, 12 months10.0USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Belgium → UK

Q2 2026

loans and deposits of banks in Belgium on residents of UK

Position61.3USD bn
Flow in the quarter−7.5USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

UK → Belgium

Q2 2026

loans and deposits of banks in UK on residents of Belgium

Position36.6USD bn
Flow in the quarter−1.6USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Belgium → UK

Q4 2025

securities issued in UK held by investors in Belgium

Total27.9USD bn
Equity10.4USD bn
Debt securities17.4USD bn
Sources

Holder to issuer, Q4 2025.

UK → Belgium

Q4 2025

securities issued in Belgium held by investors in UK

Total29.1USD bn
Equity14.1USD bn
Debt securities15.0USD bn
Sources

Holder to issuer, Q4 2025.

Belgium → UK

2024

position of investors in Belgium in UK

Position79.5USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

UK → Belgium

2024

position of investors in UK in Belgium

Position14.6USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.