Precious metals, gems and jewelry in India

2019
Exports | Imports
: $38.9B | $60.8B, World Rnk 5 / 221
Flag Rnk 2 / 96 | World Rnk 3 / 223
Flag Rnk 2 / 96

2019
Destination | Origin
: $10.4B | $16.6B, United Arab Emirates | Switzerland

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $382M | $1.15B, Turkey |  United Arab Emirates

2019
ECONOMIC COMPLEXITY of India
: 0.62, Rnk 46 / 157

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

Exports: In 2019, India exported $38.9B in Precious metals, gems and jewelry, making it the 5th 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 India. The main destination of Precious metals, gems and jewelry exports from India are: United Arab Emirates ($10.4B), United States ($10.1B), Hong Kong ($9.89B), Belgium ($1.93B), and Israel ($907M).

The fastest growing export markets for Precious metals, gems and jewelry of India between 2018 and 2019 were Turkey ($382M), France ($32.6M), and Malaysia ($30.5M).

Imports: In 2019, India imported $60.8B in Precious metals, gems and jewelry, becoming the 3rd largest importer of Precious metals, gems and jewelry in the world. At the same year, Precious metals, gems and jewelry was the 2nd most imported product in India. India imports Precious metals, gems and jewelry primarily from: Switzerland ($16.6B), United Arab Emirates ($8.79B), United States ($6.45B), Belgium ($5.12B), and Hong Kong ($4.79B).

The fastest growing import markets in Precious metals, gems and jewelry for India between 2018 and 2019 were United Arab Emirates ($1.15B), South Africa ($684M), and Switzerland ($586M).

Tariffs: In 2018, the average tariff for India in Precious metals, gems and jewelry was 9.6%. The countries with the highest import tariffs for Precious metals, gems and jewelry were Chile (11.9%), Angola (11.7%), Botswana (11.7%), Cote d'Ivoire (11.7%), and Cameroon (11.7%).

Value

EXPORTS (2019): $38.9B

IMPORTS (2019): $60.8B

NET TRADE (2019): -$21.9B

In 2019, India exported $38.9B in Precious metals, gems and jewelry. The main destinations of India exports on Precious metals, gems and jewelry were United Arab Emirates ($10.4B), United States ($10.1B), Hong Kong ($9.89B), Belgium ($1.93B), and Israel ($907M).

In 2019, India imported $60.8B in Precious metals, gems and jewelry, mainly from Switzerland ($16.6B), United Arab Emirates ($8.79B), United States ($6.45B), Belgium ($5.12B), and Hong Kong ($4.79B).

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

IN 2019, India HAD A NEGATIVE NET TRADE IN Precious metals, gems and jewelry WITH:

Flow

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

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

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Market Concentration

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

In 2018, India'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 India in Precious metals, gems and jewelry was 9.6%.

The countries with the highest tariffs for Precious metals, gems and jewelry in India were Chile (11.9%), Angola (11.7%), Botswana (11.7%), Cote d'Ivoire (11.7%), and Cameroon (11.7%).

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