2023
Exports
$923MWorld Rnk 4 / 164
Flag Rnk 89 / 1212
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$916MWorld Rnk 4 / 184
Flag Rnk 107 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $923M in Precious Stones, making it the 4th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 89th most exported product in India. The main destination of Precious Stones exports from India are: United States ($361M), Hong Kong ($194M), Thailand ($119M), Italy ($53.3M), and Singapore ($28.8M).

The fastest growing export markets for Precious Stones of India between 2022 and 2023 were Hong Kong ($103M), United States ($89.2M), and Thailand ($19.3M).

Imports In 2023, India imported $916M in Precious Stones, becoming the 4th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 107th most imported product in India. India imports Precious Stones primarily from: Hong Kong ($465M), Zambia ($229M), Thailand ($68.5M), United States ($34.2M), and Brazil ($22.3M).

The fastest growing import markets in Precious Stones for India between 2022 and 2023 were Zambia ($79.4M), Mozambique ($16.8M), and Nigeria ($11M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$923M
IMPORTS (2023)$916M
NET TRADE (2023)$7.34M

In 2023, India exported $923M in Precious Stones. The main destinations of India exports on Precious Stones were United States ($361M), Hong Kong ($194M), Thailand ($119M), Italy ($53.3M), and Singapore ($28.8M).

In 2023, India imported $916M in Precious Stones, mainly from Hong Kong ($465M), Zambia ($229M), Thailand ($68.5M), United States ($34.2M), and Brazil ($22.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR India WERE (2022 - 2023):
Hong Kong$103M (113%)
United States$89.2M (32.8%)
Thailand$19.3M (19.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY India WERE (2022 - 2023):
United Arab Emirates-$73.1M (-83.5%)
Italy-$16.1M (-23.2%)
France-$8.01M (-44.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41.7M
TOP IMPORT POTENTIALUnited States+ $27.8M

Precious Stones’s highest export potential is United States. With an export gap of $41.7M.   Precious Stones’s highest import potential is United States with an import gap of $27.8M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with