2023
Exports
$502MWorld Rnk 9 / 164
Flag Rnk 4 / 1073
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$32.4MWorld Rnk 20 / 184
Flag Rnk 100 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $502M in Precious Stones, making it the 9th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 4th most exported product in Sri Lanka. The main destination of Precious Stones exports from Sri Lanka are: United States ($196M), Thailand ($88.1M), France ($37.2M), United Arab Emirates ($35.1M), and Switzerland ($34.6M).

The fastest growing export markets for Precious Stones of Sri Lanka between 2022 and 2023 were Thailand ($38M), United States ($35.7M), and United Arab Emirates ($16.9M).

Imports In 2023, Sri Lanka imported $32.4M in Precious Stones, becoming the 20th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 100th most imported product in Sri Lanka. Sri Lanka imports Precious Stones primarily from: United Arab Emirates ($10.4M), Switzerland ($4.51M), Thailand ($4.06M), France ($3.5M), and Tanzania ($3.39M).

The fastest growing import markets in Precious Stones for Sri Lanka between 2022 and 2023 were United Arab Emirates ($10.1M), Tanzania ($3.36M), and Thailand ($1.83M).

Latest Trends

Jan 2025

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)$502M
IMPORTS (2023)$32.4M
NET TRADE (2023)$470M

In 2023, Sri Lanka exported $502M in Precious Stones. The main destinations of Sri Lanka exports on Precious Stones were United States ($196M), Thailand ($88.1M), France ($37.2M), United Arab Emirates ($35.1M), and Switzerland ($34.6M).

In 2023, Sri Lanka imported $32.4M in Precious Stones, mainly from United Arab Emirates ($10.4M), Switzerland ($4.51M), Thailand ($4.06M), France ($3.5M), and Tanzania ($3.39M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Thailand$38M (75.9%)
United States$35.7M (22.2%)
United Arab Emirates$16.9M (92.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Sri Lanka WERE (2022 - 2023):
China-$55.5M (-94.3%)
Hong Kong-$11.5M (-34.3%)
United Kingdom-$9.51M (-42.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Precious Stones were:
In 2023, Sri Lanka's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $37.2M
TOP IMPORT POTENTIALThailand+ $727k

Precious Stones’s highest export potential is China. With an export gap of $37.2M.   Precious Stones’s highest import potential is Thailand with an import gap of $727k.

See methodology.

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