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2022
Exports $23.7BWorld Rnk 10 / 220
Flag Rnk 6 / 96
2022
Destination $481M India
2021 - 2022
FASTEST GROWING MARKET $481MSwitzerland
2022
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls0.58Rnk 328 / 1025
2022
Imports $17.2BWorld Rnk 14 / 225
Flag Rnk 8 / 96
2022
Origin $501M India
2021 - 2022
FASTEST GROWING ORIGIN $501MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

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 Costco Wholesale (3) and Stanley Black & Decker (2) were at the forefront of shipping Precious stones, metals, & pearls from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Precious stones, metals, & pearls exports accounted up to €164M and imports accounted up to €346M, resulting in a negative trade balance of €182M. Between May 2023 and May 2024 the exports of Belgium's   Precious stones, metals, & pearls have decreased by €-1.15B (-87.5%) from €1.31B to €164M, while imports decreased by €-712M (-67.3%) from €1.06B to €346M.

Destinations In May 2024, Precious stones, metals, & pearls were exported mostly to United Arab Emirates (€130M), Switzerland (€23.1M), Botswana (€5.93M), China (€1.93M), and Austria (€880k), and were imported mostly from Botswana (€95.7M), Canada (€85.8M), Angola (€61.4M), Democratic Republic of the Congo (€51.3M), and Switzerland (€14.4M).

Growth In May 2024, 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 May 2024, 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
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-1.15B(-87.5%)
IMPORT GROWTH (May 2023 - May 2024)€-712M(-67.3%)
MAIN DESTINATION (May 2024)United Arab Emirates€130M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.7B
IMPORTS (2022)$17.2B
NET TRADE (2022)$6.41B

In 2022, Belgium exported $23.7B in Precious stones, metals, & pearls. The main destinations of Belgium exports on Precious stones, metals, & pearls were India ($5.03B), Germany ($4.48B), United Arab Emirates ($2.94B), United States ($2.75B), and United Kingdom ($1.41B).

In 2022, Belgium imported $17.2B in Precious stones, metals, & pearls, mainly from India ($3.03B), United Arab Emirates ($2.13B), Botswana ($1.55B), Russia ($1.46B), and Canada ($1.36B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Switzerland$481M (75.2%)
United Arab Emirates$406M (16%)
United States$382M (16.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Belgium WERE (2021 - 2022):
Botswana-$608M (-61.4%)
Germany-$308M (-6.43%)
India-$218M (-4.16%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Precious stones, metals, & pearls were:
Switzerland $120B
United States $78.4B
United Arab Emirates $61.8B
In 2022, Belgium's main importing competitors in Precious stones, metals, & pearls were:
Switzerland $115B
United Arab Emirates $87.9B
China $87.8B

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $584M
TOP IMPORT POTENTIALGermany+ $180M

Precious stones, metals, & pearls’s highest export potential is Germany. With an export gap of $584M.   Precious stones, metals, & pearls’s highest import potential is Germany with an import gap of $180M.

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