Jewellery7113 (Harmonized System 1992 for 4-digit)
2020 World Trade: $65B, Rnk 41 / 1217
2020 Top Exporter | Top Importer: $7.66B | $13.1B, Hong Kong | China
2020 Product Complexity: -0.43, Rnk 681 / 1028
2019 - 2020 Export Growth (CAGR): -33.1%, Rnk 1165 / 1217
2018 Mean Tariff: 13.2%, Rnk 253 / 1259
2020 Share of World Trade: 0.39%, Rnk 41 / 1217
Overview This page contains the latest trade data of Jewellery. In 2020, Jewellery were the world's 41st most traded product, with a total trade of $65B. Between 2019 and 2020 the exports of Jewellery decreased by -33.1%, from $97.1B to $65B. Trade in Jewellery represent 0.39% of total world trade.
Jewellery are a part of Precious metals, gems and jewelry. They include Jewellery and parts of precious metal except silver, Jewellery and parts, silver, including plated silver, and Jewellery, parts, base metal clad with precious metal.
Exports In 2020 the top exporters of Jewellery were China ($7.66B), India ($7.57B), Switzerland ($6.9B), Italy ($5.38B), and United Arab Emirates ($5.38B).
Imports In 2020 the top importers of Jewellery were Hong Kong ($13.1B), Switzerland ($7.83B), United States ($7.81B), United Arab Emirates ($5.7B), and United Kingdom ($3.4B).
Tariffs In 2018 the average tariff for Jewellery was 13.2%, making it the 253rd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Jewellery are Barbados (55.3%), Guyana (54.6%), Angola (50%), and Belize (46.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Taiwan (0%).
Ranking Jewellery ranks 681st in the Product Complexity Index (PCI).
Description Jewellery is a product that is used to decorate the body. Jewellery can be made from many different materials, including gold, silver, and platinum.
The following visualization shows the latest trends on Jewellery. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Jewellery are the world's 41st most traded product.
In 2020, the top exporters of Jewellery were China ($7.66B), India ($7.57B), Switzerland ($6.9B), Italy ($5.38B), and United Arab Emirates ($5.38B).
In 2020, the top importers of Jewellery were Hong Kong ($13.1B), Switzerland ($7.83B), United States ($7.81B), United Arab Emirates ($5.7B), and United Kingdom ($3.4B).
Trade by country
Between 2019 and 2020, the exports of Jewellery grew the fastest in Ireland ($489M), China ($474M), Qatar ($161M), Netherlands ($80.1M), and Lebanon ($79.5M).
Between 2019 and 2020, the fastest growing importers of Jewellery were China ($603M), Ireland ($310M), Netherlands ($98.1M), Egypt ($79.5M), and South Africa ($73.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Jewellery.
In 2020, market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Jewellery are explained by 19 countries.
This map shows which countries export or import more of Jewellery. Each country is colored based on the difference in exports and imports of Jewellery during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Jewellery were India ($7.16B), China ($5.27B), Italy ($4.11B), Turkey ($2.88B), and Thailand ($2.3B).
In 2020, the countries that had a largest trade value in imports than in exports of Jewellery were Hong Kong ($10.4B), United States ($2.89B), Iraq ($1.43B), United Kingdom ($1.23B), and Switzerland ($928M).
In 2019, the world most traded Jewellery, disaggragated by their HS6 level were Jewellery and parts of precious metal... ($57.7B), Jewellery and parts, silver, including plated... ($7.05B), and Jewellery, parts, base metal clad with... ($228M)
This visualization shows the countries that have an important ratio of their trade related to Jewellery. It is possible to select the main countries that export or import Jewellery in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Jewellery was 13.2%. The countries with the highest tariffs for importing Jewellery were Barbados (55.3%), Guyana (54.6%), Angola (50%), and Belize (46.3%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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