Advanced Search

Belgium's April Polished Exports -7%

Rough Imports +20%

May 9, 2012 1:06 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Belgium exported $942.8 million worth of polished diamonds in April, representing a drop of 6.7 percent year on year, according to data provided by the Antwerp World Diamond Centre. Polished imports fell 7.7 percent to $931 million, leaving net exports of $11.5 million compared with only $2 million in April 2011.

Rough diamond imports surged 19.9 percent year on year to $1.028 billion while rough exports rose 5.9 percent to $1.195 billion. Belgium recorded a net rough diamond import deficit of $167.1 million compared with a deficit of $271.6 million one year ago. The net diamond account for Belgium, which removes imports from exports, fell 35 percent year on year to $178.6 million.

Polished exports for the January through April time frame rose only 1.6 percent to $4.515 billion, while polished imports jumped 10.3 percent to $4.644 billion, creating a net polished diamond export deficit of $129 million. Rough imports increased 6.4 percent to $4.509 billion, while exports rose 3.3 percent to $4.804 billion, thereby leading to a rough diamond import deficit of $295 million. Belgium's net diamond account for the first four months of 2012 fell 74 percent year on year to $166 million.

Tags: Belgium, deficit, diamonds, exports, imports, Jeff Miller, trade
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.