HS Icon Synthetic precious, semi-precious stone, rough shaped

710420 (Harmonized System 1992 for 6-digit)

World Trade (2019): $334M, Rnk 3154 / 4648

Top Exporter (2019): $79.5M, Singapore

Top Importer (2019): $193M, Hong Kong

Product Complexity (2019): 0.89, Rnk 948 / 4826

Export Growth (CAGR)(2018 - 2019): -20.6%, Rnk 4214 / 4648

Mean Tariff (2018): 8.36%, Rnk 2733 / 6538

Share of World Trade (2019): 0.0018%, Rnk 3154 / 4648

Overview:  This page contains the latest trade data of Synthetic precious, semi-precious stone, rough shaped. In 2019, Synthetic precious, semi-precious stone, rough shaped were the world's 3154th most traded product, with a total trade of $334M. Between 2018 and 2019 the exports of Synthetic precious, semi-precious stone, rough shaped decreased by -20.6%, from  $421M to $334M. Trade in Synthetic precious, semi-precious stone, rough shaped represent 0.0018% of total world trade.

Exports: In 2019 the top exporters of Synthetic precious, semi-precious stone, rough shaped  were Singapore ($79.5M), China ($52.8M), Russia ($31M), India ($29M), and United Arab Emirates ($25.9M).

Imports: In 2019 the top importers of Synthetic precious, semi-precious stone, rough shaped were Hong Kong ($193M), China ($31.1M), Switzerland ($18.8M), India ($15.2M), and Thailand ($15.2M).

Tariffs: In 2018 the average tariff for Synthetic precious, semi-precious stone, rough shaped was 8.36%, making it the 2733rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Synthetic precious, semi-precious stone, rough shaped are Angola (50%), Barbados (45.1%), Belize (44.2%), Bahamas (42.1%), and Cape Verde (40%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), China (0%), Hong Kong (0%), and Japan (0%).

Ranking: Synthetic precious, semi-precious stone, rough shaped ranks 948th in the Product Complexity Index (PCI).

Description: Synthetic stones are made of acrylic, and have been used to simulate expensive stones such as diamonds in jewelry. Synthetic semi-precious stones are used to imitate gemstones, such as turquoise and lapis lazuli, in jewelry. Synthetic rough stones are used for various home improvement projects such as granite countertops, as they are similar to the natural stone.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Singapore, $79.5M

Top Destination (2019): Hong Kong, $193M

Synthetic precious, semi-precious stone, rough shaped are the world's 3154th most traded product.

In 2019, the top exporters of Synthetic precious, semi-precious stone, rough shaped were Singapore ($79.5M), China ($52.8M), Russia ($31M), India ($29M), and United Arab Emirates ($25.9M).

In 2019, the top importers of Synthetic precious, semi-precious stone, rough shaped were Hong Kong ($193M), China ($31.1M), Switzerland ($18.8M), India ($15.2M), and Thailand ($15.2M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $33.1M

Top Destination Growth (2018 - 2019): Hong Kong, $27M

Between 2018 and 2019, the exports of Synthetic precious, semi-precious stone, rough shaped grew the fastest in China ($33.1M), Belgium ($13.4M), India ($12.1M), Malaysia ($10.3M), and Japan ($1.06M).

Between 2018 and 2019, the fastest growing importers of Synthetic precious, semi-precious stone, rough shaped were Hong Kong ($27M), Belgium ($7.78M), Austria ($4.38M), Switzerland ($3.48M), and Japan ($2.6M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Synthetic precious, semi-precious stone, rough shaped.

In 2019,  market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Synthetic precious, semi-precious stone, rough shaped are explained by 11 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Singapore, $77.7M

TOP NET IMPORTER (2019): Hong Kong, $183M

This map shows which countries export or import more of Synthetic precious, semi-precious stone, rough shaped. Each country is colored based on the difference in exports and imports of Synthetic precious, semi-precious stone, rough shaped during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Synthetic precious, semi-precious stone, rough shaped were Singapore ($77.7M), Russia ($30.6M), China ($21.7M), United Arab Emirates ($19.6M), and Malaysia ($17.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Synthetic precious, semi-precious stone, rough shaped were Hong Kong ($183M), Thailand ($12.1M), Mauritius ($5.82M), Austria ($3.64M), and Switzerland ($2.04M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Synthetic precious, semi-precious stone, rough shaped was 8.36%.  The countries with the highest tariffs for importing Synthetic precious, semi-precious stone, rough shaped were Angola (50%), Barbados (45.1%), Belize (44.2%), Bahamas (42.1%), and Cape Verde (40%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.