2023
Exports
$161MWorld Rnk 19 / 164
Flag Rnk 154 / 1202
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$174MWorld Rnk 11 / 184
Flag Rnk 202 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $161M in Precious Stones, making it the 19th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 154th most exported product in Singapore. The main destination of Precious Stones exports from Singapore are: Hong Kong ($142M), Thailand ($5.21M), United Kingdom ($4.57M), Zambia ($2.65M), and United States ($2.33M).

The fastest growing export markets for Precious Stones of Singapore between 2022 and 2023 were United Kingdom ($3.54M), United States ($887k), and Chinese Taipei ($101k).

Imports In 2023, Singapore imported $174M in Precious Stones, becoming the 11th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 202nd most imported product in Singapore. Singapore imports Precious Stones primarily from: Mozambique ($36.1M), India ($28.8M), Zambia ($23.5M), Colombia ($13.7M), and Burma ($13.1M).

The fastest growing import markets in Precious Stones for Singapore between 2022 and 2023 were Colombia ($9.35M), Burma ($9.11M), and South Africa ($8.42M).

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)$161M
IMPORTS (2023)$174M
NET TRADE (2023)-$13.2M

In 2023, Singapore exported $161M in Precious Stones. The main destinations of Singapore exports on Precious Stones were Hong Kong ($142M), Thailand ($5.21M), United Kingdom ($4.57M), Zambia ($2.65M), and United States ($2.33M).

In 2023, Singapore imported $174M in Precious Stones, mainly from Mozambique ($36.1M), India ($28.8M), Zambia ($23.5M), Colombia ($13.7M), and Burma ($13.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United Kingdom$3.54M (343%)
United States$887k (61.6%)
Chinese Taipei$101k (671%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Singapore WERE (2022 - 2023):
India-$35M (-97.3%)
Hong Kong-$26.4M (-15.7%)
Israel-$14.4M (-99.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Precious Stones were:
In 2023, Singapore'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 POTENTIALIndia+ $5.58M
TOP IMPORT POTENTIALIndia+ $6.52M

Precious Stones’s highest export potential is India. With an export gap of $5.58M.   Precious Stones’s highest import potential is India with an import gap of $6.52M.

See methodology.

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