Precious stones, metals, & pearls in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $23.7B in Precious stones, metals, & pearls, making it the 10th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 6th most exported product in Belgium. The main destination of Precious stones, metals, & pearls exports from Belgium are: India ($5.03B), Germany ($4.48B), United Arab Emirates ($2.94B), United States ($2.75B), and United Kingdom ($1.41B).

The fastest growing export markets for Precious stones, metals, & pearls of Belgium between 2021 and 2022 were Switzerland ($481M), United Arab Emirates ($406M), and United States ($382M).

Imports In 2022, Belgium imported $17.2B in Precious stones, metals, & pearls, becoming the 14th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 8th most imported product in Belgium. Belgium imports Precious stones, metals, & pearls primarily from: India ($3.03B), United Arab Emirates ($2.13B), Botswana ($1.55B), Russia ($1.46B), and Canada ($1.36B).

The fastest growing import markets in Precious stones, metals, & pearls for Belgium between 2021 and 2022 were United Arab Emirates ($501M), India ($487M), and Canada ($256M).

COMPANIES In 2023, leading companies such as RHI US LTD (18) were at the forefront of shipping Precious stones, metals, & pearls from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Precious stones, metals, & pearls exports accounted up to €1.04B and imports accounted up to €714M, resulting in a positive trade balance of €328M. Between December 2022 and December 2023 the exports of Belgium's Precious stones, metals, & pearls have decreased by €-405M (-28%) from €1.45B to €1.04B, while imports decreased by €-474M (-39.9%) from €1.19B to €714M.

Destinations In December 2023, Precious stones, metals, & pearls were exported mostly to United Arab Emirates (€290M), India (€220M), Germany (€172M), Hong Kong (€53.7M), and Israel (€48.2M), and were imported mostly from South Africa (€96.2M), India (€94.1M), Botswana (€87.2M), Germany (€68.9M), and United Arab Emirates (€64.4M).

Growth In December 2023, the decrease in Precious stones, metals, & pearls's year-by-year exports was explained primarily by a decrease in exports to Germany (€-200M or -41.2%), India (€-161M or -42.8%), and United Arab Emirates (€-149M or -52.6%). In December 2023, the decrease in Precious stones, metals, & pearls's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-74.9M or -79.6%), United States (€-39M or -61.4%), and South Africa (€-34.9M or -37.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-405M(-28%)

IMPORT GROWTH (December 2022 - December 2023)€-474M(-39.9%)

MAIN DESTINATION (December 2023)United Arab Emirates€290M

This section shows Precious stones, metals, & pearls's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Precious stones, metals, & pearls over time.

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