Overview: In 2018, Precious Stones were the world's 402nd most traded product, with a total trade of $7.56B. Between 2017 and 2018 the exports of Precious Stones grew by 40.3%, from $5.39B to $7.56B. Trade in Precious Stones represent 0.041% of total world trade.
Exports: In 2018 the top exporters of Precious Stones were Hong Kong ($1.2B), Thailand ($1.12B), Switzerland ($843M), United States ($691M), and India ($608M).
Imports: In 2018 the top importers of Precious Stones were Hong Kong ($1.44B), United States ($1.42B), Switzerland ($911M), India ($872M), and France ($720M).
Tariffs: In 2018 the average tariff for Precious Stones was 8.16%, been the 530 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Precious Stones are Angola (50%), Barbados (45.1%), Belize (44.2%), Cape Verde (40%), and Ethiopia (34.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Indonesia (0%), and Japan (0%).
Ranking: Precious Stones ranks 898th in the Product Complexity Index (PCI).