2023
Exports
$1.17BWorld Rnk 3 / 164
Flag Rnk 13 / 1181
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$3.03BWorld Rnk 1 / 184
Flag Rnk 23 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $1.17B in Precious Stones, making it the 3rd largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 13th most exported product in Hong Kong. The main destination of Precious Stones exports from Hong Kong are: India ($465M), Switzerland ($269M), Thailand ($167M), United States ($118M), and Germany ($27.9M).

The fastest growing export markets for Precious Stones of Hong Kong between 2022 and 2023 were Switzerland ($197M), United States ($59.5M), and Thailand ($58.1M).

Imports In 2023, Hong Kong imported $3.03B in Precious Stones, becoming the 1st largest importer of Precious Stones in the world. At the same year, Precious Stones was the 23rd most imported product in Hong Kong. Hong Kong imports Precious Stones primarily from: Thailand ($756M), United States ($591M), Switzerland ($232M), Japan ($216M), and India ($194M).

The fastest growing import markets in Precious Stones for Hong Kong between 2022 and 2023 were Thailand ($532M), United States ($340M), and Mozambique ($111M).

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. 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)$1.17B
IMPORTS (2023)$3.03B
NET TRADE (2023)-$1.87B

In 2023, Hong Kong exported $1.17B in Precious Stones. The main destinations of Hong Kong exports on Precious Stones were India ($465M), Switzerland ($269M), Thailand ($167M), United States ($118M), and Germany ($27.9M).

In 2023, Hong Kong imported $3.03B in Precious Stones, mainly from Thailand ($756M), United States ($591M), Switzerland ($232M), Japan ($216M), and India ($194M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Switzerland$197M (273%)
United States$59.5M (102%)
Thailand$58.1M (53.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Hong Kong WERE (2022 - 2023):
India-$18.4M (-3.8%)
Germany-$4.79M (-14.7%)
China-$4.16M (-40.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Precious Stones were:
In 2023, Hong Kong's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $26M
TOP IMPORT POTENTIALIndia+ $18.2M

Precious Stones’s highest export potential is China. With an export gap of $26M.   Precious Stones’s highest import potential is India with an import gap of $18.2M.

See methodology.

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