2023
Exports
$31.1BWorld Rnk 9 / 221
Flag Rnk 3 / 96
2023
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.86Rnk 225 / 1025
2023
Imports
$8.6BWorld Rnk 18 / 223
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $31.1B in Precious stones, metals, & pearls, making it the 9th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 3rd most exported product in Australia. The main destination of Precious stones, metals, & pearls exports from Australia are: China ($8.59B), Hong Kong ($5.98B), Switzerland ($5.41B), India ($2.37B), and United Kingdom ($2.23B).

The fastest growing export markets for Precious stones, metals, & pearls of Australia between 2022 and 2023 were Switzerland ($2.34B), United Kingdom ($2.17B), and Hong Kong ($1.96B).

Imports In 2023, Australia imported $8.6B in Precious stones, metals, & pearls, becoming the 18th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 7th most imported product in Australia. Australia imports Precious stones, metals, & pearls primarily from: United States ($1.98B), Papua New Guinea ($1.87B), China ($497M), New Zealand ($492M), and India ($378M).

The fastest growing import markets in Precious stones, metals, & pearls for Australia between 2022 and 2023 were United States ($837M), China ($235M), and Papua New Guinea ($223M).

COMPANIES In 2023, leading companies such as QVC Inc (1) were at the forefront of shipping Precious stones, metals, & pearls from Australia to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Precious stones, metals, & pearls. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$31.1B
IMPORTS (2023)$8.6B
NET TRADE (2023)$22.5B

In 2023, Australia exported $31.1B in Precious stones, metals, & pearls. The main destinations of Australia exports on Precious stones, metals, & pearls were China ($8.59B), Hong Kong ($5.98B), Switzerland ($5.41B), India ($2.37B), and United Kingdom ($2.23B).

In 2023, Australia imported $8.6B in Precious stones, metals, & pearls, mainly from United States ($1.98B), Papua New Guinea ($1.87B), China ($497M), New Zealand ($492M), and India ($378M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Switzerland$2.34B (76.3%)
United Kingdom$2.17B (3.47k%)
Hong Kong$1.96B (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY Australia WERE (2022 - 2023):
China-$1.71B (-16.6%)
Thailand-$374M (-66.4%)
Malaysia-$353M (-65%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Precious stones, metals, & pearls were:
In 2023, Australia's main importing competitors in Precious stones, metals, & pearls were:

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $786M
TOP IMPORT POTENTIALIndia+ $143M

Precious stones, metals, & pearls’s highest export potential is India. With an export gap of $786M.   Precious stones, metals, & pearls’s highest import potential is India with an import gap of $143M.

See methodology.

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