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710391 (Harmonized System 1992 for 6-digit)

2022
World Trade $5.48BRnk 703 / 4648
2022
Top Exporter | Top Importer $1.14B | $1.13BUnited States | United States
2022
Product Complexity -1.05Rnk 3879 / 4653
2021 - 2022
Export Growth (CAGR) 27.3%Rnk 485 / 4648
2022
Share of World Trade 0.023%Rnk 703 / 4648

About

Overview This page contains the latest trade data of Rubies, sapphires and emeralds worked but not set. In 2022, Rubies, sapphires and emeralds worked but not set were the world's 703rd most traded product, with a total trade of $5.48B. Between 2021 and 2022 the exports of Rubies, sapphires and emeralds worked but not set grew by 27.3%, from $4.31B to $5.48B. Trade in Rubies, sapphires and emeralds worked but not set represent 0.023% of total world trade.

Rubies, sapphires and emeralds worked but not set are a part of Precious Stones.

Exports In 2022 the top exporters of Rubies, sapphires and emeralds worked but not set  were United States ($1.14B), Thailand ($932M), Switzerland ($509M), Hong Kong ($488M), and India ($425M).

Imports In 2022 the top importers of Rubies, sapphires and emeralds worked but not set were United States ($1.13B), Hong Kong ($796M), Switzerland ($653M), France ($595M), and Thailand ($542M).

Ranking Rubies, sapphires and emeralds worked but not set ranks 3879th in the Product Complexity Index (PCI).

Description Ruby, sapphire and emerald are all types of gemstones that are often used in jewelry. Rubies are often a deep red color, sapphires are a blue-ish purple color, and emeralds are a deep green color. They are often set in jewelry such as rings, necklaces, earrings, bracelets and more.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Rubies, sapphires and emeralds worked but not set. 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 (2022)United States$1.14B
Top Destination (2022)United States$1.13B

In 2022 Rubies, sapphires and emeralds worked but not set were the world's 703rd most traded product (out of 4,648).

In 2022, the top exporters of Rubies, sapphires and emeralds worked but not set were United States ($1.14B), Thailand ($932M), Switzerland ($509M), Hong Kong ($488M), and India ($425M).

In 2022, the top importers of Rubies, sapphires and emeralds worked but not set were United States ($1.13B), Hong Kong ($796M), Switzerland ($653M), France ($595M), and Thailand ($542M).

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Exporters of Rubies, sapphires and emeralds worked but not set (2022)
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Importers of Rubies, sapphires and emeralds worked but not set (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Thailand$328M
Top Destination Growth (2021 -  2022)United States$442M

Between 2021 and 2022, the exports of Rubies, sapphires and emeralds worked but not set grew the fastest in Thailand ($328M), Hong Kong ($279M), United States ($271M), India ($188M), and United Kingdom ($93.3M).

Between 2021 and 2022, the fastest growing importers of Rubies, sapphires and emeralds worked but not set were United States ($442M), Thailand ($278M), India ($215M), Mozambique ($83.9M), and France ($78.6M).

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Exporters of Rubies, sapphires and emeralds worked but not set (2021 - 2022)

Importers of Rubies, sapphires and emeralds worked but not set (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rubies, sapphires and emeralds worked but not set.

In 2022, market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Rubies, sapphires and emeralds worked but not set are explained by 14 countries.

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Value of Exports in Rubies, sapphires and emeralds worked but not set

Net Trade

TOP NET EXPORTER (2022)Thailand$390M
TOP NET IMPORTER (2022)France$431M

This map shows which countries export or import more of Rubies, sapphires and emeralds worked but not set. Each country is colored based on the difference in exports and imports of Rubies, sapphires and emeralds worked but not set during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Rubies, sapphires and emeralds worked but not set were Thailand ($390M), Sri Lanka ($244M), Zambia ($148M), Colombia ($106M), and Mozambique ($106M).

In 2022, the countries that had a largest trade value in imports than in exports of Rubies, sapphires and emeralds worked but not set were France ($431M), Hong Kong ($308M), Switzerland ($144M), Singapore ($111M), and Italy ($82.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rubies, sapphires and emeralds worked but not set.
It is possible to select the main countries that export or import Rubies, sapphires and emeralds worked but not set in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rubies, sapphires and emeralds worked but not set by percentage of total exports

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 (2022)

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