Precious Stones in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $72.7M in Precious Stones, making it the 21st largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 501st most exported product in Belgium. The main destination of Precious Stones exports from Belgium are: France ($19.6M), United Arab Emirates ($11.9M), India ($10.1M), United States ($8.3M), and Hong Kong ($7.03M).

The fastest growing export markets for Precious Stones of Belgium between 2021 and 2022 were France ($7.4M), India ($5.58M), and United Arab Emirates ($4.58M).

Imports In 2022, Belgium imported $78.6M in Precious Stones, becoming the 16th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 572nd most imported product in Belgium. Belgium imports Precious Stones primarily from: United States ($26.1M), Brazil ($14.9M), Thailand ($9.63M), Switzerland ($5.32M), and Tanzania ($4.73M).

The fastest growing import markets in Precious Stones for Belgium between 2021 and 2022 were Brazil ($4.98M), Tanzania ($4.73M), and Switzerland ($2.32M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Precious Stones from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Precious Stones exports accounted up to €399k and imports accounted up to €2.35M, resulting in a negative trade balance of €1.95M. Between December 2022 and December 2023 the exports of Belgium's Precious Stones have decreased by €-1.42M (-78.1%) from €1.82M to €399k, while imports increased by €968k (70.2%) from €1.38M to €2.35M.

Destinations In December 2023, Precious Stones were exported mostly to United States (€108k), Switzerland (€104k), Italy (€71.9k), Cyprus (€63.8k), and India (€27.6k), and were imported mostly from India (€978k), Israel (€926k), France (€142k), Zambia (€105k), and Sri Lanka (€42.3k).

Growth In December 2023, the decrease in Precious Stones's year-by-year exports was explained primarily by a decrease in exports to United States (€-242k or -59.2%) and Switzerland (€-15.1k or -7.87%). In December 2023, the increase in Precious Stones's year-by-year imports was explained primarily by an increase in imports from Thailand (€251k or 51.3%), Israel (€198k or 287%), and Germany (€7.5k or 494%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-1.42M(-78.1%)

IMPORT GROWTH (December 2022 - December 2023)€968k(70.2%)

MAIN DESTINATION (December 2023)United States€108k

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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