Exports In 2021, India exported $10.7B in Jewellery, making it the 2nd largest exporter of Jewellery in the world. At the same year, Jewellery was the 4th most exported product in India. The main destination of Jewellery exports from India are: United States ($3.6B), United Arab Emirates ($2.73B), Hong Kong ($2.01B), Singapore ($566M), and United Kingdom ($381M).
The fastest growing export markets for Jewellery of India between 2020 and 2021 were United States ($1.86B), United Arab Emirates ($401M), and Singapore ($361M).
Imports In 2021, India imported $770M in Jewellery, becoming the 22nd largest importer of Jewellery in the world. At the same year, Jewellery was the 117th most imported product in India. India imports Jewellery primarily from: United States ($334M), United Arab Emirates ($176M), Italy ($47.4M), Bahrain ($44.9M), and Hong Kong ($34.5M).
The fastest growing import markets in Jewellery for India between 2020 and 2021 were United States ($157M), United Arab Emirates ($97.4M), and Bahrain ($44.9M).
Tariffs In 2019, the average tariff for India in Jewellery was 16.3%. The countries with the highest import tariffs for Jewellery were Angola (Most Favoured Nation duty rate treatment, 20%), Botswana (Most Favoured Nation duty rate treatment, 20%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 20%), Cameroon (Most Favoured Nation duty rate treatment, 20%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 20%).