2022
Exports
$69.2MWorld Rnk 22 / 162
Flag Rnk 203 / 1208
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$66.3MWorld Rnk 17 / 185
Flag Rnk 428 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $69.2M in Precious Stones, making it the 22nd largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 203rd most exported product in Australia. The main destination of Precious Stones exports from Australia are: United States ($25.1M), Australia ($19.8M), Thailand ($5.47M), Germany ($3.87M), and Hong Kong ($2.83M).

The fastest growing export markets for Precious Stones of Australia between 2021 and 2022 were United States ($17.4M), Australia ($14M), and Germany ($2.7M).

Imports In 2022, Australia imported $66.3M in Precious Stones, becoming the 17th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 428th most imported product in Australia. Australia imports Precious Stones primarily from: Australia ($19.8M), Thailand ($11.8M), United Arab Emirates ($9.3M), United States ($5.73M), and India ($3.42M).

The fastest growing import markets in Precious Stones for Australia between 2021 and 2022 were Australia ($14M), Thailand ($4.74M), and United States ($3.73M).

Latest Trends

Jul 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. 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 (2022)$69.2M
IMPORTS (2022)$66.3M
NET TRADE (2022)$2.9M

In 2022, Australia exported $69.2M in Precious Stones. The main destinations of Australia exports on Precious Stones were United States ($25.1M), Australia ($19.8M), Thailand ($5.47M), Germany ($3.87M), and Hong Kong ($2.83M).

In 2022, Australia imported $66.3M in Precious Stones, mainly from Australia ($19.8M), Thailand ($11.8M), United Arab Emirates ($9.3M), United States ($5.73M), and India ($3.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$17.4M (226%)
Australia$14M (241%)
Germany$2.7M (229%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Australia WERE (2021 - 2022):
China-$2.88M (-73.3%)
New Zealand-$908k (-54.1%)
Hong Kong-$371k (-11.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Precious Stones were:
In 2022, Australia's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.43M
TOP IMPORT POTENTIALIndia+ $2.37M

Precious Stones’s highest export potential is China. With an export gap of $3.43M.   Precious Stones’s highest import potential is India with an import gap of $2.37M.

See methodology.

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