Belgium BE: Exports: USD: All Services: Manufacturing Services On Physical Inputs Owned By Others

Belgium BE: Exports: USD: All Services: Manufacturing Services On Physical Inputs Owned By Others data was reported at 5.082 USD bn in 2024. This records a decrease from the previous number of 5.957 USD bn for 2023. Belgium BE: Exports: USD: All Services: Manufacturing Services On Physical Inputs Owned By Others data is updated yearly, averaging 4.088 USD bn from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 5.957 USD bn in 2023 and a record low of 3.577 USD bn in 2020. Belgium BE: Exports: USD: All Services: Manufacturing Services On Physical Inputs Owned By Others data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Belgium – Table BE.OECD.TISP: Trade in Services: Exports: USD: by Services: OECD Member: Annual. Manufacturing services on physical inputs owned by others includes activities such as processing, assembly, labelling and packing that are undertaken by enterprises that do not own the goods. Examples include oil refining, liquefaction of natural gas and assembly of clothing and electronics. Excluded are the assembly of prefabricated construction (included in construction) and labelling, and packing incidental to transport (included in transport services).The manufacturing is undertaken by an entity that does not own the goods and that is paid a fee by the owner. The ownership of the goods does not change, so no general merchandise transaction is recorded between the processor and the owner. Only the fee charged by the processor is included under this item, although such a fee may include the cost of materials purchased by the processor.An international trade element exists where the work done is by a resident of one economy for the owner of the goods who is resident in another economy. The treatment of these services is not conditional on whether the goods were previously or subsequently in the physical possession of the owner or not.

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What was Belgium's Belgium BE: Exports: USD: All Services: Manufacturing Services On Physical Inputs Owned By Others in 2023?

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