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Belgium’s Polished Trade Grows in June

Exports up 4%, imports rise 7%.
Jul 18, 2018 11:53 AM   By Rapaport News
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RAPAPORT... Belgium saw an increase in polished imports and exports in June, continuing a modest upward trend for the sector this year. The rough trade slowed in June, but figures are up overall for the year to date.

Belgium Diamond Trade Data for June 2018

$ Millions unless stated otherwise June 2018 Year-on-year change
     
Polished exports 1,041 4%
Polished imports 1,154 7%
Net polished exports (113) Deficit increased 54%
Rough exports 1,092 -8%
Rough imports 864 -13%
Net rough imports (228) Deficit increased 19%
Net diamond account 114 -3%
     
Polished exports: volume (thousand carats) 435 -6%
Average price of polished exports ($/carat) 2,395 10%
     
Apr-June 2018 Year-on-year change
     
Polished exports 2,950 1%
Polished imports 3,012 2%
Net polished exports (62) Deficit increased 7%
Rough exports 3,330 0%
Rough imports 2,763 1%
Net rough imports (567) Deficit fell 4%
Net diamond account 505 -5%
     
Jan-June 2018 Year-on-year change
     
Polished exports 6,130 1%
Polished imports 6,176 2%
Net polished exports (45) Deficit increased 2613%
Rough exports 6,850 4%
Rough imports 5,885 4%
Net rough imports (965) Deficit increased 4%
Net diamond account 919 -1%



Source: Antwerp World Diamond Centre; Rapaport calculations and archives


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, though this year that has not always been the case. 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 World Diamond Centre
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Tags: Antwerp World Diamond Centre, AWDC, Belgium, exports, net diamond account, net polished exports, Net rough imports, polished exports, polished imports, Rapaport News, rough exports, rough imports, trade data
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