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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions10.4USD 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.

SinceGreece → BelgiumBelgium → Greeceother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnFeb 2026 · – / 2.7035Bank claims · quarterly · USD bnQ2 2026 · 0.1 / 0.20510Portfolio holdings · half-yearly · USD bnDec 2025 · 4.3 / 0.301325Direct investment · annual · USD bn2024 · 3.1 / 2.4035Finance to trade · quarterly, positions both ways ÷ goods both waysQ1 2026 · 3.9×0.0×5.0×10×20062008201020122014201620182020202220242026
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 Greece → Belgium

Aug 2025–Jul 2026

exports of Greece 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 → Greece

Aug 2025–Jul 2026

exports of Belgium to Greece, 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.

Greece → Belgium

Q2 2026

loans and deposits of banks in Greece on residents of Belgium

Position0.1USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

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

Belgium → Greece

Q2 2026

loans and deposits of banks in Belgium on residents of Greece

Position0.2USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

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

Greece → Belgium

Q4 2025

securities issued in Belgium held by investors in Greece

Total4.3USD bn
Equity2.0USD bn
Debt securities2.3USD bn
Sources

Holder to issuer, Q4 2025.

Belgium → Greece

Q4 2025

securities issued in Greece held by investors in Belgium

Total0.3USD bn
Equity0.1USD bn
Debt securities0.3USD bn
Sources

Holder to issuer, Q4 2025.

Greece → Belgium

2024

position of investors in Greece in Belgium

Position3.1USD bn
Reportthe host’s
Sources

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

Belgium → Greece

2024

position of investors in Belgium in Greece

Position2.4USD bn
Reportthe host’s
Sources

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