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Pricing

Precious (excluding diamond) and semi-precious stone; worked, graded, not strung, mounted, set; ungraded precious (excluding diamond) and semi-precious stone, temporarily strung for convenience of transport

7103 (Harmonized System 1992 for 4-digit)

2023
World Trade $11.9BRnk 317 / 1217
2023
Top Exporter | Top Importer $1.83B | $3.03BThailand | Hong Kong
2023
Product Complexity -1.21Rnk 913 / 1044
2022 - 2023
Export Growth (CAGR) -5.86%Rnk 593 / 1217
2023
Share of World Trade 0.053%Rnk 317 / 1217

About

Overview This page contains the latest trade data of Precious Stones. In 2023, Precious Stones were the world's 317th most traded product, with a total trade of $11.9B. Between 2022 and 2023 the exports of Precious Stones decreased by -5.86%, from $12.7B to $11.9B. Trade in Precious Stones represent 0.053% 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 2023 the top exporters of Precious Stones  were Thailand ($1.83B), United States ($1.29B), Hong Kong ($1.17B), India ($923M), and Burma ($912M).

Imports In 2023 the top importers of Precious Stones were Hong Kong ($3.03B), United States ($2.33B), China ($1.25B), India ($916M), and Thailand ($872M).

Ranking Precious Stones ranks 913th 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.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Thailand$1.83B
Top Destination (2023)Hong Kong$3.03B

In 2023 Precious Stones were the world's 317th most traded product (out of 1,217).

In 2023, the top exporters of Precious Stones were Thailand ($1.83B), United States ($1.29B), Hong Kong ($1.17B), India ($923M), and Burma ($912M).

In 2023, the top importers of Precious Stones were Hong Kong ($3.03B), United States ($2.33B), China ($1.25B), India ($916M), and Thailand ($872M).

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Exporters of Precious Stones (2023)
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Importers of Precious Stones (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Thailand$632M
Top Destination Growth (2022 -  2023)Hong Kong$1.51B

Between 2022 and 2023, the exports of Precious Stones grew the fastest in Thailand ($632M), United States ($508M), Hong Kong ($321M), Mozambique ($198M), and India ($131M).

Between 2022 and 2023, the fastest growing importers of Precious Stones were Hong Kong ($1.51B), United States ($314M), Thailand ($261M), Switzerland ($227M), and France ($103M).

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Exporters of Precious Stones (2022 - 2023)

Importers of Precious Stones (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious Stones.

In 2023, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Precious Stones are explained by 20 countries.

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Value of Exports in Precious Stones

Net Trade

TOP NET EXPORTER (2023)Thailand$956M
TOP NET IMPORTER (2023)Hong Kong$1.87B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Precious Stones were Thailand ($956M), Burma ($912M), Mozambique ($516M), Zambia ($512M), and Sri Lanka ($470M).

In 2023, the countries that had a largest trade value in imports than in exports of Precious Stones were Hong Kong ($1.87B), United States ($1.04B), China ($1.03B), Italy ($252M), and Switzerland ($225M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Precious Stones, disaggragated by their HS6 level were Rubies, sapphires and emeralds worked but... ($7.14B), Precious & semi-precious stones, nes, worked,... ($3.49B), and Precious, semi-precious stones unworked, partly worke ($1.28B)

HS6 Disaggregation for Precious Stones (2023)
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Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Precious Stones by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $26M
TOP IMPORT POTENTIALIndia+ $18.2M

Precious Stones’s highest export potential is China. With an export gap of $26M.  Precious Stones’s highest import potential is India with an import gap of $18.2M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Precious Stones.

Country by Relatedness

The following visualization shows the relatedness of Precious Stones to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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