2023
Exports
$13.1BWorld Rnk 1 / 212
Flag Rnk 5 / 1212
2023
PRODUCT COMPLEXITY IN Jewellery
-0.47Rnk 685 / 1025
2023
Imports
$1.78BWorld Rnk 14 / 216
Flag Rnk 53 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $13.1B in Jewellery, making it the 1st largest exporter of Jewellery in the world. At the same year, Jewellery was the 5th most exported product in India. The main destination of Jewellery exports from India are: United Arab Emirates ($5.42B), United States ($2.99B), Hong Kong ($1.7B), Singapore ($652M), and United Kingdom ($393M).

The fastest growing export markets for Jewellery of India between 2022 and 2023 were United Arab Emirates ($2.13B), Saudi Arabia ($32.6M), and Armenia ($8.85M).

Imports In 2023, India imported $1.78B in Jewellery, becoming the 14th largest importer of Jewellery in the world. At the same year, Jewellery was the 53rd most imported product in India. India imports Jewellery primarily from: United Arab Emirates ($569M), Indonesia ($448M), United States ($288M), Thailand ($245M), and Oman ($58M).

The fastest growing import markets in Jewellery for India between 2022 and 2023 were Indonesia ($448M), United Arab Emirates ($308M), and Thailand ($126M).

COMPANIES In 2023, leading companies such as CNH Industrial (25), AGCO (6), and Cinmar (3) were at the forefront of shipping Jewellery from India to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Jewellery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13.1B
IMPORTS (2023)$1.78B
NET TRADE (2023)$11.3B

In 2023, India exported $13.1B in Jewellery. The main destinations of India exports on Jewellery were United Arab Emirates ($5.42B), United States ($2.99B), Hong Kong ($1.7B), Singapore ($652M), and United Kingdom ($393M).

In 2023, India imported $1.78B in Jewellery, mainly from United Arab Emirates ($569M), Indonesia ($448M), United States ($288M), Thailand ($245M), and Oman ($58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR India WERE (2022 - 2023):
United Arab Emirates$2.13B (64.8%)
Saudi Arabia$32.6M (25.2%)
Armenia$8.85M (891%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY India WERE (2022 - 2023):
Hong Kong-$1.43B (-45.5%)
United States-$336M (-10.1%)
Singapore-$153M (-19%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Jewellery were:
Italy $12.4B
China $11.6B
In 2023, India's main importing competitors in Jewellery were:

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Trade Value of Jewellery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $514M
TOP IMPORT POTENTIALThailand+ $56.9M

Jewellery’s highest export potential is United States. With an export gap of $514M.   Jewellery’s highest import potential is Thailand with an import gap of $56.9M.

See methodology.

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