2023
Exports
$58.1MWorld Rnk 24 / 164
Flag Rnk 550 / 1216
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$44.5MWorld Rnk 17 / 184
Flag Rnk 638 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $58.1M in Precious Stones, making it the 24th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 550th most exported product in Belgium. The main destination of Precious Stones exports from Belgium are: France ($26.7M), United States ($7.14M), Singapore ($6.96M), Switzerland ($4.16M), and Israel ($3.72M).

The fastest growing export markets for Precious Stones of Belgium between 2022 and 2023 were France ($7.94M), Singapore ($5.03M), and Switzerland ($3.02M).

Imports In 2023, Belgium imported $44.5M in Precious Stones, becoming the 17th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 638th most imported product in Belgium. Belgium imports Precious Stones primarily from: India ($7.61M), Israel ($7M), United States ($5.78M), Thailand ($4.96M), and Switzerland ($3.36M).

The fastest growing import markets in Precious Stones for Belgium between 2022 and 2023 were India ($4.94M), Israel ($4.02M), and Switzerland ($1.58M).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€79.5k(43.6%)
IMPORT GROWTH (October 2023 - October 2024)€-2.9M(-72.7%)
MAIN DESTINATION (October 2024)United Kingdom€116k

This section shows Precious Stones'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$58.1M
IMPORTS (2023)$44.5M
NET TRADE (2023)$13.6M

In 2023, Belgium exported $58.1M in Precious Stones. The main destinations of Belgium exports on Precious Stones were France ($26.7M), United States ($7.14M), Singapore ($6.96M), Switzerland ($4.16M), and Israel ($3.72M).

In 2023, Belgium imported $44.5M in Precious Stones, mainly from India ($7.61M), Israel ($7M), United States ($5.78M), Thailand ($4.96M), and Switzerland ($3.36M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$7.94M (42.3%)
Singapore$5.03M (259%)
Switzerland$3.02M (264%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Belgium WERE (2022 - 2023):
Hong Kong-$11.5M (-87%)
India-$10.3M (-98.9%)
United States-$8.14M (-53.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Precious Stones were:
In 2023, Belgium's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $6.31M
TOP IMPORT POTENTIALIndia+ $3.27M

Precious Stones’s highest export potential is France. With an export gap of $6.31M.   Precious Stones’s highest import potential is India with an import gap of $3.27M.

See methodology.

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