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2022
Exports $14.7BWorld Rnk 3 / 136
Flag Rnk 6 / 1213
2022
Destination $713M India
2021 - 2022
FASTEST GROWING MARKET $713MUnited States
2022
PRODUCT COMPLEXITY IN Diamonds-1.32Rnk 916 / 1025
2022
Imports $13.4BWorld Rnk 5 / 159
Flag Rnk 7 / 1214
2022
Origin $531M India
2021 - 2022
FASTEST GROWING ORIGIN $531MIndia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $14.7B in Diamonds, making it the 3rd largest exporter of Diamonds in the world. At the same year, Diamonds was the 6th most exported product in Belgium. The main destination of Diamonds exports from Belgium are: India ($4.96B), United Arab Emirates ($2.59B), United States ($1.57B), Israel ($1.14B), and Hong Kong ($747M).

The fastest growing export markets for Diamonds of Belgium between 2021 and 2022 were United States ($713M), Switzerland ($253M), and France ($207M).

Imports In 2022, Belgium imported $13.4B in Diamonds, becoming the 5th largest importer of Diamonds in the world. At the same year, Diamonds was the 7th most imported product in Belgium. Belgium imports Diamonds primarily from: India ($2.91B), United Arab Emirates ($2.07B), Botswana ($1.55B), Russia ($1.46B), and Canada ($1.35B).

The fastest growing import markets in Diamonds for Belgium between 2021 and 2022 were India ($531M), United Arab Emirates ($473M), and Canada ($257M).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Diamonds exports accounted up to €513M and imports accounted up to €362M, resulting in a positive trade balance of €151M. Between July 2023 and July 2024 the exports of Belgium's   Diamonds have decreased by €-175M (-25.5%) from €688M to €513M, while imports decreased by €-173M (-32.3%) from €535M to €362M.

Destinations In July 2024, Diamonds were exported mostly to United Arab Emirates (€129M), India (€119M), Hong Kong (€57.7M), United States (€47.4M), and Italy (€30.5M), and were imported mostly from India (€89.1M), South Africa (€66.5M), Botswana (€40.5M), Canada (€39.6M), and Angola (€35.5M).

Growth In July 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to India (€-164M or -43.6%), United Arab Emirates (€-142M or -53.1%), and United Kingdom (€-33.2M or -78.8%). In July 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-51M or -91.7%), Switzerland (€-31.1M or -99.9%), and United States (€-30.6M or -93.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-175M(-25.5%)
IMPORT GROWTH (July 2023 - July 2024)€-173M(-32.3%)
MAIN DESTINATION (July 2024)United Arab Emirates€129M

This section shows Diamonds'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 Diamonds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.7B
IMPORTS (2022)$13.4B
NET TRADE (2022)$1.22B

In 2022, Belgium exported $14.7B in Diamonds. The main destinations of Belgium exports on Diamonds were India ($4.96B), United Arab Emirates ($2.59B), United States ($1.57B), Israel ($1.14B), and Hong Kong ($747M).

In 2022, Belgium imported $13.4B in Diamonds, mainly from India ($2.91B), United Arab Emirates ($2.07B), Botswana ($1.55B), Russia ($1.46B), and Canada ($1.35B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$713M (83.4%)
Switzerland$253M (66.6%)
France$207M (74%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Belgium WERE (2021 - 2022):
Botswana-$608M (-61.4%)
India-$203M (-3.94%)
Vietnam-$64M (-36.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Diamonds were:
India $25.9B
United Arab Emirates $15.5B
In 2022, Belgium's main importing competitors in Diamonds were:
India $26.1B
United States $20.3B
United Arab Emirates $17.5B

Explore Visualizations

Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $197M
TOP IMPORT POTENTIALUnited States+ $107M

Diamonds’s highest export potential is France. With an export gap of $197M.   Diamonds’s highest import potential is United States with an import gap of $107M.

See methodology.

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