2023
Exports
$2.22BWorld Rnk 12 / 212
Flag Rnk 26 / 1202
2023
PRODUCT COMPLEXITY IN Jewellery
-0.47Rnk 685 / 1025
2023
Imports
$4.8BWorld Rnk 5 / 216
Flag Rnk 14 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $2.22B in Jewellery, making it the 12th largest exporter of Jewellery in the world. At the same year, Jewellery was the 26th most exported product in Singapore. The main destination of Jewellery exports from Singapore are: United Arab Emirates ($533M), Hong Kong ($294M), United States ($268M), Qatar ($251M), and Bangladesh ($232M).

The fastest growing export markets for Jewellery of Singapore between 2022 and 2023 were Malaysia ($99.8M), Hong Kong ($63M), and Oman ($53.6M).

Imports In 2023, Singapore imported $4.8B in Jewellery, becoming the 5th largest importer of Jewellery in the world. At the same year, Jewellery was the 14th most imported product in Singapore. Singapore imports Jewellery primarily from: Malaysia ($829M), France ($702M), India ($652M), Indonesia ($571M), and Hong Kong ($436M).

The fastest growing import markets in Jewellery for Singapore between 2022 and 2023 were Hong Kong ($238M), France ($85M), and China ($51.1M).

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)$2.22B
IMPORTS (2023)$4.8B
NET TRADE (2023)-$2.58B

In 2023, Singapore exported $2.22B in Jewellery. The main destinations of Singapore exports on Jewellery were United Arab Emirates ($533M), Hong Kong ($294M), United States ($268M), Qatar ($251M), and Bangladesh ($232M).

In 2023, Singapore imported $4.8B in Jewellery, mainly from Malaysia ($829M), France ($702M), India ($652M), Indonesia ($571M), and Hong Kong ($436M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$99.8M (103%)
Hong Kong$63M (27.3%)
Oman$53.6M (26.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY Singapore WERE (2022 - 2023):
United States-$171M (-38.9%)
United Arab Emirates-$69.9M (-11.6%)
Switzerland-$60.5M (-28.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Jewellery were:
India $13.1B
Italy $12.4B
China $11.6B
In 2023, Singapore'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 POTENTIALMalaysia+ $35.4M
TOP IMPORT POTENTIALChina+ $104M

Jewellery’s highest export potential is Malaysia. With an export gap of $35.4M.   Jewellery’s highest import potential is China with an import gap of $104M.

See methodology.

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