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2023
Exports $11.6BWorld Rnk 2 / 135
Flag Rnk 6 / 1216
2023
Destination $212M United Arab Emirates
2022 - 2023
FASTEST GROWING MARKET $212MHong Kong
2023
PRODUCT COMPLEXITY IN Diamonds-1.54Rnk 950 / 1025
2023
Imports $10BWorld Rnk 5 / 158
Flag Rnk 8 / 1213
2023
Origin $100M India
2022 - 2023
FASTEST GROWING ORIGIN $100MChina
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $11.6B in Diamonds, making it the 2nd largest exporter of Diamonds in the world. At the same year, Diamonds was the 6th most exported product in Belgium. The main destination of Diamonds exports from Belgium are: United Arab Emirates ($2.24B), United States ($1.98B), India ($1.78B), China ($1.2B), and Hong Kong ($1.19B).

The fastest growing export markets for Diamonds of Belgium between 2022 and 2023 were Hong Kong ($212M), France ($93.1M), and Japan ($32.6M).

Imports In 2023, Belgium imported $10B in Diamonds, becoming the 5th largest importer of Diamonds in the world. At the same year, Diamonds was the 8th most imported product in Belgium. Belgium imports Diamonds primarily from: India ($2.2B), Canada ($1.66B), United Arab Emirates ($1.24B), Botswana ($1.08B), and Angola ($990M).

The fastest growing import markets in Diamonds for Belgium between 2022 and 2023 were China ($100M), Thailand ($92.9M), and United States ($89.6M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Diamonds exports accounted up to €366M and imports accounted up to €493M, resulting in a negative trade balance of €127M. Between October 2023 and October 2024 the exports of Belgium's   Diamonds have decreased by €-467M (-56.1%) from €833M to €366M, while imports decreased by €-135M (-21.5%) from €628M to €493M.

Destinations In October 2024, Diamonds were exported mostly to United Arab Emirates (€109M), India (€83.6M), Switzerland (€42.6M), United States (€37.7M), and Israel (€19.4M), and were imported mostly from India (€143M), Canada (€89.5M), Botswana (€39M), Israel (€38.7M), and Angola (€38.6M).

Growth In October 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to India (€-164M or -43.6%), United Arab Emirates (€-142M or -53.1%), and United Kingdom (€-33.2M or -78.8%). In October 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-51M or -91.7%), Switzerland (€-31.1M or -99.9%), and United States (€-30.6M or -93.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-467M(-56.1%)
IMPORT GROWTH (October 2023 - October 2024)€-135M(-21.5%)
MAIN DESTINATION (October 2024)United Arab Emirates€109M

This section shows Diamonds'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 Diamonds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.6B
IMPORTS (2023)$10B
NET TRADE (2023)$1.56B

In 2023, Belgium exported $11.6B in Diamonds. The main destinations of Belgium exports on Diamonds were United Arab Emirates ($2.24B), United States ($1.98B), India ($1.78B), China ($1.2B), and Hong Kong ($1.19B).

In 2023, Belgium imported $10B in Diamonds, mainly from India ($2.2B), Canada ($1.66B), United Arab Emirates ($1.24B), Botswana ($1.08B), and Angola ($990M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Hong Kong$212M (21.6%)
France$93.1M (20.4%)
Japan$32.6M (38.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Belgium WERE (2022 - 2023):
India-$3.41B (-65.6%)
Israel-$891M (-57.8%)
United States-$849M (-30.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Diamonds were:
India $21B
United Arab Emirates $11.4B
In 2023, Belgium's main importing competitors in Diamonds were:
United States $18.4B
United Arab Emirates $16.7B
India $15.8B

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $197M
TOP IMPORT POTENTIALUnited States+ $107M

Diamonds’s highest export potential is France. With an export gap of $197M.   Diamonds’s highest import potential is United States with an import gap of $107M.

See methodology.

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