Gold in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $1.44B in Gold, making it the 45th largest exporter of Gold in the world. At the same year, Gold was the 48th most exported product in Belgium. The main destination of Gold exports from Belgium are: Germany ($709M), United Arab Emirates ($314M), Switzerland ($301M), Turkey ($38.8M), and Italy ($31.1M).

The fastest growing export markets for Gold of Belgium between 2021 and 2022 were United Arab Emirates ($203M), Switzerland ($133M), and Italy ($12M).

Imports In 2022, Belgium imported $915M in Gold, becoming the 29th largest importer of Gold in the world. At the same year, Gold was the 105th most imported product in Belgium. Belgium imports Gold primarily from: Suriname ($266M), Brazil ($181M), Switzerland ($134M), South Africa ($117M), and Netherlands ($63.3M).

The fastest growing import markets in Gold for Belgium between 2021 and 2022 were Suriname ($105M), Switzerland ($98.8M), and South Africa ($59.5M).

Latest Trends

January 2024

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Overview In January 2024 Belgium's Gold exports accounted up to €79M and imports accounted up to €38.4M, resulting in a positive trade balance of €40.5M. Between January 2023 and January 2024 the exports of Belgium's Gold have increased by €9.74M (14.1%) from €69.2M to €79M, while imports increased by €9.56M (33.1%) from €28.9M to €38.4M.

Destinations In January 2024, Gold were exported mostly to Germany (€51M), Switzerland (€24.2M), United States (€1.46M), United Arab Emirates (€597k), and Netherlands (€558k), and were imported mostly from South Africa (€18.8M), Netherlands (€3.92M), Italy (€3.58M), Germany (€3.12M), and Luxembourg (€2.86M).

Growth In January 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Switzerland (€5.82M or 56.9%), United States (€1.31M or 43.7k%), and Germany (€480k or 0.97%). In January 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Netherlands (€3.7M or 741%), South Africa (€1.85M or 146%), and Luxembourg (€1.04M or 83.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€9.74M(14.1%)

IMPORT GROWTH (January 2023 - January 2024)€9.56M(33.1%)

MAIN DESTINATION (January 2024)Germany€51M

This section shows Gold'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 Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.44B

IMPORTS (2022)$915M

NET TRADE (2022)$524M

In 2022, Belgium exported $1.44B in Gold. The main destinations of Belgium exports on Gold were Germany ($709M), United Arab Emirates ($314M), Switzerland ($301M), Turkey ($38.8M), and Italy ($31.1M).

In 2022, Belgium imported $915M in Gold, mainly from Suriname ($266M), Brazil ($181M), Switzerland ($134M), South Africa ($117M), and Netherlands ($63.3M).

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