Precious Stones in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $16.9M in Precious Stones, making it the 29th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 699th most exported product in Canada. The main destination of Precious Stones exports from Canada are: United States ($9.97M), Thailand ($1.92M), China ($1.11M), Hong Kong ($888k), and Mexico ($615k).

The fastest growing export markets for Precious Stones of Canada between 2021 and 2022 were United States ($4.98M), Thailand ($1.64M), and China ($699k).

Imports In 2022, Canada imported $27M in Precious Stones, becoming the 19th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 817th most imported product in Canada. Canada imports Precious Stones primarily from: United States ($10.3M), Thailand ($3.67M), India ($2.7M), Brazil ($2.25M), and Sri Lanka ($1.69M).

The fastest growing import markets in Precious Stones for Canada between 2021 and 2022 were United States ($2.98M), Mozambique ($597k), and Israel ($364k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Precious Stones from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Precious Stones exports accounted up to C$4.14M and imports accounted up to C$1.32M, resulting in a positive trade balance of C$2.82M. Between January 2023 and January 2024 the exports of Canada's Precious Stones have increased by C$1.7M (69.6%) from C$2.44M to C$4.14M, while imports decreased by C$-784k (-37.2%) from C$2.11M to C$1.32M.

Destinations In January 2024, Precious Stones were exported mostly to United States (C$3.4M), China (C$396k), Hong Kong (C$178k), Germany (C$134k), and Sri Lanka (C$29.5k), and were imported mostly from United States (C$294k), India (C$226k), Sri Lanka (C$207k), Thailand (C$179k), and Brazil (C$150k).

Growth In January 2024, the increase in Precious Stones's year-by-year exports was explained primarily by an increase in exports to United States (C$1.24M or 127%) and China (C$130k or 308%). In January 2024, the decrease in Precious Stones's year-by-year imports was explained primarily by a decrease in imports from Brazil (C$-282k or -63.8%), India (C$-138k or -37.2%), and United States (C$-90.9k or -33%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$1.7M(69.6%)

IMPORT GROWTH (January 2023 - January 2024)C$-784k(-37.2%)

MAIN EXPORTER (January 2024)OntarioC$3.28M

MAIN DESTINATION (January 2024)United StatesC$3.4M

This section shows Precious Stones's exports and imports data at subnational level for Canada. 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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$16.9M

IMPORTS (2022)$27M

NET TRADE (2022)-$10.1M

In 2022, Canada exported $16.9M in Precious Stones. The main destinations of Canada exports on Precious Stones were United States ($9.97M), Thailand ($1.92M), China ($1.11M), Hong Kong ($888k), and Mexico ($615k).

In 2022, Canada imported $27M in Precious Stones, mainly from United States ($10.3M), Thailand ($3.67M), India ($2.7M), Brazil ($2.25M), and Sri Lanka ($1.69M).

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