Between 2013 and 2023, the import value of aircraft, spacecraft, and parts thereof to Belgium exhibited notable fluctuations with significant year-on-year variations. Key highlights include substantial increases in 2014 and 2016, followed by declines in 2015, 2017, and 2020. Notably, 2020 saw a sharp drop, likely impacted by global conditions such as the COVID-19 pandemic. Post-2021, imports showed a recovery trajectory, culminating in a 0.98% increase in 2023, standing at 1045.7 million USD. The long-term Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 0.82%, reflecting moderate growth.

Future trends to watch for:

Steady and incremental growth with a forecasted CAGR of 0.8% from 2024 to 2028.
Potential impacts of advancements in aerospace technology and varying geopolitical dynamics on import values.
Influences of European Union aviation policies and global trade conditions on Belgium's import activities.