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2022
Exports $72.7MWorld Rnk 21 / 162
Flag Rnk 501 / 1213
2022
Destination $7.4M France
2021 - 2022
FASTEST GROWING MARKET $7.4MFrance
2022
PRODUCT COMPLEXITY IN Precious Stones-1.14Rnk 866 / 1025
2022
Imports $78.6MWorld Rnk 16 / 185
Flag Rnk 572 / 1214
2022
Origin $4.98M United States
2021 - 2022
FASTEST GROWING ORIGIN $4.98MBrazil
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

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).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Precious Stones exports accounted up to €57k and imports accounted up to €1.93M, resulting in a negative trade balance of €1.87M. Between July 2023 and July 2024 the exports of Belgium's   Precious Stones have decreased by €-2.44M (-97.7%) from €2.5M to €57k, while imports increased by €940k (94.8%) from €992k to €1.93M.

Destinations In July 2024, Precious Stones were exported mostly to United States (€32.9k), Australia (€10.5k), Poland (€5.13k), Thailand (€4.05k), and Sweden (€3.95k), and were imported mostly from Thailand (€971k), Sri Lanka (€333k), Kenya (€249k), United States (€186k), and India (€153k).

Growth In July 2024, 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 July 2024, 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
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-2.44M(-97.7%)
IMPORT GROWTH (July 2023 - July 2024)€940k(94.8%)
MAIN DESTINATION (July 2024)United States€32.9k

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 (2022)$72.7M
IMPORTS (2022)$78.6M
NET TRADE (2022)-$5.85M

In 2022, Belgium exported $72.7M in Precious Stones. The main destinations of Belgium exports on Precious Stones were France ($19.6M), United Arab Emirates ($11.9M), India ($10.1M), United States ($8.3M), and Hong Kong ($7.03M).

In 2022, Belgium imported $78.6M in Precious Stones, mainly from United States ($26.1M), Brazil ($14.9M), Thailand ($9.63M), Switzerland ($5.32M), and Tanzania ($4.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$7.4M (60.6%)
India$5.58M (123%)
United Arab Emirates$4.58M (62.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Belgium WERE (2021 - 2022):
Hong Kong-$1.23M (-14.9%)
Israel-$408k (-9.64%)
Sweden-$326k (-100%)
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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 were:
Burma $4.13B
Thailand $1.37B
United States $1.37B
In 2022, Belgium's main importing competitors in Precious Stones were:
China $4.35B
United States $1.68B
Hong Kong $1.32B

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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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