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Belgium Trade Increases in July
Aug 14, 2018 9:57 AM
By Rapaport News
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RAPAPORT... Belgium saw a jump in rough and polished shipments in
July, reflecting higher average prices, according to data the Antwerp World
Diamond Centre (AWDC) released this week. Imports and exports of both
categories for the first seven months of 2018 are also higher than they were in
the same period last year.
Belgium Diamond Trade Data for July 2018
| $ Millions unless stated otherwise |
July 2018 |
Year-on-year change |
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| Polished exports |
1,097 |
8% |
| Polished imports |
940 |
28% |
| Net polished exports |
157 |
-43% |
| Rough imports |
956 |
23% |
| Rough exports |
1,329 |
18% |
| Net rough imports |
(374) |
Deficit increased 8% |
| Net diamond account |
530 |
-15% |
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| Polished exports: volume (thousand carats) |
461 |
-4% |
| Average price of polished exports ($/carat) |
2,381 |
13% |
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Jan-July 2018 |
Year-on-year change |
| Polished exports |
7,227 |
2% |
| Polished imports |
7,117 |
5% |
| Net polished exports |
110 |
-60% |
| Rough imports |
6,841 |
6% |
| Rough exports |
8,177 |
6% |
| Net rough imports |
(1,336) |
Deficit increased 5% |
| Net diamond account |
1,446 |
-7% |
Source: Antwerp World Diamond Centre; Rapaport calculations
About the data: Belgium is usually a net exporter of polished diamonds. As
such, net
polished exports — representing polished exports minus polished
imports — will normally be a positive number. The nation is also a net exporter
of rough. While Antwerp is home to some high-value manufacturing, its main role
in the market is as a facilitator of rough-diamond trading, with companies from
around the world coming to the city to buy rough. The net diamond
account is total rough and polished exports minus total
imports. It is Belgium’s diamond trade balance, and shows the added value the
nation creates by exporting rough or manufacturing it into polished.
Main image: Antwerp World Diamond Centre
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Tags:
Antwerp, Antwerp World Diamond Centre, AWDC, Belgium, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports
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