Gold in Belgium | The Observatory of Economic Complexity

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Exports In 2023, Belgium exported $1.24B in Gold, making it the 57th largest exporter of Gold in the world. At the same year, Gold was the 58th most exported product in Belgium. The main destination of Gold exports from Belgium are: Germany ($706M), Switzerland ($195M), Italy ($140M), United States ($87.1M), and United Arab Emirates ($43.2M).

The fastest growing export markets for Gold of Belgium between 2022 and 2023 were United States ($84.9M), Italy ($83.5M), and Netherlands ($1.62M).

Imports In 2023, Belgium imported $582M in Gold, becoming the 35th largest importer of Gold in the world. At the same year, Gold was the 124th most imported product in Belgium. Belgium imports Gold primarily from: Italy ($187M), South Africa ($89.4M), Switzerland ($59.9M), United Arab Emirates ($53M), and Germany ($49.6M).

The fastest growing import markets in Gold for Belgium between 2022 and 2023 were Italy ($171M), United Arab Emirates ($20.5M), and Peru ($18.6M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Gold exports accounted up to €34.5M and imports accounted up to €42.3M, resulting in a negative trade balance of €7.76M. Between October 2023 and October 2024 the exports of Belgium's Gold have decreased by €-42.7M (-55.3%) from €77.2M to €34.5M, while imports increased by €11.7M (38.3%) from €30.6M to €42.3M.

Destinations In October 2024, Gold were exported mostly to Switzerland (€21.4M), Netherlands (€5.43M), Germany (€3.33M), United Arab Emirates (€3.19M), and Italy (€583k), and were imported mostly from South Africa (€10.2M), Germany (€8.17M), Switzerland (€5.89M), Luxembourg (€5.88M), and Netherlands (€5.78M).

Growth In October 2024, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates (€-16M or -97.1%), Turkey (€-10.9M or -95.6%), and Poland (€-275k or -47.3%). In October 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Netherlands (€3.7M or 741%), South Africa (€1.85M or 146%), and Luxembourg (€1.04M or 83.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€-42.7M(-55.3%)

IMPORT GROWTH (October 2023 - October 2024)€11.7M(38.3%)

MAIN DESTINATION (October 2024)Switzerland€21.4M

This section shows Gold'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 Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.24B

IMPORTS (2023)$582M

NET TRADE (2023)$654M

In 2023, Belgium exported $1.24B in Gold. The main destinations of Belgium exports on Gold were Germany ($706M), Switzerland ($195M), Italy ($140M), United States ($87.1M), and United Arab Emirates ($43.2M).

In 2023, Belgium imported $582M in Gold, mainly from Italy ($187M), South Africa ($89.4M), Switzerland ($59.9M), United Arab Emirates ($53M), and Germany ($49.6M).

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