Precious stones, metals, & pearls in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $78.4B in Precious stones, metals, & pearls, making it the 2nd largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 8th most exported product in United States. The main destination of Precious stones, metals, & pearls exports from United States are: Switzerland ($24B), United Kingdom ($9.97B), India ($7.62B), Canada ($7.43B), and Hong Kong ($4.68B).

The fastest growing export markets for Precious stones, metals, & pearls of United States between 2021 and 2022 were Switzerland ($12.1B), Singapore ($1.11B), and Israel ($494M).

Imports In 2022, United States imported $84.8B in Precious stones, metals, & pearls, becoming the 4th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 8th most imported product in United States. United States imports Precious stones, metals, & pearls primarily from: India ($14.7B), Switzerland ($11.7B), Israel ($6.43B), Canada ($5.72B), and South Africa ($5.05B).

The fastest growing import markets in Precious stones, metals, & pearls for United States between 2021 and 2022 were Switzerland ($1.47B), Israel ($1.21B), and China ($812M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (45.6k), AMAZON SERVICES LLC (30.2k), and COSTCO WHOLESALE COPRORATION (10.8k) were at the forefront of shipping Precious stones, metals, & pearls to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Precious stones, metals, & pearls exports accounted up to $6.74B and imports accounted up to $6B, resulting in a positive trade balance of $738M. Between January 2023 and January 2024 the exports of United States' Precious stones, metals, & pearls have decreased by $-357M (-5.03%) from $7.1B to $6.74B, while imports decreased by $-482M (-7.43%) from $6.49B to $6B.

Destinations In January 2024, Precious stones, metals, & pearls were exported mostly to Switzerland ($1.62B), United Kingdom ($990M), Canada ($578M), Singapore ($509M), and Hong Kong ($491M), and were imported mostly from India ($860M), Canada ($605M), South Africa ($563M), Switzerland ($499M), and Israel ($477M).

Growth In January 2024, the decrease in Precious stones, metals, & pearls's year-by-year exports was explained primarily by a decrease in exports to Canada ($-205M or -22.2%), Hong Kong ($-174M or -40.2%), and United Kingdom ($-171M or -17.7%). In January 2024, the decrease in Precious stones, metals, & pearls's year-by-year imports was explained primarily by a decrease in imports from India ($-429M or -30.6%), Switzerland ($-211M or -51.1%), and South Africa ($-108M or -21.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-357M(-5.03%)

IMPORT GROWTH (January 2023 - January 2024)$-482M(-7.43%)

MAIN EXPORTER (January 2024)New York$3.7B

MAIN DESTINATION (January 2024)Switzerland$1.62B

This section shows Precious stones, metals, & pearls's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Precious stones, metals, & pearls over time.

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