HS Icon Precious metals, gems and jewelry in  Flag United Kingdom

2019
Exports | Imports
: $39.7B | $83.6B, World Rnk 4 / 221
Flag Rnk 4 / 96 | World Rnk 2 / 223
Flag Rnk 1 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.85B | $14.6B, China |  Switzerland

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

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

Exports: In 2019, United Kingdom exported $39.7B in Precious metals, gems and jewelry, making it the 4th largest exporter of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 4th most exported product in United Kingdom. The main destination of Precious metals, gems and jewelry exports from United Kingdom are: China ($8.74B), Switzerland ($7.48B), United States ($3.51B), United Arab Emirates ($2.65B), and Azerbaijan ($2.15B).

The fastest growing export markets for Precious metals, gems and jewelry of United Kingdom between 2018 and 2019 were China ($2.85B), United States ($2.39B), and Azerbaijan ($1.28B).

Imports: In 2019, United Kingdom imported $83.6B in Precious metals, gems and jewelry, becoming the 2nd 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 Kingdom. United Kingdom imports Precious metals, gems and jewelry primarily from: Switzerland ($16.8B), Canada ($9.47B), Australia ($8.59B), United States ($8.53B), and Russia ($7.53B).

The fastest growing import markets in Precious metals, gems and jewelry for United Kingdom between 2018 and 2019 were Switzerland ($14.6B), Australia ($7.09B), and Russia ($6.07B).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Precious metals, gems and jewelry exports accounted up to £4.67B and imports accounted up to £4.73B, resulting in a negative trade balance of £64.4M. Between April 2020 and April 2021 the exports of United Kingdom's   Precious metals, gems and jewelry have decreased by £-1.16B (-19.9%) from £5.82B to £4.67B, while imports increased by £348M (7.95%) from £4.38B to £4.73B.

Destinations: In April 2021, Precious metals, gems and jewelry were exported mostly to Switzerland (£1.4B), Hungary (£829M), Germany (£601M), United Arab Emirates (£389M), and United States (£333M), and were imported mostly from Russia (£1.11B), United States (£765M), South Africa (£658M), Canada (£410M), and Switzerland (£229M).

Growth: In April 2021, the decrease in Precious metals, gems and jewelry's year-by-year exports was explained primarily by a decrease in exports to Switzerland (£-1.97B or -58.5%), Canada (£-358M or -79.1%), and Austria (£-294M or -96.3%). In April 2021, the increase in Precious metals, gems and jewelry's year-by-year imports was explained primarily by an increase in imports from South Africa (£594M or 919%), China (£208M or 1.5k%), and Switzerland (£191M or 493%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £-1.16B, (-19.9%)

IMPORT GROWTH (April 2020 - April 2021): £348M, (7.95%)

MAIN EXPORTER (April 2021): London Heathrow Airport, £3.37B

MAIN DESTINATION (April 2021): Switzerland, £1.4B

This section shows Precious metals, gems and jewelry's exports and imports data at subnational level for United Kingdom. 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 metals, gems and jewelry over time.

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Historical Data

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Value

EXPORTS (2019): $39.7B

IMPORTS (2019): $83.6B

NET TRADE (2019): -$43.9B

In 2019, United Kingdom exported $39.7B in Precious metals, gems and jewelry. The main destinations of United Kingdom exports on Precious metals, gems and jewelry were China ($8.74B), Switzerland ($7.48B), United States ($3.51B), United Arab Emirates ($2.65B), and Azerbaijan ($2.15B).

In 2019, United Kingdom imported $83.6B in Precious metals, gems and jewelry, mainly from Switzerland ($16.8B), Canada ($9.47B), Australia ($8.59B), United States ($8.53B), and Russia ($7.53B).

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

IN 2019, United Kingdom 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 Kingdom WERE (2018 - 2019):

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

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Market Concentration

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Flow
Type

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

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

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