HS Icon Rubies, sapphires and emeralds worked but not set

710391 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Rubies, sapphires and emeralds worked but not set. In 2020, Rubies, sapphires and emeralds worked but not set were the world's 985th most traded product, with a total trade of $2.83B. Between 2019 and 2020 the exports of Rubies, sapphires and emeralds worked but not set decreased by -52%, from $5.88B to $2.83B. Trade in Rubies, sapphires and emeralds worked but not set represent 0.017% of total world trade.

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

Exports In 2020 the top exporters of Rubies, sapphires and emeralds worked but not set  were United States ($621M), Switzerland ($460M), Thailand ($361M), India ($164M), and Hong Kong ($126M).

Imports In 2020 the top importers of Rubies, sapphires and emeralds worked but not set were Hong Kong ($648M), United States ($502M), Switzerland ($406M), France ($323M), and Thailand ($255M).

Tariffs In 2018 the average tariff for Rubies, sapphires and emeralds worked but not set was 7.62%, making it the 2990th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Rubies, sapphires and emeralds worked but not set are Angola (50%), Barbados (45.1%), and Belize (43.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Indonesia (0%), and Japan (0%).

Ranking Rubies, sapphires and emeralds worked but not set ranks 4041st 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.

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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.

* 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 (2020): United States, $621M

Top Destination (2020): Hong Kong, $648M

Rubies, sapphires and emeralds worked but not set are the world's 985th most traded product.

In 2020, the top exporters of Rubies, sapphires and emeralds worked but not set were United States ($621M), Switzerland ($460M), Thailand ($361M), India ($164M), and Hong Kong ($126M).

In 2020, the top importers of Rubies, sapphires and emeralds worked but not set were Hong Kong ($648M), United States ($502M), Switzerland ($406M), France ($323M), and Thailand ($255M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): South Africa, $11.6M

Top Destination Growth (2019 - 2020): China, $7.99M

Between 2019 and 2020, the exports of Rubies, sapphires and emeralds worked but not set grew the fastest in South Africa ($11.6M), China ($11.2M), Japan ($8.59M), Chinese Taipei ($7.72M), and Tanzania ($1.95M).

Between 2019 and 2020, the fastest growing importers of Rubies, sapphires and emeralds worked but not set were China ($7.99M), Netherlands ($6.02M), Chinese Taipei ($2.1M), South Korea ($785k), and Armenia ($737k).

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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 Rubies, sapphires and emeralds worked but not set.

In 2020,  market concentration measured using Shannon Entropy, was 3.87. 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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TOP NET EXPORTER (2020): Zambia, $121M

TOP NET IMPORTER (2020): Hong Kong, $522M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Rubies, sapphires and emeralds worked but not set were Zambia ($121M), United States ($119M), Thailand ($106M), India ($96.7M), and Mozambique ($93.3M).

In 2020, the countries that had a largest trade value in imports than in exports of Rubies, sapphires and emeralds worked but not set were Hong Kong ($522M), France ($235M), Japan ($22.9M), China ($17.2M), and Italy ($16.3M).

Country Comparison

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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.

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.