HS Icon Precious stones, metals, & pearls

Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

71 (Harmonized System 1992 for 2-digit)

Overview This page contains the latest trade data of Precious stones, metals, & pearls. In 2021, Precious stones, metals, & pearls were the world's 5th most traded product, with a total trade of $830B. Between 2020 and 2021 the exports of Precious stones, metals, & pearls grew by 18%, from $704B to $830B. Trade in Precious stones, metals, & pearls represent 0.039% of total world trade.

Precious stones, metals, & pearls are a part of Precious Metals. They include Precious stones, metals, & pearls.

Exports In 2021 the top exporters of Precious stones, metals, & pearls  were Switzerland ($104B), United States ($69.8B), United Arab Emirates ($55.4B), South Africa ($52.4B), and United Kingdom ($50.6B).

Imports In 2021 the top importers of Precious stones, metals, & pearls were Switzerland ($102B), India ($89.6B), United States ($84.3B), United Kingdom ($82.2B), and Hong Kong ($75.1B).

Tariffs In 2018 the average tariff for Precious stones, metals, & pearls was 7.62%, making it the 61st lowest tariff using the HS2 product classification.

Ranking Precious stones, metals, & pearls ranks 95th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Precious stones, metals, & pearls. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Switzerland, $104B

Top Destination (2021): Switzerland, $102B

Precious stones, metals, & pearls are the world's 5th most traded product.

In 2021, the top exporters of Precious stones, metals, & pearls were Switzerland ($104B), United States ($69.8B), United Arab Emirates ($55.4B), South Africa ($52.4B), and United Kingdom ($50.6B).

In 2021, the top importers of Precious stones, metals, & pearls were Switzerland ($102B), India ($89.6B), United States ($84.3B), United Kingdom ($82.2B), and Hong Kong ($75.1B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Switzerland, $22.5B

Top Destination Growth (2020 -  2021): India, $48.7B

Between 2020 and 2021, the exports of Precious stones, metals, & pearls grew the fastest in Switzerland ($22.5B), United States ($22.1B), South Africa ($20.7B), United Kingdom ($16.3B), and India ($14.6B).

Between 2020 and 2021, the fastest growing importers of Precious stones, metals, & pearls were India ($48.7B), China ($32B), United Arab Emirates ($16.2B), Hong Kong ($15.2B), and Cambodia ($9.47B).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Precious stones, metals, & pearls.

In 2021, market concentration measured using Shannon Entropy, was 5.14. This means that most of the exports of Precious stones, metals, & pearls are explained by 35 countries.

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TOP NET EXPORTER (2021): South Africa, $49.5B

TOP NET IMPORTER (2021): India, $49B

This map shows which countries export or import more of Precious stones, metals, & pearls. Each country is colored based on the difference in exports and imports of Precious stones, metals, & pearls during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Precious stones, metals, & pearls were South Africa ($49.5B), Russia ($36.1B), Australia ($11.2B), Mali ($9.01B), and Peru ($8.06B).

In 2021, the countries that had a largest trade value in imports than in exports of Precious stones, metals, & pearls were India ($49B), Hong Kong ($43.6B), United Kingdom ($31.6B), China ($27.3B), and United Arab Emirates ($15.2B).

Disaggregation

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Value
Disaggregation

In 2021, the world most traded Precious stones, metals, & pearls, disaggragated by their HS6 level were Precious stones, metals, & pearls ($830B)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Precious stones, metals, & pearls.
It is possible to select the main countries that export or import Precious stones, metals, & pearls in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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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.