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Belgium Sees Monthly Exports Falter

November polished shipments down 11% amid lower average price.
Dec 18, 2018 10:24 AM   By Rapaport News
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RAPAPORT...
Belgium’s polished trade dropped in November, according to data from the Antwerp World Diamond Centre. Exports fell 11% amid a lower average price, with volumes down 1%. Rough shipments also declined. However, polished trading is up for the year to date, with rough mostly flat.

Millions unless stated otherwise Nov 2018 Year-on-year change
     
Polished exports $863.8 -11%
Polished imports $787.0 -10%
Net polished exports $76.8 -16%
Rough imports $872.2 -12%
Rough exports $841.3 -34%
Net rough imports $30.9 2017: Deficit of $297.6M
Net diamond account $45.9 -88%
     
Polished exports: volume 386,353 carats -1%
Average price of polished exports $2,236/carat -10%
     
     
  Jan-Nov 2018 Year-on-year change
Polished exports $10,693.8 2%
Polished imports $10,736.4 4%
Net polished exports Deficit of $42.6M 2017: Surplus of $175.8M
Rough imports $9,915.3 0%
Rough exports $11,350.8 -1%
Net rough imports Deficit of $1.44B 2017: Deficit of $1.46B
Net diamond account $1,392.9 -15%
     
Polished exports: volume 4,416,721 carats -2%
Average price of polished exports $2,421/carat 5%



Based on data from the Antwerp World Diamond Centre

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.

Image: Antwerp Diamond Bourse.
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Tags: Antwerp World Diamond Centre, Belgium, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports
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