HS Icon Jewellery

7113 (Harmonized System 1992 for 4-digit)

World Trade (2018): $93.7B, Rnk 24 / 1225

Top Exporter (2018): $12.4B, India

Top Importer (2018): $15.9B, Switzerland

Product Complexity (2018): -0.6, Rnk 728 / 1018

Export Growth (CAGR)(2017 - 2018): 60.4%, Rnk 46 / 1225

Mean Tariff (2018): 13.3%, Rnk 259 / 1259

Share of World Trade (2018): 0.51%, Rnk 24 / 1225

Overview:  This page contains the latest trade data of Jewellery. In 2018, Jewellery were the world's 24th most traded product, with a total trade of $93.7B. Between 2017 and 2018 the exports of Jewellery grew by 60.4%, from  $58.4B to $93.7B. Trade in Jewellery represent 0.51% of total world trade.

Exports: In 2018 the top exporters of Jewellery  were India ($12.4B), United Arab Emirates ($12.2B), Switzerland ($11.1B), China ($7.44B), and Italy ($7.13B).

Imports: In 2018 the top importers of Jewellery were Switzerland ($15.9B), Hong Kong ($15.6B), United Arab Emirates ($13.4B), United States ($10.1B), and France ($4.79B).

Tariffs: In 2018 the average tariff for Jewellery was 13.3%, been the 259 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Jewellery are Barbados (55.3%), Angola (50%), Belize (46.3%), Cape Verde (40%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Taiwan (0%).

Ranking: Jewellery ranks 728th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $12.4B

Top Destination (2018): Switzerland, $15.9B

Jewellery are the world's 24th most traded product.

In 2018, the top exporters of Jewellery were India ($12.4B), United Arab Emirates ($12.2B), Switzerland ($11.1B), China ($7.44B), and Italy ($7.13B).

In 2018, the top importers of Jewellery were Switzerland ($15.9B), Hong Kong ($15.6B), United Arab Emirates ($13.4B), United States ($10.1B), and France ($4.79B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $8.09B

Top Destination Growth (2017 - 2018): United States, $9.97B

Between 2017 and 2018, the exports of Jewellery grew the fastest in United Arab Emirates ($8.09B), Switzerland ($4.26B), India ($3.75B), China ($3.45B), and United States ($2.51B).

Between 2017 and 2018, the fastest growing importers of Jewellery were United States ($9.97B), Switzerland ($4.96B), Hong Kong ($3.27B), Singapore ($2.93B), and United Arab Emirates ($2.89B).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Jewellery.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Jewellery are explained by 17 countries.

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TOP NET EXPORTER (2018): India, $11.7B

TOP NET IMPORTER (2018): Hong Kong, $11.8B

This map shows which countries export or import more of Jewellery. Each country is colored based on the difference in exports and imports of Jewellery during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Jewellery were India ($11.7B), China ($6.05B), Italy ($5.12B), Turkey ($3.49B), and Thailand ($3.46B).

In 2018, the countries that had a largest trade value in imports than in exports of Jewellery were Hong Kong ($11.8B), Switzerland ($4.8B), United States ($3.19B), Iraq ($2.27B), and Singapore ($1.34B).

Trade Forecasts

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This section shows forecasts for total trade for Jewellery. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Jewellery was 13.3%.  The countries with the highest tariffs for importing Jewellery were Barbados (55.3%), Angola (50%), Belize (46.3%), Cape Verde (40%), and Sudan (35%).

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Product Complexity

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Diversification Frontier

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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.