Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

71 (Harmonized System 1992 for 2-digit)

About

Overview This page contains the latest trade data of Precious stones, metals, & pearls. In 2022, Precious stones, metals, & pearls were the world's 5th most traded product, with a total trade of $881B. Between 2021 and 2022 the exports of Precious stones, metals, & pearls grew by 5.6%, from $835B to $881B. Trade in Precious stones, metals, & pearls represent 3.72% of total world trade.

Precious stones, metals, & pearls are a part of Precious Metals. They include Gold, Diamonds, Jewellery, Platinum, Silver, Precious Metal Scraps, Precious Stones, Imitation Jewellery, Other Precious Metal Products, and Metal-Clad Products, among others.

Exports In 2022 the top exporters of Precious stones, metals, & pearls  were Switzerland ($120B), United States ($78.4B), United Arab Emirates ($61.8B), United Kingdom ($50.4B), and South Africa ($48.9B).

Imports In 2022 the top importers of Precious stones, metals, & pearls were Switzerland ($115B), United Arab Emirates ($87.9B), China ($87.8B), United States ($84.8B), and Hong Kong ($73.5B).

Ranking Precious stones, metals, & pearls ranks 94th in the Product Complexity Index (PCI).

Latest Data

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Flow
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The following visualization shows the latest trends on Precious stones, metals, & pearls. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Switzerland$120B
Top Destination (2022)Switzerland$115B

In 2022 Precious stones, metals, & pearls were the world's 5th most traded product (out of 96).

In 2022, the top exporters of Precious stones, metals, & pearls were Switzerland ($120B), United States ($78.4B), United Arab Emirates ($61.8B), United Kingdom ($50.4B), and South Africa ($48.9B).

In 2022, the top importers of Precious stones, metals, & pearls were Switzerland ($115B), United Arab Emirates ($87.9B), China ($87.8B), United States ($84.8B), and Hong Kong ($73.5B).

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Exporters of Precious stones, metals, & pearls (2022)
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Importers of Precious stones, metals, & pearls (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Switzerland$16.2B
Top Destination Growth (2021 -  2022)China$31.5B

Between 2021 and 2022, the exports of Precious stones, metals, & pearls grew the fastest in Switzerland ($16.2B), United States ($8.9B), Philippines ($7.78B), United Arab Emirates ($6.91B), and Kazakhstan ($6.04B).

Between 2021 and 2022, the fastest growing importers of Precious stones, metals, & pearls were China ($31.5B), United Arab Emirates ($17.4B), Turkey ($15.8B), Switzerland ($12B), and Singapore ($4.94B).

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Exporters of Precious stones, metals, & pearls (2021 - 2022)

Importers of Precious stones, metals, & pearls (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious stones, metals, & pearls.

In 2022, market concentration measured using Shannon Entropy, was 5.18. This means that most of the exports of Precious stones, metals, & pearls are explained by 36 countries.

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Value of Exports in Precious stones, metals, & pearls

Net Trade

TOP NET EXPORTER (2022)South Africa$45.3B
TOP NET IMPORTER (2022)China$56.7B

This map shows which countries export or import more of Precious stones, metals, & pearls. Each country is colored based on the difference in exports and imports of Precious stones, metals, & pearls during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Precious stones, metals, & pearls were South Africa ($45.3B), Russia ($27.1B), Australia ($11.3B), Kazakhstan ($11.1B), and Ghana ($9.54B).

In 2022, the countries that had a largest trade value in imports than in exports of Precious stones, metals, & pearls were China ($56.7B), Hong Kong ($48B), India ($26.8B), United Arab Emirates ($26.1B), and Turkey ($12B).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Precious stones, metals, & pearls, disaggragated by their HS6 level were Gold ($478B), Diamonds ($123B), Jewellery ($112B), Platinum ($71.1B), and Silver ($30.4B)

HS6 Disaggregation for Precious stones, metals, & pearls (2022)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Precious stones, metals, & pearls.
It is possible to select the main countries that export or import Precious stones, metals, & pearls in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Precious stones, metals, & pearls by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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