2022
Exports
$41.6BWorld Rnk 6 / 220
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.58Rnk 328 / 1025
2022
Imports
$68.4BWorld Rnk 6 / 225
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $41.6B in Precious stones, metals, & pearls, making it the 6th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 2nd most exported product in India. The main destination of Precious stones, metals, & pearls exports from India are: United States ($14.7B), Hong Kong ($8.53B), United Arab Emirates ($6.06B), Belgium ($3.03B), and Thailand ($1.52B).

The fastest growing export markets for Precious stones, metals, & pearls of India between 2021 and 2022 were United Arab Emirates ($723M), Belgium ($487M), and Singapore ($407M).

Imports In 2022, India imported $68.4B in Precious stones, metals, & pearls, becoming the 6th largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 2nd most imported product in India. India imports Precious stones, metals, & pearls primarily from: United Arab Emirates ($15B), Switzerland ($13.1B), United States ($7.62B), Belgium ($5.03B), and South Africa ($3.48B).

The fastest growing import markets in Precious stones, metals, & pearls for India between 2021 and 2022 were Ghana ($547M), United States ($453M), and Thailand ($421M).

COMPANIES In 2023, leading companies such as Hilti Power Tools (28), CNH Industrial (25), and Amazon (17) were at the forefront of shipping Precious stones, metals, & pearls from India to the United States.

Latest Trends

Jul 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 (2022)$41.6B
IMPORTS (2022)$68.4B
NET TRADE (2022)-$26.8B

In 2022, India exported $41.6B in Precious stones, metals, & pearls. The main destinations of India exports on Precious stones, metals, & pearls were United States ($14.7B), Hong Kong ($8.53B), United Arab Emirates ($6.06B), Belgium ($3.03B), and Thailand ($1.52B).

In 2022, India imported $68.4B in Precious stones, metals, & pearls, mainly from United Arab Emirates ($15B), Switzerland ($13.1B), United States ($7.62B), Belgium ($5.03B), and South Africa ($3.48B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR India WERE (2021 - 2022):
Belgium$487M (19.1%)
Singapore$407M (53.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY India WERE (2021 - 2022):
Hong Kong-$900M (-9.54%)
United Kingdom-$564M (-43.6%)
United States-$249M (-1.67%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Precious stones, metals, & pearls were:
In 2022, India'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 POTENTIALChina+ $500M
TOP IMPORT POTENTIALSouth Africa+ $1.12B

Precious stones, metals, & pearls’s highest export potential is China. With an export gap of $500M.   Precious stones, metals, & pearls’s highest import potential is South Africa with an import gap of $1.12B.

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