HS Icon Precious metals, gems and jewelry in  Flag United Arab Emirates

2019
Exports | Imports
: $44.8B | $58.5B, World Rnk 3 / 221
Flag Rnk 2 / 96 | World Rnk 4 / 223
Flag Rnk 1 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $4.46B | $1.89B, Switzerland |  Mali

2019
ECONOMIC COMPLEXITY of United Arab Emirates
: 0.17, Rnk 61 / 147

2019
PRODUCT COMPLEXITY  IN Precious metals, gems and jewelry
: -1.95, Rnk 95 / 96

Exports: In 2019, United Arab Emirates exported $44.8B in Precious metals, gems and jewelry, making it the 3rd largest exporter of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 2nd most exported product in United Arab Emirates. The main destination of Precious metals, gems and jewelry exports from United Arab Emirates are: Switzerland ($14.9B), India ($8.79B), Turkey ($3.68B), Hong Kong ($3.45B), and Saudi Arabia ($2.38B).

The fastest growing export markets for Precious metals, gems and jewelry of United Arab Emirates between 2018 and 2019 were Switzerland ($4.46B), India ($1.15B), and Oman ($443M).

Imports: In 2019, United Arab Emirates imported $58.5B in Precious metals, gems and jewelry, becoming the 4th largest importer of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 1st most imported product in United Arab Emirates. United Arab Emirates imports Precious metals, gems and jewelry primarily from: India ($10.4B), Hong Kong ($3.52B), Mali ($3.22B), United Kingdom ($2.65B), and Guinea ($2.24B).

The fastest growing import markets in Precious metals, gems and jewelry for United Arab Emirates between 2018 and 2019 were Mali ($1.89B), Singapore ($945M), and Afghanistan ($876M).

Tariffs: In 2018, the average tariff for United Arab Emirates in Precious metals, gems and jewelry was 2.91%. The countries with the highest import tariffs for Precious metals, gems and jewelry were Angola (Most Favoured Nation duty rate treatement, 3.23%), Burundi (Most Favoured Nation duty rate treatement, 3.23%), Benin (Most Favoured Nation duty rate treatement, 3.23%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.23%), and Botswana (Most Favoured Nation duty rate treatement, 3.23%).

Historical Data

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Value

EXPORTS (2019): $44.8B

IMPORTS (2019): $58.5B

NET TRADE (2019): -$13.7B

In 2019, United Arab Emirates exported $44.8B in Precious metals, gems and jewelry. The main destinations of United Arab Emirates exports on Precious metals, gems and jewelry were Switzerland ($14.9B), India ($8.79B), Turkey ($3.68B), Hong Kong ($3.45B), and Saudi Arabia ($2.38B).

In 2019, United Arab Emirates imported $58.5B in Precious metals, gems and jewelry, mainly from India ($10.4B), Hong Kong ($3.52B), Mali ($3.22B), United Kingdom ($2.65B), and Guinea ($2.24B).

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IN 2019, United Arab Emirates HAD A POSITIVE NET TRADE IN Precious metals, gems and jewelry WITH:

IN 2019, United Arab Emirates HAD A NEGATIVE NET TRADE IN Precious metals, gems and jewelry WITH:

Flow

THE FASTEST GROWING Precious metals, gems and jewelry EXPORT MARKETS FOR United Arab Emirates WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious metals, gems and jewelry BY United Arab Emirates WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United Arab Emirates's main exporting competitors in Precious metals, gems and jewelry were:

In 2018, United Arab Emirates's main importing competitors in Precious metals, gems and jewelry were:

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Tariffs by Country

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In 2018, the average tariff for United Arab Emirates in Precious metals, gems and jewelry was 2.91%.

The countries with the highest tariffs for Precious metals, gems and jewelry in United Arab Emirates were Angola (Most Favoured Nation duty rate treatement, 3.23%), Burundi (Most Favoured Nation duty rate treatement, 3.23%), Benin (Most Favoured Nation duty rate treatement, 3.23%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.23%), and Botswana (Most Favoured Nation duty rate treatement, 3.23%).