HS Icon Jewellery and parts of precious metal except silver

711319 (Harmonized System 1992 for 6-digit)

World Trade (2018): $86.1B, Rnk 20 / 4726

Top Exporter (2018): $12.2B, United Arab Emirates

Top Importer (2018): $15.8B, Switzerland

Product Complexity (2018): -0.73, Rnk 3669 / 4873

Export Growth (CAGR)(2017 - 2018): 69.1%, Rnk 180 / 4726

Mean Tariff (2018): 13.2%, Rnk 1532 / 6538

Share of World Trade (2018): 0.47%, Rnk 20 / 4726

Overview:  This page contains the latest trade data of Jewellery and parts of precious metal except silver. In 2018, Jewellery and parts of precious metal except silver were the world's 20th most traded product, with a total trade of $86.1B. Between 2017 and 2018 the exports of Jewellery and parts of precious metal except silver grew by 69.1%, from  $50.9B to $86.1B. Trade in Jewellery and parts of precious metal except silver represent 0.47% of total world trade.

Exports: In 2018 the top exporters of Jewellery and parts of precious metal except silver  were United Arab Emirates ($12.2B), India ($11.6B), Switzerland ($11B), China ($6.68B), and United States ($6.55B).

Imports: In 2018 the top importers of Jewellery and parts of precious metal except silver were Switzerland ($15.8B), Hong Kong ($14.8B), United Arab Emirates ($13.1B), United States ($8.39B), and France ($4.47B).

Tariffs: In 2018 the average tariff for Jewellery and parts of precious metal except silver was 13.2%, been the 1532 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Jewellery and parts of precious metal except silver are Barbados (56.8%), Angola (50%), Belize (47.7%), 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 and parts of precious metal except silver ranks 3669th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United Arab Emirates, $12.2B

Top Destination (2018): Switzerland, $15.8B

Jewellery and parts of precious metal except silver are the world's 20th most traded product.

In 2018, the top exporters of Jewellery and parts of precious metal except silver were United Arab Emirates ($12.2B), India ($11.6B), Switzerland ($11B), China ($6.68B), and United States ($6.55B).

In 2018, the top importers of Jewellery and parts of precious metal except silver were Switzerland ($15.8B), Hong Kong ($14.8B), United Arab Emirates ($13.1B), United States ($8.39B), and France ($4.47B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $8.29B

Top Destination Growth (2017 - 2018): United States, $8.24B

Between 2017 and 2018, the exports of Jewellery and parts of precious metal except silver grew the fastest in United Arab Emirates ($8.29B), India ($5.15B), Switzerland ($4.24B), China ($3.34B), and United States ($2.89B).

Between 2017 and 2018, the fastest growing importers of Jewellery and parts of precious metal except silver were United States ($8.24B), Hong Kong ($5.05B), Switzerland ($4.93B), United Arab Emirates ($3.51B), and Singapore ($2.87B).

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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 and parts of precious metal except silver.

In 2018,  market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Jewellery and parts of precious metal except silver are explained by 16 countries.

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TOP NET EXPORTER (2018): India, $11B

TOP NET IMPORTER (2018): Hong Kong, $11.3B

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

In 2018, the countries that had a largest trade value in exports than in imports of Jewellery and parts of precious metal except silver were India ($11B), China ($5.51B), Italy ($4.93B), Turkey ($3.42B), and France ($1.89B).

In 2018, the countries that had a largest trade value in imports than in exports of Jewellery and parts of precious metal except silver were Hong Kong ($11.3B), Switzerland ($4.75B), Iraq ($2.26B), United States ($1.83B), and Singapore ($1.29B).

Trade Forecasts

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This section shows forecasts for total trade for Jewellery and parts of precious metal except silver. 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 and parts of precious metal except silver was 13.2%.  The countries with the highest tariffs for importing Jewellery and parts of precious metal except silver were Barbados (56.8%), Angola (50%), Belize (47.7%), 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.