Advanced Search

Belgium Oct. Polished Imports Exceed Exports by 24%

Nov 15, 2007 11:54 AM   By Avi Krawitz
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Belgium’s polished diamond exports rose 17 percent to $946.07 million in October 2007. The Antwerp World Diamond Center reported that polished imports jumped 43 percent to $1.17 billion, causing the country’s net polished exports (polished exports less imports) to plummet 15-fold to an export deficit of  $228.37 million.

Rough imports to Belgium rose 12 percent to $986.57 million, while rough exports grew 15 percent to $972.71 million. The country’s net rough imports (rough imports minus exports) decreased 55 percent to $13.86 million for the month.

Belgium’s October net diamond account (net polished exports less net rough imports) fell 435 percent to a net export deficit of $242.23 million.

Year-to-date polished exports from Belgium have grown 11 percent to $8.8 billion and polished imports have risen 10 percent to $8.4 billion. The net polished export figure for January through October 2007 increased 72 percent to $393.8 million.

Year-to-date rough imports have risen 13 percent to $8.58 billion, and exports have grown 19 percent to $9.43 billion. Net rough imports fell 209 percent to an import deficit of  $843.31 million.

When subtracting the net rough imports from net polished exports though, Belgium's year to date net diamond account rose 146 percent to $1.23 billion.

Among Belgium’s customers, India showed the biggest growth for October, increasing its imports of Belgium polished by 313 percent to $45.9 million. China imports rose 84 percent to $24.78 million, while increases were also shown from Israel and the United states, which each increased their Belgium purchases by 17 percent.


Tags: Belgium, China, India, Israel, United States
Similar Articles
Pandora 150Pandora Launches Bangkok Factory
Jun 17, 2018
Pandora has opened a new manufacturing center in Bangkok, Thailand, aiming to speed up production and comply with
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.