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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions14.3USD bn
Goods, both directions–Below the backbone of 1,500 flows

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.

SinceFinland → BelgiumBelgium → Finlandother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnApr 2013 · – / 2.0013Bank claims · quarterly · USD bnQ2 2026 · 0.3 / 0.8013Portfolio holdings · half-yearly · USD bnDec 2025 · 3.5 / 7.60510Direct investment · annual · USD bn2024 · 0.6 / 1.502550Finance to trade · quarterly, positions both ways ÷ goods both waysQ4 2012 · 7.7×0.0×10×20×20062008201020122014201620182020202220242026
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 Finland → Belgium

Aug 2025–Jul 2026

exports of Finland to Belgium, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
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 Belgium → Finland

Aug 2025–Jul 2026

exports of Belgium to Finland, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
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.

Finland → Belgium

Q2 2026

loans and deposits of banks in Finland on residents of Belgium

Position0.3USD bn
Flow in the quarter+0.2USD bnas published by the BIS
Sources

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

Belgium → Finland

Q2 2026

loans and deposits of banks in Belgium on residents of Finland

Position0.8USD bn
Flow in the quarter−0.5USD bnas published by the BIS
Sources

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

Finland → Belgium

Q4 2025

securities issued in Belgium held by investors in Finland

Total3.5USD bn
Equity0.5USD bn
Debt securities3.0USD bn
Sources

Holder to issuer, Q4 2025.

Belgium → Finland

Q4 2025

securities issued in Finland held by investors in Belgium

Total7.6USD bn
Equity1.2USD bn
Debt securities6.3USD bn
Sources

Holder to issuer, Q4 2025.

Finland → Belgium

2024

position of investors in Finland in Belgium

Position0.6USD bn
Reportthe host’s
Sources

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

Belgium → Finland

2024

position of investors in Belgium in Finland

Position1.5USD bn
Reportthe host’s
Sources

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