Jewellery in United States 2021 Exports | Imports : $6.56B | $13.3B, World Rnk 7 / 210 Rnk 42 / 1216 | World Rnk 2 / 219 Rnk 34 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $332M | $1.86B, Switzerland | India
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Jewellery: -0.43, Rnk 681 / 1029
Exports In 2021, United States exported $6.56B in Jewellery, making it the 7th largest exporter of Jewellery in the world. At the same year, Jewellery was the 42nd most exported product in United States. The main destination of Jewellery exports from United States are: Switzerland ($828M), Hong Kong ($824M), Japan ($579M), Dominican Republic ($556M), and China ($524M).
The fastest growing export markets for Jewellery of United States between 2020 and 2021 were Switzerland ($332M), United Kingdom ($210M), and China ($206M).
Imports In 2021, United States imported $13.3B in Jewellery, becoming the 2nd largest importer of Jewellery in the world. At the same year, Jewellery was the 34th most imported product in United States. United States imports Jewellery primarily from: India ($3.6B), Italy ($1.48B), Thailand ($1.25B), Turkey ($822M), and Hong Kong ($718M).
The fastest growing import markets in Jewellery for United States between 2020 and 2021 were India ($1.86B), Italy ($618M), and Turkey ($501M).
Tariffs In 2019, the average tariff for United States in Jewellery was 4.42%. The countries with the highest import tariffs for Jewellery were Burundi (Most Favoured Nation duty rate treatment, 6.28%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 6.28%), Algeria (Most Favoured Nation duty rate treatment, 6.28%), Egypt (Most Favoured Nation duty rate treatment, 6.28%), and Eritrea (Most Favoured Nation duty rate treatment, 6.28%).
March 2023
Overview In March 2023 United States' Jewellery exports accounted up to $1.16B and imports accounted up to $1.07B, resulting in a positive trade balance of $85M. Between March 2022 and March 2023 the exports of United States' Jewellery have increased by $416M (56%) from $744M to $1.16B, while imports decreased by $-78.2M (-6.78%) from $1.15B to $1.07B.
Destinations In March 2023, Jewellery were exported mostly to Switzerland ($320M), Hong Kong ($129M), Taiwan ($126M), Japan ($68.8M), and China ($53.8M), and were imported mostly from India ($221M), France ($145M), Italy ($135M), Thailand ($90.7M), and Jordan ($67.5M).
Growth In March 2023, the increase in Jewellery's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($57.4M or 381%), United Arab Emirates ($51M or 410%), and Japan ($24.3M or 73.4%). In March 2023, the decrease in Jewellery's year-by-year imports was explained primarily by a decrease in imports from France ($-78.6M or -66.5%), Switzerland ($-24.1M or -74.6%), and Italy ($-14.6M or -14.2%).
EXPORT GROWTH (March 2022 - March 2023): $416M, (56%)
IMPORT GROWTH (March 2022 - March 2023): $-78.2M, (-6.78%)
MAIN EXPORTER (March 2023): New York, $724M
MAIN DESTINATION (March 2023): Switzerland, $320M
This section shows Jewellery'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 Jewellery over time.
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EXPORTS (2021): $6.56B
IMPORTS (2021): $13.3B
NET TRADE (2021): -$6.77B
In 2021, United States exported $6.56B in Jewellery. The main destinations of United States exports on Jewellery were Switzerland ($828M), Hong Kong ($824M), Japan ($579M), Dominican Republic ($556M), and China ($524M).
In 2021, United States imported $13.3B in Jewellery, mainly from India ($3.6B), Italy ($1.48B), Thailand ($1.25B), Turkey ($822M), and Hong Kong ($718M).
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Jewellery were:
In 2021, United States's main importing competitors in Jewellery were:
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