2023
Exports
$4.78MWorld Rnk 50 / 164
Flag Rnk 399 / 1148
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$2.88MWorld Rnk 44 / 184
Flag Rnk 943 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $4.78M in Precious Stones, making it the 50th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 399th most exported product in Saudi Arabia. The main destination of Precious Stones exports from Saudi Arabia are: China ($3.63M), Switzerland ($616k), Italy ($443k), United States ($69.1k), and United Arab Emirates ($13.9k).

The fastest growing export markets for Precious Stones of Saudi Arabia between 2022 and 2023 were China ($2.99M), Switzerland ($611k), and Italy ($443k).

Imports In 2023, Saudi Arabia imported $2.88M in Precious Stones, becoming the 44th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 943rd most imported product in Saudi Arabia. Saudi Arabia imports Precious Stones primarily from: United States ($2.16M), Switzerland ($398k), Thailand ($114k), Brazil ($38.8k), and India ($35k).

The fastest growing import markets in Precious Stones for Saudi Arabia between 2022 and 2023 were United States ($2.12M), Switzerland ($396k), and Thailand ($16.2k).

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)$4.78M
IMPORTS (2023)$2.88M
NET TRADE (2023)$1.91M

In 2023, Saudi Arabia exported $4.78M in Precious Stones. The main destinations of Saudi Arabia exports on Precious Stones were China ($3.63M), Switzerland ($616k), Italy ($443k), United States ($69.1k), and United Arab Emirates ($13.9k).

In 2023, Saudi Arabia imported $2.88M in Precious Stones, mainly from United States ($2.16M), Switzerland ($398k), Thailand ($114k), Brazil ($38.8k), and India ($35k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
China$2.99M (463%)
Switzerland$611k (12.4k%)
Italy$443k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Saudi Arabia WERE (2022 - 2023):
France-$27.1k (-100%)
Tanzania-$13.3k (-100%)
Canada-$4.19k (-98.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Precious Stones were:
In 2023, Saudi Arabia'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+ $643k
TOP IMPORT POTENTIALUnited Arab Emirates+ $208k

Precious Stones’s highest export potential is China. With an export gap of $643k.   Precious Stones’s highest import potential is United Arab Emirates with an import gap of $208k.

See methodology.

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