HS Icon Precious metals, gems and jewelry in  Flag Belgium

2019
Exports | Imports
: $19.6B | $16B, World Rnk 10 / 221
Flag Rnk 7 / 96 | World Rnk 10 / 223
Flag Rnk 8 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.91B | $236M, Germany |  Germany

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Precious metals, gems and jewelry
: -1.95, Rnk 95 / 96

Exports In 2019, Belgium exported $19.6B in Precious metals, gems and jewelry, making it the 10th largest exporter of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 7th most exported product in Belgium. The main destination of Precious metals, gems and jewelry exports from Belgium are: India ($5.12B), Germany ($3.38B), Switzerland ($1.83B), United Arab Emirates ($1.79B), and Hong Kong ($1.51B).

The fastest growing export markets for Precious metals, gems and jewelry of Belgium between 2018 and 2019 were Germany ($1.91B), Turkey ($223M), and United Kingdom ($158M).

Imports In 2019, Belgium imported $16B in Precious metals, gems and jewelry, becoming the 10th largest importer of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 8th most imported product in Belgium. Belgium imports Precious metals, gems and jewelry primarily from: Russia ($2.19B), India ($1.93B), United States ($1.66B), United Arab Emirates ($1.26B), and Botswana ($1.01B).

The fastest growing import markets in Precious metals, gems and jewelry for Belgium between 2018 and 2019 were Germany ($236M), Guinea ($190M), and Guinea-Bissau ($69.2M).

Tariffs In 2017, the average tariff for Belgium in Precious metals, gems and jewelry was 0.19%. The countries with the highest import tariffs for Precious metals, gems and jewelry were Western Sahara (Most Favoured Nation duty rate treatement, 0.64%), Gabon (Most Favoured Nation duty rate treatement, 0.64%), Libya (Most Favoured Nation duty rate treatement, 0.64%), Mayotte (Most Favoured Nation duty rate treatement, 0.64%), and Reunion (Most Favoured Nation duty rate treatement, 0.64%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): €1.19B, (144%)

IMPORT GROWTH (June 2020 - June 2021): €926M, (114%)

MAIN DESTINATION (June 2021): Germany, €537M

This section shows Precious metals, gems and jewelry'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 metals, gems and jewelry over time.

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Historical Data

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EXPORTS (2019): $19.6B

IMPORTS (2019): $16B

NET TRADE (2019): $3.63B

In 2019, Belgium exported $19.6B in Precious metals, gems and jewelry. The main destinations of Belgium exports on Precious metals, gems and jewelry were India ($5.12B), Germany ($3.38B), Switzerland ($1.83B), United Arab Emirates ($1.79B), and Hong Kong ($1.51B).

In 2019, Belgium imported $16B in Precious metals, gems and jewelry, mainly from Russia ($2.19B), India ($1.93B), United States ($1.66B), United Arab Emirates ($1.26B), and Botswana ($1.01B).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Precious metals, gems and jewelry WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Precious metals, gems and jewelry WITH:

Flow

THE FASTEST GROWING Precious metals, gems and jewelry EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious metals, gems and jewelry BY Belgium WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, Belgium's main exporting competitors in Precious metals, gems and jewelry were:

In 2019, Belgium's main importing competitors in Precious metals, gems and jewelry were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Precious metals, gems and jewelry was 0.19%.

The countries with the highest tariffs for Precious metals, gems and jewelry in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 0.64%), Gabon (Most Favoured Nation duty rate treatement, 0.64%), Libya (Most Favoured Nation duty rate treatement, 0.64%), Mayotte (Most Favoured Nation duty rate treatement, 0.64%), and Reunion (Most Favoured Nation duty rate treatement, 0.64%).