Overview: This page contains the latest trade data of Precious Stones. In 2019, Precious Stones were the world's 356th most traded product, with a total trade of $8.68B. Between 2018 and 2019 the exports of Precious Stones decreased by -6.12%, from $9.24B to $8.68B. Trade in Precious Stones represent 0.048% of total world trade.
Exports: In 2019 the top exporters of Precious Stones were United States ($1.56B), Thailand ($1.2B), Hong Kong ($1.1B), Switzerland ($660M), and India ($591M).
Imports: In 2019 the top importers of Precious Stones were Hong Kong ($2.12B), United States ($1.63B), Switzerland ($921M), India ($848M), and Thailand ($545M).
Tariffs: In 2018 the average tariff for Precious Stones was 8.16%, making it the 530th 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 838th in the Product Complexity Index (PCI).
Description: Precious stones and semi-precious stones are used in jewelry, such as rings, necklaces, earrings, bracelets, and other items. They can be made from a variety of materials, including diamonds, rubies, sapphires, emeralds, opals, amethysts, garnets and tourmalines.