2023
Exports
$68.9BWorld Rnk 2 / 221
Flag Rnk 2 / 96
2023
PRODUCT COMPLEXITY IN Precious stones, metals, & pearls
0.86Rnk 225 / 1025
2023
Imports
$112BWorld Rnk 2 / 223
Flag Rnk 1 / 96
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $68.9B in Precious stones, metals, & pearls, making it the 2nd largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 2nd most exported product in United Arab Emirates. The main destination of Precious stones, metals, & pearls exports from United Arab Emirates are: India ($14.8B), Hong Kong ($13.1B), Turkey ($11.7B), Switzerland ($10.2B), and Iraq ($3.28B).

The fastest growing export markets for Precious stones, metals, & pearls of United Arab Emirates between 2022 and 2023 were Turkey ($8.19B), Hong Kong ($4.31B), and Switzerland ($1.23B).

Imports In 2023, United Arab Emirates imported $112B in Precious stones, metals, & pearls, becoming the 2nd largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 1st most imported product in United Arab Emirates. United Arab Emirates imports Precious stones, metals, & pearls primarily from: Turkey ($11.5B), Guinea ($8.37B), India ($8.07B), Switzerland ($7.81B), and Ghana ($4.88B).

The fastest growing import markets in Precious stones, metals, & pearls for United Arab Emirates between 2022 and 2023 were Turkey ($6.23B), Guinea ($5.92B), and Switzerland ($4.6B).

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 Precious stones, metals, & pearls. 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)$68.9B
IMPORTS (2023)$112B
NET TRADE (2023)-$42.9B

In 2023, United Arab Emirates exported $68.9B in Precious stones, metals, & pearls. The main destinations of United Arab Emirates exports on Precious stones, metals, & pearls were India ($14.8B), Hong Kong ($13.1B), Turkey ($11.7B), Switzerland ($10.2B), and Iraq ($3.28B).

In 2023, United Arab Emirates imported $112B in Precious stones, metals, & pearls, mainly from Turkey ($11.5B), Guinea ($8.37B), India ($8.07B), Switzerland ($7.81B), and Ghana ($4.88B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Turkey$8.19B (231%)
Hong Kong$4.31B (48.9%)
Switzerland$1.23B (13.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY United Arab Emirates WERE (2022 - 2023):
Belgium-$603M (-31.8%)
Kuwait-$436M (-25.1%)
Sudan-$410M (-75.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Precious stones, metals, & pearls were:
In 2023, United Arab Emirates's main importing competitors in Precious stones, metals, & pearls were:

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Trade Value of Precious stones, metals, & pearls by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $483M
TOP IMPORT POTENTIALUnited States+ $265M

Precious stones, metals, & pearls’s highest export potential is China. With an export gap of $483M.   Precious stones, metals, & pearls’s highest import potential is United States with an import gap of $265M.

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