2023
Exports
$322MWorld Rnk 12 / 164
Flag Rnk 81 / 1209
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$213MWorld Rnk 10 / 184
Flag Rnk 210 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $322M in Precious Stones, making it the 12th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 81st most exported product in United Arab Emirates. The main destination of Precious Stones exports from United Arab Emirates are: Hong Kong ($152M), Qatar ($40.9M), Mozambique ($28.4M), United States ($17.9M), and United Kingdom ($15.5M).

The fastest growing export markets for Precious Stones of United Arab Emirates between 2022 and 2023 were Hong Kong ($102M), Qatar ($40.8M), and United Kingdom ($14.9M).

Imports In 2023, United Arab Emirates imported $213M in Precious Stones, becoming the 10th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 210th most imported product in United Arab Emirates. United Arab Emirates imports Precious Stones primarily from: Zambia ($40.4M), Sri Lanka ($35.1M), Thailand ($25.3M), Mozambique ($23.6M), and India ($14.4M).

The fastest growing import markets in Precious Stones for United Arab Emirates between 2022 and 2023 were Sri Lanka ($16.9M), Hong Kong ($7.77M), and Tanzania ($7.19M).

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. 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)$322M
IMPORTS (2023)$213M
NET TRADE (2023)$110M

In 2023, United Arab Emirates exported $322M in Precious Stones. The main destinations of United Arab Emirates exports on Precious Stones were Hong Kong ($152M), Qatar ($40.9M), Mozambique ($28.4M), United States ($17.9M), and United Kingdom ($15.5M).

In 2023, United Arab Emirates imported $213M in Precious Stones, mainly from Zambia ($40.4M), Sri Lanka ($35.1M), Thailand ($25.3M), Mozambique ($23.6M), and India ($14.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Hong Kong$102M (206%)
Qatar$40.8M (98.3k%)
United Kingdom$14.9M (2.68k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY United Arab Emirates WERE (2022 - 2023):
Mozambique-$77.7M (-73.2%)
India-$65.8M (-94.1%)
United States-$22.9M (-56.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Precious Stones were:
In 2023, United Arab Emirates's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $5.74M
TOP IMPORT POTENTIALIndia+ $6.22M

Precious Stones’s highest export potential is United States. With an export gap of $5.74M.   Precious Stones’s highest import potential is India with an import gap of $6.22M.

See methodology.

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