HS Icon Jewellery

7113 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $101B, Rnk 24 / 1217

2019
Top Exporter | Top Importer
: $14.1B | $16.6B, India | Switzerland

2019
Product Complexity
: -0.66, Rnk 703 / 961

2018 - 2019
Export Growth (CAGR)
: 6.79%, Rnk 121 / 1217

2018
Mean Tariff
: 13.3%, Rnk 259 / 1259

 2019
Share of World Trade
: 0.56%, Rnk 24 / 1217

Overview:  This page contains the latest trade data of Jewellery. In 2019, Jewellery were the world's 24th most traded product, with a total trade of $101B. Between 2018 and 2019 the exports of Jewellery grew by 6.79%, from  $95B to $101B. Trade in Jewellery represent 0.56% of total world trade.

Exports: In 2019 the top exporters of Jewellery  were India ($14.1B), United Arab Emirates ($13.7B), Switzerland ($10.9B), United States ($7.73B), and France ($7.7B).

Imports: In 2019 the top importers of Jewellery were Switzerland ($16.6B), Hong Kong ($15.3B), United Arab Emirates ($15.2B), United States ($9.83B), and United Kingdom ($5.64B).

Tariffs: In 2018 the average tariff for Jewellery was 13.3%, making it the 259th 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 703rd in the Product Complexity Index (PCI).

Description: Jewellery is a product that is used to decorate the body. Jewellery can be made from many different materials, including gold, silver, and platinum.

Exporters and Importers

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Trade By Country

Top Origin (2019): India, $14.1B

Top Destination (2019): Switzerland, $16.6B

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

In 2019, the top exporters of Jewellery were India ($14.1B), United Arab Emirates ($13.7B), Switzerland ($10.9B), United States ($7.73B), and France ($7.7B).

In 2019, the top importers of Jewellery were Switzerland ($16.6B), Hong Kong ($15.3B), United Arab Emirates ($15.2B), United States ($9.83B), and United Kingdom ($5.64B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Kingdom, $1.93B

Top Destination Growth (2018 - 2019): United Arab Emirates, $1.86B

Between 2018 and 2019, the exports of Jewellery grew the fastest in United Kingdom ($1.93B), India ($1.71B), United Arab Emirates ($1.5B), France ($1.22B), and Turkey ($687M).

Between 2018 and 2019, the fastest growing importers of Jewellery were United Arab Emirates ($1.86B), United Kingdom ($1.36B), France ($815M), Switzerland ($719M), and China ($470M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Jewellery are explained by 17 countries.

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TOP NET EXPORTER (2019): India, $13.4B

TOP NET IMPORTER (2019): Hong Kong, $11.3B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Jewellery were India ($13.4B), China ($5.31B), Italy ($5.29B), Turkey ($3.73B), and Thailand ($2.95B).

In 2019, the countries that had a largest trade value in imports than in exports of Jewellery were Hong Kong ($11.3B), Switzerland ($5.7B), Iraq ($2.5B), United States ($2.11B), and United Arab Emirates ($1.5B).

Disaggregation

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Value

In 2019, the world most traded Jewellery, disaggragated by their HS6 level were Jewellery and parts of precious metal... ($94.3B), Jewellery and parts, silver, including plated... ($6.99B), and Jewellery, parts, base metal clad with... ($239M)

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.