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Belgium’s November Polished Exports -12%
Dec 15, 2015 10:40 AM
By Rapaport News
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RAPAPORT... Belgium’s polished diamond
exports dropped 12 percent year on year to $920.4
million in November, according to the Antwerp World Diamond
Centre (AWDC). By volume, exports slid 16 percent to 382,491 carats, while the
average price fell 5 percent to $2,406 per carat.
Among
Belgium’s main trading partners, polished exports to Hong Kong increased 0.7
percent to $188.1 million. Exports to most other major markets declined: the
U.S. by 18 percent to $255.7 million, Israel by 27 percent to $79.6 million and
the United Arab Emirates by 21 percent to $111.2 million. Exports to
Switzerland surged 35 percent to $100.4 million, the only large percentage jump
among Belgium’s major diamond trade partners.
Total
polished imports to Belgium dived 17 percent to $770.2 million during the month
as net polished exports, representing exports minus imports, soared 33 percent
to $150.2 million.
Rough imports slumped 43 percent to $709.3
million and rough exports plummeted 54 percent to $643.4 million. Net rough
imports, representing imports minus exports, moved from $171 million
to $65.8 million during the month.
Belgium’s November
net diamond account, representing total polished and rough imports less total
exports, dived 70 percent to $84.4 million.
During
the first eleven months of the year, polished exports fell 9 percent to $12.07
billion, while polished imports dropped 8 percent to $11.83 billion. Rough
imports declined 26 percent to $10.28 billion and rough exports slipped 28
percent to $10.4 billion.
Belgium’s year-to-date net
diamond account shrank 64 percent to $357.2 million.
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Tags:
Belgium, data, imports and exports, polished, Rapaport News, rough
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