Precious Stones7103 (Harmonized System 1992 for 4-digit)
2020 World Trade: $4.37B, Rnk 522 / 1217
2020 Top Exporter | Top Importer: $788M | $924M, United States | Hong Kong
2020 Product Complexity: -1.01, Rnk 841 / 1028
2019 - 2020 Export Growth (CAGR): -50.2%, Rnk 1203 / 1217
2018 Mean Tariff: 8.2%, Rnk 526 / 1259
2020 Share of World Trade: 0.026%, Rnk 522 / 1217
Overview This page contains the latest trade data of Precious Stones. In 2020, Precious Stones were the world's 522nd most traded product, with a total trade of $4.37B. Between 2019 and 2020 the exports of Precious Stones decreased by -50.2%, from $8.78B to $4.37B. Trade in Precious Stones represent 0.026% of total world trade.
Precious Stones are a part of Precious stones, metals, & pearls. They include Rubies, sapphires and emeralds worked but not set, Precious & semi-precious stones, nes, worked, not set, and Precious, semi-precious stones unworked, partly worke.
Exports In 2020 the top exporters of Precious Stones were United States ($788M), Thailand ($591M), Switzerland ($491M), India ($326M), and Hong Kong ($275M).
Imports In 2020 the top importers of Precious Stones were Hong Kong ($924M), United States ($785M), Switzerland ($469M), France ($383M), and Thailand ($371M).
Tariffs In 2018 the average tariff for Precious Stones was 8.2%, making it the 526th lowest tariff using the HS4 product classification.
Ranking Precious Stones ranks 841st in the Product Complexity Index (PCI).
Description Precious stones and semi-precious stones are used in jewelry, such as rings, necklaces, earrings, bracelets, and other items. They can be made from a variety of materials, including diamonds, rubies, sapphires, emeralds, opals, amethysts, garnets and tourmalines.
The following visualization shows the latest trends on Precious Stones. 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
Top Origin (2020): United States, $788M
Top Destination (2020): Hong Kong, $924M
Precious Stones are the world's 522nd most traded product.
In 2020, the top exporters of Precious Stones were United States ($788M), Thailand ($591M), Switzerland ($491M), India ($326M), and Hong Kong ($275M).
In 2020, the top importers of Precious Stones were Hong Kong ($924M), United States ($785M), Switzerland ($469M), France ($383M), and Thailand ($371M).
Trade by country
Top Origin Growth (2019 - 2020): South Africa, $5.59M
Top Destination Growth (2019 - 2020): China, $61.6M
Between 2019 and 2020, the exports of Precious Stones grew the fastest in South Africa ($5.59M), Namibia ($4.87M), Japan ($3.8M), Chinese Taipei ($3.27M), and Greenland ($936k).
Between 2019 and 2020, the fastest growing importers of Precious Stones were China ($61.6M), Netherlands ($7.13M), Australia ($2.28M), Austria ($1.36M), and Denmark ($1.29M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Precious Stones.
In 2020, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Precious Stones are explained by 19 countries.
This map shows which countries export or import more of Precious Stones. Each country is colored based on the difference in exports and imports of Precious Stones during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Precious Stones were Thailand ($220M), Burma ($175M), Zambia ($138M), Mozambique ($114M), and Brazil ($101M).
In 2020, the countries that had a largest trade value in imports than in exports of Precious Stones were Hong Kong ($648M), France ($280M), China ($176M), Japan ($65.3M), and Italy ($46.7M).
In 2020, the world most traded Precious Stones, disaggragated by their HS6 level were Rubies, sapphires and emeralds worked but... ($2.83B), Precious & semi-precious stones, nes, worked,... ($1.13B), and Precious, semi-precious stones unworked, partly worke ($410M)
This visualization shows the countries that have an important ratio of their trade related to Precious Stones. It is possible to select the main countries that export or import Precious Stones in the world, or by continent, as well as select the measure of interest.
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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